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
DateValue
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