Las Vegas Sands (LVS) Operating Income (2009 - 2026)
Las Vegas Sands (LVS) posted Operating Income of $618.0 million for Q2 2026, down 31.64% on a QoQ basis from $904.0 million in Q1 2026, and down 21.07% year-over-year from $783.0 million in Q2 2025.
Analysis
Las Vegas Sands (LVS) Operating Income (2009 - 2026) Analysis & Trends
Las Vegas Sands has reported Operating Income for 18 years, with the latest figure at $618.0 million in Q2 2026.
- On a quarterly basis, Operating Income fell 21.07% year-over-year to $618.0 million in Q2 2026; TTM through Jun 2026 was $2.9 billion, a 18.58% increase from a year earlier, with the FY2025 full-year figure at $2.8 billion, up 17.32% from the prior year.
- Operating Income was $618.0 million for Q2 2026 at Las Vegas Sands, down from $904.0 million in the prior quarter.
- The five-year high for Operating Income was $904.0 million in Q1 2026, with the low at -$302.0 million in Q1 2022.
- Average Operating Income over 5 years is $459.1 million, with a median of $600.0 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Income plunged 214.58% in 2022, then jumped 527.71% in 2023.
- Over 5 years, Operating Income stood at -$166.0 million in 2022, then surged by 527.71% to $710.0 million in 2023, then fell by 16.9% to $590.0 million in 2024, then increased by 19.83% to $707.0 million in 2025, then slipped by 12.59% to $618.0 million in 2026.
- The last three Operating Income figures came in at $618.0 million (Q2 2026), $904.0 million (Q1 2026), and $707.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.90 Bn | 24.52 Bn | 1.81 Bn | 618.00 Mn |
| 2 | MGM Resorts International | 10.33 Bn | 7.78 Bn | 3.10 Bn | 503.64 Mn |
| 3 | Wynn Resorts | 9.08 Bn | 7.50 Bn | 1.14 Bn | 297.59 Mn |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 513.00 Mn |
| 5 | Churchill Downs | 5.79 Bn | 5.59 Bn | 712.00 Mn | 357.00 Mn |
| 6 | Boyd Gaming | 5.71 Bn | 5.39 Bn | 766.76 Mn | 200.70 Mn |
| 7 | Red Rock Resorts | 3.17 Bn | 2.56 Bn | 420.02 Mn | 136.00 Mn |
| 8 | PENN Entertainment | 2.28 Bn | 1.39 Bn | 1.02 Bn | 131.70 Mn |
| 9 | Monarch Casino & Resort | 2.14 Bn | 2.00 Bn | 38.62 Mn | -65.35 Mn |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.42 Bn | 1.05 Bn | 72.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 618.00 Mn |
| 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 |