LVS
Las Vegas Sands Corp.Stock · Consumer DiscretionaryS&P 500 Equal Weight 0.2% · S&P 500 0.02% · US Stock Market 0.02% · Russell 1000 0.02% · Russell 3000 0.02% · MSCI ACWI 0.02% · MSCI World 0.02%$42.83+0.54%
as of market close, Sep 11, 2026
☾ AH — —
LVS financial statements
The full income statement, balance sheet, and cash-flow statement for Las Vegas Sands Corp. (LVS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 736.4M2024-09 725.0M2024-12 715.9M2025-03 706.6M2025-06 686.5M2025-09 676.1M2025-12 671.9M2026-03 662.6M2026-06 647.7M-12.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 13.0B+15.2% | 11.3B+8.9% | 10.4B+152.4% | 4.11B-2.9% | 4.23B+44.0% | |
| Research & development | 269M+18.0% | 228M+11.2% | 205M+43.4% | 143M+31.2% | 109M+505.6% | |
| Selling, general & administrative | 1.19B+3.3% | 1.15B+3.9% | 1.11B+18.3% | 936M+12.6% | 831M+4.1% | |
| Amortization of intangibles | 77.0M+13.2% | 68.0M+1.5% | 67.0M+294.1% | 17.0M-5.6% | 18.0M+5.9% | |
| Provision for credit losses | 85.0M+347.4% | 19.0M+375.0% | 4.00M-73.3% | 15.0M+400.0% | 3.00M-96.5% | |
| Operating income | 2.82B+17.3% | 2.40B+3.8% | 2.31B+392.0% | -792M-14.9% | -689M+50.5% | |
| Interest expense | 746M+2.6% | 727M-11.1% | 818M+16.5% | 702M+13.0% | 621M+18.7% | |
| Other non-operating income | -15.0M-250.0% | 10.0M+225.0% | -8.00M+11.1% | -9.00M+71.0% | -31.0M-263.2% | |
| Pre-tax income | 2.21B+12.9% | 1.96B+10.4% | 1.77B+228.0% | -1.39B+5.9% | -1.47B+21.4% | |
| Income tax | 347M+66.8% | 208M-39.5% | 344M+123.4% | 154M+3180.0% | -5.00M-120.8% | |
| 1.63B+12.5% | 1.45B+18.4% | 1.22B-33.4% | 1.83B+290.6% | -961M+43.0% | ||
| Discontinued operations | — | 0.00 | 0.00-100.0% | 2.90B+1401.6% | 193M+179.4% | |
| Net income to non-controlling interest | 239M-21.9% | 306M+45.7% | 210M+144.2% | -475M-50.8% | -315M+31.2% | |
| $2.35+19.9% | $1.96+22.5% | $1.60-33.3% | $2.40+290.5% | -$1.26+43.0% | ||
| EPS (basic) | $2.35+19.3% | $1.97+23.1% | $1.60-33.3% | $2.40+290.5% | -$1.26+43.0% | |
| Weighted-avg shares (basic) | 691M-6.0% | 735M-3.7% | 763M-0.1% | 764M+0.0% | 764M+0.0% | |
| Weighted-avg shares (diluted) | 693M-6.0% | 737M-3.7% | 765M+0.1% | 764M+0.0% | 764M+0.0% | |
| Dividends per share | $1.00+25.0% | $0.80+100.0% | $0.40 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.83B+12.6% | 4.29B-25.7% | 5.78B-14.3% | 6.74B+22.4% | 5.51B-3.5% | ||
| Cash & equivalents | 3.84B+5.2% | 3.65B-28.5% | 5.11B-19.1% | 6.31B+240.4% | 1.85B-11.0% | |
| Accounts receivable | 742M+77.9% | 417M-13.8% | 484M+81.3% | 267M+32.2% | 202M-19.8% | |
| Inventory | 46.0M+12.2% | 41.0M+7.9% | 38.0M+35.7% | 28.0M+27.3% | 22.0M+0.0% | |
| Prepaid expenses | 203M+11.5% | 182M+21.3% | 150M+8.7% | 138M+22.1% | 113M+0.0% | |
