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
DateValue
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%