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Las Vegas Sands LVS Macao — Total Costs & Expenses

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Other financials

Income statement

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Revenue$3.2B-0.7%
Operating income$618.0M-21.1%
Net income$346.0M-24.9%
EPS (diluted)$0.53-19.7%

Balance sheet

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Cash & equivalents$3.5B-2.1%
Total debt$16.8B+0.5%
Total equity$581.0M-70.8%
Total assets$19.9B-8.9%

Cash flow

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Operating cash flow$682.0M+283%
CapEx$332.0M+16.1%
Free cash flow$350.0M

Valuation

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Market cap$29.7B-17.9%
Enterprise value$43.03B-12.8%
P/E17.2×-8.4×
P/S2.2×-0.9×

Profitability

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Operating margin21.5%+0.1pp
Net margin12.6%+0.4pp
FCF margin19.7%+13.4pp

Returns & leverage

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Return on equity134.3%+85.1pp
Debt / equity29×+20.6×
Current ratio-0.2×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept us-gaap:CostsAndExpenses.

The source filing: Las Vegas Sands’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001300514-26-000085
Line itemThe Venetian MacaoThe Londoner MacaoThe Parisian MacaoThe Plaza Macao and Four Seasons MacaoSands MacaoFerry Operations and OtherTotal MacaoMarina Bay SandsInter-company RoyaltiesTotal
Payroll and related expenses11711651302812354207561
Gaming taxes227301875942716249965
Other expenses(1)821014228142329023583608
Segment expenses42651818011784351,360691832,134
Segment/Consolidated adjusted property EBITDA$165$192$38$20$11$4$430$689$1,119
Other Operating Costs and Expenses
Stock-based compensation(2)(6)
Corporate(74)

Item 1. Financial Statements (unaudited)

FAQ

What is Las Vegas Sands's macao — total costs & expenses?
Las Vegas Sands (LVS) reported macao — total costs & expenses of $1.36B in Q2 2026.
What does macao — total costs & expenses mean?
This metric aggregates all operating costs and expenses incurred by the Macao segment, including gaming taxes, property operations, payroll, and general administrative costs. It serves as a primary indicator of the operational efficiency and cost structure of the company's integrated resort portfolio in the region. Tracking this metric is essential for calculating segment-level operating margins and understanding the impact of inflationary pressures or operational scaling on profitability.

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