Las Vegas Sands Financial Statements
NYSE: LVSConsumer DiscretionaryHotels/ResortsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Las Vegas Sands revenue and earnings
In fiscal 2025, Las Vegas Sands generated $13.02 billion in revenue, up 15.2% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $1.63 billion (+12.5% year over year), for a net margin of 12.5% versus a median of 11.8% in the prior 5 years. Operating margin was 21.6%.
Diluted earnings per share came in at $2.35, up from $1.96. Over the last 5 fiscal years, LVS's revenue has grown at a 34.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Las Vegas Sands income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.02B | 11.30B | 10.37B | 4.11B | 4.23B | 2.94B | 12.13B | 13.73B | 12.73B | 11.27B |
| Revenue growth (YoY) | +15.22% | +8.93% | +152.36% | -2.93% | +44.01% | -75.76% | -11.67% | +7.86% | +12.93% | -3.57% |
| Research & Development | 269.00M | 228.00M | 205.00M | 143.00M | 109.00M | 18.00M | 24.00M | 12.00M | 13.00M | 9.00M |
| Selling, General & Admin | 1.19B | 1.15B | 1.11B | 936.00M | 831.00M | 798.00M | 1.12B | 1.48B | 1.42B | 1.29B |
| Operating Income | 2.82B | 2.40B | 2.31B | -792.00M | -689.00M | -1.39B | 3.37B | 3.75B | 3.46B | 2.50B |
| Interest Expense | 746.00M | 727.00M | 818.00M | 702.00M | 621.00M | 523.00M | 449.00M | 446.00M | 327.00M | 274.00M |
| Other Income (Expense) | -15.00M | 10.00M | -8.00M | -9.00M | -31.00M | 19.00M | 56.00M | 26.00M | -94.00M | 31.00M |
| Pretax Income | 2.21B | 1.96B | 1.77B | -1.39B | -1.47B | -1.88B | 3.60B | 3.33B | 3.05B | 2.26B |
| Income Tax | 347.00M | 208.00M | 344.00M | 154.00M | -5.00M | 24.00M | 432.00M | 375.00M | -209.00M | 239.00M |
| Net Income | 1.63B | 1.45B | 1.22B | 1.83B | -961.00M | -1.69B | 2.70B | 2.41B | 2.81B | 1.68B |
| Net Income growth (YoY) | +12.52% | +18.43% | -33.35% | — | — | -162.45% | +11.81% | -14.07% | +67.24% | -14.60% |
| EPS (Basic) | 2.35 | 1.97 | 1.60 | 2.40 | -1.26 | -2.21 | 3.50 | 3.07 | 3.55 | 2.11 |
| EPS (Diluted) | 2.35 | 1.96 | 1.60 | 2.40 | -1.26 | -2.21 | 3.50 | 3.07 | 3.55 | 2.11 |
| Shares Outstanding (Basic) | 691.00M | 735.00M | 763.00M | 764.00M | 764.00M | 764.00M | 771.00M | 786.00M | 792.00M | 795.00M |
| Shares Outstanding (Diluted) | 693.00M | 737.00M | 765.00M | 764.00M | 764.00M | 764.00M | 771.00M | 786.00M | 792.00M | 795.00M |
| EBITDA | 4.28B | 3.71B | 3.52B | 244.00M | 352.00M | -396.00M | 4.38B | 4.86B | 4.63B | 3.61B |
| Operating Margin | 21.65% | 21.26% | 22.30% | -19.27% | -16.27% | -47.38% | 27.75% | 27.32% | 27.22% | 22.20% |
| Net Margin | 12.50% | 12.80% | 11.77% | 44.57% | -22.70% | -57.31% | 22.25% | 17.58% | 22.06% | 14.90% |
This table shows 10 annual periods of Las Vegas Sands's income statement, from FY 2025 back to FY 2016, across 16 line items including revenue, research & development, selling, general & admin. Values in USD; B = billions, M = millions. Fiscal periods follow LVS's reporting calendar. What is a income statement?