Las Vegas Sands (LVS) Net Margin (2009 - 2026)

Las Vegas Sands' (LVS) quarterly Net Margin came in at 17.88% in Q1 2026, up 362.0% year-on-year from 3.87% in Q1 2025, and up 45.63% quarter-over-quarter from 12.28% in Q4 2025.

Las Vegas Sands (LVS) Net Margin (2009 - 2026) Analysis & Trends

Las Vegas Sands' Net Margin history runs 17 years deep, the most recent figure standing at 17.88% for Q1 2026.

  • On a quarterly basis, Net Margin rose 362.0% year-over-year to 17.88% in Q1 2026; TTM through Mar 2026 was 15.28%, a 120.0% increase from a year earlier, with the FY2025 full-year figure at 14.34%, changed N/A from the prior year.
  • Net Margin improved to 17.88% in Q1 2026 per LVS's latest filing, from 12.28% in the prior quarter.
  • Across five years, Net Margin topped out at 308.27% in Q1 2022 and bottomed at 0.45% in Q4 2022.
  • The 4-year median for Net Margin is 14.26% (2025), against an average of 34.21%.
  • Biggest YoY gain for Net Margin was 31346 bps in 2022; the steepest drop was 1215 bps in 2022.
  • Year by year, Net Margin stood at 0.45% in 2022, then jumped by 3124 bps to 13.54% in 2024, then retreated by 9 bps to 12.28% in 2025, then jumped by 46 bps to 17.88% in 2026.
  • Per Business Quant, the three latest LVS Net Margin figures stand at 17.88% (Q1 2026), 12.28% (Q4 2025), and 14.74% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 17.88%
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 3.92%
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 8.11%
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 10.46%
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - 129.40%
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn -2.89%
7 Vail Resorts 5.23 Bn 5.21 Bn - 28.23%
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 5.29%
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 16.31%
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn 5.38%

Historic Data

Download Data
DateValue
Mar 31, 2026 17.88%
Dec 31, 2025 12.28%
Sep 30, 2025 14.74%
Jun 30, 2025 16.35%
Mar 31, 2025 14.26%
Dec 31, 2024 13.54%
Sep 30, 2024 13.16%
Jun 30, 2024 15.36%
Mar 31, 2024 19.70%
Dec 31, 2022 -0.45%
Sep 30, 2022 -0.10%
Jun 30, 2022 -0.29%
Mar 31, 2022 308.27%
Dec 31, 2021 11.71%
Sep 30, 2021 11.55%
Jun 30, 2021 3.24%
Mar 31, 2021 -5.18%
Dec 31, 2020 -7.19%
Sep 30, 2020 -15.02%
Jun 30, 2020 -232.26%