LAS VEGAS SANDS CORP
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LVS Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 3,585 | 2,862 | +25.3% |
Show Product Lines breakouts |
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| Casino | 2,739 | 2,127 | +28.8% |
| Food And Beverage | 176 | 141 | +24.8% |
| Mall [Member] | 204 | 186 | +9.7% |
| Mall [Member] · Marina Bay Sands [Member] | 69 | 62 | +11.3% |
| Mall [Member] · MO | 135 | 124 | +8.9% |
| Mall [Member] · The Londoner Macao [Member] | 25 | 21 | +19.0% |
| Mall [Member] · The Parisian Macao [Member] | 4 | 5 | -20.0% |
| Mall [Member] · The Plaza Macao and Four Seasons Macao [Member] | 40 | 39 | +2.6% |
| Mall [Member] · The Venetian Macao [Member] | 66 | 59 | +11.9% |
| Occupancy | 377 | 324 | +16.4% |
| Product And Service Other | 89 | 84 | +6.0% |
Show Business Segments breakouts |
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| Corporate And Other · US | -87 | -61 | -42.6% |
| Ferry Operations and Other [Member] · MO | -13 | -7 | -85.7% |
| Ferry Operations and Other [Member] · MO | 25 | 25 | 0.0% |
| Macao Operating Segments [Member] · MO | -15 | -9 | -66.7% |
| Marina Bay Sands [Member] · SG | -1 | -1 | 0.0% |
| Marina Bay Sands [Member] · SG | 1,486 | 1,162 | +27.9% |
| Sands Macao [Member] · MO | 93 | 75 | +24.0% |
| The Londoner Macao [Member] · MO | 754 | 529 | +42.5% |
| The Parisian Macao [Member] · MO | 229 | 227 | +0.9% |
| The Plaza Macao and Four Seasons Macao [Member] · MO | 290 | 208 | +39.4% |
| The Venetian Macao [Member] · MO | -2 | -2 | 0.0% |
| The Venetian Macao [Member] · MO | 708 | 636 | +11.3% |
Show Geography breakouts |
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| MO | 2,099 | 1,700 | +23.5% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | -103 | -71 | -45.1% |
| Cost of Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Casino | 1,505 | 1,157 | +30.1% |
| Food And Beverage | 149 | 126 | +18.3% |
| Mall [Member] | 25 | 22 | +13.6% |
| Occupancy | 92 | 81 | +13.6% |
| Product And Service Other | 65 | 59 | +10.2% |
| Provision For Doubtful Accounts | 29 | 5 | +480.0% |
| Selling, General & Administrative | 302 | 273 | +10.6% |
| Corporate Expense | 83 | 73 | +13.7% |
| Pre Opening Costs | 4 | 4 | 0.0% |
| Research & Development | 41 | 69 | -40.6% |
| Depreciation And Amortization | 357 | 362 | -1.4% |
| Amortization Of Leasehold Interests In Land | 21 | 15 | +40.0% |
| Gain Loss On Sales Of Assets And Asset Impairment Charges | 8 | 7 | +14.3% |
| Total Costs & Expenses | 2,681 | 2,253 | +19.0% |
| Operating Income | 904 | 609 | +48.4% |
| Interest Income Interest Earning Asset | 35 | 42 | -16.7% |
| Interest Expense | -188 | -174 | -8.0% |
| Other Non-Operating Income (Expense) | -3 | -1 | -200.0% |
| Income Before Taxes | 748 | 471 | +58.8% |
| Income Tax Expense (Benefit) | -107 | -63 | -69.8% |
| Net Income | 641 | 408 | +57.1% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 74 | 56 | +32.1% |
| Retained Earnings | 567 | 352 | +61.1% |
| Net Income Loss Attributable To Noncontrolling Interest | -74 | -56 | -32.1% |
| Net Income | 567 | 352 | +61.1% |
| EPS (Basic) | 0.85 | 0.49 | +73.5% |
| EPS (Diluted) | 0.85 | 0.49 | +73.5% |
| Wtd Avg Shares (Basic) | 669 | 712 | -6.0% |
| Wtd Avg Shares (Diluted) | 671 | 713 | -5.9% |
| Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Casino | 2,739 | 2,127 | +28.8% |
| Casino · Marina Bay Sands [Member] | 1,126 | 857 | +31.4% |
| Casino · MO | 1,613 | 1,270 | +27.0% |
| Casino · Sands Macao [Member] | 85 | 68 | +25.0% |
| Casino · The Londoner Macao [Member] | 584 | 402 | +45.3% |
| Casino · The Parisian Macao [Member] | 176 | 173 | +1.7% |
| Casino · The Plaza Macao and Four Seasons Macao [Member] | 212 | 132 | +60.6% |
| Casino · The Venetian Macao [Member] | 556 | 495 | +12.3% |
| Food And Beverage | 176 | 141 | +24.8% |
| Food And Beverage · Marina Bay Sands [Member] | 99 | 81 | +22.2% |
| Food And Beverage · MO | 77 | 60 | +28.3% |
| Food And Beverage · Sands Macao [Member] | 3 | 2 | +50.0% |
