Las Vegas Sands (LVS) Operating Income (2009 - 2026)
Las Vegas Sands' Operating Income came in at $618 million for Q2 2026, down 21.1% from $783 million a year earlier and down 31.6% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Operating Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Las Vegas Sands reported Operating Income of $2.95 billion, up 18.6% year-over-year; for FY2025, it was $2.82 billion, up 17.3% from FY2024.
- Going back by year, Operating Income was $2.4 billion in FY2024 (+3.8%), $2.31 billion in FY2023, -$792 million in FY2022 and -$689 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Operating Income since Q1 2025.
- Year-over-year, Operating Income increased in four of the last eight quarters, with growth averaging 8.0%.
- The fastest year-over-year change in Operating Income over five years came in Q1 2024 (growth of 89.7%), and the weakest in Q3 2024 (a decline of 26.7%).
- Business Quant data shows LVS's Operating Income at $904 million (Q1 2026), $707 million (Q4 2025) and $719 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 618.00 Mn |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | -68.17 Mn |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | -144.00 Mn |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 32.15 Mn |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 149.71 Mn |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 297.59 Mn |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 503.64 Mn |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | 513.00 Mn |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | - |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 357.00 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 |
API Access
Las Vegas Sands Operating Income 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=operating-income&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();