Las Vegas Sands (LVS) EBITDA Margin (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly EBITDA Margin of 19.59% for Q2 2026, down 507.0% year-over-year from 4.81% in Q2 2025, and down 22.3% quarter-over-quarter from 25.22% in Q1 2026.
Las Vegas Sands (LVS) EBITDA Margin (2009 - 2026) Analysis & Trends
Las Vegas Sands' EBITDA Margin history runs 18 years deep, the most recent figure standing at 19.59% for Q2 2026.
- In Q2 2026, EBITDA Margin fell 507.0% year-over-year to 19.59%; the TTM figure through Jun 2026 stood at 21.49% (up 9.0% YoY), while the FY2025 annual figure was 21.65%, up 39.0% from the prior year.
- EBITDA Margin for Q2 2026 stood at 19.59%, down from 25.22% in the prior quarter.
- The five-year high for EBITDA Margin was 25.22% in Q1 2026, with the low at 32.03% in Q1 2022.
- The 5-year median for EBITDA Margin is 20.75% (2023), against an average of 12.55%.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin slumped 2400 bps in 2022, then surged 4986 bps in 2023.
- Las Vegas Sands' EBITDA Margin stood at 14.86% in 2022, then surged by 264 bps to 24.36% in 2023, then decreased by 16 bps to 20.37% in 2024, then dropped by 5 bps to 19.38% in 2025, then gained by 1 bps to 19.59% in 2026.
- Business Quant data shows LVS's EBITDA Margin at 19.59% in Q2 2026, 25.22% in Q1 2026, and 19.38% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 19.59% |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 11.32% |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 24.22% |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 27.67% |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 27.90% |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | 41.00% |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 10.00% |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | -56.55% |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 26.65% |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 7.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.59% |
| 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% |