Las Vegas Sands (LVS) Deferred Taxes (2009 - 2026)

Las Vegas Sands' (LVS) quarterly Deferred Taxes came in at -$6.0 million in Q1 2026, little changed year-on-year from -$6.0 million in Q1 2025, and down 50.0% quarter-over-quarter from -$4.0 million in Q4 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.

  • On a quarterly basis, Deferred Taxes changed 0.0% year-over-year to -$6.0 million in Q1 2026; TTM through Mar 2026 was -$60.0 million, a 850.0% decrease from a year earlier, with the FY2025 full-year figure at -$60.0 million, down 1600.0% from the prior year.
  • Deferred Taxes fell to -$6.0 million in Q1 2026 per LVS's latest filing, from -$4.0 million in the prior quarter.
  • Across five years, Deferred Taxes topped out at $39.0 million in Q4 2023 and bottomed at -$31.0 million in Q1 2022.
  • The 5-year median for Deferred Taxes is -$5.0 million (2024), against an average of -$1.2 million.
  • Across the five-year window, Deferred Taxes jumped 192.86% in 2022 and tumbled 1450.0% in 2025, its largest moves.
  • Year by year, Deferred Taxes stood at $26.0 million in 2022, then surged by 50.0% to $39.0 million in 2023, then slumped by 48.72% to $20.0 million in 2024, then sank by 120.0% to -$4.0 million in 2025, then sank by 50.0% to -$6.0 million in 2026.
  • Per Business Quant, the three latest LVS Deferred Taxes figures stand at -$6.0 million (Q1 2026), -$4.0 million (Q4 2025), and -$31.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn -6.00 Mn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn -11.94 Mn
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 8.14 Mn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 334,000.00
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 12.00 Mn
7 Vail Resorts 5.23 Bn 5.21 Bn - 105.63 Mn
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn -
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn -2.80 Mn
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn -

Historic Data

Download Data
DateValue
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