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Las Vegas Sands LVS Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$3.6BBeat by $223.1M
EPS$0.91Beat by $0.15
Revenue estimate$3.4B
EPS estimate$0.76

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$3.4B
EPS estimate$0.77

Financials

Q1 2026

Income statement

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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

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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

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Operating cash flow$731.0M+39.0%
CapEx$194.0M-48.8%
Free cash flow$537.0M+265%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$36.2B+30.9%
Enterprise value$50.3B+21.7%
P/E19.7×-1.6×
P/S2.6×+0.2×

Profitability

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Operating margin22.7%+2.2pp
Net margin13.4%+1.8pp
FCF margin17.1%+5.8pp

Returns & leverage

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Return on equity94.5%+55.3pp
Debt / equity14.6×+8.4×
Current ratio0.9×+0.3×

Segments

By product

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Casino$2.7B+28.8%
Rooms$377.0M+16.4%
Mall$204.0M+9.7%
Food and Beverage$176.0M+24.8%

By geography

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Macao$2.1B+23.5%
Singapore$1.5B+27.9%
United States-$87.0M-42.6%

FAQ

When did Las Vegas Sands report Q1 2026 earnings?
Las Vegas Sands (LVS) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Las Vegas Sands's Q1 2026 revenue and EPS?
Las Vegas Sands reported revenue of $3.6B and eps of $0.91 for Q1 2026.
Did Las Vegas Sands beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.4B by $223.1M. EPS beat the consensus estimate of $0.76 by $0.15.
How did Las Vegas Sands's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 25.3% from $2.9B a year earlier and eps grew 54.2% from $0.59.
Where can I find Las Vegas Sands's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001300514-26-000039) and the 10-Q periodic report (0001300514-26-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.