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Las Vegas Sands LVS Casino — Net revenues

Other product segments

Rooms
$377M+16.4%
Mall
$204M+9.7%
Food and Beverage
$176M+24.8%

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Other financials

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

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Market cap$31.22B+3.7%
Enterprise value$45.32B+4.7%
P/E17×-4.4×
P/S2.3×-0.3×

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×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

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 casino — net revenues?
Las Vegas Sands (LVS) reported casino — net revenues of $2.74B in Q1 2026.
How has Las Vegas Sands's casino — net revenues changed year-over-year?
Las Vegas Sands's casino — net revenues increased by 28.8% year-over-year, from $2.13B to $2.74B.
What is the long-term trend for Las Vegas Sands's casino — net revenues?
Over 3 years (2021 to 2025), Las Vegas Sands's casino — net revenues has grown at a 180.6% compound annual growth rate (CAGR), from $443M to $9.79B.
What does casino — net revenues mean?
Represents the total revenue generated from gaming operations after deducting promotional allowances and gaming taxes. This metric reflects the core performance of the casino segment, capturing the volume and win rate of gaming activities across all integrated resort properties. It serves as a primary indicator of the company's ability to attract gaming patrons and monetize gaming floor activity.