Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026)
Las Vegas Sands (LVS) reported Free Cash Flow of $350 million for Q2 2026, compared with -$108 million a year earlier and down 34.8% 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 Jun 30, 2026, Las Vegas Sands' Free Cash Flow came in at $2.7 billion, up 329.7% 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 90.5%.
- 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 Q2 2026 came in at $537 million (Q1 2026), $930 million (Q4 2025) and $886 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.05 Bn | 11.15 Bn | 1.48 Bn | 350.00 Mn |
| 2 | Flutter Entertainment | 13.32 Bn | 6.69 Bn | 1.71 Bn | 349.00 Mn |
| 3 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 57.62 Mn |
| 4 | DraftKings | 9.57 Bn | 5.23 Bn | 551.45 Mn | 106.85 Mn |
| 5 | Life Time Group Holdings | 9.03 Bn | 8.26 Bn | 412.26 Mn | -53.70 Mn |
| 6 | Wynn Resorts | 7.89 Bn | 2.18 Bn | 758.95 Mn | 338.90 Mn |
| 7 | MGM Resorts International | 7.50 Bn | -1.53 Bn | 1.98 Bn | 317.44 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 158.00 Mn |
| 9 | Caesars Entertainment | 5.97 Bn | 2.41 Bn | 1.50 Bn | 304.00 Mn |
| 10 | Churchill Downs | 5.75 Bn | 4.98 Bn | 419.00 Mn | 159.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | -432.00 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();