Las Vegas Sands Corp. (LVS) — Financial statements
Income statement, balance sheet, and cash flow for Las Vegas Sands Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 13,017↑15.2% | 11,298↑8.9% | 10,372↑152.4% | 4,110↓2.9% | 4,234 | |
| Cost of Revenue | 9,349↑30.8% | 7,145↑10.4% | 6,471↑85.1% | 3,496↓4.7% | 3,667 | |
| Gross Profit | 3,668↓11.7% | 4,153↑6.5% | 3,901↑535.3% | 614↑8.3% | 567 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 1,440 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 228 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 579↓65.3% | 1,668↑7.9% | 1,546↑11.7% | 1,384↑14.4% | 1,210 | |
| Other Expenses | 0.00↓100.0% | 19 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 579↓65.7% | 1,687↑9.1% | 1,546↑11.7% | 1,384↑14.4% | 1,210 | |
| Total Costs & Expenses | 9,928↑12.4% | 8,832↑10.2% | 8,017↑64.3% | 4,880↑0.1% | 4,877 | |
| Operating Results | ||||||
| Operating Income | 3,089↑25.3% | 2,466↑4.7% | 2,355↑405.8% | -770↓19.8% | -643 | |
| Depreciation & Amortization | 1,540↑8.1% | 1,425↑7.4% | 1,327↑28.1% | 1,036↓0.5% | 1,041 | |
| EBITDA | 4,499↑9.4% | 4,112↑4.9% | 3,920↑1016.8% | 351↑86.7% | 188 | |
| EBIT | 2,959↑10.1% | 2,687↑3.6% | 2,593↑478.5% | -685↑19.7% | -853 | |
| Interest & Other Income | ||||||
| Net Interest Income | -585↓29.4% | -452↑14.7% | -530↑9.6% | -586↑5.0% | -617 | |
| Interest Income | 161↓41.5% | 275↓4.5% | 288↑148.3% | 116↑2800.0% | 4 | |
| Interest Expense | 746↑2.6% | 727↓11.1% | 818↑16.5% | 702↑13.0% | 621 | |
| Non-Operating Income | 130↑158.8% | -221↑7.1% | -238↓180.0% | -85↓140.5% | 210 | |
| Other Income / Expenses | -876↓73.1% | -506↑12.8% | -580↑6.0% | -617↑25.8% | -831 | |
| Income Before Tax | 2,213↑12.9% | 1,960↑10.4% | 1,775↑228.0% | -1,387↑5.9% | -1,474 | |
| Income Tax Expense | 347↑66.8% | 208↓39.5% | 344↑123.4% | 154↑3180.0% | -5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,866↑6.5% | 1,752↑22.4% | 1,431↑192.9% | -1,541↓4.9% | -1,469 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00↓100.0% | 46↓76.2% | 193 | |
| Net Income | 1,627↑12.5% | 1,446↑18.4% | 1,221↑219.7% | -1,020↓6.1% | -961 | |
| Bottom-Line Net Income | 1,627↑12.5% | 1,446↑18.4% | 1,221↑219.7% | -1,020↓6.1% | -961 | |
| EPS (Basic) | 2.35↑19.3% | 1.97↑23.1% | 1.60↑214.3% | -1.40↓11.3% | -1.26 | |
| EPS (Diluted) | 2.35↑19.9% | 1.96↑22.5% | 1.60↑214.3% | -1.40↑7.3% | -1.51 | |
| Weighted Average Shares | 691↓6.0% | 735↓3.7% | 763↓0.1% | 764↑0.0% | 764 | |
| Weighted Average Diluted Shares | 693↓6.0% | 737↓3.7% | 765↑0.1% | 764↑0.0% | 764 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.