Las Vegas Sands (LVS) Leases (2009 - 2025)
Las Vegas Sands (LVS) posted quarterly Leases of $1.6 billion for Q4 2025, up 1.78% year-on-year from $1.6 billion in Q4 2024, and up 1.78% on a QoQ basis from $1.6 billion in Q4 2024.
Las Vegas Sands (LVS) Leases (2009 - 2025) Analysis & Trends
Las Vegas Sands (LVS) has reported Leases for 17 consecutive years, with $1.6 billion the latest figure, recorded in Q4 2025.
- Quarterly Leases rose 1.78% year-over-year to $1.6 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.6 billion (up 1.78% YoY) and the FY2025 annual result came in at $1.6 billion, up 1.78% from the prior year.
- Leases grew to $1.6 billion in Q4 2025 per LVS's latest filing, from $1.6 billion in the prior quarter.
- Over the last five years, Leases for LVS reached as high as $1.6 billion in Q4 2025 and fell as low as $1.5 billion in Q4 2021.
- A 5-year average of $1.6 billion and a median of $1.6 billion in 2024 frame the typical range for Leases.
- Annual changes were most pronounced in 2021 — Leases advanced 9.32% — and 2024, when it decreased 0.19%.
- Year by year, Leases stood at $1.5 billion in 2021, then gained by 1.17% to $1.6 billion in 2022, then increased by 1.22% to $1.6 billion in 2023, then retreated by 0.19% to $1.6 billion in 2024, then grew by 1.78% to $1.6 billion in 2025.
- According to Business Quant data, Leases over the past three periods registered $1.6 billion, $1.6 billion, and $1.6 billion for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 31.24 Bn | 27.86 Bn | 1.81 Bn | - |
| 2 | MGM Resorts International | 11.88 Bn | 9.59 Bn | 4.32 Bn | 22.88 Bn |
| 3 | Wynn Resorts | 10.30 Bn | 10.20 Bn | 1.75 Bn | 1.77 Bn |
| 4 | Boyd Gaming | 6.87 Bn | 6.49 Bn | 984.15 Mn | 628.91 Mn |
| 5 | Melco Resorts & Entertainment | 6.72 Bn | 6.09 Bn | - | 75.79 Mn |
| 6 | Caesars Entertainment | 6.12 Bn | 5.16 Bn | 2.78 Bn | - |
| 7 | Vail Resorts | 5.28 Bn | 5.26 Bn | - | 231.50 Mn |
| 8 | Hilton Grand Vacations | 4.15 Bn | 3.89 Bn | 1.23 Bn | 69.00 Mn |
| 9 | Red Rock Resorts | 3.79 Bn | 3.18 Bn | 433.13 Mn | 50.63 Mn |
| 10 | Marriott Vacations Worldwide | 3.41 Bn | 3.14 Bn | 1.14 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.60 Bn |
| Dec 31, 2024 | 1.57 Bn |
| Dec 31, 2023 | 1.57 Bn |
| Dec 31, 2022 | 1.55 Bn |
| Dec 31, 2021 | 1.54 Bn |
| Dec 31, 2020 | 1.41 Bn |
| Dec 31, 2019 | 190.00 Mn |
| Sep 30, 2019 | 185.00 Mn |
| Jun 30, 2019 | 190.00 Mn |
| Mar 31, 2019 | 195.00 Mn |
| Dec 31, 2018 | 1.36 Bn |
| Dec 31, 2017 | 1.31 Bn |
| Dec 31, 2016 | 1.25 Bn |
| Dec 31, 2015 | 1.20 Bn |
| Dec 31, 2014 | 1.13 Bn |
| Dec 31, 2013 | 1.04 Bn |
| Dec 31, 2012 | 1.01 Bn |
| Dec 31, 2011 | 807.30 Mn |
| Dec 31, 2010 | 678.40 Mn |
| Dec 31, 2009 | 385.70 Mn |