NYSE:LVS
Las Vegas Sands Corp.
Las Vegas Sands Corp.'s revenue grew 15.2% in fiscal 2025 to $13.0B while operating margin rose to 21.6%. Free cash flow was $1.9B, 14.3% of revenue, and the diluted share count fell 6.0%.Summary generated from Las Vegas Sands Corp.'s SEC filings. Latest annual report filed Feb 6, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$13.0B
Revenue growth+15.2%
Revenue, 5-yr CAGR+34.7%
Gross marginn/a
Operating margin21.6%
Net margin12.5%
ROIC17.9%
Return on equity72.7%
Debt / equity9.93
Free cash flow$1.9B
FCF margin14.3%
Share count change−6.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 4.2 | 4.1 | 10.4 | 11.3 | 13.0 |
| Operating income | −0.7 | −0.8 | 2.3 | 2.4 | 2.8 |
| Net income | −1.0 | 1.8 | 1.2 | 1.4 | 1.6 |
| Free cash flow | −1.1 | −1.6 | 2.2 | 1.6 | 1.9 |
Recent filings
- 4Insider transaction report
Sep 2, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 24, 2026 - 8-KResults of operations and financial condition
Jul 22, 2026 - 4Insider transaction report
Jun 18, 2026 - 8-KResults of a shareholder vote
May 18, 2026 - 8-KEntry into a material agreement
May 13, 2026 - 8-KOther events
May 5, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 24, 2026