LVS

LAS VEGAS SANDS CORP

Ticker: LVSConsumer DiscretionaryServicesS&P 500
HQ LAS VEGAS, NVCIK 1300514FY end 12-31Book / share $0.88Shares 663M
Revenue (FY)
$13.02B+15.22%
TTM $13.72B
Op. margin
21.65%+0.39%
TTM 21.49%
Net income
$1.87B+6.51%
TTM $1.95B
Operating cash
$3.02B-5.65%
TTM $3.73B
Free cash flow
$1.85B+13.32%
TTM $2.70B
Return on equity
115.96%+64.28%
TTM 297.25%
Debt / equity
9.93+5.16%
TTM 26.27
Shares outstanding
693.0M-5.97%
TTM 663.0M

The business

Las Vegas Sands Corp. (NYSE: LVS) is a Fortune 500 company and the leading global developer and operator of destination integrated resorts featuring premium accommodations, world-class gaming, entertainment, retail malls, convention facilities, restaurants and other amenities. The company operates through two primary geographic segments: Macao and Singapore.

In Macao, Las Vegas Sands operates through its 74.80% ownership of Sands China Ltd., which owns and operates five integrated resorts: The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao. These properties collectively feature approximately 1,678 table games and 3,700 slot machines and electronic table games across roughly 1.5 million square feet of gaming space, complemented by approximately 2.9 million square feet of retail mall space, extensive convention facilities totaling approximately 2.8 million square feet globally, and thousands of hotel rooms and suites. In Singapore, the company operates Marina Bay Sands, an iconic integrated resort featuring 1,844 rooms including 775 suites, approximately 157,000 square feet of gaming space with 568 table games and 3,000 slot machines and electronic table games, and approximately 794,000 square feet of retail space.

The company directly employs approximately 41,500 employees worldwide, with approximately 49% female representation. Las Vegas Sands generates revenue from diversified sources including gaming, hotel accommodations, retail mall operations, food and beverage, entertainment, and convention and meeting facilities. The company maintains a strategic focus on the higher-margin mass market gaming segment while providing luxury amenities and services to VIP and premium players. Macao contributed 44% of total adjusted property EBITDA while Singapore contributed 56% during 2025.

Las Vegas Sands operates under a ten-year gaming concession in Macao expiring in December 2032 and a thirty-year casino concession in Singapore. The company is committed to sustainability through its Sands ECO360 environmental program and maintains approximately 2.9 million square feet of retail space featuring premium international brands. The company's website is www.sands.com.

Sector
Consumer Discretionary
Industry
Services
HQ
LAS VEGAS, NV
FY end
12-31
CIK
1300514
SIC
7011
Financial performance · annual
20132025
$-3.82B$1.20B$6.22B$11.24B$16.26B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds LAS VEGAS SANDS CORP — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

675
funds hold it
0 of 35
superinvestors hold it
$5.05B
fund-held value
16.2%
of shares held by funds
14
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%$437.27M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.02%$356.78M
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.13%$298.44M
VANGUARD GROWTH INDEX FUND
VUG · VANGUARD INDEX FUNDS
0.05%$207.15M
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.02%$195.66M

Bonds held by funds

Funds report holding 14 issues of LAS VEGAS SANDS CORP's debt, $2.26B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.89%, maturing 20262034.

IssueCouponMaturesFundsFund-held
SANDS CHINA LTD SR UNSEC 5.4% 08-08-285.400%Variable2028-08-0897$373.54M
LVS 5.625 06/15/285.625%2028-06-15144$303.47M
Las Vegas Sands Corp5.900%2027-06-0193$209.51M
LAS VEGAS SANDS CORP3.900%2029-08-0882$163.62M
Las Vegas Sands Corp.6.000%2029-08-1577$158.23M
SANLTD 2.85 03/08/292.850%2029-03-0852$147.87M
Sands China Ltd4.375%2030-06-1857$147.13M
LAS VEGAS SAN6.200%2034-08-1567$145.79M
LVS 3.5 08/18/263.500%2026-08-1828$142.78M
Las Vegas Sands Corp6.000%2030-06-1492$123.07M

The 10 largest by fund-held value, of 14.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of LAS VEGAS SANDS CORP's financials

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