Las Vegas Sands Corp. (LVS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LVS Revenue Growth
Revenue Breakdown (FY 2025)
LVS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
LVS Revenue Analysis (2014–2025)
As of May 6, 2026, Las Vegas Sands Corp. (LVS) generated trailing twelve-month (TTM) revenue of $13.74 billion, reflecting exceptional growth of +25.3% year-over-year. The most recent quarter (Q1 2026) recorded $3.58 billion in revenue, down 1.8% sequentially.
Looking at the longer-term picture, LVS's 5-year compound annual growth rate (CAGR) stands at +34.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $14.58 billion in 2014.
Revenue diversification analysis shows LVS's business is primarily driven by Casino (87%), Mall (7%), and Food and Beverage (6%). With over half of revenue concentrated in Casino, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including WYNN (+0.1% YoY), MGM (+3.4% YoY), and MLCO (+11.3% YoY), LVS has underperformed the peer group in terms of revenue growth. Compare LVS vs WYNN →
LVS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LVSCurrent | $13.7B | +25.3% | +34.7% | 23.7% | |
 WYNN | $7.1B | +0.1% | +27.8% | 16.2% | |
 MGM | $17.5B | +3.4% | +29.0% | 5.7% | |
 MLCO | $5.2B | +11.3% | +24.5% | 11.6% | |
 GENI | $669M | +31.0% | +34.9% | -15.6% | |
 CZR | $11.5B | +2.3% | +25.9% | 18.1% |
LVS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $13.02B | +15.2% | $3.67B | 28.2% | $3.09B | 23.7% |
| 2024 | $11.30B | +8.9% | $4.15B | 36.8% | $2.47B | 21.8% |
| 2023 | $10.37B | +152.4% | $3.90B | 37.6% | $2.35B | 22.7% |
| 2022 | $4.11B | -2.9% | $614.0M | 14.9% | $-770,000,000 | -18.7% |
| 2021 | $4.23B | +44.0% | $567.0M | 13.4% | $-643,000,000 | -15.2% |
| 2020 | $2.94B | -75.8% | $-176,000,000 | -6.0% | $-1,301,000,000 | -44.3% |
| 2019 | $12.13B | -11.7% | $5.74B | 47.3% | $3.82B | 31.5% |
| 2018 | $13.73B | +7.9% | $5.64B | 41.1% | $3.91B | 28.5% |
| 2017 | $12.73B | +12.9% | $5.23B | 41.1% | $3.49B | 27.4% |
| 2016 | $11.27B | -3.6% | $4.46B | 39.6% | $2.70B | 24.0% |
Full LVS Stock Analysis
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Start ComparisonLVS — Frequently Asked Questions
Quick answers to the most common questions about buying LVS stock.
Is LVS's revenue growth accelerating or slowing?
LVS revenue is accelerating at +25.3% year-over-year, exceeding the 5-year CAGR of +34.7%. TTM revenue reached $13.7B. Growth momentum has increased versus prior periods.
What is LVS's long-term revenue growth rate?
Las Vegas Sands Corp.'s 5-year revenue CAGR of +34.7% reflects the sustained expansion pattern. Current YoY growth of +25.3% is above this long-term average.
How is LVS's revenue distributed by segment?
LVS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.