Las Vegas Sands (LVS) Enterprise Value (2009 - 2026)
Las Vegas Sands (LVS) reported Enterprise Value of $21.08 billion for Q3 2026, down 36.9% from $33.41 billion a year earlier and down 21.6% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Enterprise Value (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Las Vegas Sands' Enterprise Value came in at $10.53 billion, down 54.8% year-over-year; for FY2025, it was $40.44 billion, up 21.1% from FY2024.
- Enterprise Value has increased for four consecutive years, though with a five-year compound annual growth rate of -1.7% (FY2020 to FY2025).
- By year, Enterprise Value came in at $33.4 billion in FY2024 (+4.6%), $31.94 billion in FY2023 (+5.8%), $30.19 billion in FY2022 (+11.2%) and $27.15 billion in FY2021 (-38.3%).
- The Q3 2026 figure ranks as the lowest quarterly Enterprise Value since Q2 2022.
- Year over year, Enterprise Value gained in five of the last eight quarters, with an average decline of 0.8%.
- The high point for year-over-year Enterprise Value in five years was Q2 2023 (growth of 99.5%); the low point was Q2 2022 (a decline of 50.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $26.87 billion (Q2 2026), $32.8 billion (Q1 2026) and $40.44 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.08 Bn |
| Jun 30, 2026 | 26.87 Bn |
| Mar 31, 2026 | 32.80 Bn |
| Dec 31, 2025 | 40.44 Bn |
| Sep 30, 2025 | 33.41 Bn |
| Jun 30, 2025 | 26.73 Bn |
| Mar 31, 2025 | 24.61 Bn |
| Dec 31, 2024 | 33.40 Bn |
| Sep 30, 2024 | 32.51 Bn |
| Jun 30, 2024 | 28.00 Bn |
| Mar 31, 2024 | 33.63 Bn |
| Dec 31, 2023 | 31.94 Bn |
| Sep 30, 2023 | 29.35 Bn |
| Jun 30, 2023 | 38.37 Bn |
| Mar 31, 2023 | 37.13 Bn |
| Dec 31, 2022 | 30.19 Bn |
| Sep 30, 2022 | 22.71 Bn |
| Jun 30, 2022 | 19.23 Bn |
| Mar 31, 2022 | 23.41 Bn |
| Dec 31, 2021 | 27.15 Bn |
API Access
Las Vegas Sands Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();