What is Las Vegas Sands's market cap?

Las Vegas Sands (LVS) has a market capitalization of $30.6B and trades on NYSE.

What is Las Vegas Sands's revenue and profitability?

Las Vegas Sands generated $13.7B in trailing twelve-month revenue with net income of $1.8B, representing a net margin of 13.4%, with free cash flow of $2.4B. These figures are based on the Q1 2026 filing.

Who are Las Vegas Sands's competitors?

Las Vegas Sands's key competitors include Wynn Resorts, Limited, MGM Resorts International, Melco Resorts & Entertainment, and others. These companies compete in similar markets and product categories.

Who does Las Vegas Sands partner with?

Las Vegas Sands's notable partners include Four Seasons Hotels and Resorts.

What subsidiaries does Las Vegas Sands have?

Las Vegas Sands's subsidiaries include Sands China Ltd., The Venetian Macao, Marina Bay Sands.

Where is Las Vegas Sands headquartered?

Las Vegas Sands is headquartered in United States of America and employs approximately 38,700 people. It has been publicly traded since 2004.

Las Vegas Sands

LVS

Las Vegas Sands Corp. is a leading global developer and operator of high-end Integrated Resorts that combine luxury accommodations with gaming, entertainment, and extensive commercial facilities.

Market cap

$30.61B-10.2%

Revenue$13.7B+22.7%

Net income$1.8B+41.3%

Free cash flow$2.4B+85.9%

EPS (diluted)$2.70+50.0%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 22, 2026

Revenue$3.6BBeat by $223.1M EPS$0.91Beat by $0.15

Read the full report

Next report

Jul 22, 2026 (In 1 week)

Revenue estimate$3.4B

EPS estimate$0.78

Financials

Q1 2026

Income statement

See full

Revenue$3.6B+25.3%

Operating income$904.0M+48.4%

Net income$567.0M+61.1%

EPS (diluted)$0.85+73.5%

Balance sheet

See full

Cash & equivalents$3.5B+9.3%

Total debt$17.5B+4.2%

Total equity$1.2B-55.6%

Total assets$21.2B-0.3%

Cash flow

See full

Operating cash flow$731.0M+39.0%

CapEx$194.0M-48.8%

Free cash flow$537.0M+265%

Valuation & ratios

Valuation

See full

Market cap$30.61B-10.2%

Enterprise value$44.7B-5.4%

P/E16.6×-7.5×

P/S2.2×-0.7×

Profitability

See full

Operating margin22.7%+2.2pp

Net margin13.4%+1.8pp

FCF margin17.1%+5.8pp

Returns & leverage

See full

Return on equity94.5%+55.3pp

Debt / equity14.6×+8.4×

Current ratio0.9×+0.3×

Segments

By product

See full

Casino$2.7B+28.8%

Rooms$377.0M+16.4%

Mall$204.0M+9.7%

Food and Beverage$176.0M+24.8%

By geography

See full

Macao$2.1B+23.5%

Singapore$1.5B+27.9%

United States-$87.0M-42.6%

Competitors

By market cap

Las Vegas Sands$30.6B-10.2%

MGM Resorts International$11.9B+16.5%

Wynn Resorts$10.2B-8.0%

Caesars Entertainment, Inc.$6.1B-1.7%

Red Rock Resorts, Inc.$3.7B+12.6%

BAL

Bally's$599.6M+9.5%

FLL

Full House Resorts$97.6M-35.1%

Century Casinos$36.0M-48.5%

By revenue growth

BAL

Bally's+105%

Las Vegas Sands+22.7%

Wynn Resorts+4.7%

Red Rock Resorts, Inc.+3.8%

MGM Resorts International+3.4%

Caesars Entertainment, Inc.+2.4%

FLL

Full House Resorts+1.5%

By net margin

Las Vegas Sands13.41%+1.8pp

Red Rock Resorts, Inc.9.21%+1.2pp

Wynn Resorts5.14%-1.0pp

MGM Resorts International1.03%-2.9pp

Caesars Entertainment, Inc.-4.19%-2.0pp

FLL

Full House Resorts-12.79%+0.4pp

BAL

Bally's-25.33%-9.0pp

Profile

Las Vegas Sands Corp. is a leading global developer and operator of high-end Integrated Resorts that combine luxury accommodations with gaming, entertainment, and extensive commercial facilities. The company focuses on creating large-scale destination properties that serve as major hubs for both leisure tourism and business conventions in key Asian markets. Its value proposition centers on a multi-faceted business model that integrates gaming revenue with premium non-gaming amenities like retail malls and MICE facilities.

Competitive position

A dominant global leader in the Integrated Resort industry with a significant footprint in the high-growth Asian gaming markets.

GeographiesMacao, Singapore, China

Customer segmentsMass market, Premium mass, VIP/High-net-worth, Business and MICE travelers

Business modelIntegrated Resort Model, B2C Gaming and Hospitality, B2B MICE and Leasing

SuppliersGaming equipment manufacturers, Food and beverage suppliers, Construction and architectural firms, Energy and utility providers

CustomersIndividual leisure travelers, Corporate event planners, Luxury retail brands, Junket operators

CountryUnited States of America

Listed2004

Employees38.7K

CEOPatrick Dumont

SectorConsumer Cyclical

IndustryGambling, Resorts & Casinos

Websitesands.com

FilingsSEC EDGAR

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Questions, answered.

What is Las Vegas Sands's market cap?: Las Vegas Sands (LVS) has a market capitalization of $30.6B and trades on NYSE.
What is Las Vegas Sands's revenue and profitability?: Las Vegas Sands generated $13.7B in trailing twelve-month revenue with net income of $1.8B, representing a net margin of 13.4%, with free cash flow of $2.4B. These figures are based on the Q1 2026 filing.
Who are Las Vegas Sands's competitors?: Las Vegas Sands's key competitors include Wynn Resorts, Limited, MGM Resorts International, Melco Resorts & Entertainment, and others. These companies compete in similar markets and product categories.
Who does Las Vegas Sands partner with?: Las Vegas Sands's notable partners include Four Seasons Hotels and Resorts.
What subsidiaries does Las Vegas Sands have?: Las Vegas Sands's subsidiaries include Sands China Ltd., The Venetian Macao, Marina Bay Sands.
Where is Las Vegas Sands headquartered?: Las Vegas Sands is headquartered in United States of America and employs approximately 38,700 people. It has been publicly traded since 2004.