Las Vegas Sands Corp. (LVS) quarterly income statement — complete revenue, gross profit & net income history
Las Vegas Sands Corp. (LVS) annual income statement — 26-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | 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 |
|---|
| Sales/Revenue | 3.22B | 3.15B | 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 |
| Revenue Growth % | -3.45% | -0.66% | 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% | -12.04% |
| Cost of Goods Sold | 1.75B | 1.35B | 1.84B | 1.88B | 1.67B | 1.54B | 1.45B | 1.48B | 1.41B | 1.42B | 1.46B | 1.43B | 1.39B | 1.29B | 1.09B | 665M | 577M | 602M | 616M | 603M |
| COGS % of Revenue | 54.38% | 42.77% | 51.21% | 51.55% | 50.2% | 48.44% | 50.49% | 51.24% | 52.68% | 51.39% | 49.37% | 49.13% | 49.59% | 50.87% | 51.6% | 59.53% | 57.41% | 57.61% | 65.32% | 59.82% |
| Gross Profit | 1.47B | 1.8B | 1.75B | 1.77B | 1.66B | 1.64B | 1.42B | 1.41B | 1.27B | 1.34B | 1.5B | 1.48B | 1.41B | 1.25B | 1.03B | 452M | 428M | 443M | 327M | 405M |
| Gross Margin % | 45.62% | 57.23% | 48.79% | 48.45% | 49.8% | 51.56% | 49.51% | 48.76% | 47.32% | 48.61% | 50.63% | 50.87% | 50.41% | 49.13% | 48.4% | 40.47% | 42.59% | 42.39% | 34.68% | 40.18% |
| Gross Profit Growth % | -11.57% | 10.26% | 23.43% | 25.21% | 30.73% | 21.98% | -5.41% | -4.79% | -9.94% | 7.45% | 46% | 228.1% | 229.21% | 181.94% | 213.76% | 11.6% | 56.78% | -4.11% | -30.13% | -4.48% |
| Operating Expenses | 849M | 1.19B | 833M | 893M | 865M | 837M | 797M | 809M | 765M | 751M | 781M | 773M | 721M | 712M | 648M | 618M | 605M | 590M | 629M | 543M |
| OpEx % of Revenue | 26.4% | 37.63% | 23.24% | 24.47% | 25.97% | 26.36% | 27.85% | 27.94% | 28.52% | 27.2% | 26.39% | 26.52% | 25.8% | 28.01% | 30.57% | 55.33% | 60.2% | 56.46% | 66.7% | 53.87% |
| Selling, General & Admin | 421M | 331M | 302M | 315M | 308M | 292M | 273M | 303M | 293M | 268M | 286M | 287M | 290M | 279M | 251M | 242M | 238M | 238M | 218M | 164M |
| SG&A % of Revenue | 13.09% | 10.49% | 8.42% | 8.63% | 9.25% | 9.2% | 9.54% | 10.46% | 10.92% | 9.71% | 9.67% | 9.85% | 10.38% | 10.98% | 11.84% | 21.67% | 23.68% | 22.78% | 23.12% | 16.27% |
| Research & Development | 0 | 0 | 41M | 59M | 72M | 69M | 69M | 59M | 55M | 61M | 53M | 65M | 44M | 54M | 42M | 35M | 26M | 22M | 60M | 50M |
| R&D % of Revenue | - | - | 1.14% | 1.62% | 2.16% | 2.17% | 2.41% | 2.04% | 2.05% | 2.21% | 1.79% | 2.23% | 1.57% | 2.12% | 1.98% | 3.13% | 2.59% | 2.11% | 6.36% | 4.96% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 618M | 618M | 916M | 875M | 794M | 800M | 620M | 603M | 504M | 591M | 717M | 710M | 688M | 537M | 378M | -166M | -177M | -147M | -302M | -138M |
| Operating Margin % | 19.22% | 19.59% | 25.55% | 23.98% | 23.84% | 25.2% | 21.66% | 20.82% | 18.79% | 21.41% | 24.23% | 24.36% | 24.62% | 21.13% | 17.83% | -14.86% | -17.61% | -14.07% | -32.03% | -13.69% |
| Operating Income Growth % | -22.17% | -22.75% | 47.74% | 45.11% | 57.54% | 35.36% | -13.53% | -15.07% | -26.74% | 10.06% | 89.68% | 527.71% | 488.7% | 465.31% | 225.17% | -20.29% | 43.99% | -5.76% | -214.58% | 34.6% |
| EBITDA | 979M | 989M | 1.31B | 1.26B | 1.18B | 1.19B | 997M | 966M | 843M | 921M | 1.05B | 1.06B | 1.02B | 839M | 666M | 103M | 97M | 123M | -24M | 142M |
| EBITDA Margin % | 30.44% | 31.36% | 36.51% | 34.48% | 35.51% | 37.51% | 34.84% | 33.36% | 31.43% | 33.36% | 35.59% | 36.3% | 36.35% | 33.01% | 31.42% | 9.22% | 9.65% | 11.77% | -2.55% | 14.09% |
