Las Vegas Sands Corp. (LVS) reported $13.60B of revenue for the twelve months ended Sep 30, 2026. That is up 10.9% from the year before. Revenue for fiscal 2025 was $13.02B.

Yes. Las Vegas Sands Corp. earned $1.61B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.8%.

How much cash and debt does LVS have?

Las Vegas Sands Corp. reported $2.86B in cash and cash equivalents and $13.88B of debt on its most recent balance sheet in SEC filings.

How fast is LVS revenue growing?

Las Vegas Sands Corp.'s revenue changed +15.2% in fiscal 2025, to $13.02B. Its compound annual growth rate was +34.7% over 5 years and +1.1% over 10 years.

What is LVS free cash flow?

Las Vegas Sands Corp. generated $2.41B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $3.49B less capital expenditures.

What is LVS earnings per share?

Diluted earnings per share were $2.44 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did LVS last report financial results?

The latest statements here come from Las Vegas Sands Corp.'s 10-Q filed on Oct 23, 2026, covering the period ended Sep 30, 2026.

Where does this LVS financial data come from?

Quantisnow builds these statements from the structured XBRL data Las Vegas Sands Corp. files with the SEC. It is provided for information only and is not investment advice.

Financials · LVS

Las Vegas Sands Corp. (LVS) financials

For the twelve months ended Sep 30, 2026, Las Vegas Sands Corp. reported $13.60B of revenue and $1.61B of net income.

Revenue, TTM: $13.60B
Revenue growth, YoY: +10.9%
Net income, TTM: $1.61B
Net income growth, YoY: +3.6%
Net margin: 11.8%
Free cash flow, TTM: $2.41B
EPS, diluted, TTM: $2.44
EPS growth, YoY: +10.4%
Cash: $2.86B
Total debt: $13.88B
P/E: 15.84
P/S: 1.88
Market cap: $25.53B

Annual revenue$13.02B

FY2016FY2025

Annual net income$1.63B

FY2016FY2025

Annual free cash flow$1.85B

FY2016FY2025

LVS revenue and earnings growth

LVS revenueQ3 2026$3.22B

Quarter YoY: -3.5%
QoQ: +2.0%
FY YoY: +15.2%
5Y CAGR: +34.7%
10Y CAGR: +1.1%

LVS revenue was $3.22B in fiscal Q3 2026 (ended Sep 30, 2026), down 3.5% from a year earlier and up 2.0% from the prior quarter. For the full fiscal 2025 it was $13.02B, up 15.2% from fiscal 2024. Compound annual growth was +34.7% over 5 years and +1.1% over 10 years. It rose in 6 of the last 10 fiscal years.

LVS net incomeQ3 2026$304.00M

Quarter YoY: -27.4%
QoQ: -12.1%
FY YoY: +12.5%
10Y CAGR: -1.9%

LVS net income was $304.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 27.4% from a year earlier and down 12.1% from the prior quarter. For the full fiscal 2025 it was $1.63B, up 12.5% from fiscal 2024. Compound annual growth was -1.9% over 10 years. It rose in 2 of the last 3 fiscal years.

LVS EPSQ3 2026$0.48

Quarter YoY: -21.3%
QoQ: -9.4%
FY YoY: +19.9%
10Y CAGR: -0.5%

LVS diluted EPS was $0.48 in fiscal Q3 2026 (ended Sep 30, 2026), down 21.3% from a year earlier and down 9.4% from the prior quarter. For the full fiscal 2025 it was $2.35, up 19.9% from fiscal 2024. Compound annual growth was -0.5% over 10 years.

