LAS VEGAS SANDS CORP
LAS VEGAS SANDS CORP
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 3,330 | 3,841 | 3,353 | 3,450 | 3,036 | 3,650 | 4,208 | 4,711 | 4,956 | 5,105 | 5,574 | 5,768 | |||||
Accounts Receivable Net Current | 677 | 742 | 548 | 533 | 435 | 417 | 413 | 436 | 420 | 484 | 390 | 336 | |||||
Inventory Net | 46 | 46 | 45 | 40 | 41 | 41 | 41 | 37 | 39 | 38 | 35 | 32 | |||||
Prepaid Expense And Other Assets Current | 213 | 203 | 206 | 240 | 209 | 182 | 163 | 148 | 141 | 150 | 173 | 154 | |||||
Assets Current | 4,266 | 4,832 | 4,152 | 4,263 | 3,721 | 4,290 | 4,825 | 5,332 | 5,556 | 5,777 | 6,172 | 6,290 | |||||
Loans And Leases Receivable Net Reported Amount | - | - | - | - | - | - | 1,246 | 1,228 | 1,211 | 1,194 | 1,186 | 1,179 | |||||
Long Term Accounts Notes And Loans Receivable Net … | 1,264 | 1,264 | 1,264 | 1,264 | 1,264 | 1,264 | - | - | - | 1,194 | - | - | |||||
Property Plant And Equipment Net | 11,441 | 11,673 | 11,907 | 12,044 | 12,058 | 11,993 | 12,059 | 11,367 | 11,266 | 11,439 | 11,589 | 11,591 | |||||
Restricted Cash Noncurrent | - | - | - | - | - | - | 125 | 125 | 124 | 124 | 124 | 124 | |||||
Restricted Cash And Cash Equivalents Noncurrent | 125 | 125 | 125 | 125 | 125 | 125 | - | - | - | 124 | - | - | |||||
Deferred Income Tax Assets Net | 159 | 160 | 158 | 140 | 122 | 122 | 129 | 124 | 121 | 121 | 127 | 136 | |||||
Intangible Assets Net Including Goodwill | 545 | 573 | 592 | 641 | 660 | 545 | 560 | 572 | 584 | 598 | 609 | 631 | |||||
Other Assets Noncurrent | 369 | 386 | 390 | 417 | 442 | 325 | 301 | 267 | 263 | 276 | 264 | 244 | |||||
Assets | 21,176 | 21,920 | 21,502 | 21,850 | 21,247 | 20,666 | 21,354 | 21,113 | 21,245 | 21,778 | 22,124 | 22,270 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 159 | 190 | 168 | 162 | 151 | 164 | 139 | 149 | 156 | 167 | 150 | 135 | |||||
Construction Payable Current | 142 | 160 | 191 | 188 | 245 | 263 | 337 | 273 | 151 | 146 | 153 | 179 | |||||
Other Liabilities Current | 2,066 | 2,359 | 2,078 | 1,918 | 2,586 | 1,985 | 1,923 | 1,773 | 1,661 | 1,948 | 1,768 | 1,719 | |||||
Accrued Income Taxes Current | 442 | 385 | 314 | 310 | 279 | 229 | 223 | 244 | 256 | 261 | 213 | 171 | |||||
Long Term Debt And Capital Lease Obligations Curre… | 1,824 | 1,128 | 1,920 | 923 | 2,994 | 3,160 | 2,728 | 930 | 2,043 | 1,900 | 1,818 | 71 | |||||
Liabilities Current | 4,633 | 4,222 | 4,671 | 3,501 | 6,255 | 5,801 | 5,350 | 3,369 | 4,267 | 4,422 | 4,102 | 2,275 | |||||
Other Liabilities Noncurrent | 870 | 934 | 938 | 987 | 917 | 925 | 888 | 869 | 864 | 936 | 844 | 842 | |||||
Deferred Income Tax Liabilities Net | 165 | 174 | 174 | 183 | 185 | 188 | 185 | 173 | 175 | 187 | 150 | 145 | |||||
Long Term Debt And Capital Lease Obligations | 13,900 | 14,656 | 13,852 | 14,897 | 10,857 | 10,592 | 11,284 | 12,808 | 11,914 | 12,129 | 12,576 | 14,849 | |||||
Liabilities | 19,568 | 19,986 | 19,635 | 19,568 | 18,214 | 17,506 | 17,707 | 17,219 | 17,220 | 17,674 | 17,672 | 18,111 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Treasury Stock Value | -9,774 | -9,028 | 8,526 | 8,021 | 7,213 | -6,759 | 6,304 | -5,850 | -5,446 | -4,991 | -4,481 | -4,481 | |||||
