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
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