Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026)
Las Vegas Sands' (LVS) quarterly Free Cash Flow came in at $537.0 million in Q1 2026, up 265.31% year-on-year from $147.0 million in Q1 2025, and down 42.26% quarter-over-quarter from $930.0 million in Q4 2025.
Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026) Analysis & Trends
Las Vegas Sands' Free Cash Flow history runs 18 years deep, the most recent figure standing at $537.0 million for Q1 2026.
- On a quarterly basis, Free Cash Flow rose 265.31% year-over-year to $537.0 million in Q1 2026; TTM through Mar 2026 was $2.2 billion, a 77.33% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 13.32% from the prior year.
- Free Cash Flow retreated to $537.0 million in Q1 2026 per LVS's latest filing, from $930.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $930.0 million in Q4 2025 and bottomed at -$637.0 million in Q1 2022.
- The 5-year median for Free Cash Flow is $368.0 million (2024), against an average of $273.2 million.
- Across the five-year window, Free Cash Flow plunged 424.32% in 2022 and jumped 371.31% in 2023, its largest moves.
- Year by year, Free Cash Flow stood at -$251.0 million in 2022, then surged by 371.31% to $681.0 million in 2023, then plunged by 45.96% to $368.0 million in 2024, then surged by 152.72% to $930.0 million in 2025, then tumbled by 42.26% to $537.0 million in 2026.
- Per Business Quant, the three latest LVS Free Cash Flow figures stand at $537.0 million (Q1 2026), $930.0 million (Q4 2025), and $886.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 537.00 Mn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 413.13 Mn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | -25.61 Mn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 92.19 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | 118.87 Mn |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 36.00 Mn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | -28.24 Mn |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 114.00 Mn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 51.73 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 537.00 Mn |
| Mar 31, 2026 | 537.00 Mn |
| Dec 31, 2025 | 930.00 Mn |
| Dec 31, 2025 | 930.00 Mn |
| Sep 30, 2025 | 886.00 Mn |
| Sep 30, 2025 | 886.00 Mn |
| Jun 30, 2025 | -108.00 Mn |
| Jun 30, 2025 | -108.00 Mn |
| Mar 31, 2025 | 147.00 Mn |
| Mar 31, 2025 | 147.00 Mn |
| Dec 31, 2024 | 368.00 Mn |
| Dec 31, 2024 | 368.00 Mn |
| Sep 30, 2024 | 222.00 Mn |
| Sep 30, 2024 | 222.00 Mn |
| Jun 30, 2024 | 529.00 Mn |
| Jun 30, 2024 | 529.00 Mn |
| Mar 31, 2024 | 518.00 Mn |
| Mar 31, 2024 | 518.00 Mn |
| Dec 31, 2023 | 681.00 Mn |
| Dec 31, 2023 | 681.00 Mn |