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
DateValue
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