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
DateValue
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%