Las Vegas Sands Corp. (LVS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.58B | 3.65B | 3.33B | 3.17B | 2.86B | 2.9B | 2.68B | 2.76B | 2.96B | 2.92B | 2.79B | 2.54B | 2.12B | 1.12B | 1B | 1.04B | 943M | 1.01B | 857M | 1.17B |
| Revenue Growth % | 25.26% | 26% | 24.2% | 14.99% | -3.28% | -0.65% | -4.04% | 8.62% | 39.58% | 160.97% | 178.11% | 143.25% | 124.81% | 10.81% | 17.27% | -10.91% | -21.15% | -0.69% | 92.15% | 1791.94% |
| Cost of Goods Sold | 2.54B | 2.9B | 2.39B | 2.24B | 1.82B | 1.85B | 1.75B | 1.75B | 1.8B | 1.78B | 1.71B | 1.58B | 1.37B | 921M | 837M | 858M | 880M | 869M | 846M | 969M |
| COGS % of Revenue | 70.99% | 79.56% | 71.66% | 70.46% | 63.66% | 63.78% | 65.32% | 63.35% | 60.73% | 61.06% | 61.32% | 62.2% | 64.53% | 82.45% | 83.28% | 82.11% | 93.32% | 86.21% | 98.72% | 82.61% |
| Gross Profit | 1.04B | 746M | 944M | 938M | 1.04B | 1.05B | 930M | 1.01B | 1.16B | 1.14B | 1.08B | 961M | 752M | 196M | 168M | 187M | 63M | 139M | 11M | 204M |
| Gross Margin % | 29.01% | 20.44% | 28.34% | 29.54% | 36.34% | 36.22% | 34.68% | 36.65% | 39.27% | 38.94% | 38.68% | 37.8% | 35.47% | 17.55% | 16.72% | 17.89% | 6.68% | 13.79% | 1.28% | 17.39% |
| Gross Profit Growth % | 0% | -28.88% | 1.51% | -7.31% | -10.5% | -7.58% | -13.97% | 5.31% | 54.52% | 479.08% | 543.45% | 413.9% | 1093.65% | 41.01% | 1427.27% | -8.33% | -70.42% | -7.95% | 105.7% | 143.4% |
| Operating Expenses | 124M | -129M | 150M | 138M | 420M | 446M | 411M | 402M | 428M | 418M | 386M | 412M | 358M | 359M | 339M | 331M | 355M | 264M | 317M | 328M |
| OpEx % of Revenue | 3.46% | -3.54% | 4.5% | 4.35% | 14.68% | 15.4% | 15.32% | 14.56% | 14.46% | 14.34% | 13.81% | 16.21% | 16.89% | 32.14% | 33.73% | 31.67% | 37.65% | 26.19% | 36.99% | 27.96% |
| Selling, General & Admin | 124M | 149M | 150M | 138M | 420M | 446M | 411M | 402M | 428M | 418M | 386M | 412M | 358M | 359M | 339M | 331M | 355M | 264M | 317M | 328M |
| SG&A % of Revenue | 3.46% | 4.08% | 4.5% | 4.35% | 14.68% | 15.4% | 15.32% | 14.56% | 14.46% | 14.34% | 13.81% | 16.21% | 16.89% | 32.14% | 33.73% | 31.67% | 37.65% | 26.19% | 36.99% | 27.96% |
| Research & Development | 0 | 0 | 72M | 69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 2.16% | 2.17% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 916M | 875M | 794M | 800M | 620M | 603M | 519M | 610M | 734M | 717M | 695M | 549M | 394M | -163M | -171M | -144M | -292M | -125M | -306M | -124M |
| Operating Margin % | 25.55% | 23.98% | 23.84% | 25.2% | 21.66% | 20.82% | 19.35% | 22.09% | 24.81% | 24.6% | 24.87% | 21.6% | 18.58% | -14.59% | -17.01% | -13.78% | -30.96% | -12.4% | -35.71% | -10.57% |
| Operating Income Growth % | 47.74% | 45.11% | 52.99% | 31.15% | -15.53% | -15.9% | -25.32% | 11.11% | 86.29% | 539.88% | 506.43% | 481.25% | 234.93% | -30.4% | 44.12% | -16.13% | -231.82% | -21.36% | 33.91% | 83.44% |
| EBITDA | 1.29B | 1.25B | 1.18B | 1.19B | 1.01B | 979M | 872M | 955M | 1.08B | 1.08B | 1.04B | 837M | 668M | 93M | 89M | 112M | -28M | 141M | -44M | 134M |
| EBITDA Margin % | 36.09% | 34.12% | 35.51% | 37.51% | 35.29% | 33.81% | 32.51% | 34.59% | 36.67% | 37.05% | 37.14% | 32.93% | 31.51% | 8.33% | 8.86% | 10.72% | -2.97% | 13.99% | -5.13% | 11.42% |
| EBITDA Growth % | 28.12% | 27.17% | 35.67% | 24.71% | -6.91% | -9.35% | -15.99% | 14.1% | 62.43% | 1061.29% | 1066.29% | 647.32% | 2485.71% | -34.04% | 302.27% | -16.42% | -116.77% | -5.37% | 79.53% | 126.53% |
| D&A (Non-Cash Add-back) | 378M | 370M | 389M | 391M | 390M | 376M | 353M | 345M | 351M | 363M | 343M | 288M | 274M | 256M | 260M | 256M | 264M | 266M | 262M | 258M |
