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LVS · Las Vegas Sands Corp · Financials

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Market Cap
$25.32B
Shares
626.99M
Volume · Nov 13 4.51M Avg daily vol (3M) 5.85M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$13.02B +15.2%
FY2025 Revenue FY2008–FY2025
Net Income
$1.63B +12.5%
FY2025 Net Income FY2008–FY2025
Operating Margin
21.65% +0.4pp
FY2025 Operating Margin FY2008–FY2025
Diluted EPS
$2.35 +19.9%
FY2025 Diluted EPS FY2008–FY2025
Operating Cash Flow
$3.02B -5.6%
FY2025 Operating Cash Flow FY2008–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008
$13.6B $13.02B $11.3B $10.37B $4.11B $4.23B $2.94B $12.13B $13.73B $12.73B $11.27B $11.69B $14.58B $13.77B $11.13B $9.41B $6.85B $4.56B $4.39B
$180M $269M $228M $205M $143M $109M $18M $24M $12M $13M $9M $10M $14M $15.81M $19.96M $11.31M $1.78M $533K $12.79M
$1.28B $1.19B $1.15B $1.11B $936M $831M $798M $1.12B $1.48B $1.42B $1.29B $1.27B $1.26B $1.33B $1.06B $836.92M $683.3M $526.2M $550.53M
— $77M $68M $67M $17M $18M $17M $17M $16M $16M $15M $14M $15M $13.6M $10M $10M $6.3M $46K $35K
$1.41B $1.46B $1.31B $1.21B $1.04B $1.04B $997M $1.02B $1.11B $1.17B $1.11B $999M $1.03B $1.01B $892.05M $794.4M $694.97M $586.04M $506.99M
$10.76B $10.2B $8.9B $8.06B $4.9B $4.92B $4.33B $8.76B $9.98B $9.26B $8.77B $8.85B $10.49B $10.36B $8.82B $7.02B $5.67B $4.59B $4.23B
$2.85B $2.82B $2.4B $2.31B -$792M -$689M -$1.39B $3.37B $3.75B $3.46B $2.5B $2.84B $4.1B $3.41B $2.31B $2.39B $1.18B -$28.74M $163.66M
— 21.65% 21.26% 22.3% -19.27% -16.27% -47.38% 27.75% 27.32% 27.22% 22.2% 24.31% 28.11% 24.75% 20.77% 25.4% 17.23% -0.63% 3.73%
$4.26B $4.28B $3.71B $3.52B $244M $352M -$396M $4.39B $4.86B $4.64B $3.61B $3.84B $5.13B $4.42B $3.2B $3.18B $1.88B $557.3M $670.65M
$754M $746M $727M $818M $702M $621M $523M $449M $446M $327M $274M $265M $274M $271.21M $258.56M $282.95M $306.81M $321.87M $421.83M
— — — — — — — — — — — — — — $23.25M $14.39M $8.95M $11.12M $19.79M
-$6M -$15M $10M -$8M -$9M -$31M $19M $56M $26M -$94M $31M $31M $2M $4.32M $5.74M -$3.96M -$8.26M -$9.89M $19.49M
$2.21B $2.21B $1.96B $1.78B -$1.39B -$1.47B -$1.88B $3.6B $3.33B $3.05B $2.26B $2.62B $3.83B $3.14B $2.06B $2.09B $855.91M -$372.63M —
$400M $347M $208M $344M $154M -$5M $24M $432M $375M -$209M $239M $236M $245M $188.84M $180.76M $211.7M $74.3M -$3.88M -$59.7M
$1.61B $1.63B $1.45B $1.22B $1.83B -$961M -$1.69B $2.7B $2.41B $2.81B $1.68B $1.97B $2.84B $2.31B $1.52B $1.56B $599.39M -$354.48M -$163.56M
— 12.5% 12.8% 11.77% 44.57% -22.7% -57.31% 22.25% 17.58% 22.06% 14.9% 16.82% 19.48% 16.75% 13.69% 16.58% 8.75% -7.77% -3.73%
$202M $239M $306M $210M -$475M -$315M -$458M $606M $538M $455M $346M $420M $747M $648.68M $357.72M $323M $182.21M -$14.26M -$4.77M
— — — — — — — — — — — — — $2.31B $1.52B $1.27B $407.46M -$540.05M -$188.76M
$1.62B $1.76B $1.36B $1.26B $1.85B -$1.01B -$1.65B $2.74B $2.36B $2.94B $1.63B $1.82B $2.74B $2.22B $1.69B $1.52B $702.17M -$358.44M -$148.28M
USD/shares $2.45 $2.35 $1.97 $1.60 $2.40 -$1.26 -$2.21 $3.50 $3.07 $3.55 $2.11 $2.47 $3.52 $2.80 $1.89 $1.74 $0.61 -$0.82 -$0.48
USD/shares $2.44 $2.35 $1.96 $1.60 $2.40 -$1.26 -$2.21 $3.50 $3.07 $3.55 $2.11 $2.47 $3.52 $2.79 $1.85 $1.56 $0.51 -$0.82 -$0.48
shares — 691M 735M 763M 764M 764M 764M 771M 786M 792M 795M 797M 806M 822.28M 806.4M 728.34M 667.46M 656.84M 392.13M
shares — 693M 737M 765M 764M 764M 764M 771M 786M 792M 795M 798M 808M 826.32M 824.56M 811.82M 791.76M 656.84M 392.13M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2025: $8.95B in buybacks, $17.19B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Read debt and covenant terms in your AI or your code through MCP and the API →