| 21.9B+6.1% | 20.7B-5.1% | 21.8B-1.2% | 22.0B+9.9% | 20.1B-3.6% | ||
| Property, plant & equipment | 11.7B-2.7% | 12.0B+4.8% | 11.4B-0.1% | 11.5B-3.4% | 11.8B-3.5% | |
| Operating lease right-of-use | 44.0M-8.3% | 48.0M-9.4% | 53.0M+130.4% | 23.0M-4.2% | 24.0M-4.0% | |
| Goodwill | 103M+1.0% | 102M-1.0% | 103M+930.0% | 10.0M | — | |
| Intangible assets | 470M+6.1% | 443M-10.5% | 495M+673.4% | 64.0M+236.8% | 19.0M-24.0% | |
| Deferred tax assets | 160M+31.1% | 122M+0.8% | 121M-7.6% | 131M-55.9% | 297M-6.6% | |
| Other non-current assets | 386M+18.8% | 325M+17.8% | 276M+19.5% | 231M+6.5% | 217M-1.8% | |
| 4.22B-27.2% | 5.80B+31.2% | 4.42B+13.3% | 3.90B+52.1% | 2.56B-8.9% | ||
| Accounts payable | 190M+15.9% | 164M-1.8% | 167M+87.6% | 89.0M+15.6% | 77.0M-13.5% | |
| Short-term & current debt | 1.13B-64.3% | 3.16B+66.3% | 1.90B-6.5% | 2.03B+2644.6% | 74.0M-1.3% | |
| Current lease liability | 20.0M+25.0% | 16.0M-15.8% | 19.0M+46.2% | 13.0M-7.1% | 14.0M-12.5% | |
| Other current liabilities | 2.36B+18.8% | 1.99B+1.9% | 1.95B+33.6% | 1.46B+9.3% | 1.33B-9.5% | |
| Finance lease liability (current) | 18.0M+80.0% | 10.0M+11.1% | 9.00M+12.5% | 8.00M-20.0% | 10.0M-16.7% | |
| 20.0B+14.2% | 17.5B-1.0% | 17.7B-3.9% | 18.4B+3.2% | 17.8B+3.1% | ||
| Long-term debt | 14.7B+38.4% | 10.6B-12.7% | 12.1B-13.0% | 13.9B-5.3% | 14.7B+5.7% | |
| Non-current lease liability | 167M-2.9% | 172M-31.7% | 252M+60.5% | 157M+1.9% | 154M+0.7% | |
| Operating lease liability (total) | 187M-0.5% | 188M-30.6% | 271M+59.4% | 170M+1.2% | 168M-48.0% | |
| Finance lease liability (total) | 157M+22.7% | 128M+611.1% | 18.0M-14.3% | 21.0M-16.0% | 25.0M+0.0% | |
| Finance lease liability | 139M+17.8% | 118M+1211.1% | 9.00M-30.8% | 13.0M-13.3% | 15.0M+50.0% | |
| Deferred tax liabilities | 174M-7.4% | 188M+0.5% | 187M+23.0% | 152M-12.1% | 173M-8.0% | |
| Other non-current liabilities | 934M+1.0% | 925M-1.2% | 936M+145.0% | 382M+8.5% | 352M+4.8% | |
| 1.59B-44.9% | 2.88B-30.0% | 4.12B+6.1% | 3.88B+94.4% | 2.00B-32.9% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | |
| Additional paid-in capital | 6.16B-1.4% | 6.25B-3.6% | 6.48B-3.0% | 6.68B+0.6% | 6.65B+0.5% | |
| Retained earnings | 4.39B+27.0% | 3.46B+32.9% | 2.60B+54.4% | 1.68B+1237.8% | -148M-118.2% | |
| Treasury stock | 9.03B+33.6% | 6.76B+35.4% | 4.99B+11.4% | 4.48B+0.0% | 4.48B+0.0% | |
| Accumulated other comprehensive income | 71.0M+222.4% | -58.0M-314.8% | 27.0M+485.7% | -7.00M+68.2% | -22.0M-175.9% | |
| Non-controlling interest | 344M+24.6% | 276M+2071.4% | -14.0M+93.8% | -225M-189.3% | 252M-55.4% | |
| Total equity incl. non-controlling | 1.93B-38.8% | 3.16B-23.0% | 4.10B+12.3% | 3.66B+62.6% | 2.25B-36.5% | |
| Total liabilities & equity | 21.9B+6.1% | 20.7B-5.1% | 21.8B-1.2% | 22.0B+9.9% | 20.1B-3.6% | |
