KPIs & Operating Metrics(New)
Growth Metrics

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

Las Vegas Sands (LVS) has 17 years of Operating Margin data on record, last reported at 19.38% in Q4 2025.

  • For Q4 2025, Operating Margin fell 100.0% year-over-year to 19.38%; the TTM value through Dec 2025 reached 21.65%, up 39.0%, while the annual FY2025 figure was 21.65%, 128.0% up from the prior year.
  • Operating Margin reached 19.38% in Q4 2025 per LVS's latest filing, down from 21.59% in the prior quarter.
  • Across five years, Operating Margin topped out at 24.66% in Q2 2025 and bottomed at 36.87% in Q3 2021.
  • Average Operating Margin over 5 years is 5.53%, with a median of 19.08% recorded in 2024.
  • Peak YoY movement for Operating Margin: skyrocketed 120912bps in 2021, then crashed -2400bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 13.69% in 2021, then dropped by -9bps to 14.86% in 2022, then soared by 264bps to 24.36% in 2023, then fell by -16bps to 20.37% in 2024, then decreased by -5bps to 19.38% in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Margin were 19.38% in Q4 2025, 21.59% in Q3 2025, and 24.66% in Q2 2025.