Las Vegas Sands (LVS) Tax Rate (2009 - 2026)
Las Vegas Sands (LVS) recorded quarterly Tax Rate of 14.3% in Q1 2026, down 23.48% quarter-over-quarter from 18.69% in Q4 2025, and up 93.0% on a YoY basis from 7.41% in Q1 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.
- In Q1 2026, Tax Rate rose 93.0% year-over-year to 14.3%; the TTM figure through Mar 2026 stood at 15.7% (up 183.0% YoY), while the FY2025 annual figure was 15.68%, up 507.0% from the prior year.
- Tax Rate was 14.3% for Q1 2026 at Las Vegas Sands, down from 18.69% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.64% in Q1 2023 to a low of 36.18% in Q2 2022.
- Historically, Tax Rate has averaged 8.94% across 5 years, with a median of 14.3% in 2026.
- The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 3828 bps in 2022, then soared 4793 bps in 2023.
- A 5-year view of Tax Rate shows it 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.
- The last three Tax Rate figures came in at 14.3% (Q1 2026), 18.69% (Q4 2025), and 15.64% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 6.31% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 23.88% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | -9.13% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | -16.90% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 24.25% |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 8.11% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 13.69% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 51.11% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 147.46% |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 14.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.30% |
| Mar 31, 2026 | 14.30% |
| Dec 31, 2025 | 18.69% |
| Dec 31, 2025 | 18.69% |
| Sep 30, 2025 | 15.64% |
| Sep 30, 2025 | 15.64% |
| Jun 30, 2025 | 14.78% |
| Jun 30, 2025 | 14.78% |
| Mar 31, 2025 | 13.38% |
| Mar 31, 2025 | 13.38% |
| Dec 31, 2024 | 14.97% |
| Dec 31, 2024 | 14.97% |
| Sep 30, 2024 | 12.41% |
| Sep 30, 2024 | 12.41% |
| Jun 30, 2024 | 14.52% |
| Jun 30, 2024 | 14.52% |
| Mar 31, 2024 | 2.83% |
| Mar 31, 2024 | 2.83% |
| Dec 31, 2023 | 20.78% |
| Dec 31, 2023 | 20.78% |