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Growth Metrics

Las Vegas Sands (LVS) Net Margin (2016 - 2025)

Las Vegas Sands has reported Net Margin over the past 16 years, most recently at 12.28% for Q4 2025.

  • Quarterly results put Net Margin at 12.28% for Q4 2025, down 126.0% from a year ago — trailing twelve months through Dec 2025 was 14.34% (down 117.0% YoY), and the annual figure for FY2025 was 14.34%, changed.
  • Net Margin for Q4 2025 was 12.28% at Las Vegas Sands, down from 14.74% in the prior quarter.
  • Over the last five years, Net Margin for LVS hit a ceiling of 308.27% in Q1 2022 and a floor of 5.18% in Q1 2021.
  • Median Net Margin over the past 4 years was 12.72% (2024), compared with a mean of 28.01%.
  • Peak annual rise in Net Margin hit 31346bps in 2022, while the deepest fall reached -1215bps in 2022.
  • Las Vegas Sands' Net Margin stood at 11.71% in 2021, then plummeted by -104bps to 0.45% in 2022, then surged by 3124bps to 13.54% in 2024, then decreased by -9bps to 12.28% in 2025.
  • The last three reported values for Net Margin were 12.28% (Q4 2025), 14.74% (Q3 2025), and 16.35% (Q2 2025) per Business Quant data.