Las Vegas Sands (LVS) Gross Margin (2009 - 2026)

Las Vegas Sands has reported Gross Margin for 18 years, with the latest figure at 57.23% in Q2 2026.

• On a quarterly basis, Gross Margin fell 365.0% year-over-year to 57.23% in Q2 2026; TTM through Jun 2026 was 58.28%, a 135.0% decrease from a year earlier, with the FY2025 full-year figure at 59.53%, up 34.0% from the prior year.
• Gross Margin was 57.23% for Q2 2026 at Las Vegas Sands, down from 58.02% in the prior quarter.
• The five-year high for Gross Margin was 60.88% in Q2 2025, with the low at 50.37% in Q1 2022.
• Average Gross Margin over 5 years is 58.59%, with a median of 58.99% recorded in 2023.
• The sharpest annual moves came in 2022 and 2026: Gross Margin soared 1183 bps in 2022, then plunged 365 bps in 2026.
• Over 5 years, Gross Margin stood at 58.01% in 2022, then rose by 5 bps to 60.86% in 2023, then slipped by 2 bps to 59.6% in 2024, then fell by 2 bps to 58.45% in 2025, then retreated by 2 bps to 57.23% in 2026.
• The last three Gross Margin figures came in at 57.23% (Q2 2026), 58.02% (Q1 2026), and 58.45% (Q4 2025), per Business Quant data.