Las Vegas Sands Q2 FY26: 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, 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
| 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 |
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