Las Vegas Sands Corp. (LVS) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns th...
Las Vegas Sands Corp.'s revenue increased 15.2% year over year, from $11.30B to $13.02B.
Net income increased 12.5% over the same period, from $1.45B to $1.63B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 14% in total.
Total debt increased by 14.8% to $15.78B.
The debt-to-equity ratio stands at 9.93, indicating a high leverage profile.
Operating cash flow declined 5.6% to $3.02B.
Las Vegas Sands Corp. maintains a healthy net profit margin of 12.5%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $2.68B-2.9% | $275.0M | $1.27B | $504.0M | $761.0M | $21.35B | $14.01B | $3.43B |
| Q4 FY2024 | $2.90B+8.0% | $324.0M | $1.41B | $590.0M | $915.0M | $20.67B | $13.75B | $2.88B |
| Q1 FY2025 | $2.86B-1.2% | $352.0M | $1.42B | $609.0M | $526.0M | $21.25B | $13.85B | $2.70B |
| Q2 FY2025 | $3.17B+10.9% | $461.0M | $1.64B | $783.0M | $178.0M | $21.85B | $15.82B | $1.99B |
| Q3 FY2025 | $3.33B+4.9% | $419.0M | $1.66B | $719.0M | $1.11B | $21.50B | $15.77B | $1.57B |
| Q4 FY2025 | $3.65B+9.5% | $395.0M | $1.77B | $707.0M | $1.20B | $21.92B | $15.78B | $1.59B |
| Q1 FY2026 | $3.58B-1.8% | $567.0M | $1.75B | $904.0M | $731.0M | N/A | N/A | N/A |
| Q2 FY2026 | $3.15B-12.0% | $346.0M | $1.48B | $618.0M | $682.0M | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Las Vegas Sands Corp. (LVS) Financial Statements & Revenue History
Las Vegas Sands Corp. (LVS) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Hotels & Motels industry trading at $37.98 with a market capitalization of $25. This page provides 42 historical financial statements for Las Vegas Sands Corp., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Las Vegas Sands Corp. reported revenue of $13.0 billion, representing 15.2% year-over-year growth. The net profit margin of 12.5% indicates moderate profitability. The debt-to-equity ratio of 9.93 signals high leverage.
LVS Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Las Vegas Sands Corp.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether LVS is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track LVS's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Las Vegas Sands Corp. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of LVS's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use LVS Financial Data
Investors use Las Vegas Sands Corp.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare LVS's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how LVS's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View LVS's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Las Vegas Sands Corp.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.LVS trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.