Las Vegas Sands financials
$38.32−1.19%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.02B | $11.30B | $10.37B | $4.11B | $4.23B | $2.94B | $12.13B | $13.73B | $12.73B | $11.27B |
| Gross profit | $6.48B | $5.52B | $5.17B | $1.65B | $1.61B | $821.0M | $6.03B | $6.75B | $6.40B | $5.58B |
| Gross margin | 49.8% | 48.9% | 49.8% | 40.1% | 38.0% | 27.9% | 49.7% | 49.2% | 50.3% | 49.6% |
| Operating income | $3.06B | $2.45B | $2.34B | -$783.0M | -$662.0M | -$1.32B | $3.45B | $3.90B | $3.48B | $2.58B |
| Net income | $1.63B | $1.45B | $1.22B | $1.83B | -$961.0M | -$1.69B | $2.70B | $2.41B | $2.81B | $1.68B |
| Net margin | 12.5% | 12.8% | 11.8% | 44.6% | −22.7% | −57.3% | 22.2% | 17.6% | 22.1% | 14.9% |
| Diluted EPS | $2.35 | $1.96 | $1.60 | $2.40 | $-1.26 | $-2.21 | $3.50 | $3.07 | $3.55 | $2.11 |
| EBITDA | $4.53B | $3.76B | $3.55B | $308.0M | $435.0M | -$268.0M | $4.52B | $5.04B | $4.69B | $3.73B |
| Operating cash flow | $3.02B | $3.20B | $3.23B | -$795.0M | $15.0M | -$1.31B | $3.04B | $4.70B | $4.54B | $4.04B |
| Free cash flow | $1.85B | $1.64B | $2.21B | -$1.45B | -$813.0M | -$2.54B | $2.02B | $3.75B | $3.71B | $2.65B |
| Diluted shares | 693.0M | 737.0M | 765.0M | 764.0M | 764.0M | 764.0M | 771.0M | 786.0M | 792.0M | 795.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.84B | $3.65B | $5.11B | $6.31B | $1.85B | $2.08B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $15.78B | $13.75B | $14.03B | $15.98B | $14.79B | $14.00B |
| Total assets | $21.92B | $20.67B | $21.78B | $22.04B | $20.06B | $20.81B |
| Total liabilities | $19.99B | $17.51B | $17.67B | $18.38B | $17.81B | $17.27B |
| Shareholders' equity | $1.93B | $3.16B | $4.10B | $3.66B | $2.25B | $3.54B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology