How has Las Vegas Sands's software and technology licenses, net changed year-over-year?

Las Vegas Sands's software and technology licenses, net decreased by 16.5% year-over-year, from $442M to $369M.

What is the long-term trend for Las Vegas Sands's software and technology licenses, net?

Over 5 years (2020 to 2025), Las Vegas Sands's software and technology licenses, net has grown at a 11.8% compound annual growth rate (CAGR), from $221M to $386M.

Las Vegas Sands LVS Software and Technology Licenses, Net

Software and Technology Licenses, Net at other companies

MGM Resorts InternationalMGM

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Wynn ResortsWYNN

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Caesars Entertainment, Inc.CZR

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BAL

Bally'sBALY

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Red Rock Resorts, Inc.RRR

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Monarch Casino & ResortMCRI

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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$30.61B+1.0%

Enterprise value$44.7B+2.8%

P/E16.6×-4.8×

P/S2.2×-0.4×

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:OtherAssetsNoncurrent.

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 software and technology licenses, net?: Las Vegas Sands (LVS) reported software and technology licenses, net of $369M in Q1 2026.
How has Las Vegas Sands's software and technology licenses, net changed year-over-year?: Las Vegas Sands's software and technology licenses, net decreased by 16.5% year-over-year, from $442M to $369M.
What is the long-term trend for Las Vegas Sands's software and technology licenses, net?: Over 5 years (2020 to 2025), Las Vegas Sands's software and technology licenses, net has grown at a 11.8% compound annual growth rate (CAGR), from $221M to $386M.