Las Vegas Sands (LVS) EBITDA (2009 - 2026)
Las Vegas Sands' (LVS) quarterly EBITDA came in at $904.0 million in Q1 2026, up 48.44% year-on-year from $609.0 million in Q1 2025, and up 27.86% quarter-over-quarter from $707.0 million in Q4 2025.
Las Vegas Sands (LVS) EBITDA (2009 - 2026) Analysis & Trends
Las Vegas Sands' EBITDA history runs 18 years deep, the most recent figure standing at $904.0 million for Q1 2026.
- On a quarterly basis, EBITDA rose 48.44% year-over-year to $904.0 million in Q1 2026; TTM through Mar 2026 was $3.1 billion, a 35.7% increase from a year earlier, with the FY2025 full-year figure at $2.8 billion, up 17.32% from the prior year.
- EBITDA advanced to $904.0 million in Q1 2026 per LVS's latest filing, from $707.0 million in the prior quarter.
- Across five years, EBITDA topped out at $904.0 million in Q1 2026 and bottomed at -$302.0 million in Q1 2022.
- The 5-year median for EBITDA is $591.0 million (2024), against an average of $449.7 million.
- Across the five-year window, EBITDA sank 214.58% in 2022 and surged 527.71% in 2023, its largest moves.
- Year by year, EBITDA stood at -$166.0 million in 2022, then jumped by 527.71% to $710.0 million in 2023, then declined by 16.9% to $590.0 million in 2024, then grew by 19.83% to $707.0 million in 2025, then increased by 27.86% to $904.0 million in 2026.
- Per Business Quant, the three latest LVS EBITDA figures stand at $904.0 million (Q1 2026), $707.0 million (Q4 2025), and $719.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 904.00 Mn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 301.24 Mn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 282.60 Mn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 163.99 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | 380.98 Mn |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 500.00 Mn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | 494.13 Mn |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 84.00 Mn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 143.68 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 80.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 904.00 Mn |
| Dec 31, 2025 | 707.00 Mn |
| Sep 30, 2025 | 719.00 Mn |
| Jun 30, 2025 | 783.00 Mn |
| Mar 31, 2025 | 609.00 Mn |
| Dec 31, 2024 | 590.00 Mn |
| Sep 30, 2024 | 504.00 Mn |
| Jun 30, 2024 | 591.00 Mn |
| Mar 31, 2024 | 717.00 Mn |
| Dec 31, 2023 | 710.00 Mn |
| Sep 30, 2023 | 688.00 Mn |
| Jun 30, 2023 | 537.00 Mn |
| Mar 31, 2023 | 378.00 Mn |
| Dec 31, 2022 | -166.00 Mn |
| Sep 30, 2022 | -177.00 Mn |
| Jun 30, 2022 | -147.00 Mn |
| Mar 31, 2022 | -302.00 Mn |
| Dec 31, 2021 | -138.00 Mn |
| Sep 30, 2021 | -316.00 Mn |
| Jun 30, 2021 | -139.00 Mn |