Las Vegas Sands (LVS) Net Income (2009 - 2026)
Las Vegas Sands (LVS) recorded Net Income of $373 million in Q2 2026, down 28.1% from $519 million a year earlier and down 41.8% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Net Income (2009 - 2026) Analysis & Trends
On a TTM basis, Las Vegas Sands' Net Income came in at $1.95 billion as of Jun 30, 2026, up 16.8% year-over-year; for FY2025, it came in at $1.87 billion, up 6.5% from FY2024.
- Annual Net Income has increased for three straight years.
- Across earlier years, Net Income came in at $1.75 billion in FY2024 (+22.4%), $1.43 billion in FY2023 (+5.5%), $1.36 billion in FY2022 and -$1.28 billion in FY2021.
- The Q2 2026 figure is the lowest quarterly Net Income since Q3 2024.
- On a year-over-year basis, Net Income rose in four of the last eight quarters, with growth averaging 4.6%.
- Peak year-over-year performance for Net Income in the last five years was growth of 302.1% in Q1 2024, against a decline of 94.0% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $641 million (Q1 2026), $448 million (Q4 2025) and $491 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.05 Bn | 11.15 Bn | 1.48 Bn | 373.00 Mn |
| 2 | Flutter Entertainment | 13.32 Bn | 6.69 Bn | 1.71 Bn | -296.00 Mn |
| 3 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 28.30 Mn |
| 4 | DraftKings | 9.57 Bn | 5.23 Bn | 551.45 Mn | -67.61 Mn |
| 5 | Life Time Group Holdings | 9.03 Bn | 8.26 Bn | 412.26 Mn | 101.36 Mn |
| 6 | Wynn Resorts | 7.89 Bn | 2.18 Bn | 758.95 Mn | 182.57 Mn |
| 7 | MGM Resorts International | 7.50 Bn | -1.53 Bn | 1.98 Bn | 322.79 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 120.00 Mn |
| 9 | Caesars Entertainment | 5.97 Bn | 2.41 Bn | 1.50 Bn | -62.00 Mn |
| 10 | Churchill Downs | 5.75 Bn | 4.98 Bn | 419.00 Mn | 242.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 373.00 Mn |
| Mar 31, 2026 | 641.00 Mn |
| Dec 31, 2025 | 448.00 Mn |
| Sep 30, 2025 | 491.00 Mn |
| Jun 30, 2025 | 519.00 Mn |
| Mar 31, 2025 | 408.00 Mn |
| Dec 31, 2024 | 392.00 Mn |
| Sep 30, 2024 | 353.00 Mn |
| Jun 30, 2024 | 424.00 Mn |
| Mar 31, 2024 | 583.00 Mn |
| Dec 31, 2023 | 382.00 Mn |
| Sep 30, 2023 | 380.00 Mn |
| Jun 30, 2023 | 312.00 Mn |
| Mar 31, 2023 | 147.00 Mn |
| Dec 31, 2022 | -169.00 Mn |
| Sep 30, 2022 | -239.00 Mn |
| Jun 30, 2022 | -290.00 Mn |
| Mar 31, 2022 | 2.53 Bn |
| Dec 31, 2021 | -123.00 Mn |
| Sep 30, 2021 | -368.00 Mn |
API Access
Las Vegas Sands Net Income 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=net-income&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();