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Las Vegas Sands LVS Food and Beverage — Cost of revenue

Other product segments

Casino
$1.51B+30.1%
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 food and beverage — cost of revenue?
Las Vegas Sands (LVS) reported food and beverage — cost of revenue of $149M in Q1 2026.
How has Las Vegas Sands's food and beverage — cost of revenue changed year-over-year?
Las Vegas Sands's food and beverage — cost of revenue increased by 18.3% year-over-year, from $126M to $149M.
What is the long-term trend for Las Vegas Sands's food and beverage — cost of revenue?
Over 4 years (2021 to 2025), Las Vegas Sands's food and beverage — cost of revenue has grown at a 23.2% compound annual growth rate (CAGR), from $244M to $562M.
What does food and beverage — cost of revenue mean?
This metric measures the direct costs associated with providing food and beverage services, including the cost of raw ingredients, labor for kitchen and service staff, and related operational expenses. It reflects the efficiency of the supply chain and the management of variable costs in the hospitality segment. Monitoring this cost helps assess the profitability margins of the dining operations within the broader resort ecosystem.