LVS free cash flowQ3 2026$589.00M

Quarter YoY: -33.5%
QoQ: +68.3%
FY YoY: +13.3%
10Y CAGR: -0.4%

LVS free cash flow was $589.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 33.5% from a year earlier and up 68.3% from the prior quarter. For the full fiscal 2025 it was $1.85B, up 13.3% from fiscal 2024. Compound annual growth was -0.4% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$13.02B	$11.30B	$10.37B	$4.11B	$4.23B	$2.94B	$12.13B	$13.73B	$12.73B	$11.27B
Research and development	$269.00M	$228.00M	$205.00M	$143.00M	$109.00M	$18.00M	$24.00M	$12.00M	$13.00M	$9.00M
Selling, general and admin	$1.19B	$1.15B	$1.11B	$936.00M	$831.00M	$798.00M	$1.12B	$1.48B	$1.42B	$1.29B
Operating income	$2.82B	$2.40B	$2.31B	-$792.00M	-$689.00M	-$1.39B	$3.37B	$3.75B	$3.46B	$2.50B
Interest expense	$746.00M	$727.00M	$818.00M	$702.00M	$621.00M	$523.00M	$449.00M	$446.00M	$327.00M	$274.00M
Pre-tax income	$2.21B	$1.96B	$1.77B	-$1.39B	-$1.47B	-$1.88B	$3.60B	$3.33B	$3.05B	$2.26B
Income tax	$347.00M	$208.00M	$344.00M	$154.00M	-$5.00M	$24.00M	$432.00M	$375.00M	-$209.00M	$239.00M
Net income	$1.63B	$1.45B	$1.22B	$1.83B	-$961.00M	-$1.69B	$2.70B	$2.41B	$2.81B	$1.68B
EPS, basic	$2.35	$1.97	$1.60	$2.40	-$1.26	-$2.21	$3.50	$3.07	$3.55	$2.11
EPS, diluted	$2.35	$1.96	$1.60	$2.40	-$1.26	-$2.21	$3.50	$3.07	$3.55	$2.11
Diluted shares	693.0M	737.0M	765.0M	764.0M	764.0M	764.0M	771.0M	786.0M	792.0M	795.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$3.84B	$3.77B	$5.23B	$6.44B	$1.87B	$2.10B	$4.18B	$4.66B	$2.43B	$2.14B
Receivables	$742.00M	$417.00M	$484.00M	$267.00M	$202.00M	$252.00M	$844.00M	$726.00M	$615.00M	$776.00M
Inventory	$46.00M	$41.00M	$38.00M	$28.00M	$22.00M	$22.00M	$37.00M	$35.00M	$37.00M	$46.00M
Current assets	$4.83B	$4.29B	$5.78B	$6.74B	$5.51B	$5.71B	$5.30B	$5.57B	$3.20B	$3.10B
Goodwill	$103.00M	$102.00M	$103.00M	$10.00M	-	-	-	-	-	-
Total assets	$21.92B	$20.67B	$21.78B	$22.04B	$20.06B	$20.81B	$23.20B	$22.55B	$20.69B	$20.47B
Current liabilities	$4.22B	$5.80B	$4.42B	$3.90B	$2.56B	$2.82B	$3.22B	$3.16B	$2.96B	$2.81B
Long-term debt	$14.66B	$10.59B	$12.13B	$13.95B	$14.72B	$13.93B	$12.42B	$11.87B	$9.34B	$9.43B
Total debt	$14.66B	$10.59B	$12.13B	$13.95B	$14.72B	$13.93B	$12.42B	$11.87B	$9.34B	$9.43B
Total liabilities	$19.99B	$17.51B	$17.67B	$18.38B	$17.81B	$17.27B	$16.69B	$15.80B	$13.06B	$12.97B
Shareholders' equity	$1.59B	$3.16B	$4.10B	$3.66B	$2.25B	$3.54B	$6.51B	$6.75B	$7.63B	$7.49B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$3.02B	$3.20B	$3.23B	-$944.00M	-$243.00M	-$1.19B	$2.80B	$4.70B	$4.54B	$4.04B
Capital expenditures	$1.17B	$1.57B	$1.02B	$651.00M	$828.00M	$1.23B	$1.02B	$949.00M	$837.00M	$1.40B
Free cash flow	$1.85B	$1.64B	$2.21B	-$1.59B	-$1.07B	-$2.42B	$1.78B	$3.75B	$3.71B	$2.65B
Investing cash flow	-$1.22B	-$1.58B	-$1.25B	-$721.00M	-$832.00M	-$1.23B	$95.00M	-$930.00M	-$822.00M	-$1.44B
Financing cash flow	-$1.64B	-$3.06B	-$3.19B	$6.15B	$863.00M	$355.00M	-$3.33B	-$1.52B	-$3.49B	-$2.63B
Dividends paid	$833.00M	$590.00M	$305.00M	$0	$0	$911.00M	$3.00B	$2.98B	$2.94B	$2.92B
Share repurchases	$2.22B	$1.75B	$505.00M	$0	$0	$0	$754.00M	$905.00M	$375.00M	$0
Stock-based compensation	$54.00M	$55.00M	$44.00M	$39.00M	$22.00M	$22.00M	$35.00M	$30.00M	$34.00M	$34.00M
Depreciation and amortization	$1.46B	$1.31B	$1.21B	$1.04B	$1.04B	$997.00M	$1.02B	$1.11B	$1.17B	$1.11B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	15.2%	8.9%	152.4%	-2.9%	44.0%	-75.8%	-11.7%	7.9%	12.9%	-3.6%
Net income growth, YoY	12.5%	18.4%	-33.4%	-	-	-	11.8%	-14.1%	67.2%	-14.6%
EPS growth, YoY	19.9%	22.5%	-33.3%	-	-	-	14.0%	-13.5%	68.2%	-14.6%
Operating margin	21.6%	21.3%	22.3%	-19.3%	-16.3%	-47.4%	27.7%	27.3%	27.2%	22.2%
Net margin	12.5%	12.8%	11.8%	44.6%	-22.7%	-57.3%	22.2%	17.6%	22.1%	14.9%
Free cash flow margin	14.3%	14.5%	21.3%	-38.8%	-25.3%	-82.2%	14.7%	27.3%	29.1%	23.5%
Return on equity	102.3%	45.8%	29.8%	50.1%	-42.7%	-47.6%	41.5%	35.8%	36.8%	22.4%
Return on assets	7.4%	7.0%	5.6%	8.3%	-4.8%	-8.1%	11.6%	10.7%	13.6%	8.2%
Current ratio	1.14	0.74	1.31	1.73	2.15	2.03	1.65	1.76	1.08	1.10
Debt to equity	9.22	3.35	2.96	3.81	6.55	3.94	1.91	1.76	1.23	1.26