| Food And Beverage · The Londoner Macao [Member] | 34 | 24 | +41.7% |
| Food And Beverage · The Parisian Macao [Member] | 14 | 12 | +16.7% |
| Food And Beverage · The Plaza Macao and Four Seasons Macao [Member] | 7 | 7 | 0.0% |
| Food And Beverage · The Venetian Macao [Member] | 19 | 15 | +26.7% |
| Occupancy | 377 | 324 | +16.4% |
| Occupancy · Marina Bay Sands [Member] | 155 | 129 | +20.2% |
| Occupancy · MO | 222 | 195 | +13.8% |
| Occupancy · Sands Macao [Member] | 4 | 5 | -20.0% |
| Occupancy · The Londoner Macao [Member] | 104 | 73 | +42.5% |
| Occupancy · The Parisian Macao [Member] | 33 | 35 | -5.7% |
| Occupancy · The Plaza Macao and Four Seasons Macao [Member] | 30 | 29 | +3.4% |
| Occupancy · The Venetian Macao [Member] | 51 | 53 | -3.8% |
| Product And Service Other | 89 | 84 | +6.0% |
| Product And Service Other · Ferry Operations and Other [Member] | 25 | 25 | 0.0% |
| Product And Service Other · Marina Bay Sands [Member] | 37 | 33 | +12.1% |
| Product And Service Other · MO | 52 | 51 | +2.0% |
| Product And Service Other · Sands Macao [Member] | 1 | — | — |
| Product And Service Other · The Londoner Macao [Member] | 7 | 9 | -22.2% |
| Product And Service Other · The Parisian Macao [Member] | 2 | 2 | 0.0% |
| Product And Service Other · The Plaza Macao and Four Seasons Macao [Member] | 1 | 1 | 0.0% |
| Product And Service Other · The Venetian Macao [Member] | 16 | 14 | +14.3% |
| Comprehensive Income | 534 | 386 | +38.3% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | 6 | 18 | -66.7% |
| Labor And Related Expense | 559 | 486 | +15.0% |
Show Business Segments breakouts |
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| Ferry Operations and Other [Member] · MO | 13 | 11 | +18.2% |
| Marina Bay Sands [Member] · SG | 204 | 172 | +18.6% |
| Sands Macao [Member] · MO | 27 | 23 | +17.4% |
| The Londoner Macao [Member] · MO | 114 | 96 | +18.8% |
| The Parisian Macao [Member] · MO | 51 | 49 | +4.1% |
| The Plaza Macao and Four Seasons Macao [Member] · MO | 30 | 27 | +11.1% |
| The Venetian Macao [Member] · MO | 120 | 108 | +11.1% |
Show Geography breakouts |
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| MO | 355 | 314 | +13.1% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 3,330 | 3,036 | +9.7% |
| Accounts Receivable | 677 | 435 | +55.6% |
| Inventory | 46 | 41 | +12.2% |
| Prepaid Expenses & Other Current Assets | 213 | 209 | +1.9% |
| Total Current Assets | 4,266 | 3,721 | +14.6% |
| Allowance For Doubtful Accounts Receivable Current | 230 | 172 | +33.7% |
| Non-Current Assets | |||
| Long Term Accounts Notes And Loans Receivable Net Noncurrent | 1,264 | 1,264 | 0.0% |
| Property, Plant & Equipment | 11,441 | 12,058 | -5.1% |
| Restricted Cash And Cash Equivalents Noncurrent | 125 | 125 | 0.0% |
| Deferred Tax Assets | 159 | 122 | +30.3% |
| Other Non-Current Assets | 369 | 442 | -16.5% |
| Total Assets | 21,176 | 21,247 | -0.3% |
Show Business Segments breakouts |
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| Corporate And Other | 3,157 | 4,125 | -23.5% |
| Ferry Operations and Other [Member] · MO | 483 | 169 | +185.8% |
| Marina Bay Sands [Member] · SG | 7,391 | 6,947 | +6.4% |
| Sands Macao [Member] · MO | 257 | 250 | +2.8% |
| The Londoner Macao [Member] · MO | 4,618 | 4,696 | -1.7% |
| The Parisian Macao [Member] · MO | 1,649 | 1,692 | -2.5% |
| The Plaza Macao and Four Seasons Macao [Member] · MO | 928 | 979 | -5.2% |
| The Venetian Macao [Member] · MO | 2,693 | 2,389 | +12.7% |
Show Geography breakouts |
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| MO | 10,628 | 10,175 | +4.5% |
| Other Assets | |||
| Leasehold Interests In Land Net | 3,007 | — | — |
| Intangible Assets Net Including Goodwill | 545 | — | — |
| Current Liabilities | |||
| Accounts Payable | 159 | 151 | +5.3% |
| Construction Payable Current | 142 | 245 | -42.0% |
| Other Liabilities Current | 2,066 | 2,586 | -20.1% |
| Accrued Income Taxes Current | 442 | 279 | +58.4% |
| Long Term Debt And Capital Lease Obligations Current | 1,824 | 2,994 | -39.1% |
| Total Current Liabilities | 4,633 | 6,255 | -25.9% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 870 | 917 | -5.1% |
| Deferred Tax Liabilities | 165 | 185 | -10.8% |
| Total Liabilities | 19,568 | — | — |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 13,900 | 10,857 | +28.0% |
| Stockholders' Equity | |||
| Common Stock | 1 | 1 | 0.0% |
| Treasury Stock Value | -9,774 | -7,213 | -35.5% |
| Additional Paid-In Capital | 6,180 | 6,307 | -2.0% |
| Accumulated Other Comprehensive Income | 38 | -24 | +258.3% |
| Retained Earnings | 4,753 | 3,628 | +31.0% |
| Total Stockholders' Equity | 1,198 | 2,699 | -55.6% |
| Minority Interest | 410 | 334 | +22.8% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 1,608 | 3,033 | -47.0% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 38 | -24 | +258.3% |
| Additional Paid In Capital | 6,180 | 6,307 | -2.0% |
| Common Stock | 1 | 1 | 0.0% |
| Noncontrolling Interest | 410 | 334 | +22.8% |
| Retained Earnings | 4,753 | 3,628 | +31.0% |
| Treasury Stock Common | -9,774 | -7,213 | -35.5% |
| Total Liabilities & Equity | 21,176 | 21,247 | -0.3% |
| Common Stock Par Or Stated Value Per Share | 0 | 0 | 0.0% |
| Common Stock Shares Authorized | 1,000 | 1,000 | 0.0% |
| Common Stock Shares Issued | 841 | 835 | +0.7% |
| Common Stock Shares Outstanding | 663 | 707 | -6.2% |
| Treasury Stock Common Shares | 178 | 128 | +39.1% |
| Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0.0% |
| Preferred Stock Shares Authorized | 50 | 50 | 0.0% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Amortization Of Financing Costs And Discounts | 15 | 13 | +15.4% |
| Gain Loss On Disposal Or Impairment Of Assets | 7 | 1 | +600.0% |
| Stock-Based Compensation | 24 | 11 | +118.2% |
| Foreign Currency Transaction Gain Loss Unrealized | 3 | 2 | +50.0% |
| Deferred Income Taxes | -6 | -6 | 0.0% |
| Change in Accounts Receivable | 32 | -20 | +260.0% |
| Increase Decrease In Other Operating Assets | -9 | -36 | +75.0% |
| Increase Decrease In Leasehold Interests In Land | -137 | — | — |
| Increase Decrease In Accounts Payable Trade | -31 | -14 | -121.4% |
| Increase Decrease In Other Operating Liabilities | -215 | -220 | +2.3% |
| Net Cash from Operations | 731 | 526 | +39.0% |
| Change in Deferred Revenue (Q) | — | — | — |
Show Contract and Contract Related Liabilities [Axis] breakouts |
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| Customer Deposits and Other Deferred Revenue [Member] | 29 | 4 | +625.0% |
| Loyalty Program Liability [Member] | -3 | -1 | -200.0% |
| Outstanding Chip Liability [Member] | -65 | -17 | -282.4% |
| Investing Activities | |||
| Capital Expenditures | -194 | -379 | +48.8% |
| Other Investing Activities | 8 | — | — |
| Net Cash from Investing | -186 | -454 | +59.0% |
| Financing Activities | |||
| Proceeds From Stock Options Exercised | 4 | — | — |
| Tax Withholding for Share Compensation | -6 | -2 | -200.0% |
| Share Repurchases | -753 | -416 | -81.0% |
| Payments Of Dividends | -202 | -179 | -12.8% |
| Proceeds From Issuance Of Long Term Debt | 797 | 2,797 | -71.5% |
Show Geography breakouts |
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| MO · 2024 SCL Revolving Facility [Member] | 6.2 | — | — |
Show Debt Instrument breakouts |
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| 2024 SCL Revolving Facility [Member] | 797 | — | — |
| Repayments Of Debt And Capital Lease Obligations | -830 | -2,710 | +69.4% |
| Proceeds From Payments For Other Financing Activities | -50 | -18 | -177.8% |
| Net Cash from Financing | -1,040 | -692 | -50.3% |
| Supplemental | |||
| Interest Paid | 212 | 246 | -13.8% |
| Income Taxes Paid | 58 | 34 | +70.6% |
| Increase Decrease In Construction Payables | -15 | -17 | +11.8% |
| Excise Tax Accrued On Repurchase Of Common Stock | 6 | 4 | +50.0% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | -16 | 6 | -366.7% |
| Net Change in Cash | -511 | -614 | +16.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 3,455 | 3,161 | +9.3% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.