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LVS (Las Vegas Sands Corp.) Stock Financials & Earnings | Market Cap Arena
LVS
Las Vegas Sands Corp.
Mkt Cap
$37B
Consumer Cyclical
·
Gambling, Resorts & Casinos
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$13.0B
Net Income (TTM)
$1.6B
EPS (TTM)
$2.34
Free Cash Flow (TTM)
$1.9B
Gross Margin
28.2%
Op. Margin
23.7%
Net Margin
12.5%
FCF Margin
14.3%
P/S Ratio (TTM)
2.9x
P/E Ratio (TTM)
22.9x
YoY Rev Growth
+15.2%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$2.1B
$752M
$394M
Q2 23
$2.5B
$961M
$549M
Q3 23
$2.8B
$1.1B
$695M
Q4 23
$2.9B
$1.1B
$717M
Q1 24
$3.0B
$1.2B
$734M
Q2 24
$2.8B
$1.0B
$610M
Q3 24
$2.7B
$930M
$519M
Q4 24
$2.9B
$1.0B
$603M
Q1 25
$2.9B
$1.0B
$620M
Q2 25
$3.2B
$938M
$800M
Q3 25
$3.3B
$944M
$794M
Q4 25
$3.6B
$746M
$875M
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Revenue Breakdown
LVS
Las Vegas Sands Corp.
Revenue Breakdown
Q4 2025
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
7.1x
—
Q2 23
5.5x
654.4x
Q3 23
4.4x
55.3x
Q4 23
3.6x
30.5x
Q1 24
3.3x
23.8x
Q2 24
3.3x
23.2x
Q3 24
3.3x
24.8x
Q4 24
3.3x
25.8x
Q1 25
3.3x
28.6x
Q2 25
3.2x
26.4x
Q3 25
3.0x
24.0x
Q4 25
2.9x
22.9x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$441M
$259M
Q2 23
$941M
$522M
Q3 23
$839M
$512M
Q4 23
$1.0B
$677M
Q1 24
$714M
$514M
Q2 24
$814M
$525M
Q3 24
$761M
$220M
Q4 24
$915M
$365M
Q1 25
$526M
$72M
Q2 25
$178M
-$108M
Q3 25
$1.1B
$961M
Q4 25
$1.2B
$930M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$182M
Q2 23
$419M
Q3 23
$327M
Q4 23
$329M
Q1 24
$200M
Q2 24
$289M
Q3 24
$541M
Q4 24
$550M
Q1 25
$454M
Q2 25
$286M
Q3 25
$154M
Q4 25
$274M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+124.8%
+39.8%
Q2 23
+143.3%
+67.6%
Q3 23
+178.1%
+78.6%
Q4 23
+161.0%
+71.7%
Q1 24
+39.6%
+28.9%
Q2 24
+8.6%
+7.9%
Q3 24
-4.0%
+3.0%
Q4 24
-0.7%
+4.3%
Q1 25
-3.3%
+0.8%
Q2 25
+15.0%
+10.4%
Q3 25
+24.2%
+17.3%
Q4 25
+26.0%
+21.0%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$11M
0.5%
Q2 23
$11M
0.4%
Q3 23
$11M
0.4%
Q4 23
$11M
0.4%
Q1 24
$14M
0.5%
Q2 24
$15M
0.5%
Q3 24
$13M
0.5%
Q4 24
$13M
0.4%
Q1 25
$11M
0.4%
Q2 25
$14M
0.4%
Q3 25
$14M
0.4%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
SG&A
Quarter
R&D
G&A
S&M
SG&A
Q1 23
—
—
—
$358M
Q2 23
—
—
—
$412M
Q3 23
—
—
—
$386M
Q4 23
—
—
—
$418M
Q1 24
—
—
—
$428M
Q2 24
—
—
—
$402M
Q3 24
—
—
—
$411M
Q4 24
—
—
—
$446M
Q1 25
—
—
—
$420M
Q2 25
$69M
—
—
$138M
Q3 25
$72M
$78M
$72M
—
Q4 25
—
—
—
$149M
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Revenue Segments
Casino
Food and Beverage
Mall
Occupancy
Product and Service, Other
Quarter
Casino
Food and Beverage
Mall
Occupancy
Product and Service, Other
Q3 23
$2.0B
$156M
$201M
$342M
$88M
Q1 24
$2.2B
$150M
$174M
$330M
$77M
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$6.5B
$0
$6.5B
Q2 23
$5.8B
$0
$5.8B
Q3 23
$5.6B
$0
$5.6B
Q4 23
$5.1B
$0
$5.1B
Q1 24
$5.0B
$0
$5.0B
Q2 24
$4.7B
$0
$4.7B
Q3 24
$4.2B
$0
$4.2B
Q4 24
$3.6B
$0
$3.6B
Q1 25
$3.0B
$0
$3.0B
Q2 25
$3.5B
$0
$3.5B
Q3 25
$3.5B
$0
$3.5B
Q4 25
$3.8B
$0
$3.8B
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Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
766M
+0.3%
Q2 23
767M
+0.1%
Q3 23
766M
-0.1%
Q4 23
760M
-0.8%
Q1 24
752M
-1.1%
Q2 24
741M
-1.5%
Q3 24
731M
-1.3%
Q4 24
737M
+0.8%
Q1 25
713M
-3.3%
Q2 25
696M
-2.4%
Q3 25
685M
-1.6%
Q4 25
678M
-1.0%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$301K
49K
FY 15
$251K
47K
FY 16
$230K
49K
FY 17
$252K
51K
FY 18
$267K
52K
FY 19
$243K
50K
FY 20
$64K
46K
FY 21
$95K
45K
FY 22
$115K
36K
FY 23
$268K
39K
FY 24
$280K
40K
FY 25
$314K
42K
marketcaparena.com