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term debt and lease obligations, including current maturities 2026-09-30 USD 15,444,000,000 10-Q filed 2026-10-23
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current long-term debt and lease obligations
USD 1,566,000,000
Noncurrent long-term debt and lease obligations
USD 13,878,000,000
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

5.300% Senior Notes due 2031

Note · Las Vegas Sands Corp.

Reference: 5.300% Senior Notes due 2031

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 15, 2031

Last reported interest terms: 5.3% Reported 2026-05-13 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-05-13 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-05-13
    On May 13, 2026, Las Vegas Sands Corp. (the “Company”) completed its previously announced underwritten public offering of an aggregate principal amount of $500 million of the Company’s 5.300% Senior Notes due 2031 (the “2031 Notes”) and $500 million of the Company’s 5.650% Senior Notes due 2033 (the “2033 Notes” and, together with the 2031 Notes, the “Notes”). The Notes were offered and sold pursuant to a prospectus, dated November 3, 2023, forming a part of the Company’s shelf registration statement on Form S-3 (Registration No. 333-275303) and a prospectus supplement, dated May 4, 2026. The Company intends to use the net proceeds from the offering of the Notes, together with cash on hand, to (i) redeem in full the outstanding $1.0 billion aggregate principal amount of the Company’s 3.500% Senior Notes due August 2026 and any accrued interest, (ii) pay transaction-related fees and expenses and (iii) for general corporate purposes.
    Issuer evidence: On May 13, 2026, Las Vegas Sands Corp. (the "Company") completed its previously announced underwritten public offering of an aggregate principal amount of $500 million of the Company's 5.300% Senior Notes due 2031 (the "2031 Notes") and $500 million of the Company's 5.650% Senior Notes due 2033 (the "2033 Notes" and, together with the 2031 Notes, the "Notes").
    Supporting evidence: The 2031 Notes will accrue interest at the rate of 5.300% per year and will mature on May 15, 2031. Interest on the 2031 Notes will be payable semi-annually in arrears on May 15 and November 15, commencing on November 15, 2026. The 2033 Notes will accrue interest at the rate of 5.650% per year and will mature on May 18, 2033. Interest on the 2033 Notes will be payable semi-annually in arrears on May 18 and November 18, commencing on November 18, 2026.
    Supporting evidence: On May 13, 2026, Las Vegas Sands Corp. (the "Company") completed its previously announced underwritten public offering of an aggregate principal amount of $500 million of the Company's 5.300% Senior Notes due 2031 (the "2031 Notes") and $500 million of the Company's 5.650% Senior Notes due 2033 (the "2033 Notes" and, together with the 2031 Notes, the "Notes").

5.650% Senior Notes due 2033

Note · Las Vegas Sands Corp.

