FINHUB Insights

LVS · Q4 FY25 · Oct 1 – Dec 31, 2025

Las Vegas Sands Q4 FY25: where the revenue came from and where it went

Las Vegas Sands Q4 FY25: revenue $3.6B (+26% year over year). Net profit $0.40B. Largest cohort Casino $2.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Feb 6, 2026 10-K
Sankey diagram of Las Vegas Sands's income statement for Q4 FY25: revenue of $3.65 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$3.65B +26% year over year
Gross profit$1.08B 30% margin
Operating profit$0.71B 19% margin
Net profit$0.40B 11% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 3.65 100% +26%
Casino 2.74 75% +30%
Occupancy 0.38 10% +20%
Mall 0.23 6% +5%
Food & beverage 0.19 5% +22%
Product & service other 0.11 3% +9%
Cost of revenue−2.5770%
Gross profit1.0830% margin−3pp
R&D−0.062%+0pp
SG&A−0.329%−2pp
Operating profit0.7119% margin−1pp
Tax−0.10
Interest & other costs−0.21
Net profit0.4011%+0pp
Filing on EDGAR More quarters of LVS

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.