Las Vegas Sands (LVS) Invested Capital (2009 - 2026)
Las Vegas Sands (LVS) posted Invested Capital of $16.16 billion for Q2 2026, down 10.7% from $18.1 billion a year earlier and down 6.8% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Las Vegas Sands' Invested Capital came in at $17.72 billion, up 4.8% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- In prior years, Las Vegas Sands' Invested Capital was $16.91 billion in FY2024 (-6.7%), $18.13 billion in FY2023 (-7.6%), $19.63 billion in FY2022 (+15.2%) and $17.04 billion in FY2021 (-2.8%).
- The Q2 2026 figure stands as the lowest quarterly Invested Capital in data going back to Q4 2009.
- On a year-over-year basis, Invested Capital increased in three of the last eight quarters, with an average decline of 2.5%.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2022, with growth of 15.2%; the weakest was Q2 2026, with a decline of 10.7%.
- According to Business Quant data, Invested Capital for the three prior quarters was $17.33 billion (Q1 2026), $17.72 billion (Q4 2025) and $17.64 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.05 Bn | 11.15 Bn | 1.48 Bn | 16.16 Bn |
| 2 | Flutter Entertainment | 13.32 Bn | 6.69 Bn | 1.71 Bn | 20.96 Bn |
| 3 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | -4.80 Mn |
| 4 | DraftKings | 9.57 Bn | 5.23 Bn | 551.45 Mn | 1.14 Bn |
| 5 | Life Time Group Holdings | 9.03 Bn | 8.26 Bn | 412.26 Mn | 4.80 Bn |
| 6 | Wynn Resorts | 7.89 Bn | 2.18 Bn | 758.95 Mn | 9.82 Bn |
| 7 | MGM Resorts International | 7.50 Bn | -1.53 Bn | 1.98 Bn | 9.44 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 5.43 Bn |
| 9 | Caesars Entertainment | 5.97 Bn | 2.41 Bn | 1.50 Bn | 15.25 Bn |
| 10 | Churchill Downs | 5.75 Bn | 4.98 Bn | 419.00 Mn | 6.11 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();