For the year ending 2025-12-31, LVS made $13,017M in revenue. $1,627M in net income. Net profit margin of 12.50%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net revenues | 13,017 | 11,298 | 10,372 | 4,110 |
| Cost of revenue-Casino | 5,268 | 4,611 | 4,152 | 1,792 |
| Cost of revenue-Occupancy | 352 | 313 | 283 | 173 |
| Cost of revenue-Food And Beverage | 562 | 512 | 481 | 319 |
| Cost of revenue-Mall | 92 | 87 | 88 | 73 |
| Cost of revenue-Product And Service Other | 262 | 254 | 201 | 103 |
| Provision for credit losses | 85 | 19 | 4 | 15 |
| General and administrative | 1,188 | 1,150 | 1,107 | 936 |
| Corporate | 310 | 290 | 230 | 235 |
| Pre-opening | 24 | 14 | 15 | 13 |
| Development | 269 | 228 | 205 | 143 |
| Depreciation and amortization | 1,464 | 1,308 | 1,208 | 1,036 |
| Amortization of leasehold interests in land | 76 | 60 | 58 | 55 |
| Loss on disposal or impairment of assets | -247 | -50 | -27 | -9 |
| Total operating expenses | 10,199 | 8,896 | 8,059 | 4,902 |
| Operating income | 2,818 | 2,402 | 2,313 | -792 |
| Interest income | 161 | 275 | 288 | 116 |
| Interest expense, net of amounts capitalized | 746 | 727 | 818 | 702 |
| Other income (expense) | -15 | 10 | -8 | -9 |
| Gain (loss) on modification or early retirement of debt | -5 | - | 0 | 0 |
| Income before income taxes | 2,213 | 1,960 | 1,775 | -1,387 |
| Income tax expense | 347 | 208 | 344 | 154 |
| Net income (loss) from continuing operations | - | 1,752 | 1,431 | -1,541 |
| Income from operations of discontinued operations, net of tax | - | 0 | 0 | 46 |
| Gain on disposal of discontinued operations, net of tax | - | 0 | 0 | 2,861 |
| Adjustment to gain on disposal of discontinued operations, net of tax | - | 0 | 0 | -9 |
| Net income (loss) from discontinued operations | - | 0 | 0 | 2,898 |
| Net income | 1,866 | 1,752 | 1,431 | 1,357 |
| Net income attributable to noncontrolling interests | 239 | 306 | 210 | -475 |
| Net income attributable to las vegas sands corp | 1,627 | 1,446 | 1,221 | 1,832 |
| Basic EPS | 2.35 | 1.97 | 1.6 | 2.4 |
| Diluted EPS | 2.35 | 1.96 | 1.6 | 2.4 |
| Basic Average Shares | 691,000,000 | 735,000,000 | 763,000,000 | 764,000,000 |
| Diluted Average Shares | 693,000,000 | 737,000,000 | 765,000,000 | 764,000,000 |
LAS VEGAS SANDS CORP (LVS)
LAS VEGAS SANDS CORP (LVS)