Reference: 5.650% Senior Notes due 2033

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 18, 2033

Last reported interest terms: 5.65% Reported 2026-05-13 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-05-13 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-05-13
    On May 13, 2026, Las Vegas Sands Corp. (the “Company”) completed its previously announced underwritten public offering of an aggregate principal amount of $500 million of the Company’s 5.300% Senior Notes due 2031 (the “2031 Notes”) and $500 million of the Company’s 5.650% Senior Notes due 2033 (the “2033 Notes” and, together with the 2031 Notes, the “Notes”). The Notes were offered and sold pursuant to a prospectus, dated November 3, 2023, forming a part of the Company’s shelf registration statement on Form S-3 (Registration No. 333-275303) and a prospectus supplement, dated May 4, 2026. The Company intends to use the net proceeds from the offering of the Notes, together with cash on hand, to (i) redeem in full the outstanding $1.0 billion aggregate principal amount of the Company’s 3.500% Senior Notes due August 2026 and any accrued interest, (ii) pay transaction-related fees and expenses and (iii) for general corporate purposes.
    Issuer evidence: On May 13, 2026, Las Vegas Sands Corp. (the "Company") completed its previously announced underwritten public offering of an aggregate principal amount of $500 million of the Company's 5.300% Senior Notes due 2031 (the "2031 Notes") and $500 million of the Company's 5.650% Senior Notes due 2033 (the "2033 Notes" and, together with the 2031 Notes, the "Notes").
    Supporting evidence: The 2031 Notes will accrue interest at the rate of 5.300% per year and will mature on May 15, 2031. Interest on the 2031 Notes will be payable semi-annually in arrears on May 15 and November 15, commencing on November 15, 2026. The 2033 Notes will accrue interest at the rate of 5.650% per year and will mature on May 18, 2033. Interest on the 2033 Notes will be payable semi-annually in arrears on May 18 and November 18, commencing on November 18, 2026.
    Supporting evidence: On May 13, 2026, Las Vegas Sands Corp. (the "Company") completed its previously announced underwritten public offering of an aggregate principal amount of $500 million of the Company's 5.300% Senior Notes due 2031 (the "2031 Notes") and $500 million of the Company's 5.650% Senior Notes due 2033 (the "2033 Notes" and, together with the 2031 Notes, the "Notes").

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
2.79×
Peer median 1.67×
EV/EBIT
13.32×
Peer median 14.02×
P/E (TTM)
16.55×
Peer median 12.69×
Price/Sales (TTM)
1.86×
Peer median 0.98×
Price/Book
—
Peer median 2.55×

Peer medians compare against the 8 similar-size Resorts & Casinos companies (of 18 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Marina Bay Sands $5,584,000,000 $4,225,000,000 $3,845,000,000 $2,513,000,000 $1,370,000,000 $1,261,000,000 $3,101,000,000 $3,069,000,000
Venetian Macao $2,736,000,000 $2,824,000,000 $2,675,000,000 $675,000,000 $1,256,000,000 $738,000,000 $3,510,000,000 $3,474,000,000
The Londoner Macao $2,556,000,000 $1,984,000,000 $1,792,000,000 $350,000,000 $588,000,000 $297,000,000 $2,052,000,000 $2,153,000,000
Parisian Macao $872,000,000 $973,000,000 $879,000,000 $188,000,000 $357,000,000 $259,000,000 $1,650,000,000 $1,533,000,000
The Plaza Macao and Four Seasons Macao $872,000,000 $872,000,000 $779,000,000 $313,000,000 $546,000,000 $265,000,000 $877,000,000 $719,000,000
Sands Macao $294,000,000 $322,000,000 $322,000,000 $65,000,000 $122,000,000 $120,000,000 $628,000,000 $650,000,000
Ferry Operations and Other $103,000,000 $98,000,000 $80,000,000 $6,000,000 $28,000,000 $28,000,000 $117,000,000 $160,000,000
Corporate And Other $0 $0 $0 $0 $83,000,000 $66,000,000 $206,000,000 —
Las Vegas Operating Properties — — — — — $738,000,000 $1,818,000,000 $1,682,000,000
Sands Bethlehem — — — — — — $227,000,000 $536,000,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Macao SAR China $7,433,000,000 $7,073,000,000 $6,527,000,000 $1,597,000,000 $2,897,000,000 $1,707,000,000 $8,834,000,000 $8,689,000,000
United States — — — — — — $2,045,000,000 $2,218,000,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Casino $9,789,000,000 $8,303,000,000 $7,522,000,000 $2,627,000,000 $2,892,000,000 $2,041,000,000 $9,384,000,000 $9,819,000,000
Occupancy $1,422,000,000 $1,274,000,000 $1,204,000,000 $469,000,000 $415,000,000 $280,000,000 $1,142,000,000 $1,733,000,000
Mall $801,000,000 $755,000,000 $767,000,000 $580,000,000 $649,000,000 $381,000,000 $716,000,000 $690,000,000
Food And Beverage $644,000,000 $607,000,000 $584,000,000 $301,000,000 $199,000,000 $156,000,000 $550,000,000 $865,000,000
Product And Service Other $361,000,000 $359,000,000 $295,000,000 $133,000,000 $79,000,000 $82,000,000 $335,000,000 $622,000,000
Key facts CIK 1300514 CUSIP 517834107 13F (30d) 553 filings 505 filers Visit website Investor relations