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue	$3.22B	$3.15B	$3.58B	$3.65B	$3.33B	$3.17B	$2.86B	$2.90B	$2.68B	$2.76B	$2.96B	$2.92B
Research and development	$37.00M	$43.00M	$41.00M	$59.00M	$72.00M	$69.00M	$69.00M	$59.00M	$55.00M	$61.00M	$53.00M	$65.00M
Selling, general and admin	$333.00M	$331.00M	$302.00M	$315.00M	$308.00M	$292.00M	$273.00M	$303.00M	$293.00M	$268.00M	$286.00M	$287.00M
Operating income	$618.00M	$618.00M	$904.00M	$707.00M	$719.00M	$783.00M	$609.00M	$590.00M	$504.00M	$591.00M	$717.00M	$710.00M
Interest expense	$186.00M	$189.00M	$188.00M	$191.00M	$187.00M	$194.00M	$174.00M	$180.00M	$179.00M	$186.00M	$182.00M	$190.00M
Pre-tax income	$454.00M	$461.00M	$748.00M	$551.00M	$582.00M	$609.00M	$471.00M	$461.00M	$403.00M	$496.00M	$600.00M	$592.00M
Income tax	$102.00M	$88.00M	$107.00M	$103.00M	$91.00M	$90.00M	$63.00M	$69.00M	$50.00M	$72.00M	$17.00M	$123.00M
Net income	$304.00M	$346.00M	$567.00M	$395.00M	$419.00M	$461.00M	$352.00M	$324.00M	$275.00M	$353.00M	$494.00M	$382.00M
EPS, basic	$0.48	$0.53	$0.85	$0.59	$0.61	$0.66	$0.49	$0.45	$0.38	$0.48	$0.66	$0.50
EPS, diluted	$0.48	$0.53	$0.85	$0.58	$0.61	$0.66	$0.49	$0.45	$0.38	$0.48	$0.66	$0.50
Diluted shares	640.0M	656.0M	671.0M	-	685.0M	696.0M	713.0M	-	731.0M	741.0M	752.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Cash and equivalents	$2.86B	$3.38B	$3.33B	$3.84B	$3.48B	$3.58B	$3.16B	$3.77B	$4.33B	$4.84B	$5.08B	$5.23B
Receivables	$664.00M	$622.00M	$677.00M	$742.00M	$548.00M	$533.00M	$435.00M	$417.00M	$413.00M	$436.00M	$420.00M	$484.00M
Inventory	$49.00M	$46.00M	$46.00M	$46.00M	$45.00M	$40.00M	$41.00M	$41.00M	$41.00M	$37.00M	$39.00M	$38.00M
Current assets	$3.82B	$4.30B	$4.27B	$4.83B	$4.15B	$4.26B	$3.72B	$4.29B	$4.83B	$5.33B	$5.56B	$5.78B
Goodwill	-	-	-	$103.00M	$103.00M	$103.00M	$102.00M	$102.00M	-	-	-	$103.00M
Total assets	$19.42B	$19.91B	$21.18B	$21.92B	$21.50B	$21.85B	$21.25B	$20.67B	$21.35B	$21.11B	$21.25B	$21.78B
Current liabilities	$4.62B	$4.31B	$4.63B	$4.22B	$4.67B	$3.50B	$6.25B	$5.80B	$5.35B	$3.37B	$4.27B	$4.42B
Long-term debt	$13.88B	$13.69B	$13.90B	$14.66B	$13.85B	$14.90B	$10.86B	$10.59B	$11.28B	$12.81B	$11.91B	$12.13B
Total debt	$13.88B	$13.69B	$13.90B	$14.66B	$13.85B	$14.90B	$10.86B	$10.59B	$11.28B	$12.81B	$11.91B	$12.13B
