Income StatementBalance SheetCash FlowSegments
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Las Vegas Sands Income Statement

Revenue, expenses, and profitability over time

Las Vegas Sands generated $13.7B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $1.8B with a 13.41% net margin. Diluted EPS is $2.70, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$13.7BOperating Income (TTM)$3.1BNet Income (TTM)$1.8BEps Diluted (TTM)$2.70
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$33.6B
P/E Ratio18.22
ROE94.53%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$348.0M$362.0M$371.0M$368.0M$363.0M$357.0M
Other Segment Items—-$1.0M-$22.0M$11.0M-$3.0M-$3.0M
Amortization of leasehold interests in land$15.0M$15.0M$20.0M$21.0M$20.0M$21.0M
Corporate$75.0M$73.0M$69.0M$78.0M$90.0M$83.0M
Pre-opening expenses$4.0M$4.0M$9.0M$7.0M$4.0M$4.0M
Pre-opening costs$4.0M$4.0M$9.0M$7.0M$4.0M$4.0M
Provision for credit losses$9.0M$5.0M$16.0M$18.0M$46.0M$29.0M
Research and development$59.0M$69.0M$69.0M$72.0M$59.0M$41.0M
Selling, general and administrative$303.0M$273.0M$292.0M$308.0M$315.0M$302.0M
Total operating expenses$2.3B$2.3B$2.4B$2.6B$2.9B$2.7B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.45$0.49$0.66$0.61$0.59$0.85
Diluted earnings per share$0.45$0.49$0.66$0.61$0.58$0.85
Weighted-average shares, basic—712M695M682M—669M
Weighted-average shares, diluted—713M696M685M—671M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges—-$1.0M-$22.0M$11.0M-$3.0M-$3.0M
Interest expense$180.0M$174.0M$194.0M$187.0M$191.0M$188.0M
Loss on modification or early retirement of debt$0.0-$5.0M$0.0$0.0$0.0$0.0
Other income (expense), net—-$1.0M-$22.0M$11.0M-$3.0M-$3.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$461.0M$471.0M$609.0M$582.0M$551.0M$748.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$69.0M$63.0M$90.0M$91.0M$103.0M$107.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$324.0M$352.0M$461.0M$419.0M$395.0M$567.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$590.0M$609.0M$783.0M$719.0M$707.0M$904.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest income$57.0M$42.0M$42.0M$39.0M$38.0M$35.0M
Other income, net (Note 6)—-$1.0M-$22.0M$11.0M-$3.0M-$3.0M
Net additions (releases) charged to costs and expenses$9.0M$5.0M$16.0M$18.0M$46.0M$29.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$2.9B$2.9B$3.2B$3.3B$3.6B$3.6B