Las Vegas Sands (LVS) Tax Rate (2009 - 2026)

Las Vegas Sands' (LVS) quarterly Tax Rate came in at 14.3% in Q1 2026, up 93.0% year-on-year from 7.41% in Q1 2025, and down 23.48% quarter-over-quarter from 18.69% in Q4 2025.

Las Vegas Sands (LVS) Tax Rate (2009 - 2026) Analysis & Trends

Las Vegas Sands' Tax Rate history runs 18 years deep, the most recent figure standing at 14.3% for Q1 2026.

  • On a quarterly basis, Tax Rate rose 93.0% year-over-year to 14.3% in Q1 2026; TTM through Mar 2026 was 15.7%, a 183.0% increase from a year earlier, with the FY2025 full-year figure at 15.68%, up 507.0% from the prior year.
  • Tax Rate slipped to 14.3% in Q1 2026 per LVS's latest filing, from 18.69% in the prior quarter.
  • Across five years, Tax Rate topped out at 25.64% in Q1 2023 and bottomed at 36.18% in Q2 2022.
  • The 5-year median for Tax Rate is 14.3% (2026), against an average of 8.94%.
  • Across the five-year window, Tax Rate plunged 3828 bps in 2022 and surged 4793 bps in 2023, its largest moves.
  • Year by year, Tax Rate stood at 6.27% in 2022, then surged by 231 bps to 20.78% in 2023, then fell by 28 bps to 14.97% in 2024, then grew by 25 bps to 18.69% in 2025, then dropped by 23 bps to 14.3% in 2026.
  • Per Business Quant, the three latest LVS Tax Rate figures stand at 14.3% (Q1 2026), 18.69% (Q4 2025), and 15.64% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 14.30
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 13.58
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 6.29
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 23.88
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -9.13
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn -16.90
7 Vail Resorts 5.23 Bn 5.21 Bn - 23.69
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 8.11
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 13.69
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn -49.40

Historic Data

Download Data
DateValue
Mar 31, 2026 14.30
Mar 31, 2026 14.30
Mar 31, 2026 14.30
Dec 31, 2025 18.69
Dec 31, 2025 18.69
Dec 31, 2025 18.69
Sep 30, 2025 15.64
Sep 30, 2025 15.64
Sep 30, 2025 15.64
Jun 30, 2025 14.78
Jun 30, 2025 14.78
Jun 30, 2025 14.78
Mar 31, 2025 13.38
Mar 31, 2025 13.38
Mar 31, 2025 13.38
Dec 31, 2024 14.97
Dec 31, 2024 14.97
Dec 31, 2024 14.97
Sep 30, 2024 12.41
Sep 30, 2024 12.41