Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026)

Las Vegas Sands (LVS) recorded quarterly Free Cash Flow of $537.0 million in Q1 2026, down 42.26% quarter-over-quarter from $930.0 million in Q4 2025, and up 265.31% on a YoY basis from $147.0 million in Q1 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.

  • In Q1 2026, Free Cash Flow rose 265.31% year-over-year to $537.0 million; the TTM figure through Mar 2026 stood at $2.2 billion (up 77.33% YoY), while the FY2025 annual figure was $1.9 billion, up 13.32% from the prior year.
  • Free Cash Flow was $537.0 million for Q1 2026 at Las Vegas Sands, down from $930.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $930.0 million in Q4 2025 to a low of -$637.0 million in Q1 2022.
  • Historically, Free Cash Flow has averaged $273.2 million across 5 years, with a median of $368.0 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Free Cash Flow plunged 424.32% in 2022, then surged 371.31% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at -$251.0 million in 2022, then surged by 371.31% to $681.0 million in 2023, then slumped by 45.96% to $368.0 million in 2024, then surged by 152.72% to $930.0 million in 2025, then sank by 42.26% to $537.0 million in 2026.
  • The last three Free Cash Flow figures came in at $537.0 million (Q1 2026), $930.0 million (Q4 2025), and $886.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Wynn Resorts 10.77 Bn 9.94 Bn 1.77 Bn -25.61 Mn
2 Boyd Gaming 6.75 Bn 6.74 Bn 742.51 Mn -20.84 Mn
3 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - 118.87 Mn
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn 108.00 Mn
5 Vail Resorts 4.85 Bn 4.81 Bn - 319.66 Mn
6 Hilton Grand Vacations 4.07 Bn 3.97 Bn 1.10 Bn 114.00 Mn
7 Red Rock Resorts 3.34 Bn 3.31 Bn 491.72 Mn 51.73 Mn
8 Marriott Vacations Worldwide 3.09 Bn 2.82 Bn 1.23 Bn -12.00 Mn
9 PENN Entertainment 2.57 Bn 1.85 Bn 971.20 Mn 68.20 Mn
10 Las Vegas Sands - - 3.56 Bn 537.00 Mn

Historic Data

Download Data
DateValue
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