Las Vegas Sands Q3 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
- Jul 1 – Sep 30, 2025
- Reported
- Oct 24, 2025
Revenue$3.33B
+24% year over year
Gross profit$1.10B
33% margin
Operating profit$0.72B
22% margin
Net profit$0.42B
13% margin
The numbers
| 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 |
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