Las Vegas Sands (LVS) Common Equity (2009 - 2026)
Las Vegas Sands (LVS) recorded Common Equity of $897 million in Q2 2026, down 60.7% from $2.28 billion a year earlier and down 44.2% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Common Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Las Vegas Sands reported Common Equity of $1.93 billion, down 38.8% from FY2024.
- Annual Common Equity has a five-year compound annual growth rate of -11.4% (FY2020 to FY2025).
- Across earlier years, Common Equity came in at $3.16 billion in FY2024 (-23.0%), $4.1 billion in FY2023 (+12.3%), $3.66 billion in FY2022 (+62.6%) and $2.25 billion in FY2021 (-36.5%).
- The Q2 2026 figure is the lowest quarterly Common Equity in data going back to Q2 2009.
- On a year-over-year basis, Common Equity has declined for nine consecutive quarters, with an average decline of 37.8% over the last eight quarters.
- Peak year-over-year performance for Common Equity in the last five years was growth of 62.6% in Q4 2022, against a decline of 60.7% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.61 billion (Q1 2026), $1.93 billion (Q4 2025) and $1.87 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 897.00 Mn |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | 569.43 Mn |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | 8.98 Bn |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | -263.30 Mn |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 3.30 Bn |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | -906.67 Mn |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 3.37 Bn |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | 3.55 Bn |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | 831.00 Mn |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 1.34 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 897.00 Mn |
| Mar 31, 2026 | 1.61 Bn |
| Dec 31, 2025 | 1.93 Bn |
| Sep 30, 2025 | 1.87 Bn |
| Jun 30, 2025 | 2.28 Bn |
| Mar 31, 2025 | 3.03 Bn |
| Dec 31, 2024 | 3.16 Bn |
| Sep 30, 2024 | 3.65 Bn |
| Jun 30, 2024 | 3.89 Bn |
| Mar 31, 2024 | 4.03 Bn |
| Dec 31, 2023 | 4.10 Bn |
| Sep 30, 2023 | 4.45 Bn |
| Jun 30, 2023 | 4.16 Bn |
| Mar 31, 2023 | 3.83 Bn |
| Dec 31, 2022 | 3.66 Bn |
| Sep 30, 2022 | 3.78 Bn |
| Jun 30, 2022 | 4.22 Bn |
| Mar 31, 2022 | 4.68 Bn |
| Dec 31, 2021 | 2.25 Bn |
| Sep 30, 2021 | 2.43 Bn |
API Access
Las Vegas Sands Common Equity 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=common-equity&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();