| EBIT | 916M | 742M | 769M | 803M | 645M | 641M | 582M | 682M | 782M | 782M | 771M | 627M | 413M | -86M | -137M | -142M | -320M | -149M | -464M | -128M |
| Net Interest Income | -153M | -153M | -148M | -152M | -132M | -123M | -112M | -106M | -111M | -127M | -121M | -134M | -148M | -141M | -145M | -148M | -152M | -151M | -156M | -157M |
| Interest Income | 35M | 38M | 39M | 42M | 42M | 57M | 67M | 80M | 71M | 63M | 79M | 76M | 70M | 60M | 38M | 14M | 4M | 1M | 1M | 1M |
| Interest Expense | 188M | 191M | 187M | 194M | 174M | 180M | 179M | 186M | 182M | 190M | 200M | 210M | 218M | 201M | 183M | 162M | 156M | 152M | 157M | 158M |
| Other Income/Expense | -168M | -324M | -212M | -191M | -149M | -142M | -116M | -114M | -134M | -125M | -124M | -132M | -199M | -124M | -149M | -160M | -184M | -176M | -315M | -162M |
| Pretax Income | 748M | 551M | 582M | 609M | 471M | 461M | 403M | 496M | 600M | 592M | 571M | 417M | 195M | -287M | -320M | -304M | -476M | -301M | -621M | -286M |
| Pretax Margin % | 20.86% | 15.1% | 17.47% | 19.18% | 16.46% | 15.92% | 15.03% | 17.96% | 20.28% | 20.31% | 20.43% | 16.4% | 9.2% | -25.69% | -31.84% | -29.09% | -50.48% | -29.86% | -72.46% | -24.38% |
| Income Tax | 107M | 103M | 91M | 90M | 63M | 69M | 50M | 72M | 17M | 123M | 122M | 49M | 50M | -18M | 60M | 110M | 2M | 14M | -27M | -6M |
| Effective Tax Rate % | 14.3% | 18.69% | 15.64% | 14.78% | 13.38% | 14.97% | 12.41% | 14.52% | 2.83% | 20.78% | 21.37% | 11.75% | 25.64% | 6.27% | -18.75% | -36.18% | -0.42% | -4.65% | 4.35% | 2.1% |
| Net Income | 567M | 395M | 419M | 461M | 352M | 324M | 275M | 353M | 494M | 382M | 380M | 312M | 147M | -164M | -238M | -287M | -331M | -123M | -368M | -192M |
| Net Margin % | 15.82% | 10.82% | 12.58% | 14.52% | 12.3% | 11.19% | 10.25% | 12.79% | 16.69% | 13.1% | 13.6% | 12.27% | 6.93% | -14.68% | -23.68% | -27.46% | -35.1% | -12.2% | -42.94% | -16.37% |
| Net Income Growth % | 61.08% | 21.91% | 52.36% | 30.59% | -28.74% | -15.18% | -27.63% | 13.14% | 236.05% | 332.93% | 259.66% | 208.71% | 144.41% | -33.33% | 35.33% | -49.48% | -19.06% | 58.86% | 34.87% | 76.59% |
| Net Income (Continuing) | 641M | 448M | 491M | 519M | 408M | 392M | 353M | 424M | 583M | 469M | 449M | 368M | 145M | -269M | -380M | -414M | -478M | -315M | -594M | -280M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K |
| Minority Interest | 410M | 344M | 296M | 291M | 334M | 276M | 221M | 140M | 72M | -14M | -101M | -171M | -227M | -225M | -119M | 24M | 148M | 252M | 327M | 455M |
| EPS (Diluted) | 0.85 | 0.58 | 0.61 | 0.66 | 0.49 | 0.45 | 0.38 | 0.48 | 0.66 | 0.50 | 0.50 | 0.41 | 0.19 | -0.22 | -0.31 | -0.38 | -0.49 | -0.16 | -0.48 | -0.30 |
| EPS Growth % | 73.47% | 29.44% | 60.53% | 37.5% | -25.76% | -10.38% | -24% | 17.07% | 247.37% | 327.27% | 261.29% | 207.89% | 138.78% | -36.65% | 35.64% | -26.67% | -34.65% | 58.87% | 25.89% | 72.05% |
| EPS (Basic) | 0.85 | 0.59 | 0.61 | 0.66 | 0.49 | 0.45 | 0.38 | 0.48 | 0.66 | 0.50 | 0.50 | 0.41 | 0.19 | -0.22 | -0.31 | -0.38 | -0.49 | -0.16 | -0.48 | -0.30 |
| Diluted Shares Outstanding | 671M | 678M | 685M | 696M | 713M | 737M | 731M | 741M | 752M | 760M | 766M | 767M | 766M | 764M | 764M | 764M | 764M | 764M | 764M | 764M |
| Basic Shares Outstanding | 669M | 675M | 682M | 695M | 712M | 735M | 730M | 740M | 750M | 759M | 764M | 764M | 764M | 764M | 764M | 755.26M | 764M | 764M | 764M | 764M |
| Dividend Payout Ratio | - | 168.1% | 57.04% | 53.36% | 50.85% | 44.75% | 53.09% | 41.93% | 30.57% | 39.79% | 40.26% | - | - | - | - | - | - | - | - | - |