Las Vegas Sands (LVS) Free Cash Flow (2009 - 2026)
Las Vegas Sands (LVS) recorded quarterly Free Cash Flow of $537.0 million in Q1 2026, down 42.26% quarter-over-quarter from $930.0 million in Q4 2025, and up 265.31% on a YoY basis from $147.0 million in Q1 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.
- In Q1 2026, Free Cash Flow rose 265.31% year-over-year to $537.0 million; the TTM figure through Mar 2026 stood at $2.2 billion (up 77.33% YoY), while the FY2025 annual figure was $1.9 billion, up 13.32% from the prior year.
- Free Cash Flow was $537.0 million for Q1 2026 at Las Vegas Sands, down from $930.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $930.0 million in Q4 2025 to a low of -$637.0 million in Q1 2022.
- Historically, Free Cash Flow has averaged $273.2 million across 5 years, with a median of $368.0 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow plunged 424.32% in 2022, then surged 371.31% in 2023.
- A 5-year view of Free Cash Flow shows it stood at -$251.0 million in 2022, then surged by 371.31% to $681.0 million in 2023, then slumped by 45.96% to $368.0 million in 2024, then surged by 152.72% to $930.0 million in 2025, then sank by 42.26% to $537.0 million in 2026.
- The last three Free Cash Flow figures came in at $537.0 million (Q1 2026), $930.0 million (Q4 2025), and $886.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | -25.61 Mn |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | -20.84 Mn |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 118.87 Mn |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 108.00 Mn |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 319.66 Mn |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 114.00 Mn |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 51.73 Mn |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | -12.00 Mn |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 68.20 Mn |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 537.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |