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

Las Vegas Sands has reported Operating Margin for 18 years, with the latest figure at 19.59% in Q2 2026.

• On a quarterly basis, Operating Margin fell 507.0% year-over-year to 19.59% in Q2 2026; TTM through Jun 2026 was 21.49%, a 9.0% increase from a year earlier, with the FY2025 full-year figure at 21.65%, up 39.0% from the prior year.
• Operating Margin was 19.59% for Q2 2026 at Las Vegas Sands, down from 25.22% in the prior quarter.
• The five-year high for Operating Margin was 25.22% in Q1 2026, with the low at 32.03% in Q1 2022.
• Average Operating Margin over 5 years is 12.55%, with a median of 20.75% recorded in 2023.
• The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 2400 bps in 2022, then jumped 4986 bps in 2023.
• Over 5 years, Operating Margin stood at 14.86% in 2022, then jumped by 264 bps to 24.36% in 2023, then dropped by 16 bps to 20.37% in 2024, then fell by 5 bps to 19.38% in 2025, then climbed by 1 bps to 19.59% in 2026.
• The last three Operating Margin figures came in at 19.59% (Q2 2026), 25.22% (Q1 2026), and 19.38% (Q4 2025), per Business Quant data.