Las Vegas Sands (LVS) Net Margin (2009 - 2026)
Las Vegas Sands (LVS) reported Net Margin of 10.97% for Q2 2026, down 3.55 percentage points from 14.52% a year earlier and down 4.85 percentage points from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Las Vegas Sands' Net Margin came in at 12.59%, up 0.43 percentage points year-over-year; for FY2025, it was 12.50%, down 0.30 percentage points from FY2024.
- Net Margin has a five-year change of +69.81 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 12.80% in FY2024 (+1.03 pp), 11.77% in FY2023 (-32.80 pp), 44.57% in FY2022 (+67.27 pp) and -22.70% in FY2021 (+34.62 pp).
- Five-year quarterly Net Margin spans a low of -42.94% in Q3 2021 and a high of 268.29% in Q1 2022.
- Year over year, Net Margin gained in three of the last eight quarters, with an average year-over-year change of -0.75 percentage points.
- The high point for year-over-year Net Margin in five years was Q1 2022 (a gain of 291.54 percentage points); the low point was Q1 2023 (a drop of 261.36 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.82% (Q1 2026), 10.82% (Q4 2025) and 12.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 10.97% |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | -4.68% |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | -6.33% |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 10.15% |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 11.70% |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 7.54% |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 6.57% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | -2.07% |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | 17.54% |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 24.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.97% |
| Mar 31, 2026 | 15.82% |
| Dec 31, 2025 | 10.82% |
| Sep 30, 2025 | 12.58% |
| Jun 30, 2025 | 14.52% |
| Mar 31, 2025 | 12.30% |
| Dec 31, 2024 | 11.19% |
| Sep 30, 2024 | 10.25% |
| Jun 30, 2024 | 12.79% |
| Mar 31, 2024 | 16.69% |
| Dec 31, 2023 | 13.10% |
| Sep 30, 2023 | 13.60% |
| Jun 30, 2023 | 12.27% |
| Mar 31, 2023 | 6.93% |
| Dec 31, 2022 | -15.13% |
| Sep 30, 2022 | -23.78% |
| Jun 30, 2022 | -27.75% |
| Mar 31, 2022 | 268.29% |
| Dec 31, 2021 | -12.20% |
| Sep 30, 2021 | -42.94% |
API Access
Las Vegas Sands Net Margin 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-margin&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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-margin&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();