lvs: the income statement

MyFinsight

For the quarter ending 2025-09-30, LVS made $3,331M in revenue. $419M in net income. Net profit margin of 12.58%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Net revenues	3,331	3,175	2,862	2,682
Cost of revenue-Casino	1,353	1,242	1,157	1,120
Cost of revenue-Occupancy	89	87	81	79
Cost of revenue-Food And Beverage	144	130	126	129
Cost of revenue-Mall	25	22	22	23
Cost of revenue-Product And Service Other	61	57	59	62
Provision for (recovery of) credit losses	18	16	5	-5
General and administrative	308	292	273	293
Corporate	78	69	73	68
Pre-opening	7	9	4	4
Development	72	69	69	55
Depreciation and amortization	368	371	362	324
Amortization of leasehold interests in land	21	20	15	15
Loss on disposal or impairment of assets	-68	-8	-7	-11
Total operating expenses	2,612	2,392	2,253	2,178
Operating income	719	783	609	504
Interest income	39	42	42	67
Interest expense, net of amounts capitalized	187	194	174	179
Other income (expense)	11	-22	-1	11
Loss on modification or early retirement of debt	0	0	-5	-
Income before income taxes	582	609	471	403
Income tax expense	91	90	63	50
Net income	491	519	408	353
Net income attributable to noncontrolling interests	72	58	56	78
Net income attributable to las vegas sands corp	419	461	352	275

Basic (in shares)	682,000,000	695,000,000	712,000,000	730,000,000
Basic (in usd per share)	0.61	0.66	0.49	0.38
Diluted (in shares)	685,000,000	696,000,000	713,000,000	731,000,000
Diluted (in usd per share)	0.61	0.66	0.49	0.38