Las Vegas Sands (LVS) Invested Capital (2009 - 2026)
Las Vegas Sands (LVS) posted Invested Capital of $16.2 billion for Q2 2026, down 6.77% on a QoQ basis from $17.3 billion in Q1 2026, and down 10.73% year-over-year from $18.1 billion in Q2 2025.
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Analysis
Las Vegas Sands (LVS) Invested Capital (2009 - 2026) Analysis & Trends
Las Vegas Sands has reported Invested Capital for 18 years, with the latest figure at $16.2 billion in Q2 2026.
- On a quarterly basis, Invested Capital fell 10.73% year-over-year to $16.2 billion in Q2 2026; TTM through Jun 2026 was $16.2 billion, a 10.73% decrease from a year earlier, with the FY2025 full-year figure at $17.7 billion, up 4.77% from the prior year.
- Invested Capital was $16.2 billion for Q2 2026 at Las Vegas Sands, down from $17.3 billion in the prior quarter.
- The five-year high for Invested Capital was $19.8 billion in Q1 2023, with the low at $16.2 billion in Q2 2026.
- Average Invested Capital over 5 years is $18.2 billion, with a median of $18.0 billion recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Invested Capital increased 15.2% in 2022, then retreated 10.73% in 2026.
- Over 5 years, Invested Capital stood at $19.6 billion in 2022, then retreated by 7.64% to $18.1 billion in 2023, then fell by 6.73% to $16.9 billion in 2024, then grew by 4.77% to $17.7 billion in 2025, then decreased by 8.8% to $16.2 billion in 2026.
- The last three Invested Capital figures came in at $16.2 billion (Q2 2026), $17.3 billion (Q1 2026), and $17.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.40 Bn | 22.34 Bn | 1.81 Bn | 16.16 Bn |
| 2 | DraftKings | 18.89 Bn | 17.90 Bn | 551.45 Mn | 1.14 Bn |
| 3 | Flutter Entertainment | 14.91 Bn | 13.72 Bn | 1.71 Bn | 21.06 Bn |
| 4 | MGM Resorts International | 9.52 Bn | 7.83 Bn | 3.10 Bn | 9.44 Bn |
| 5 | Madison Square Garden Sports | 9.51 Bn | 9.35 Bn | 119.21 Mn | 11.70 Mn |
| 6 | Life Time Group Holdings | 8.86 Bn | 8.63 Bn | 412.26 Mn | 4.83 Bn |
| 7 | Wynn Resorts | 8.42 Bn | 6.11 Bn | 1.14 Bn | 11.25 Bn |
| 8 | Super Group (SGHC) | 6.08 Bn | 5.53 Bn | - | 857.00 Mn |
| 9 | Caesars Entertainment | 6.03 Bn | 5.15 Bn | 2.04 Bn | 15.47 Bn |
| 10 | Churchill Downs | 5.61 Bn | 5.46 Bn | 712.00 Mn | 4.49 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.16 Bn |
| Mar 31, 2026 | 17.33 Bn |
| Dec 31, 2025 | 17.72 Bn |
| Sep 30, 2025 | 17.64 Bn |
| Jun 30, 2025 | 18.10 Bn |
| Mar 31, 2025 | 16.88 Bn |
| Dec 31, 2024 | 16.91 Bn |
| Sep 30, 2024 | 17.66 Bn |
| Jun 30, 2024 | 17.63 Bn |
| Mar 31, 2024 | 17.98 Bn |
| Dec 31, 2023 | 18.13 Bn |
| Sep 30, 2023 | 18.85 Bn |
| Jun 30, 2023 | 19.08 Bn |
| Mar 31, 2023 | 19.82 Bn |
| Dec 31, 2022 | 19.63 Bn |
| Sep 30, 2022 | 19.07 Bn |
| Jun 30, 2022 | 19.59 Bn |
| Mar 31, 2022 | 19.65 Bn |
| Dec 31, 2021 | 17.04 Bn |
| Sep 30, 2021 | 16.96 Bn |
API Access
Las Vegas Sands Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();