Las Vegas Sands LVS
NYSE LVS
$42.60 -0.73 (-1.68%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Las Vegas Sands (LVS) posted Net Margin of 11.83% for Q2 2026, down 33.86% on a QoQ basis from 17.88% in Q1 2026, and down 452.0% year-over-year from 3.36% in Q2 2025.

Analysis

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

Las Vegas Sands has reported Net Margin for 18 years, with the latest figure at 11.83% in Q2 2026.

  • On a quarterly basis, Net Margin fell 452.0% year-over-year to 11.83% in Q2 2026; TTM through Jun 2026 was 14.24%, a 16.0% decrease from a year earlier, with the FY2025 full-year figure at 14.34%, down 117.0% from the prior year.
  • Net Margin was 11.83% for Q2 2026 at Las Vegas Sands, down from 17.88% in the prior quarter.
  • The five-year high for Net Margin was 257.58% in Q1 2022, with the low at 39.9% in Q2 2022.
  • Average Net Margin over 5 years is 19.88%, with a median of 14.37% recorded in 2025.
  • The sharpest annual moves came in 2022 and 2023: Net Margin jumped 28618 bps in 2022, then slumped 25074 bps in 2023.
  • Over 5 years, Net Margin stood at 24.53% in 2022, then soared by 166 bps to 16.09% in 2023, then retreated by 16 bps to 13.54% in 2024, then decreased by 9 bps to 12.28% in 2025, then fell by 4 bps to 11.83% in 2026.
  • The last three Net Margin figures came in at 11.83% (Q2 2026), 17.88% (Q1 2026), and 12.28% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Las Vegas Sands 27.90 Bn 24.52 Bn 1.81 Bn 11.83%
2 MGM Resorts International 10.33 Bn 7.78 Bn 3.10 Bn 7.25%
3 Wynn Resorts 9.08 Bn 7.50 Bn 1.14 Bn 9.83%
4 Caesars Entertainment 6.05 Bn 4.99 Bn 2.04 Bn -1.37%
5 Churchill Downs 5.79 Bn 5.59 Bn 712.00 Mn 24.69%
6 Boyd Gaming 5.71 Bn 5.39 Bn 766.76 Mn 12.56%
7 Red Rock Resorts 3.17 Bn 2.56 Bn 420.02 Mn 15.01%
8 PENN Entertainment 2.28 Bn 1.39 Bn 1.02 Bn 1.76%
9 Monarch Casino & Resort 2.14 Bn 2.00 Bn 38.62 Mn 22.81%
10 Melco Resorts & Entertainment 1.99 Bn 1.42 Bn 1.05 Bn 3.09%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 11.83%
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, 2023 16.09%
Sep 30, 2023 16.06%
Jun 30, 2023 14.48%
Mar 31, 2023 6.84%
Dec 31, 2022 -24.53%
Sep 30, 2022 -37.91%
Jun 30, 2022 -39.90%
Mar 31, 2022 257.58%
Dec 31, 2021 -19.54%
Sep 30, 2021 -57.76%