Las Vegas Sands (LVS) EBT Margin (2009 - 2026)
Las Vegas Sands (LVS) posted EBT Margin of 14.62% for Q2 2026, down 29.95% on a QoQ basis from 20.86% in Q1 2026, and down 456.0% year-over-year from 4.11% in Q2 2025.
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Las Vegas Sands (LVS) EBT Margin (2009 - 2026) Analysis & Trends
Las Vegas Sands has reported EBT Margin for 18 years, with the latest figure at 14.62% in Q2 2026.
- On a quarterly basis, EBT Margin fell 456.0% year-over-year to 14.62% in Q2 2026; TTM through Jun 2026 was 17.07%, a 33.0% increase from a year earlier, with the FY2025 full-year figure at 17.0%, down 35.0% from the prior year.
- EBT Margin was 14.62% for Q2 2026 at Las Vegas Sands, 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.
- Average EBT Margin over 5 years is 5.67%, with a median of 16.16% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBT Margin tumbled 2824 bps in 2022, then soared 5968 bps in 2023.
- Over 5 years, EBT Margin stood at 25.69% in 2022, then jumped by 179 bps to 20.31% in 2023, then decreased by 22 bps to 15.92% in 2024, then fell by 5 bps to 15.1% in 2025, then declined by 3 bps to 14.62% in 2026.
- The last three EBT Margin figures came in at 14.62% (Q2 2026), 20.86% (Q1 2026), and 15.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.90 Bn | 24.52 Bn | 1.81 Bn | 14.62% |
| 2 | MGM Resorts International | 10.33 Bn | 7.78 Bn | 3.10 Bn | 9.29% |
| 3 | Wynn Resorts | 9.08 Bn | 7.50 Bn | 1.14 Bn | 10.70% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | -1.77% |
| 5 | Churchill Downs | 5.79 Bn | 5.59 Bn | 712.00 Mn | 33.47% |
| 6 | Boyd Gaming | 5.71 Bn | 5.39 Bn | 766.76 Mn | 16.49% |
| 7 | Red Rock Resorts | 3.17 Bn | 2.56 Bn | 420.02 Mn | 17.65% |
| 8 | PENN Entertainment | 2.28 Bn | 1.39 Bn | 1.02 Bn | 2.14% |
| 9 | Monarch Casino & Resort | 2.14 Bn | 2.00 Bn | 38.62 Mn | 27.61% |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.42 Bn | 1.05 Bn | 2.92% |
Historic Data
Download Data
Historic 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% |