Las Vegas Sands (LVS) EBT Margin (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly EBT Margin of 14.62% for Q2 2026, down 456.0% year-over-year from 4.11% in Q2 2025, and down 29.95% quarter-over-quarter from 20.86% in Q1 2026.
Las Vegas Sands (LVS) EBT Margin (2009 - 2026) Analysis & Trends
Las Vegas Sands' EBT Margin history runs 18 years deep, the most recent figure standing at 14.62% for Q2 2026.
- In Q2 2026, EBT Margin fell 456.0% year-over-year to 14.62%; the TTM figure through Jun 2026 stood at 17.07% (up 33.0% YoY), while the FY2025 annual figure was 17.0%, down 35.0% from the prior year.
- EBT Margin for Q2 2026 stood at 14.62%, down from 20.86% in the prior quarter.
- The five-year high for EBT Margin was 20.86% in Q1 2026, with the low at 50.48% in Q1 2022.
- The 5-year median for EBT Margin is 16.16% (2024), against an average of 5.67%.
- The sharpest annual moves came in 2022 and 2023: EBT Margin tumbled 2824 bps in 2022, then jumped 5968 bps in 2023.
- Las Vegas Sands' EBT Margin stood at 25.69% in 2022, then surged by 179 bps to 20.31% in 2023, then fell by 22 bps to 15.92% in 2024, then dropped by 5 bps to 15.1% in 2025, then slipped by 3 bps to 14.62% in 2026.
- Business Quant data shows LVS's EBT Margin at 14.62% in Q2 2026, 20.86% in Q1 2026, and 15.1% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.58 Bn | 27.21 Bn | 1.81 Bn | 14.62% |
| 2 | MGM Resorts International | 11.02 Bn | 8.48 Bn | 3.10 Bn | 9.29% |
| 3 | Wynn Resorts | 10.32 Bn | 8.75 Bn | 1.14 Bn | 10.70% |
| 4 | Caesars Entertainment | 6.07 Bn | 5.01 Bn | 2.04 Bn | -1.77% |
| 5 | Boyd Gaming | 6.06 Bn | 5.73 Bn | 766.76 Mn | 16.49% |
| 6 | Vail Resorts | 5.49 Bn | 5.12 Bn | - | 36.99% |
| 7 | Marriott Vacations Worldwide | 3.88 Bn | 3.58 Bn | 1.29 Bn | 8.64% |
| 8 | Hilton Grand Vacations | 3.57 Bn | 3.30 Bn | 499.00 Mn | 1.69% |
| 9 | Red Rock Resorts | 3.53 Bn | 2.92 Bn | 420.02 Mn | 17.65% |
| 10 | PENN Entertainment | 2.51 Bn | 1.62 Bn | 1.02 Bn | 2.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.62% |
| Mar 31, 2026 | 20.86% |
| Dec 31, 2025 | 15.10% |
| Sep 30, 2025 | 17.47% |
| Jun 30, 2025 | 19.18% |
| Mar 31, 2025 | 16.46% |
| Dec 31, 2024 | 15.92% |
| Sep 30, 2024 | 15.03% |
| Jun 30, 2024 | 17.96% |
| Mar 31, 2024 | 20.28% |
| Dec 31, 2023 | 20.31% |
| Sep 30, 2023 | 20.43% |
| Jun 30, 2023 | 16.40% |
| Mar 31, 2023 | 9.20% |
| Dec 31, 2022 | -25.69% |
| Sep 30, 2022 | -31.84% |
| Jun 30, 2022 | -29.09% |
| Mar 31, 2022 | -50.48% |
| Dec 31, 2021 | -29.86% |
| Sep 30, 2021 | -72.46% |