KPIs & Operating Metrics(New)
Growth Metrics

Las Vegas Sands (LVS) Gross Margin (2016 - 2025)

Las Vegas Sands (LVS) has 17 years of Gross Margin data on record, last reported at 91.64% in Q4 2025.

  • For Q4 2025, Gross Margin fell 1844.0% year-over-year to 91.64%; the TTM value through Dec 2025 reached 95.68%, up 1478.0%, while the annual FY2025 figure was 95.68%, 131.0% down from the prior year.
  • Gross Margin reached 91.64% in Q4 2025 per LVS's latest filing, down from 99.97% in the prior quarter.
  • Across five years, Gross Margin topped out at 110.08% in Q4 2024 and bottomed at 20.5% in Q2 2024.
  • Average Gross Margin over 5 years is 91.76%, with a median of 95.67% recorded in 2024.
  • Peak YoY movement for Gross Margin: skyrocketed 22946bps in 2021, then tumbled -7671bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 80.56% in 2021, then grew by 13bps to 91.05% in 2022, then decreased by 0bps to 90.6% in 2023, then rose by 22bps to 110.08% in 2024, then fell by -17bps to 91.64% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 91.64% in Q4 2025, 99.97% in Q3 2025, and 95.91% in Q2 2025.