| EBITDA Growth % | -17.24% | -16.96% | 31.29% | 30.23% | 40.33% | 29.32% | -5.32% | -8.7% | -17.03% | 9.77% | 58.11% | 927.18% | 947.42% | 582.11% | 2875% | -27.46% | 342.5% | -7.52% | -113.87% | 47.92% |
| D&A (Non-Cash Add-back) | 361M | 371M | 393M | 383M | 389M | 391M | 377M | 363M | 339M | 330M | 336M | 348M | 328M | 302M | 288M | 269M | 274M | 270M | 278M | 280M |
| EBIT | 640M | 650M | 936M | 742M | 769M | 803M | 645M | 641M | 582M | 682M | 782M | 782M | 771M | 627M | 413M | -86M | -137M | -142M | -320M | -149M |
| Net Interest Income | -163M | -158M | -153M | -153M | -148M | -152M | -132M | -123M | -112M | -106M | -111M | -127M | -121M | -134M | -148M | -141M | -145M | -148M | -152M | -151M |
| Interest Income | 23M | 31M | 35M | 38M | 39M | 42M | 42M | 57M | 67M | 80M | 71M | 63M | 79M | 76M | 70M | 60M | 38M | 14M | 4M | 1M |
| Interest Expense | 186M | 189M | 188M | 191M | 187M | 194M | 174M | 180M | 179M | 186M | 182M | 190M | 200M | 210M | 218M | 201M | 183M | 162M | 156M | 152M |
| Other Income/Expense | -164M | -157M | -168M | -324M | -212M | -191M | -149M | -142M | -101M | -95M | -117M | -118M | -117M | -120M | -183M | -121M | -143M | -157M | -174M | -163M |
| Pretax Income | 454M | 461M | 748M | 551M | 582M | 609M | 471M | 461M | 403M | 496M | 600M | 592M | 571M | 417M | 195M | -287M | -320M | -304M | -476M | -301M |
| Pretax Margin % | 14.12% | 14.62% | 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% |
| Income Tax | 102M | -88M | 107M | 103M | 91M | 90M | 63M | 69M | 50M | 72M | 17M | 123M | 122M | 49M | 50M | -18M | 60M | 110M | 2M | 14M |
| Effective Tax Rate % | 22.47% | -19.09% | 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% |
| Net Income | 304M | 373M | 567M | 395M | 419M | 461M | 352M | 324M | 275M | 353M | 494M | 382M | 380M | 312M | 147M | -169M | -239M | -290M | 2.53B | -123M |
| Net Margin % | 9.45% | 11.83% | 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% | -15.13% | -23.78% | -27.75% | 268.29% | -12.2% |
| Net Income Growth % | -27.45% | -19.09% | 61.08% | 21.91% | 52.36% | 30.59% | -28.74% | -15.18% | -27.63% | 13.14% | 236.05% | 326.04% | 259% | 207.59% | -94.19% | -37.4% | 35.05% | -51.04% | 1010.07% | 58.86% |
| Net Income (Continuing) | 352M | 549M | 641M | 448M | 491M | 519M | 408M | 392M | 353M | 424M | 583M | 469M | 449M | 368M | 145M | -269M | -380M | -414M | -478M | -315M |
| Discontinued Operations | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | 1000K | 1000K |
| Minority Interest | 229M | 316M | 550M | 344M | 296M | 291M | 334M | 276M | 221M | 140M | 72M | -14M | -101M | -171M | -227M | -225M | -119M | 24M | 148M | 252M |
| EPS (Diluted) | 0.48 | 0.53 | 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 |
| EPS Growth % | -21.31% | -19.7% | 73.47% | 28.89% | 60.53% | 37.5% | -25.76% | -10% | -24% | 17.07% | 247.37% | 327.27% | 261.29% | 207.89% | 138.78% | -36.65% | 35.64% | -26.67% | -34.65% | 58.87% |
| EPS (Basic) | 0.48 | 0.53 | 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 |
| Diluted Shares Outstanding | 640M | 663M | 671M | 678M | 685M | 696M | 713M | 737M | 731M | 741M | 752M | 760M | 766M | 767M | 766M | 764M | 764M | 764M | 764M | 764M |
| Basic Shares Outstanding | 639M | 661M | 669M | 675M | 682M | 695M | 712M | 735M | 730M | 740M | 750M | 759M | 764M | 764M | 764M | 764M | 764M | 755.26M | 764M | 764M |
| Dividend Payout Ratio | 63.49% | - | 35.63% | 42.78% | 57.04% | 53.36% | 50.85% | 44.75% | 53.09% | 41.93% | 30.57% | 39.79% | 40.26% | - | - | - | - | - | - | - |