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Companies / Consumer Discretionary / Las Vegas Sands
LVS

Las Vegas Sands

Consumer DiscretionaryServicesS&P 500
Ticker LVSLAS VEGAS, NVFiscal year ends DecemberBook value per share $-0.53Diluted shares 655.0M

Las Vegas Sands Corp. (NYSE: LVS) develops and operates destination resorts in Macao and Singapore, combining casinos with hotels, retail malls, restaurants, entertainment venues, and convention and exhibition facilities. Its customers include leisure and business travelers, convention and trade-show organizers,… From the company’s description.

In fiscal 2025, Las Vegas Sands reported revenue of $13.02B, up 15.2% from fiscal 2024, and net income of $1.87B. Its operating margin was 21.6%, and operations generated $3.02B in cash. Over the twelve months to Sep 30, 2026, revenue was $13.60B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$13.02BFY2025
+15.2% year over year
Last 12 mo $13.60B
21.65%FY2025
+0.4 percentage points
Last 12 mo 20.93%
$1.87BFY2025
+6.5% year over year
Last 12 mo $1.81B
115.43%FY2025
+63.7 percentage points
Last 12 mo -468.60%
Cash & financing
$3.02BFY2025
−5.6% year over year
Last 12 mo $3.49B
$1.85BFY2025
+13.3% year over year
Last 12 mo $2.41B
9.93FY2025
Was 4.77× a year earlier
Last 12 mo -44.90
693.0MFY2025
−6.0% year over year
Last 12 mo 655.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Las Vegas Sands does

In the company’s own words

Las Vegas Sands Corp. (NYSE: LVS) develops and operates destination resorts in Macao and Singapore, combining casinos with hotels, retail malls, restaurants, entertainment venues, and convention and exhibition facilities. Its customers include leisure and business travelers, convention and trade-show organizers, mass-market and premium gaming customers, and VIP patrons. The company operates through resort-based segments: in Macao, The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao; in Singapore, Marina Bay Sands. It also has ferry and other ancillary operations in Macao. Through its 74.8% ownership of Sands China Ltd., it operates the Macao resorts, while Marina Bay Sands is its Singapore property. Major brands include The Venetian Macao, The Londoner Macao, The Parisian Macao, Marina Bay Sands, and Paiza for exclusive facilities. In fiscal 2025, the company employed approximately 41,500 people worldwide and operated about 2.9 million square feet of retail space. Its website is www.sands.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Services
Headquarters
LAS VEGAS, NV
Fiscal year end
December
CIK
1300514
SIC
7011

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.82B$1.20B$6.22B$11.24B$16.26B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Las Vegas Sands — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

675
funds hold it
0 of 35
superinvestors hold it
$5.05B
held by funds, at market
16.7%
of shares held by funds
14
bond issues held by funds

Largest fund holders · Las Vegas Sands’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.13%of fund net assets
VANGUARD GROWTH INDEX FUND
VUG · VANGUARD INDEX FUNDS
0.05%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Las Vegas Sands’s bonds, as funds hold them

Funds report holding 14 issues of Las Vegas Sands’s debt, $2.26B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.05%, maturing 2026 to 2034.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Las Vegas Sands and its peers compare on margins and cash generation over ten years?”
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