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LVSLas Vegas Sands Corp.
$46.06$30.6B
Overview & Verdict
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LVS logoLas Vegas Sands Corp.(LVS)Earnings, Financials & Key Ratios

LVS•NYSE
$46.06
19.6× P/E·Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryCasinos & GamingSub-IndustryIntegrated Destination Casino Resorts
AboutLas Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.Show more
  • Revenue$13.02B+15.2%
  • EBITDA$4.63B+19.0%
  • Net Income$1.63B+12.5%
  • EPS (Diluted)2.35+19.9%
  • Gross Margin28.18%-23.3%
  • EBITDA Margin35.56%+3.3%
  • Operating Margin23.73%+8.7%
  • Net Margin12.5%-2.3%
  • ROE63.88%+60.4%

LVS Price & Volume

Las Vegas Sands Corp. (LVS) stock price & volume — 10-year historical chart

Loading chart...

Revenue Recovery Faces Significant Balance Sheet Strain

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Strained
Cash Flow:Improving
Primary Risk:Geopolitical Regulatory Concentration

Key Thesis Takeaways

  • Las Vegas Sands is currently navigating a robust revenue recovery, evidenced by 25.3% year-over-year growth in 2026Q1, driven by rebounding visitor volumes in its core Asian markets.
  • However, this growth is tempered by structural margin compression and a deteriorating capital structure, with the debt-to-equity ratio ballooning to 9.78.
  • Investors should monitor the sustainability of aggressive capital returns, totaling $1.2 billion in 2026Q1, against the backdrop of mandatory non-gaming infrastructure investments that continue to pressure free cash flow.

Verdict Logic

while the 25.3% revenue growth in 2026Q1 is encouraging, the rapid erosion of equity to $1.2 billion and the high debt-to-equity ratio of 9.78 suggest significant long-term solvency risks that warrant a cautious approach.

LVS Growth Metrics

Las Vegas Sands Corp. (LVS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.08%
5 Years34.66%
3 Years46.86%
TTM22.67%

Profit CAGR

10 Years-1.87%
5 Years-
3 Years-
TTM41.26%

EPS CAGR

10 Years-0.5%
5 Years-
3 Years-
TTM50.16%

Return on Capital

10 Years10.79%
5 Years7.92%
3 Years15.85%
Last Year18.97%

LVS Recent Earnings

Las Vegas Sands Corp. (LVS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 22, 2026
Metric
Actual
Est
EPS
$0.91+20.4%
$0.76
Rev
$3.6B+6.6%
$3.4B
Q1 2026
Jan 28, 2026
Metric
Actual
Est
EPS
$0.85+11.1%
$0.77
Rev
$3.6B+9.1%
$3.3B
Q4 2025
Oct 22, 2025
Metric
Actual
Est
EPS
$0.78+26.4%
$0.62
Rev
$3.3B+9.1%
$3.1B
Q3 2025
Jul 23, 2025
Metric
Actual
Est
EPS
$0.79+48.8%
$0.53
Rev
$3.2B+11.8%
$2.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$0.91vs $0.76+20.4%
$3.6Bvs $3.4B+6.6%
Q1 2026Jan 28, 2026
$0.85vs $0.77+11.1%
$3.6Bvs $3.3B+9.1%
Q4 2025Oct 22, 2025
$0.78vs $0.62+26.4%
$3.3Bvs $3.1B+9.1%
Q3 2025Jul 23, 2025
$0.79vs $0.53+48.8%
$3.2Bvs $2.8B+11.8%
Based on last 12 quarters of dataView full earnings history →

Latest LVS News

Recent stock market news and headlines for Las Vegas Sands Corp. (LVS)

PRNewsWire·Jul 1, 2026
Sands China Celebrates Sixth Consecutive Year in Dow Jones Best-in-Class Indices

World's only integrated resort operator named to both World and Asia Pacific indices "People, Community, and Planet" ESG pillars receives international acclaim MACAO, July 1, 2026 /PRNewswire/ -- In recognition of its outstanding performance in Environmental, Social, and Governance (ESG) practices, Sands China Ltd. has been named in the latest Dow Jones Best-in-Class (DJBIC) Indices, including the Dow Jones Best-in-Class World Index for the fifth consecutive year and the Dow Jones Best-in-Class Asia Pacific Index for the sixth consecutive year, making it the world's only integrated resort operator to be concurrently listed in both indices – a strong validation of its exceptional performance and effectiveness in the company's three core ESG pillars of "People, Community, and Planet.

