Las Vegas Sands (LVS) EBITDA (2009 - 2026)

Las Vegas Sands (LVS) recorded quarterly EBITDA of $904.0 million in Q1 2026, up 27.86% quarter-over-quarter from $707.0 million in Q4 2025, and up 48.44% on a YoY basis from $609.0 million in Q1 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.

  • In Q1 2026, EBITDA rose 48.44% year-over-year to $904.0 million; the TTM figure through Mar 2026 stood at $3.1 billion (up 35.7% YoY), while the FY2025 annual figure was $2.8 billion, up 17.32% from the prior year.
  • EBITDA was $904.0 million for Q1 2026 at Las Vegas Sands, up from $707.0 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $904.0 million in Q1 2026 to a low of -$302.0 million in Q1 2022.
  • Historically, EBITDA has averaged $449.7 million across 5 years, with a median of $591.0 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: EBITDA sank 214.58% in 2022, then soared 527.71% in 2023.
  • A 5-year view of EBITDA shows it 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.
  • The last three EBITDA figures came in at $904.0 million (Q1 2026), $707.0 million (Q4 2025), and $719.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Wynn Resorts 10.77 Bn 9.94 Bn 1.77 Bn 430.20 Mn
2 Boyd Gaming 6.75 Bn 6.74 Bn 742.51 Mn 254.33 Mn
3 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - 380.98 Mn
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn 813.00 Mn
5 Vail Resorts 4.85 Bn 4.81 Bn - 345.05 Mn
6 Hilton Grand Vacations 4.07 Bn 3.97 Bn 1.10 Bn -38.00 Mn
7 Red Rock Resorts 3.34 Bn 3.31 Bn 491.72 Mn 143.68 Mn
8 Marriott Vacations Worldwide 3.09 Bn 2.82 Bn 1.23 Bn 60.00 Mn
9 PENN Entertainment 2.57 Bn 1.85 Bn 971.20 Mn 97.10 Mn
10 Las Vegas Sands - - 3.56 Bn 904.00 Mn

Historic Data

Download Data
DateValue
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