Las Vegas Sands

LVS Consumer Discretionary Market cap $27.5B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 24, 2026

Revenue$3.15B −1% year over year

Gross profit$0.99B 31% margin

Operating profit$0.62B 20% margin

Net profit$0.35B 11% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.15	100%	−1%
Casino	2.34	74%	−3%
Occupancy	0.36	12%	+4%
Mall	0.20	6%	+6%
Food & beverage	0.17	5%	+14%
Product & service other	0.09	3%	+9%
Cost of revenue	−2.16	69%
Gross profit	0.99	31% margin	−5pp
R&D	−0.04	1%	−1pp
SG&A	−0.33	11%	+1pp
Operating profit	0.62	20% margin	−5pp
Interest & other costs	−0.18
Tax	−0.09
Net profit	0.35	11% margin	−4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.59	100%	+25%
Casino	2.74	76%	+29%
Occupancy	0.38	11%	+16%
Mall	0.20	6%	+10%
Food & beverage	0.18	5%	+25%
Product & service other	0.09	2%	+6%
Cost of revenue	−2.34	65%
Gross profit	1.25	35% margin	+2pp
R&D	−0.04	1%	−1pp
SG&A	−0.30	9%	−1pp
Operating profit	0.90	25% margin	+4pp
Interest & other costs	−0.23
Tax	−0.11
Net profit	0.57	16% margin	+4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.65	100%	+26%
Casino	2.74	75%	+30%
Occupancy	0.38	11%	+20%
Mall	0.23	6%	+5%
Food & beverage	0.19	5%	+22%
Product & service other	0.11	3%	+9%
Cost of revenue	−2.57	70%
Gross profit	1.08	30% margin	−3pp
R&D	−0.06	1%	+0pp
SG&A	−0.32	9%	−2pp
Operating profit	0.71	19% margin	−1pp
Interest & other costs	−0.21
Tax	−0.10
Net profit	0.40	11% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.33	100%	+24%
Casino	2.51	75%	+29%
Occupancy	0.37	11%	+19%
Mall	0.20	6%	+5%
Food & beverage	0.17	5%	+9%
Product & service other	0.09	3%	−4%
Cost of revenue	−2.23	67%
Gross profit	1.10	33% margin	+1pp
R&D	−0.07	2%	+0pp
SG&A	−0.31	9%	−2pp
Operating profit	0.72	22% margin	+3pp
Interest & other costs	−0.21
Tax	−0.09
Net profit	0.42	13% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.18	100%	+15%
Casino	2.42	76%	+19%
Occupancy	0.35	11%	+10%
Mall	0.19	6%	+7%
Food & beverage	0.15	5%	−1%
Product & service other	0.08	2%	−11%
Cost of revenue	−2.03	64%
Gross profit	1.14	36% margin	+3pp
R&D	−0.07	2%	+0pp
SG&A	−0.29	9%	−1pp
Operating profit	0.78	25% margin	+3pp
Interest & other costs	−0.23
Tax	−0.09
Net profit	0.46	15% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	2.68	100%	−4%
Casino	1.94	72%	−4%
Occupancy	0.31	12%	−8%
Mall	0.19	7%	−6%
Food & beverage	0.15	6%	−3%
Product & service other	0.09	3%	+3%
Cost of revenue	−1.83	68%
Gross profit	0.85	32% margin	−5pp
R&D	−0.06	2%	+0pp
SG&A	−0.29	11%	+1pp
Operating profit	0.50	19% margin	−6pp
Interest & other costs	−0.18
Tax	−0.05
Net profit	0.28	10% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 24, 2026 Operating margin 20% Net profit $0.35B	Apr 1 – Jun 30, 2026	Jul 24, 2026	$3.15B	−1%	20%	$0.35B	11%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 24, 2026 Operating margin 25% Net profit $0.57B	Jan 1 – Mar 31, 2026	Apr 24, 2026	$3.59B	+25%	25%	$0.57B	16%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 6, 2026 Operating margin 19% Net profit $0.40B	Oct 1 – Dec 31, 2025	Feb 6, 2026	$3.65B	+26%	19%	$0.40B	11%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 24, 2025 Operating margin 22% Net profit $0.42B	Jul 1 – Sep 30, 2025	Oct 24, 2025	$3.33B	+24%	22%	$0.42B	13%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 25, 2025 Operating margin 25% Net profit $0.46B	Apr 1 – Jun 30, 2025	Jul 25, 2025	$3.18B	+15%	25%	$0.46B	15%
Q3 FY24 Jul 1 – Sep 30, 2024 reported Oct 25, 2024 Operating margin 19% Net profit $0.28B	Jul 1 – Sep 30, 2024	Oct 25, 2024	$2.68B	−4%	19%	$0.28B	10%