Las Vegas Sands (LVS) Cash from Operations (2009 - 2026)
Las Vegas Sands (LVS) recorded Cash from Operations of $870 million in Q3 2026, down 22.0% from $1.12 billion a year earlier but up 27.6% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Cash from Operations (2009 - 2026) Analysis & Trends
On a TTM basis, Las Vegas Sands' Cash from Operations came in at $3.49 billion as of Sep 30, 2026, up 27.5% year-over-year; for FY2025, it came in at $3.02 billion, down 5.6% from FY2024.
- Across earlier years, Cash from Operations came in at $3.2 billion in FY2024 (-0.7%), $3.23 billion in FY2023, -$944 million in FY2022 and -$243 million in FY2021.
- Quarterly Cash from Operations has ranged from -$500 million in Q1 2022 to $1.2 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Cash from Operations rose in four of the last eight quarters, with growth averaging 33.1%.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 283.1% in Q2 2026, against a decline of 78.1% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $682 million (Q2 2026), $731 million (Q1 2026) and $1.2 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.55 Bn | 12.37 Bn | 1.47 Bn | 870.00 Mn |
| 2 | DraftKings | 20.54 Bn | 16.21 Bn | 551.45 Mn | 111.44 Mn |
| 3 | Flutter Entertainment | 14.19 Bn | 7.93 Bn | 1.71 Bn | 363.00 Mn |
| 4 | Life Time Group Holdings | 10.64 Bn | 9.81 Bn | 419.01 Mn | 262.12 Mn |
| 5 | Wynn Resorts | 8.52 Bn | 2.07 Bn | 758.95 Mn | 491.93 Mn |
| 6 | MGM Resorts International | 8.26 Bn | -177.27 Mn | 1.73 Bn | 532.46 Mn |
| 7 | Madison Square Garden Sports | 7.58 Bn | 7.18 Bn | 119.21 Mn | 57.65 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 236.00 Mn |
| 9 | Churchill Downs | 6.72 Bn | 5.98 Bn | 207.00 Mn | 148.00 Mn |
| 10 | Caesars Entertainment | 5.98 Bn | 2.57 Bn | 1.44 Bn | 267.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 870.00 Mn |
| Jun 30, 2026 | 682.00 Mn |
| Mar 31, 2026 | 731.00 Mn |
| Dec 31, 2025 | 1.20 Bn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 178.00 Mn |
| Mar 31, 2025 | 526.00 Mn |
| Dec 31, 2024 | 915.00 Mn |
| Sep 30, 2024 | 761.00 Mn |
| Jun 30, 2024 | 814.00 Mn |
| Mar 31, 2024 | 714.00 Mn |
| Dec 31, 2023 | 1.01 Bn |
| Sep 30, 2023 | 839.00 Mn |
| Jun 30, 2023 | 941.00 Mn |
| Mar 31, 2023 | 441.00 Mn |
| Dec 31, 2022 | -104.00 Mn |
| Sep 30, 2022 | -150.00 Mn |
| Jun 30, 2022 | -190.00 Mn |
| Mar 31, 2022 | -500.00 Mn |
| Dec 31, 2021 | 102.00 Mn |
API Access
Las Vegas Sands Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();