Total liabilities	$19.53B	$19.01B	$19.57B	$19.99B	$19.64B	$19.57B	$18.21B	$17.51B	$17.71B	$17.22B	$17.22B	$17.67B
Shareholders' equity	-$344.00M	$897.00M	$1.61B	$1.59B	$1.87B	$2.28B	$3.03B	$3.16B	$3.65B	$3.89B	$4.03B	$4.10B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Operating cash flow	$870.00M	$682.00M	$731.00M	$1.20B	$1.11B	$178.00M	$526.00M	$915.00M	$761.00M	$814.00M	$714.00M	$1.01B
Capital expenditures	$281.00M	$332.00M	$194.00M	$274.00M	$229.00M	$286.00M	$379.00M	$547.00M	$539.00M	$285.00M	$196.00M	$325.00M
Free cash flow	$589.00M	$350.00M	$537.00M	$930.00M	$886.00M	-$108.00M	$147.00M	$368.00M	$222.00M	$529.00M	$518.00M	$681.00M
Investing cash flow	-$273.00M	$946.00M	-$186.00M	-$266.00M	-$211.00M	-$286.00M	-$454.00M	-$550.00M	-$541.00M	-$288.00M	-$200.00M	-$329.00M
Financing cash flow	-$1.12B	-$1.58B	-$1.04B	-$451.00M	-$1.01B	$512.00M	-$692.00M	-$879.00M	-$773.00M	-$769.00M	-$639.00M	-$1.18B
Dividends paid	$193.00M	$328.00M	$202.00M	$169.00M	$239.00M	$246.00M	$179.00M	$145.00M	$146.00M	$148.00M	$151.00M	$152.00M
Share repurchases	$950.00M	$788.00M	$753.00M	$501.00M	$500.00M	$800.00M	$416.00M	$450.00M	$450.00M	$400.00M	$450.00M	$505.00M
Stock-based compensation	$14.00M	$13.00M	$24.00M	$15.00M	$14.00M	$14.00M	$11.00M	$13.00M	$13.00M	$15.00M	$14.00M	$11.00M
Depreciation and amortization	$340.00M	$350.00M	$357.00M	$363.00M	$368.00M	$371.00M	$362.00M	$348.00M	$324.00M	$316.00M	$320.00M	$333.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue growth, YoY	-3.5%	-0.7%	25.3%	26.0%	24.2%	15.0%	-3.3%	-0.7%	-4.0%	8.6%	39.6%	161.0%
Net income growth, YoY	-27.4%	-24.9%	61.1%	21.9%	52.4%	30.6%	-28.7%	-15.2%	-27.6%	13.1%	236.1%	-
EPS growth, YoY	-21.3%	-19.7%	73.5%	28.9%	60.5%	37.5%	-25.8%	-10.0%	-24.0%	17.1%	247.4%	-
Operating margin	19.2%	19.6%	25.2%	19.4%	21.6%	24.7%	21.3%	20.4%	18.8%	21.4%	24.2%	24.4%
Net margin	9.5%	11.0%	15.8%	10.8%	12.6%	14.5%	12.3%	11.2%	10.3%	12.8%	16.7%	13.1%
Free cash flow margin	18.3%	11.1%	15.0%	25.5%	26.6%	-3.4%	5.1%	12.7%	8.3%	19.2%	17.5%	23.4%
Current ratio	0.83	1.00	0.92	1.14	0.89	1.22	0.59	0.74	0.90	1.58	1.30	1.31
Debt to equity	-	15.27	8.64	9.22	7.42	6.53	3.58	3.35	3.09	3.29	2.96	2.96