Additional Paid In Capital | 6,180 | 6,159 | 5,886 | 6,093 | 6,307 | 6,245 | 6,369 | 6,508 | 6,493 | 6,481 | 6,720 | 6,708 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 38 | 71 | 49 | 4 | -24 | -58 | 84 | -53 | -38 | 27 | -57 | -41 | |||||
Retained Earnings Accumulated Deficit | 4,753 | 4,387 | 4,161 | 3,914 | 3,628 | 3,455 | 3,276 | 3,148 | 2,943 | 2,600 | 2,370 | 2,143 | |||||
Stockholders Equity | 1,608 | 1,590 | 1,571 | 2,282 | 3,033 | 3,160 | 3,426 | 3,894 | 4,025 | 4,104 | 4,452 | 4,159 | |||||
Minority Interest | 410 | 344 | 296 | 291 | 334 | 276 | 221 | 140 | 72 | -14 | -101 | -171 | |||||
Liabilities And Stockholders Equity | 21,176 | 21,920 | 21,502 | 21,850 | 21,247 | 20,666 | 21,354 | 21,113 | 21,245 | 21,778 | 22,124 | 22,270 | |||||
Allowance For Doubtful Accounts Receivable Current | 230 | 225 | 194 | 186 | 172 | 186 | 191 | 206 | 206 | 201 | 200 | 203 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Allowance For Doubtful Accounts Receivable | - | - | - | - | - | - | - | - | - | 201 | - | - | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||
Common Stock Shares Issued | 841 | 840 | 835 | 835 | 835 | 834 | 834 | 834 | 834 | 833 | 833 | 833 | |||||
Shares Outstanding | 663 | 675 | 678 | 687 | 707 | 716 | 725 | 736 | 745 | 753 | 764 | 764 | |||||
Treasury Stock Common Shares | 178 | 165 | 157 | 148 | 128 | 118 | 109 | 98 | 89 | 80 | 69 | 69 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.56% | -3.49% | -11.07% | - | - | - | - | - | - | - | - | - |
| 2025 | 19.00% | 13.11% | 39.70% | 2.88% | 2.57% | -4.89% | 13.97% | 13.72% | 2.76% | -1.36% | -10.10% | -8.16% |
| 2024 | 2.81% | -0.54% | -7.02% | 3.58% | 2.69% | 35.66% | -8.74% | 2.50% | -10.17% | 4.63% | -10.65% | -16.01% |
| 2023 | - | - | - | 1.14% | -12.38% | -18.37% | 5.80% | 2.78% | 12.57% | -2.79% | -1.99% | -13.84% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.92 | 1.14 | 0.89 | 1.22 | 0.59 | 0.74 | 0.90 | 1.58 | 1.30 | 1.31 | 1.50 | 2.76 | |||||
| Quick Ratio | 0.86 | 1.09 | 0.84 | 1.14 | 0.55 | 0.70 | 0.86 | 1.53 | 1.26 | 1.26 | 1.45 | 2.68 | |||||
| Working Capital | -367.00M | 610.00M | -519.00M | 762.00M | -2.53B | -1.51B | -525.00M | 1.96B | 1.29B | 1.36B | 2.07B | 4.02B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 12.17 | 10.33 | 12.50 | 8.57 | 6.01 | 5.54 | 5.17 | 4.42 | 4.28 | 4.31 | 3.97 | 4.35 | |||||
| Interest Coverage TTM | 4.10 | 3.78 | 3.67 | 3.42 | 3.19 | 3.30 | 3.42 | 3.57 | 3.39 | 2.83 | 1.73 | 0.70 | |||||
| Debt Ratio | 0.92 | 0.91 | 0.91 | 0.90 | 0.86 | 0.85 | 0.83 | 0.82 | 0.81 | 0.81 | 0.80 | 0.81 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.65 | 0.61 | 0.57 | 0.54 | 0.53 | 0.53 | 0.52 | 0.53 | 0.51 | 0.47 | 0.39 | 0.31 | |||||
| Days Sales Outstanding TTM | 14.77 | 16.25 | 14.30 | 15.23 | 13.93 | 14.55 | 12.95 | 12.33 | 12.18 | 13.21 | 12.77 | 13.29 | |||||
| Receivables Turnover TTM | 24.71 | 22.46 | 25.52 | 23.97 | 26.20 | 25.08 | 28.19 | 29.61 | 29.98 | 27.62 | 28.58 | 27.47 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 2.75 | 2.35 | 1.92 | 1.80 | 1.70 | 1.96 | 2.67 | 2.67 | 2.48 | 1.87 | 0.42 | -0.39 | |||||
| Free Cash Flow Per Share TTM | 3.36 | 2.68 | 1.90 | 0.91 | 1.78 | 2.23 | 2.67 | 3.02 | 3.27 | 2.90 | 1.67 | 0.59 | |||||
