KPIs & Operating Metrics(New)
Growth Metrics

Las Vegas Sands (LVS) Gross Margin (2016 - 2026)

Las Vegas Sands has reported Gross Margin over the past 18 years, most recently at 99.3% for Q1 2026.

  • For Q1 2026, Gross Margin rose 7.0% year-over-year to 99.3%; the TTM value through Mar 2026 reached 113.55%, up 3642.0%, while the annual FY2025 figure was 95.68%, 21.0% up from the prior year.
  • Gross Margin for Q1 2026 was 99.3% at Las Vegas Sands, down from 187.42% in the prior quarter.
  • Over five years, Gross Margin peaked at 187.42% in Q4 2025 and troughed at 37.6% in Q4 2023.
  • A 5-year average of 84.18% and a median of 96.08% in 2022 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: plummeted -14816bps in 2023 and later soared 12800bps in 2024.
  • Year by year, Gross Margin stood at 110.56% in 2022, then plummeted by -134bps to 37.6% in 2023, then skyrocketed by 340bps to 90.4% in 2024, then skyrocketed by 107bps to 187.42% in 2025, then crashed by -47bps to 99.3% in 2026.
  • Business Quant data shows Gross Margin for LVS at 99.3% in Q1 2026, 187.42% in Q4 2025, and 98.17% in Q3 2025.