Las Vegas Sands (LVS) EBITDA (2009 - 2026)
Las Vegas Sands (LVS) posted EBITDA of $994 million for Q3 2026, down 11.5% from $1.12 billion a year earlier and down 1.1% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBITDA at Las Vegas Sands was $4.4 billion, up 2.9% year-over-year; for FY2025, it was $4.42 billion, up 15.4% from FY2024.
- Annual EBITDA has increased for three consecutive years.
- In prior years, Las Vegas Sands' EBITDA was $3.83 billion in FY2024 (+5.1%), $3.64 billion in FY2023 (+922.5%), $356 million in FY2022 (-22.6%) and $460 million in FY2021.
- The Q3 2026 figure stands as the lowest quarterly EBITDA since Q4 2024.
- On a year-over-year basis, EBITDA increased in four of the last eight quarters, with growth averaging 7.4%.
- The strongest year-over-year quarter for EBITDA in the past five years was Q3 2023, with growth of 820.5%; the weakest was Q4 2022, with a decline of 25.0%.
- According to Business Quant data, EBITDA for the three prior quarters was $1.01 billion (Q2 2026), $1.3 billion (Q1 2026) and $1.11 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 994.00 Mn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -786.00 Mn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 243.96 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 12.17 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 356.11 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 401.29 Mn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 32.94 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 347.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 204.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 823.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 994.00 Mn |
| 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 |
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();