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Las Vegas Sands LVS Mall — Cost of revenue

Other product segments

Casino
$1.51B+30.1%
Food and Beverage
$149M+18.3%
Rooms
$92M+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 mall — cost of revenue?
Las Vegas Sands (LVS) reported mall — cost of revenue of $25M in Q1 2026.
How has Las Vegas Sands's mall — cost of revenue changed year-over-year?
Las Vegas Sands's mall — cost of revenue increased by 13.6% year-over-year, from $22M to $25M.
What is the long-term trend for Las Vegas Sands's mall — cost of revenue?
Over 4 years (2021 to 2025), Las Vegas Sands's mall — cost of revenue has grown at a 9.1% compound annual growth rate (CAGR), from $65M to $92M.
What does mall — cost of revenue mean?
Includes the direct costs associated with operating and maintaining the retail mall space, such as utilities, security, cleaning, and property management expenses. This metric is essential for calculating the gross margin of the retail leasing business.