Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly Free Cash Flow of $350.0 million for Q2 2026, up 424.07% year-on-year from $66.8 million in Q2 2025, and down 34.82% on a QoQ basis from $537.0 million in Q1 2026.
Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026) Analysis & Trends
Las Vegas Sands (LVS) has reported Free Cash Flow for 18 consecutive years, with $350.0 million the latest figure, recorded in Q2 2026.
- Quarterly Free Cash Flow rose 424.07% year-over-year to $350.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.7 billion (up 329.73% YoY) and the FY2025 annual result came in at $1.9 billion, up 13.32% from the prior year.
- Free Cash Flow eased to $350.0 million in Q2 2026 per LVS's latest filing, from $537.0 million in the prior quarter.
- Over the last five years, Free Cash Flow for LVS reached as high as $930.0 million in Q4 2025 and fell as low as -$637.0 million in Q1 2022.
- A 5-year average of $277.4 million and a median of $359.0 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 424.32% — and 2026, when it jumped 424.07%.
- Year by year, Free Cash Flow stood at -$251.0 million in 2022, then jumped by 371.31% to $681.0 million in 2023, then slumped by 45.96% to $368.0 million in 2024, then jumped by 152.72% to $930.0 million in 2025, then sank by 62.37% to $350.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $350.0 million, $537.0 million, and $930.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 38.43 Bn | 35.51 Bn | 1.81 Bn | 350.00 Mn |
| 2 | MGM Resorts International | 11.52 Bn | 9.24 Bn | 4.32 Bn | 413.13 Mn |
| 3 | Wynn Resorts | 9.98 Bn | 9.14 Bn | 1.75 Bn | -25.61 Mn |
| 4 | Boyd Gaming | 6.65 Bn | 6.28 Bn | 984.15 Mn | 92.19 Mn |
| 5 | Melco Resorts & Entertainment | 6.65 Bn | 6.35 Bn | - | 118.87 Mn |
| 6 | Caesars Entertainment | 6.10 Bn | 5.32 Bn | 2.78 Bn | 36.00 Mn |
| 7 | Vail Resorts | 5.14 Bn | 5.48 Bn | - | -28.24 Mn |
| 8 | Hilton Grand Vacations | 3.97 Bn | 3.86 Bn | 1.23 Bn | 114.00 Mn |
| 9 | Red Rock Resorts | 3.65 Bn | 3.16 Bn | 433.13 Mn | 51.73 Mn |
| 10 | Studio City International Holdings | 3.64 Bn | 3.57 Bn | 155.38 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 350.00 Mn |
| Jun 30, 2026 | 350.00 Mn |
| 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 |