Las Vegas Sands (LVS) Tax Rate (2010 - 2026)
Las Vegas Sands (LVS) recorded Tax Rate of 22.47% in Q3 2026, up 6.83 percentage points from 15.64% a year earlier and up 3.38 percentage points from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Tax Rate (2010 - 2026) Analysis & Trends
On a TTM basis, Las Vegas Sands' Tax Rate came in at 18.07% as of Sep 30, 2026, up 3.32 percentage points year-over-year; for FY2025, it came in at 15.68%, up 5.07 percentage points from FY2024.
- Across earlier years, Tax Rate came in at 10.61% in FY2024 (-8.77 pp) and 19.38% in FY2023.
- The Q3 2026 figure is the highest quarterly Tax Rate since Q1 2023.
- On a year-over-year basis, Tax Rate has increased for seven consecutive quarters, with an average year-over-year change of +3.00 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 10.54 percentage points in Q1 2025, against a drop of 22.81 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.09% (Q2 2026), 14.30% (Q1 2026) and 18.69% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.55 Bn | 12.37 Bn | 1.47 Bn | 22.47% |
| 2 | DraftKings | 20.54 Bn | 16.21 Bn | 551.45 Mn | - |
| 3 | Flutter Entertainment | 14.19 Bn | 7.93 Bn | 1.71 Bn | - |
| 4 | Life Time Group Holdings | 10.64 Bn | 9.81 Bn | 419.01 Mn | 25.99% |
| 5 | Wynn Resorts | 8.52 Bn | 2.07 Bn | 758.95 Mn | 8.15% |
| 6 | MGM Resorts International | 8.26 Bn | -177.27 Mn | 1.73 Bn | - |
| 7 | Madison Square Garden Sports | 7.58 Bn | 7.18 Bn | 119.21 Mn | 15.96% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 20.36% |
| 9 | Churchill Downs | 6.72 Bn | 5.98 Bn | 207.00 Mn | 27.93% |
| 10 | Caesars Entertainment | 5.98 Bn | 2.57 Bn | 1.44 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.47% |
| Jun 30, 2026 | 19.09% |
| Mar 31, 2026 | 14.30% |
| Dec 31, 2025 | 18.69% |
| Sep 30, 2025 | 15.64% |
| Jun 30, 2025 | 14.78% |
| Mar 31, 2025 | 13.38% |
| Dec 31, 2024 | 14.97% |
| Sep 30, 2024 | 12.41% |
| Jun 30, 2024 | 14.52% |
| Mar 31, 2024 | 2.83% |
| Dec 31, 2023 | 20.78% |
| Sep 30, 2023 | 21.37% |
| Jun 30, 2023 | 11.75% |
| Mar 31, 2023 | 25.64% |
| Dec 31, 2019 | 4.29% |
| Sep 30, 2019 | 10.92% |
| Jun 30, 2019 | 17.56% |
| Mar 31, 2019 | 10.25% |
| Dec 31, 2018 | 105.39% |
API Access
Las Vegas Sands Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();