Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026)
Las Vegas Sands (LVS) reported Free Cash Flow of $589 million for Q3 2026, down 33.5% from $886 million a year earlier but up 68.3% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Las Vegas Sands' Free Cash Flow came in at $2.41 billion, up 86.1% year-over-year; for FY2025, it came in at $1.86 billion, up 13.3% from FY2024.
- By year, Free Cash Flow came in at $1.64 billion in FY2024 (-25.9%), $2.21 billion in FY2023, -$1.6 billion in FY2022 and -$1.07 billion in FY2021.
- Five-year quarterly Free Cash Flow spans a low of -$637 million in Q1 2022 and a high of $930 million in Q4 2025.
- Year over year, Free Cash Flow gained in three of the last six quarters, with growth averaging 94.3%.
- The high point for year-over-year Free Cash Flow in five years was Q3 2025 (growth of 299.1%); the low point was Q1 2025 (a decline of 71.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $350 million (Q2 2026), $537 million (Q1 2026) and $930 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.55 Bn | 12.37 Bn | 1.47 Bn | 589.00 Mn |
| 2 | DraftKings | 20.54 Bn | 16.21 Bn | 551.45 Mn | 106.85 Mn |
| 3 | Flutter Entertainment | 14.19 Bn | 7.93 Bn | 1.71 Bn | 349.00 Mn |
| 4 | Life Time Group Holdings | 10.64 Bn | 9.81 Bn | 419.01 Mn | -26.64 Mn |
| 5 | Wynn Resorts | 8.52 Bn | 2.07 Bn | 758.95 Mn | 338.90 Mn |
| 6 | MGM Resorts International | 8.26 Bn | -177.27 Mn | 1.73 Bn | 310.80 Mn |
| 7 | Madison Square Garden Sports | 7.58 Bn | 7.18 Bn | 119.21 Mn | 57.62 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 146.00 Mn |
| 9 | Churchill Downs | 6.72 Bn | 5.98 Bn | 207.00 Mn | 89.00 Mn |
| 10 | Caesars Entertainment | 5.98 Bn | 2.57 Bn | 1.44 Bn | 95.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 589.00 Mn |
| Jun 30, 2026 | 350.00 Mn |
| Mar 31, 2026 | 537.00 Mn |
| Dec 31, 2025 | 930.00 Mn |
| Sep 30, 2025 | 886.00 Mn |
| Jun 30, 2025 | -108.00 Mn |
| Mar 31, 2025 | 147.00 Mn |
| Dec 31, 2024 | 368.00 Mn |
| Sep 30, 2024 | 222.00 Mn |
| Jun 30, 2024 | 529.00 Mn |
| Mar 31, 2024 | 518.00 Mn |
| Dec 31, 2023 | 681.00 Mn |
| Sep 30, 2023 | 509.00 Mn |
| Jun 30, 2023 | 745.00 Mn |
| Mar 31, 2023 | 275.00 Mn |
| Dec 31, 2022 | -251.00 Mn |
| Sep 30, 2022 | -319.00 Mn |
| Jun 30, 2022 | -388.00 Mn |
| Mar 31, 2022 | -637.00 Mn |
| Dec 31, 2021 | -86.00 Mn |
API Access
Las Vegas Sands Free Cash Flow 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=free-cash-flow&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();