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Las Vegas Sands LVS Convention, Retail and Other — Cost of revenue

Other product segments

Casino
$1.51B+30.1%
Food and Beverage
$149M+18.3%
Rooms
$92M+13.6%
Mall
$25M+13.6%

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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:CostOfRevenue.

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 convention, retail and other — cost of revenue?
Las Vegas Sands (LVS) reported convention, retail and other — cost of revenue of $65M in Q1 2026.
How has Las Vegas Sands's convention, retail and other — cost of revenue changed year-over-year?
Las Vegas Sands's convention, retail and other — cost of revenue increased by 10.2% year-over-year, from $59M to $65M.
What is the long-term trend for Las Vegas Sands's convention, retail and other — cost of revenue?
Over 4 years (2021 to 2025), Las Vegas Sands's convention, retail and other — cost of revenue has grown at a 32.5% compound annual growth rate (CAGR), from $85M to $262M.
What does convention, retail and other — cost of revenue mean?
This metric captures the direct costs associated with operating convention facilities, managing retail spaces, and providing other ancillary services. It includes labor, maintenance, utilities, and other operational expenses required to support these non-gaming revenue segments.