Las Vegas Sands Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	13,017	11,298	10,372	4,110	4,234
Revenue Growth (YoY)	15.21%	8.93%	152.36%	-2.93%	44.01%
Cost of Revenue	2,606	2,326	2,142	1,525	1,406
Gross Profit	10,411	8,972	8,230	2,585	2,828
Selling, General & Admin	1,843	1,728	1,600	1,369	1,207
Other Operating Expenses	3,930	3,451	3,063	935	1,220
Operating Expenses	7,346	6,520	5,890	3,368	3,490
Operating Income	3,065	2,452	2,340	-783	-662
Interest Expense	-746	-727	-818	-702	-621
Interest & Investment Income	161	275	288	116	4
Currency Exchange Gain (Loss)	-21	-	-	-	-
Other Non Operating Income (Expenses)	6	10	-8	-9	-31
EBT Excluding Unusual Items	2,465	2,010	1,802	-1,378	-1,310
Gain (Loss) on Sale of Assets	-6	-9	-8	-3	-27
Asset Writedown	-231	-10	-1	-2	-
Other Unusual Items	-15	-31	-18	-4	-137
Pretax Income	2,213	1,960	1,775	-1,387	-1,474
Income Tax Expense	347	208	344	154	-5
Earnings From Continuing Operations	1,866	1,752	1,431	-1,541	-1,469
Earnings From Discontinued Operations	-	-	-	2,898	193
Net Income to Company	1,866	1,752	1,431	1,357	-1,276
Minority Interest in Earnings	-239	-306	-210	475	315
Net Income	1,627	1,446	1,221	1,832	-961
Net Income to Common	1,627	1,446	1,221	1,832	-961
Net Income Growth	12.52%	18.43%	-33.35%	-	-
Shares Outstanding (Basic)	691	735	763	764	764
Shares Outstanding (Diluted)	693	737	765	764	764
Shares Change (YoY)	-5.97%	-3.66%	0.13%	-	-
EPS (Basic)	2.35	1.97	1.60	2.40	-1.26
EPS (Diluted)	2.35	1.96	1.60	2.39	-1.26
EPS Growth	19.90%	22.50%	-33.14%	-	-
Free Cash Flow	1,855	1,637	2,210	-1,446	-813
Free Cash Flow Per Share	2.68	2.22	2.89	-1.89	-1.06
Dividend Per Share	1.050	0.850	0.600	-	-
Dividend Growth	23.53%	41.67%	-	-	-
Gross Margin	79.98%	79.41%	79.35%	62.90%	66.79%
Operating Margin	23.55%	21.70%	22.56%	-19.05%	-15.63%
Profit Margin	12.50%	12.80%	11.77%	44.57%	-22.70%
Free Cash Flow Margin	14.25%	14.49%	21.31%	-35.18%	-19.20%
EBITDA	4,533	3,762	3,550	253	379
EBITDA Margin	34.82%	33.30%	34.23%	6.16%	8.95%
D&A For EBITDA	1,468	1,310	1,210	1,036	1,041
EBIT	3,065	2,452	2,340	-783	-662
EBIT Margin	23.55%	21.70%	22.56%	-19.05%	-15.63%
Effective Tax Rate	15.68%	10.61%	19.38%	-	-
Revenue as Reported	13,017	11,298	10,372	4,110	4,234
Advertising Expenses	36	34	47	29	31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q