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	6,536	5,777	5,205	2,460	2,626
Gross Profit	6,481	5,521	5,167	1,650	1,608
Selling, General & Admin	1,498	1,440	1,337	1,171	1,042
Depreciation & Amortization Expenses	1,540	1,368	1,266	1,091	1,097
Other Operating Expenses	625	311	251	180	158
Total Operating Expenses	3,663	3,119	2,854	2,442	2,297
Operating Income	2,818	2,402	2,313	-792	-689
Interest Income	161	275	288	116	4
Interest Expense	-746	-727	-818	-702	-621
Other Non-Operating Income (Expense)	-20	10	-8	-9	-168
Total Non-Operating Income (Expense)	-605	-442	-538	-595	-785
Pretax Income	2,213	1,960	1,775	-1,387	-1,474
Provision for Income Taxes	347	208	344	154	-5
Net Income	1,627	1,446	1,221	1,832	-961
Minority Interest in Earnings	239	306	210	-475	-315
Earnings From Discontinued Operations	-	-	-	5,796	386
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	-1.40	-1.26
EPS (Diluted)	2.35	1.96	1.60	-1.40	-1.26
EPS Growth	19.90%	22.50%	-	-	-
Free Cash Flow	1,854	1,637	2,211	-1,446	-813
Free Cash Flow Growth	13.26%	-25.96%	-	-	-
Free Cash Flow Per Share	2.68	2.22	2.89	-1.89	-1.06
Dividends Per Share	1.050	0.850	0.600	-	-
Dividend Growth	23.53%	41.67%	-	-	-
Gross Margin	49.79%	48.87%	49.82%	40.15%	37.98%
Operating Margin	21.65%	21.26%	22.30%	-19.27%	-16.27%
Profit Margin	14.34%	15.51%	13.80%	33.02%	-30.14%
FCF Margin	14.24%	14.49%	21.32%	-35.18%	-19.20%
EBITDA	4,416	3,827	3,640	356	460
EBITDA Margin	33.92%	33.87%	35.09%	8.66%	10.86%
EBIT	2,818	2,402	2,313	-792	-689
EBIT Margin	21.65%	21.26%	22.30%	-19.27%	-16.27%
Effective Tax Rate	15.68%	10.61%	19.38%	-11.10%	0.34%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q