Source: XBRL data Las Vegas Sands Corp. files with the SEC, latest filing dated Oct 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

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WYNNWynn Resorts Limited	$7.27B	+2.2%	$377.87M	5.2%	$8.56B
MGMMGM Resorts International	$17.72B	+2.6%	$694.07M	3.9%	$8.18B

LVS FAQ

8 questions

What is LVS revenue?
Las Vegas Sands Corp. (LVS) reported $13.60B of revenue for the twelve months ended Sep 30, 2026. That is up 10.9% from the year before. Revenue for fiscal 2025 was $13.02B.
Is LVS profitable?
Yes. Las Vegas Sands Corp. earned $1.61B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.8%.
How much cash and debt does LVS have?
Las Vegas Sands Corp. reported $2.86B in cash and cash equivalents and $13.88B of debt on its most recent balance sheet in SEC filings.
How fast is LVS revenue growing?
Las Vegas Sands Corp.'s revenue changed +15.2% in fiscal 2025, to $13.02B. Its compound annual growth rate was +34.7% over 5 years and +1.1% over 10 years.
What is LVS free cash flow?
Las Vegas Sands Corp. generated $2.41B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $3.49B less capital expenditures.
What is LVS earnings per share?
Diluted earnings per share were $2.44 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did LVS last report financial results?
The latest statements here come from Las Vegas Sands Corp.'s 10-Q filed on Oct 23, 2026, covering the period ended Sep 30, 2026.
Where does this LVS financial data come from?
Quantisnow builds these statements from the structured XBRL data Las Vegas Sands Corp. files with the SEC. It is provided for information only and is not investment advice.