Las Vegas Sands (LVS) EBT Margin (2009 - 2026)
Las Vegas Sands' (LVS) quarterly EBT Margin came in at 20.86% in Q1 2026, up 441.0% year-on-year from 3.86% in Q1 2025, and up 38.18% quarter-over-quarter from 15.1% in Q4 2025.
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 20.86% for Q1 2026.
- On a quarterly basis, EBT Margin rose 441.0% year-over-year to 20.86% in Q1 2026; TTM through Mar 2026 was 18.12%, a 178.0% increase from a year earlier, with the FY2025 full-year figure at 17.0%, down 35.0% from the prior year.
- EBT Margin grew to 20.86% in Q1 2026 per LVS's latest filing, from 15.1% in the prior quarter.
- Across five years, EBT Margin topped out at 20.86% in Q1 2026 and bottomed at 50.48% in Q1 2022.
- The 5-year median for EBT Margin is 16.4% (2023), against an average of 5.15%.
- Across the five-year window, EBT Margin plunged 2824 bps in 2022 and jumped 5968 bps in 2023, its largest moves.
- Year by year, EBT Margin stood at 25.69% in 2022, then soared by 179 bps to 20.31% in 2023, then retreated by 22 bps to 15.92% in 2024, then declined by 5 bps to 15.1% in 2025, then soared by 38 bps to 20.86% in 2026.
- Per Business Quant, the three latest LVS EBT Margin figures stand at 20.86% (Q1 2026), 15.1% (Q4 2025), and 17.47% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 20.86% |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 4.54% |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 8.65% |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 13.74% |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | 118.58% |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | -2.47% |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | 36.99% |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 5.76% |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 18.89% |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 3.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -24.38% |