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Las Vegas Sands LVS Macao — Non-gaming financial concession commitment

Similar metrics at other companies

Wynn Resorts logo
WYNNTotal Macau Operations — Segment, Expenditure, Addition to Long-Lived Assets
$90.94M+38.7%
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MGMNon-Gaming Projects — Investment in gaming and non-gaming projects and development of international tourist markets
$4.5B+20.0%
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MGMMGM China — CapEx
$42.15M-29.4%
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WYNNTotal Macau Operations — Gaming taxes
$303.21M+28.3%
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WYNNTotal Macau Operations — Total operating revenues
$659.34M+23.0%
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WYNNTotal Macau Operations — Total Assets
$5.05B+0.5%

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 lvs:NonGamingFinancialConcessionCommitment.

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 — non-gaming financial concession commitment?
Las Vegas Sands (LVS) reported macao — non-gaming financial concession commitment of $33.39B in Q1 2026.
What does macao — non-gaming financial concession commitment mean?
The specific portion of a gaming concession agreement dedicated to non-gaming capital investments, such as tourism infrastructure, convention facilities, or entertainment venues. This metric tracks the company's progress toward fulfilling government-mandated diversification goals. It is a key indicator of the company's long-term capital commitment to non-gaming revenue streams.