Las Vegas Sands Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	13,740	13,017	11,298	10,372	4,110	4,234
Revenue Growth (YoY)	22.67%	15.21%	8.93%	152.36%	-2.93%	44.01%
Cost of Revenue	6,927	6,536	5,777	5,205	2,460	2,626
Gross Profit	6,813	6,481	5,521	5,167	1,650	1,608
Selling, General & Admin	1,537	1,498	1,440	1,337	1,171	1,042
Depreciation & Amortization Expenses	1,541	1,540	1,368	1,266	1,091	1,097
Other Operating Expenses	622	625	311	251	180	158
Total Operating Expenses	3,700	3,663	3,119	2,854	2,442	2,297
Operating Income	3,113	2,818	2,402	2,313	-792	-689
Interest Income	154	161	275	288	116	4
Interest Expense	-760	-746	-727	-818	-702	-621
Other Non-Operating Income (Expense)	-17	-20	10	-8	-9	-168
Total Non-Operating Income (Expense)	-623	-605	-442	-538	-595	-785
Pretax Income	2,490	2,213	1,960	1,775	-1,387	-1,474
Provision for Income Taxes	391	347	208	344	154	-5
Net Income	1,842	1,627	1,446	1,221	1,832	-961
Minority Interest in Earnings	257	239	306	210	-475	-315
Earnings From Discontinued Operations	-	-	-	-	5,796	386
Net Income to Common	1,842	1,627	1,446	1,221	1,832	-961
Net Income Growth	41.26%	12.52%	18.43%	-33.35%	-	-
Shares Outstanding (Basic)	680	691	735	763	764	764
Shares Outstanding (Diluted)	683	693	737	765	764	764
Shares Change (YoY)	-6.12%	-5.97%	-3.66%	0.13%	-	-
EPS (Basic)	2.71	2.35	1.97	1.60	-1.40	-1.26
EPS (Diluted)	2.70	2.35	1.96	1.60	-1.40	-1.26
EPS Growth	50.00%	19.90%	22.50%	-	-	-
Shares Outstanding	663	675	716.3	753.45	764.25	763.99
Free Cash Flow	1,041	1,854	1,637	2,211	-1,446	-813
Free Cash Flow Growth	-43.85%	13.26%	-25.96%	-	-	-
Free Cash Flow Per Share	1.53	2.68	2.22	2.89	-1.89	-1.06
Dividends Per Share	1.100	1.050	0.850	0.600	-	-
Dividend Growth	4.76%	23.53%	41.67%	-	-	-
Gross Margin	33.27%	49.79%	48.87%	49.82%	40.15%	37.98%
Operating Margin	22.66%	21.65%	21.26%	22.30%	-19.27%	-16.27%
Profit Margin	15.28%	14.34%	15.51%	13.80%	33.02%	-30.14%
FCF Margin	7.58%	14.24%	14.49%	21.32%	-35.18%	-19.20%
EBITDA	4,714	4,416	3,827	3,640	356	460
EBITDA Margin	34.31%	33.92%	33.87%	35.09%	8.66%	10.86%
EBIT	3,113	2,818	2,402	2,313	-792	-689
EBIT Margin	22.66%	21.65%	21.26%	22.30%	-19.27%	-16.27%
Effective Tax Rate	15.70%	15.68%	10.61%	19.38%	-11.10%	0.34%

Updated Apr 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q