FY2025 · ended Dec 31, 2025 · Revenue $13.02B, +15.2% YoY · Filed Feb 6, 2026
Las Vegas Sands Corp (LVS) files with the SEC under industry code 7011, Hotels & Motels. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $13.0 billion and net income of $1.6 billion. Free cash flow was $1.9 billion. As of Sep 30, 2026 it held $2.9 billion in cash and investments and $13.9 billion in total debt.
Revenue (TTM)
$13.60B
+10.9% vs year-ago TTM
Net income (TTM)
$1.61B
+3.6% vs year-ago TTM
Operating cash flow (TTM)
$3.49B
Free cash flow (TTM)
$2.41B
EPS (TTM)
$2.44
+10.4% vs year-ago TTM
Dividend per share (TTM)
$1.15
+21.1% vs year-ago TTM
Shares outstanding
671.91M
-6.1% vs prior year
Net cash
$-11.02B
as of Sep 30, 2026
Operating margin
20.9%
FY 2026
Company profile
- Industry
- Hotels & Motels (SIC 7011)
- Listed as
- LVS (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Las Vegas, NV
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1300514
Other Hotels & Motels companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $13.0B | $11.3B | $10.4B | $4.1B | $4.2B |
| Operating income | $2.8B | $2.4B | $2.3B | -$792.0M | -$689.0M |
| Net income | $1.6B | $1.4B | $1.2B | $1.8B | -$961.0M |
| Diluted EPS | $2.35 | $1.96 | $1.60 | $2.40 | -$1.26 |
| Operating cash flow | $3.0B | — | — | — | — |
| Free cash flow | $1.9B | — | — | — | — |
| Total assets | $21.9B | $20.7B | $21.8B | $22.0B | $20.1B |
| Total liabilities | $20.0B | $17.5B | $17.7B | $18.4B | $17.8B |
| Stockholders' equity | $1.6B | $2.9B | $4.1B | $3.9B | $2.0B |
| Cash and investments | $3.8B | $3.6B | $5.1B | $6.3B | $1.9B |
| Total debt | $16.1B | $14.0B | $14.4B | $16.3B | $15.1B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, New debt
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Other events
|
Oct 28, 2026 | Oct 27, 2026 |
| 8-K |
Current report
Other events
|
Oct 27, 2026 | Oct 26, 2026 |
| 10-Q | Quarterly report | Oct 23, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 21, 2026 | Oct 21, 2026 |
| 10-Q | Quarterly report | Jul 24, 2026 | Jun 30, 2026 |
All 1001 Las Vegas Sands Corp SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.