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| Date | Value |
|---|---|
| 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 |