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Las Vegas Sands LVS Rooms — Net revenues

Other product segments

Casino
$2.74B+28.8%
Mall
$204M+9.7%
Food and Beverage
$176M+24.8%

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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: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 rooms — net revenues?
Las Vegas Sands (LVS) reported rooms — net revenues of $377M in Q1 2026.
How has Las Vegas Sands's rooms — net revenues changed year-over-year?
Las Vegas Sands's rooms — net revenues increased by 16.4% year-over-year, from $324M to $377M.
What is the long-term trend for Las Vegas Sands's rooms — net revenues?
Over 3 years (2021 to 2025), Las Vegas Sands's rooms — net revenues has grown at a 46.3% compound annual growth rate (CAGR), from $454M to $1.42B.
What does rooms — net revenues mean?
This metric represents the total revenue generated from hotel room operations after accounting for discounts, allowances, and promotional room nights. It reflects the core lodging performance of the integrated resort properties, excluding revenue from gaming, food and beverage, or retail operations. This is a primary indicator of the company's ability to drive occupancy and maintain premium average daily rates within its hospitality portfolio.