Las Vegas Sands (LVS) Operating Income (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly Operating Income of $618.0 million for Q2 2026, down 21.07% year-over-year from $783.0 million in Q2 2025, and down 31.64% quarter-over-quarter from $904.0 million in Q1 2026.
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 $618.0 million for Q2 2026.
- In Q2 2026, Operating Income fell 21.07% year-over-year to $618.0 million; the TTM figure through Jun 2026 stood at $2.9 billion (up 18.58% YoY), while the FY2025 annual figure was $2.8 billion, up 17.32% from the prior year.
- Operating Income for Q2 2026 stood at $618.0 million, 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.
- The 5-year median for Operating Income is $600.0 million (2024), against an average of $459.1 million.
- The sharpest annual moves came in 2022 and 2023: Operating Income plunged 214.58% in 2022, then surged 527.71% in 2023.
- Las Vegas Sands' Operating Income stood at -$166.0 million in 2022, then soared by 527.71% to $710.0 million in 2023, then dropped by 16.9% to $590.0 million in 2024, then climbed by 19.83% to $707.0 million in 2025, then retreated by 12.59% to $618.0 million in 2026.
- Business Quant data shows LVS's Operating Income at $618.0 million in Q2 2026, $904.0 million in Q1 2026, and $707.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 618.00 Mn |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 503.64 Mn |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 297.59 Mn |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 200.70 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 513.00 Mn |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | 494.13 Mn |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 132.00 Mn |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | -768.00 Mn |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 136.00 Mn |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 131.70 Mn |
Historic Data
Download 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 |