Las Vegas Sands (LVS) Operating Income (2009 - 2026)

Las Vegas Sands' (LVS) quarterly Operating Income came in at $904.0 million in Q1 2026, up 48.44% year-on-year from $609.0 million in Q1 2025, and up 27.86% quarter-over-quarter from $707.0 million in Q4 2025.

Las Vegas Sands (LVS) Operating Income (2009 - 2026) Analysis & Trends

Las Vegas Sands' Operating Income history runs 18 years deep, the most recent figure standing at $904.0 million for Q1 2026.

  • On a quarterly basis, Operating Income rose 48.44% year-over-year to $904.0 million in Q1 2026; TTM through Mar 2026 was $3.1 billion, a 35.7% increase from a year earlier, with the FY2025 full-year figure at $2.8 billion, up 17.32% from the prior year.
  • Operating Income advanced to $904.0 million in Q1 2026 per LVS's latest filing, from $707.0 million in the prior quarter.
  • Across five years, Operating Income topped out at $904.0 million in Q1 2026 and bottomed at -$302.0 million in Q1 2022.
  • The 5-year median for Operating Income is $591.0 million (2024), against an average of $449.7 million.
  • Across the five-year window, Operating Income sank 214.58% in 2022 and surged 527.71% in 2023, its largest moves.
  • Year by year, Operating Income stood at -$166.0 million in 2022, then jumped by 527.71% to $710.0 million in 2023, then declined by 16.9% to $590.0 million in 2024, then grew by 19.83% to $707.0 million in 2025, then increased by 27.86% to $904.0 million in 2026.
  • Per Business Quant, the three latest LVS Operating Income figures stand at $904.0 million (Q1 2026), $707.0 million (Q4 2025), and $719.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 904.00 Mn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 301.24 Mn
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 282.60 Mn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 163.99 Mn
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 500.00 Mn
7 Vail Resorts 5.23 Bn 5.21 Bn - 494.13 Mn
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 84.00 Mn
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 143.68 Mn
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn 304.07 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 904.00 Mn
Dec 31, 2025 707.00 Mn
Sep 30, 2025 719.00 Mn
Jun 30, 2025 783.00 Mn
Mar 31, 2025 609.00 Mn
Dec 31, 2024 590.00 Mn
Sep 30, 2024 504.00 Mn
Jun 30, 2024 591.00 Mn
Mar 31, 2024 717.00 Mn
Dec 31, 2023 710.00 Mn
Sep 30, 2023 688.00 Mn
Jun 30, 2023 537.00 Mn
Mar 31, 2023 378.00 Mn
Dec 31, 2022 -166.00 Mn
Sep 30, 2022 -177.00 Mn
Jun 30, 2022 -147.00 Mn
Mar 31, 2022 -302.00 Mn
Dec 31, 2021 -138.00 Mn
Sep 30, 2021 -316.00 Mn
Jun 30, 2021 -139.00 Mn