PRNewsWire·Jun 22, 2026
Sands China Drives MICE Development to Advance Macao's Economic Diversification

Attracting over 15.7 million MICE visits since 2007 Elevating Macao's international competitiveness through long-term non-gaming investment MACAO, June 22, 2026 /PRNewswire/ -- Since the opening of Sands® Macao in 2004, Sands China Ltd. has remained committed to contributing to Macao's development into a World Centre of Tourism and Leisure.

PRNewsWire·Jun 16, 2026
Las Vegas Sands Donates $150,000 to The LGBTQ+ Center of Las Vegas for a Workforce Development Program Supporting Housing-Insecure Youth

The 2026 Sands Cares contribution is enabling The Center to provide paid work experience and transferable job skills to youth through its Espresso Yourself Cafe mobile coffee truck. LAS VEGAS, June 16, 2026 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) today announced it has contributed $150,000 to The LGBTQ+ Center of Las Vegas (The Center) for a workforce training and employment program designed to support unhoused and housing-insecure youth through the organization's Espresso Yourself Café program.

Peers Comparison

Key metrics vs top competitors for Las Vegas Sands Corp. (LVS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LVS logoLVSLas Vegas Sands Corp.Current
$46.06$30.57B19.6015.22%12.5%63.88%2.61%
WYNN logoWYNNWynn Resorts, Limited
$96.35$10B30.680.14%5.14%——
MGM logoMGMMGM Resorts International
$46.64$11.93B61.371.72%1.03%5.3%—
MLCO logoMLCOMelco Resorts & Entertainment Limited
$5.26$2.04B11.6911.32%3.58%——
GENI logoGENIGenius Sports Limited
$6.47$1.67B-14.7031.04%-22.27%-22.2%—
CZR logoCZRCaesars Entertainment, Inc.
$30.35$6.18B-12.542.14%-4.19%-12.62%—

Compare LVS vs Peers

Las Vegas Sands Corp. (LVS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WYNN

Most directly comparable listed peer for LVS.

Scale Benchmark

vs MAR

Larger-name benchmark to compare LVS against a more recognizable public peer.

Peer Set

Compare Top 5

vs WYNN, MGM, MLCO, GENI

LVS SEC Filings & Documents

Las Vegas Sands Corp. (LVS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Mar 5, 2026·SEC

Material company update

Feb 13, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 6, 2026·SEC

FY 2025

Feb 7, 2025·SEC

FY 2024

Feb 7, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 24, 2025·SEC

FY 2025

Jul 25, 2025·SEC

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LVS Frequently Asked Questions

Las Vegas Sands Corp. (LVS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Las Vegas Sands Corp.'s revenue?

Las Vegas Sands Corp. (LVS) reported $13.74B in revenue for fiscal year 2025. This represents a 2043% increase from $641.2M in 2000.

How fast is Las Vegas Sands Corp. growing?

Las Vegas Sands Corp. (LVS) grew revenue by 15.2% over the past year. This is strong growth.

Is LVS profitable?

Yes, Las Vegas Sands Corp. (LVS) is profitable, generating $1.84B in net income for fiscal year 2025 (12.5% net margin).

Dividend & Returns
Does LVS pay dividends?

Yes, Las Vegas Sands Corp. (LVS) pays a dividend with a yield of 2.61%. This makes it attractive for income-focused investors.

What is LVS's return on equity?

Las Vegas Sands Corp. (LVS) has a return on equity (ROE) of 63.9%. This is excellent, indicating efficient use of shareholder capital.

What is Las Vegas Sands Corp.'s free cash flow?

Las Vegas Sands Corp. (LVS) generated $2.32B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LVS back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →