LAS VEGAS SANDS CORP

LVS 10-Q · Q1 2026

LVS Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 3,585 2,862 +25.3%
Show Product Lines breakouts
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
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
MO 2,099 1,700 +23.5%
Show Consolidation Items breakouts
Intersegment Elimination -103 -71 -45.1%
Cost of Revenue (Q)
Show Product Lines breakouts
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
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
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
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
MO 355 314 +13.1%

Balance Sheet

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
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
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
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

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
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
MO · 2024 SCL Revolving Facility [Member] 6.2
Show Debt Instrument breakouts
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.

This table is rendered from the same JSON returned by /api/financials.

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