What is Las Vegas Sands's pre-tax income?

Las Vegas Sands (LVS) reported pre-tax income of $748M in Q1 2026.

How has Las Vegas Sands's pre-tax income changed year-over-year?

Las Vegas Sands's pre-tax income increased by 58.8% year-over-year, from $471M to $748M.

What is the long-term trend for Las Vegas Sands's pre-tax income?

Over 4 years (2021 to 2025), Las Vegas Sands's pre-tax income has grown at a 10.7% compound annual growth rate (CAGR), from -$1.47B to $2.21B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Las Vegas Sands LVS Pre-Tax Income

Pre-Tax Income at other companies

MGM Resorts InternationalMGM

$202.25M-24.2%

Wynn ResortsWYNN

$160.67M+73.8%

BAL

Bally'sBALY

-$164.11M-162%

FLL

Full House ResortsFLL

-$8.03M+16.0%

Red Rock Resorts, Inc.RRR

$95.85M-3.0%

Monarch Casino & ResortMCRI

$35.54M+38.7%

Other financials

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

See full

Market cap$30.61B+1.0%

Enterprise value$44.7B+2.8%

P/E16.6×-4.8×

P/S2.2×-0.4×

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×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Las Vegas Sands’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Las Vegas Sands's pre-tax income?: Las Vegas Sands (LVS) reported pre-tax income of $748M in Q1 2026.
How has Las Vegas Sands's pre-tax income changed year-over-year?: Las Vegas Sands's pre-tax income increased by 58.8% year-over-year, from $471M to $748M.
What is the long-term trend for Las Vegas Sands's pre-tax income?: Over 4 years (2021 to 2025), Las Vegas Sands's pre-tax income has grown at a 10.7% compound annual growth rate (CAGR), from -$1.47B to $2.21B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.