FINHUB Insights

LVS · Q3 FY25 · Jul 1 – Sep 30, 2025

Las Vegas Sands Q3 FY25: where the revenue came from and where it went

Las Vegas Sands Q3 FY25: revenue $3.3B (+24% year over year). Net profit $0.4B. Largest cohort Casino $2.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 24, 2025 10-Q
Sankey diagram of Las Vegas Sands's income statement for Q3 FY25: revenue of $3.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$3.3B +24% year over year
Gross profit$2B 59% margin
Operating profit$0.7B 22% margin
Net profit$0.4B 13% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 3.3 100% +24%
Casino 2.5 76% +29%
Occupancy 0.4 12% +19%
Mall 0.2 6% +5%
Food and Beverage 0.2 6% +9%
Product and Service Other 0.1 3% −4%
Cost of revenue−1.442%
Gross profit259% margin+1pp
Research & development−0.12%+0pp
SG&A−0.39%−2pp
Other−0.926%+0pp
Operating profit0.722% margin+3pp
Tax−0.1
Interest & other costs−0.2
Net profit0.413%+2pp
Filing on EDGAR More quarters of LVS

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters