Las Vegas Sands (LVS) EBIT Margin (2009 - 2026)
Las Vegas Sands (LVS) recorded quarterly EBIT Margin of 25.22% in Q1 2026, up 30.15% quarter-over-quarter from 19.38% in Q4 2025, and up 394.0% on a YoY basis from 5.1% in Q1 2025.
Las Vegas Sands (LVS) EBIT Margin (2009 - 2026) Analysis & Trends
Las Vegas Sands' EBIT Margin history runs 18 years deep, the most recent figure standing at 25.22% for Q1 2026.
- In Q1 2026, EBIT Margin rose 394.0% year-over-year to 25.22%; the TTM figure through Mar 2026 stood at 22.66% (up 218.0% YoY), while the FY2025 annual figure was 21.65%, up 39.0% from the prior year.
- EBIT Margin was 25.22% for Q1 2026 at Las Vegas Sands, up from 19.38% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 25.22% in Q1 2026 to a low of 32.03% in Q1 2022.
- Historically, EBIT Margin has averaged 12.13% across 5 years, with a median of 21.13% in 2023.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin tumbled 2400 bps in 2022, then soared 4986 bps in 2023.
- A 5-year view of EBIT Margin shows it stood at 14.86% in 2022, then soared by 264 bps to 24.36% in 2023, then slipped by 16 bps to 20.37% in 2024, then declined by 5 bps to 19.38% in 2025, then jumped by 30 bps to 25.22% in 2026.
- The last three EBIT Margin figures came in at 25.22% (Q1 2026), 19.38% (Q4 2025), and 21.59% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 15.22% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 16.44% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 195.99% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 17.42% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 31.83% |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | -2.96% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 28.32% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 4.77% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 5.46% |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 25.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.22% |
| Dec 31, 2025 | 19.38% |
| Sep 30, 2025 | 21.59% |
| Jun 30, 2025 | 24.66% |
| Mar 31, 2025 | 21.28% |
| Dec 31, 2024 | 20.37% |
| Sep 30, 2024 | 18.79% |
| Jun 30, 2024 | 21.41% |
| Mar 31, 2024 | 24.23% |
| Dec 31, 2023 | 24.36% |
| Sep 30, 2023 | 24.62% |
| Jun 30, 2023 | 21.13% |
| Mar 31, 2023 | 17.83% |
| Dec 31, 2022 | -14.86% |
| Sep 30, 2022 | -17.61% |
| Jun 30, 2022 | -14.07% |
| Mar 31, 2022 | -32.03% |
| Dec 31, 2021 | -13.69% |
| Sep 30, 2021 | -36.87% |
| Jun 30, 2021 | -11.85% |