Las Vegas Sands Q2 FY25: where the revenue came from and where it went
The whole income statement of Las Vegas Sands for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 25, 2025
Revenue$3.18B
+15% year over year
Gross profit$1.14B
36% margin
Operating profit$0.78B
25% margin
Net profit$0.46B
15% margin
The numbers
| 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 |
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