Las Vegas Sands (LVS) EBITDA (2009 - 2026)
Las Vegas Sands (LVS) posted EBITDA of $989 million for Q2 2026, down 15.8% from $1.17 billion a year earlier and down 22.9% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA at Las Vegas Sands was $4.47 billion, up 13.0% year-over-year; for FY2025, it was $4.36 billion, up 15.6% from FY2024.
- In prior years, Las Vegas Sands' EBITDA was $3.77 billion in FY2024 (+5.3%), $3.58 billion in FY2023, $299 million in FY2022 (-26.7%) and $408 million in FY2021.
- The Q2 2026 figure stands as the lowest quarterly EBITDA since Q1 2025.
- On a year-over-year basis, EBITDA increased in four of the last eight quarters, with growth averaging 6.8%.
- The strongest year-over-year quarter for EBITDA in the past five years was Q3 2023, with growth of 947.4%; the weakest was Q4 2022, with a decline of 27.5%.
- According to Business Quant data, EBITDA for the three prior quarters was $1.28 billion (Q1 2026), $1.09 billion (Q4 2025) and $1.11 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.94 Bn | 11.04 Bn | 1.48 Bn | 1.01 Bn |
| 2 | Flutter Entertainment | 13.84 Bn | 7.21 Bn | 1.71 Bn | 255.00 Mn |
| 3 | DraftKings | 10.19 Bn | 5.85 Bn | 551.45 Mn | 12.17 Mn |
| 4 | Madison Square Garden Sports | 9.98 Bn | 9.58 Bn | 119.21 Mn | 32.94 Mn |
| 5 | Life Time Group Holdings | 9.17 Bn | 8.40 Bn | 412.26 Mn | 233.99 Mn |
| 6 | Wynn Resorts | 7.94 Bn | 2.23 Bn | 758.95 Mn | 473.82 Mn |
| 7 | MGM Resorts International | 7.33 Bn | -1.70 Bn | 1.98 Bn | 792.27 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 340.00 Mn |
| 9 | Caesars Entertainment | 5.93 Bn | 2.38 Bn | 1.50 Bn | 868.00 Mn |
| 10 | Churchill Downs | 5.80 Bn | 5.02 Bn | 419.00 Mn | 416.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.01 Bn |
| Mar 31, 2026 | 1.30 Bn |
| Dec 31, 2025 | 1.11 Bn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.19 Bn |
| Mar 31, 2025 | 999.00 Mn |
| Dec 31, 2024 | 966.00 Mn |
| Sep 30, 2024 | 857.00 Mn |
| Jun 30, 2024 | 936.00 Mn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 1.07 Bn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 855.00 Mn |
| Mar 31, 2023 | 681.00 Mn |
| Dec 31, 2022 | 117.00 Mn |
| Sep 30, 2022 | 112.00 Mn |
| Jun 30, 2022 | 137.00 Mn |
| Mar 31, 2022 | -10.00 Mn |
| Dec 31, 2021 | 156.00 Mn |
| Sep 30, 2021 | -27.00 Mn |
API Access
Las Vegas Sands EBITDA 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=ebitda&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();