| Common shares issued | 840M+0.7% | 834M+0.1% | 833M+0.0% | 833M+0.0% | 833M+0.0% | |
| Common shares outstanding | 675M-5.7% | 716M-4.9% | 753M-1.4% | 764M+0.0% | 764M+0.0% | |
| Shares outstanding (cover) | 672M-6.1% | 716M-5.0% | 754M-1.4% | 764M+0.0% | 764M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.02B-5.6% | 3.20B-0.7% | 3.23B+441.8% | -944M-288.5% | -243M+81.5% | ||
| Depreciation & amortization | 1.46B+11.9% | 1.31B+8.3% | 1.21B+16.6% | 1.04B-0.5% | 1.04B+4.4% | |
| Intangible amortization | 77.0M+13.2% | 68.0M+1.5% | 67.0M+294.1% | 17.0M-5.6% | 18.0M+5.9% | |
| Share-based compensation | 54.0M-1.8% | 55.0M+25.0% | 44.0M+12.8% | 39.0M+77.3% | 22.0M+0.0% | |
| Deferred income taxes | -60.0M-1600.0% | 4.00M-90.9% | 44.0M+2300.0% | -2.00M+95.6% | -45.0M-287.5% | |
| Change in receivables | 392M+1011.6% | -43.0M-119.8% | 217M+178.2% | 78.0M+281.4% | -43.0M+87.3% | |
| -1.22B+22.9% | -1.58B-25.9% | -1.25B | — | — | ||
| Capital expenditure | 1.17B-25.5% | 1.57B+54.1% | 1.02B+56.2% | 651M-21.4% | 828M-32.5% | |
| Free cash flow | 1.85B+13.3% | 1.64B-25.9% | 2.21B+238.6% | -1.59B-48.9% | -1.07B+57.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 7.00M+600.0% | 1.00M-66.7% | 3.00M-66.7% | 9.00M+28.6% | 7.00M+600.0% | |
| Other investing activities | -19.0M | 0.00 | 0.00 | — | — | |
| -1.64B+46.3% | -3.06B+4.0% | -3.19B | — | — | ||
| Long-term debt issued | 6.78B+287.9% | 1.75B | 0.00-100.0% | 1.20B-55.6% | 2.70B+38.9% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 2.22B+26.7% | 1.75B+246.5% | 505M | 0.00 | 0.00 | |
| Dividends paid | 833M+41.2% | 590M+93.4% | 305M | 0.00 | 0.00-100.0% | |
| Other financing activities | -34.0M+57.5% | -80.0M-175.9% | -29.0M | 0.00 | 0.00 | |
| Net change in cash | 191M+113.1% | -1.45B-20.5% | -1.21B-126.8% | 4.51B+2227.8% | -212M+89.9% | |
| Interest paid | 710M+9.2% | 650M-12.9% | 746M+21.5% | 614M+3.9% | 591M+41.1% | |
| Income taxes paid | 271M+22.1% | 222M+26.1% | 176M-72.9% | 649M+654.7% | 86.0M-56.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 43.7B+18.9% | 36.8B-2.3% | 37.6B+2.4% | 36.7B+27.7% | 28.8B-36.8% | |
| P/E | 26.9×+5.7% | 25.4×-54.7% | 56.2×+187.1% | 19.6× | — | |
| P/S | 3.4×+3.2% | 3.3×-25.8% | 4.4×-52.2% | 9.2×+35.2% | 6.8×-56.1% | |
| P/B | 27.5×+115.7% | 12.7×+54.3% | 8.3×-12.3% | 9.4×-34.6% | 14.4×-5.9% | |
| P/FCF | 23.6×+5.0% | 22.5×-23.7% | 29.4× | — | — | |
| Earnings yield | 3.7%-5.4% | 3.9%+120.8% | 1.8%-65.2% | 5.1% | — | |
| FCF yield | 4.2%-4.7% | 4.5%+31.1% | 3.4% | — | — | |
| Dividend yield | 1.5%-1.4% | 1.6%+91.6% | 0.81% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LVS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LVS filings on SEC EDGAR → Not investment advice.