| Dividend Per Share TTM | 1.91 | 1.82 | 1.81 | 1.46 | 1.29 | 1.21 | 1.02 | 0.61 | 0.41 | 0.20 | 0.20 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 59.13% | 59.53% | 59.87% | 59.63% | 59.04% | 59.19% | 59.51% | 60.06% | 60.24% | 59.97% | 59.41% | 58.92% | |||||
| Operating Profit Margin TTM | 22.66% | 21.65% | 22.02% | 21.40% | 20.48% | 21.26% | 22.29% | 23.67% | 23.66% | 22.30% | 16.76% | 8.43% | |||||
| Net Profit Margin TTM | 13.41% | 12.50% | 10.75% | 10.78% | 10.85% | 12.80% | 17.25% | 17.31% | 16.65% | 13.80% | 3.76% | -4.38% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 22.67% | 15.22% | 8.37% | 1.62% | -0.09% | 8.93% | 31.99% | 68.48% | 112.05% | 152.36% | 114.30% | 76.07% | |||||
| Net Income Growth (1Y) | 51.60% | 12.52% | -32.48% | -36.74% | -34.92% | 1.05% | 506.21% | -766.33% | -281.97% | 5.45% | -82.12% | -117.76% | |||||
| EPS Growth (1Y) | 61.35% | 19.68% | -27.73% | -32.64% | -31.45% | 4.90% | 534.45% | -787.94% | -285.37% | 5.59% | -82.12% | -117.76% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 19.46 | 27.34 | 27.42 | 23.68 | 22.05 | 25.28 | 18.16 | 15.87 | 19.84 | 24.97 | 103.07 | -140.90 | |||||
| P/B TTM | 22.29 | 23.00 | 23.00 | 12.99 | 8.83 | 11.57 | 10.35 | 8.07 | 9.20 | 8.71 | 7.45 | 10.06 | |||||
| P/S TTM | 2.61 | 3.42 | 2.95 | 2.55 | 2.39 | 3.24 | 3.13 | 2.75 | 3.30 | 3.44 | 3.87 | 6.17 | |||||
| Market Cap | 35.84B | 44.48B | 36.14B | 29.65B | 26.79B | 36.55B | 35.44B | 31.42B | 37.04B | 35.73B | 33.19B | 41.85B | |||||
| Enterprise Value | 48.11B | 56.30B | 48.43B | 41.89B | 37.48B | 46.53B | 45.12B | 40.32B | 45.92B | 44.53B | 41.88B | 50.88B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 2.25B | 1.86B | 1.29B | 629.00M | 1.27B | 1.64B | 1.95B | 2.24B | 2.45B | 2.21B | 1.28B | 450.00M | |||||
| Net Debt | 12.27B | 11.82B | 12.29B | 12.25B | 10.69B | 9.98B | 9.68B | 8.90B | 8.88B | 8.80B | 8.70B | 9.03B | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
LAS VEGAS SANDS CORP (LVS) — SEC Financial Statements & Analysis
LAS VEGAS SANDS CORP (LVS) is a hotels & motels company, incorporated in NV. LAS VEGAS SANDS CORP trades on LVS: NYSE as: LVS. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), LAS VEGAS SANDS CORP reported a 22.67% year-over-year revenue growth, a Gross Profit Margin of 59.13% (TTM), a Debt-to-Equity ratio of 12.17x, a Price-to-Sales (P/S) ratio of 2.61x (TTM), a Price-to-Book (P/B) ratio of 22.29 (TTM), at a market cap of $35.84B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 22.67%
- Gross Profit Margin TTM
- 59.13%
- Debt To Equity
- 12.17x
- P/S TTM
- 2.61x
- P/B TTM
- 22.29
- Market Cap
- $35.84B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is LAS VEGAS SANDS CORP in?
LAS VEGAS SANDS CORP (LVS) operates in the Hotels & Motels industry.
What is LVS's market cap?
LAS VEGAS SANDS CORP (LVS) has a market capitalization of $35.84B as of 2026-03-31.
What is LVS's P/E ratio?
LAS VEGAS SANDS CORP (LVS)'s trailing twelve month P/E ratio is 19.46x as of 2026-03-31.
What exchange does LVS trade on?
LAS VEGAS SANDS CORP (LVS) trades on the LVS: NYSE.
Where is LAS VEGAS SANDS CORP incorporated?
LAS VEGAS SANDS CORP is incorporated in NV.