Las Vegas Sands (LVS) Deferred Taxes (2009 - 2026)
Las Vegas Sands (LVS) recorded quarterly Deferred Taxes of -$6.0 million in Q1 2026, down 50.0% quarter-over-quarter from -$4.0 million in Q4 2025, and little changed on a YoY basis from -$6.0 million in Q1 2025.
Las Vegas Sands (LVS) Deferred Taxes (2009 - 2026) Analysis & Trends
Las Vegas Sands' Deferred Taxes history runs 18 years deep, the most recent figure standing at -$6.0 million for Q1 2026.
- In Q1 2026, Deferred Taxes changed 0.0% year-over-year to -$6.0 million; the TTM figure through Mar 2026 stood at -$60.0 million (down 850.0% YoY), while the FY2025 annual figure was -$60.0 million, down 1600.0% from the prior year.
- Deferred Taxes was -$6.0 million for Q1 2026 at Las Vegas Sands, down from -$4.0 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $39.0 million in Q4 2023 to a low of -$31.0 million in Q1 2022.
- Historically, Deferred Taxes has averaged -$1.2 million across 5 years, with a median of -$5.0 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Deferred Taxes surged 192.86% in 2022, then tumbled 1450.0% in 2025.
- A 5-year view of Deferred Taxes shows it stood at $26.0 million in 2022, then surged by 50.0% to $39.0 million in 2023, then plunged by 48.72% to $20.0 million in 2024, then tumbled by 120.0% to -$4.0 million in 2025, then tumbled by 50.0% to -$6.0 million in 2026.
- The last three Deferred Taxes figures came in at -$6.0 million (Q1 2026), -$4.0 million (Q4 2025), and -$31.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 8.14 Mn |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 334,000.00 |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | - |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 12.00 Mn |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 72.29 Mn |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | - |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | -2.80 Mn |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | -1.00 Mn |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 6.50 Mn |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | -6.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.00 Mn |
| Dec 31, 2025 | -4.00 Mn |
| Sep 30, 2025 | -31.00 Mn |
| Jun 30, 2025 | -19.00 Mn |
| Mar 31, 2025 | -6.00 Mn |
| Dec 31, 2024 | 20.00 Mn |
| Sep 30, 2024 | -2.00 Mn |
| Jun 30, 2024 | -4.00 Mn |
| Mar 31, 2024 | -10.00 Mn |
| Dec 31, 2023 | 39.00 Mn |
| Sep 30, 2023 | 15.00 Mn |
| Mar 31, 2023 | -10.00 Mn |
| Dec 31, 2022 | 26.00 Mn |
| Sep 30, 2022 | 19.00 Mn |
| Jun 30, 2022 | -16.00 Mn |
| Mar 31, 2022 | -31.00 Mn |
| Dec 31, 2021 | -28.00 Mn |
| Sep 30, 2021 | 10.00 Mn |
| Jun 30, 2021 | -11.00 Mn |
| Mar 31, 2021 | -16.00 Mn |