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Las Vegas Sands LVS Rooms — Cost of revenue

Other product segments

Casino
$1.51B+30.1%
Food and Beverage
$149M+18.3%
Mall
$25M+13.6%

Similar metrics at other companies

Red Rock Resorts, Inc. logo
RRRRoom — Operating costs and expenses
$15.6M-2.4%
PK
PKRooms — Cost of Goods Sold
$97M-3.0%
MGM Resorts International logo
MGMRooms — Cost of Sales
$285.28M+1.6%
Wynn Resorts logo
WYNNRooms — Cost of Goods Sold
$89.79M+6.8%
RLJ Lodging Trust logo
RLJRoom Revenue — Operating Expenses
$72.73M+2.7%
Xenia Hotels & Resorts logo
XHRRooms expenses — Expenses
$39.36M+0.1%

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 rooms — cost of revenue?
Las Vegas Sands (LVS) reported rooms — cost of revenue of $92M in Q1 2026.
How has Las Vegas Sands's rooms — cost of revenue changed year-over-year?
Las Vegas Sands's rooms — cost of revenue increased by 13.6% year-over-year, from $81M to $92M.
What is the long-term trend for Las Vegas Sands's rooms — cost of revenue?
Over 4 years (2021 to 2025), Las Vegas Sands's rooms — cost of revenue has grown at a 21.0% compound annual growth rate (CAGR), from $164M to $352M.
What does rooms — cost of revenue mean?
This metric captures the direct operating expenses associated with providing hotel room services, including housekeeping labor, laundry, room amenities, and maintenance costs. It excludes indirect corporate overheads and depreciation, focusing specifically on the variable and fixed costs required to maintain and service guest rooms. Monitoring this helps evaluate the operational efficiency and margin profile of the lodging segment.