Las Vegas Sands (LVS) Net Margin (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly Net Margin of 11.83% for Q2 2026, down 452.0% year-over-year from 3.36% in Q2 2025, and down 33.86% quarter-over-quarter from 17.88% in Q1 2026.
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 11.83% for Q2 2026.
- In Q2 2026, Net Margin fell 452.0% year-over-year to 11.83%; the TTM figure through Jun 2026 stood at 14.24% (down 16.0% YoY), while the FY2025 annual figure was 14.34%, changed N/A from the prior year.
- Net Margin for Q2 2026 stood at 11.83%, down from 17.88% in the prior quarter.
- The five-year high for Net Margin was 308.27% in Q1 2022, with the low at 0.45% in Q4 2022.
- The 4-year median for Net Margin is 13.9% (2024), against an average of 32.61%.
- Peak annual rise in Net Margin reached 31346 bps in 2022, while the deepest fall reached 1215 bps in 2022.
- Las Vegas Sands' Net Margin stood at 0.45% in 2022, then soared by 3124 bps to 13.54% in 2024, then fell by 9 bps to 12.28% in 2025, then dropped by 4 bps to 11.83% in 2026.
- Business Quant data shows LVS's Net Margin at 11.83% in Q2 2026, 17.88% in Q1 2026, and 12.28% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.78 Bn | 27.40 Bn | 1.81 Bn | 11.83% |
| 2 | MGM Resorts International | 11.10 Bn | 8.55 Bn | 3.10 Bn | 7.25% |
| 3 | Wynn Resorts | 10.30 Bn | 8.73 Bn | 1.14 Bn | 9.83% |
| 4 | Caesars Entertainment | 6.07 Bn | 5.01 Bn | 2.04 Bn | -1.37% |
| 5 | Boyd Gaming | 6.06 Bn | 5.73 Bn | 766.76 Mn | 12.56% |
| 6 | Vail Resorts | 5.46 Bn | 5.09 Bn | - | 28.23% |
| 7 | Marriott Vacations Worldwide | 3.91 Bn | 3.61 Bn | 1.29 Bn | 5.83% |
| 8 | Hilton Grand Vacations | 3.57 Bn | 3.30 Bn | 499.00 Mn | 1.10% |
| 9 | Red Rock Resorts | 3.53 Bn | 2.93 Bn | 420.02 Mn | 15.01% |
| 10 | PENN Entertainment | 2.49 Bn | 1.60 Bn | 1.02 Bn | 1.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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, 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% |