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Growth Metrics

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

Las Vegas Sands has reported Gross Margin over the past 17 years, most recently at 200.3% for Q4 2025.

  • Quarterly results put Gross Margin at 200.3% for Q4 2025, up 9523.0% from a year ago — trailing twelve months through Dec 2025 was 126.39% (up 2742.0% YoY), and the annual figure for FY2025 was 99.29%, up 6.0%.
  • Gross Margin for Q4 2025 was 200.3% at Las Vegas Sands, up from 95.68% in the prior quarter.
  • Over the last five years, Gross Margin for LVS hit a ceiling of 200.3% in Q4 2025 and a floor of 58.01% in Q4 2022.
  • Median Gross Margin over the past 5 years was 97.36% (2022), compared with a mean of 98.82%.
  • Biggest five-year swings in Gross Margin: crashed -3802bps in 2022 and later soared 9523bps in 2025.
  • Las Vegas Sands' Gross Margin stood at 96.03% in 2021, then plummeted by -40bps to 58.01% in 2022, then soared by 65bps to 95.47% in 2023, then rose by 10bps to 105.08% in 2024, then soared by 91bps to 200.3% in 2025.
  • The last three reported values for Gross Margin were 200.3% (Q4 2025), 95.68% (Q3 2025), and 99.31% (Q2 2025) per Business Quant data.