What is Las Vegas Sands's macao — net revenues?

Las Vegas Sands (LVS) reported macao — net revenues of $2.1B in Q1 2026.

How has Las Vegas Sands's macao — net revenues changed year-over-year?

Las Vegas Sands's macao — net revenues increased by 23.5% year-over-year, from $1.7B to $2.1B.

What does macao — net revenues mean?

This metric captures the total revenue generated by the company's Macao operations after deducting promotional allowances and other contra-revenue items. It represents the top-line performance of the segment, reflecting the demand for gaming, hotel, retail, and convention services. It is the primary indicator of market share and consumer activity in the region.

Las Vegas Sands LVS Macao — Net revenues

Other geography segments

Singapore

$1.49B+27.9%

United States

-$87M-42.6%

Similar metrics at other companies

WYNNTotal Macau Operations — Total operating revenues

$659.34M+23.0%

LULUHong Kong SAR, Taiwan, and Macau SAR — Net revenue

$51.41M+16.6%

CZRCasino — Net revenues

$1.67B+4.5%

RRRCasino — Net revenues

$340.52M+2.2%

WYNNMacau Operations — Number of restaurants

12-14.3%

CHDNGaming — Net revenue

$257M-2.3%

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$31.22B+3.7%

Enterprise value$45.32B+4.7%

P/E17×-4.4×

P/S2.3×-0.3×

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: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 macao — net revenues?: Las Vegas Sands (LVS) reported macao — net revenues of $2.1B in Q1 2026.
How has Las Vegas Sands's macao — net revenues changed year-over-year?: Las Vegas Sands's macao — net revenues increased by 23.5% year-over-year, from $1.7B to $2.1B.
What does macao — net revenues mean?: This metric captures the total revenue generated by the company's Macao operations after deducting promotional allowances and other contra-revenue items. It represents the top-line performance of the segment, reflecting the demand for gaming, hotel, retail, and convention services. It is the primary indicator of market share and consumer activity in the region.