Casino was Las Vegas Sands’s largest product and service line in fiscal 2025, bringing in $9.79B of $12.40B (79%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Casino | $2.63B | $7.52B | — | $9.79B | ||||||
| Rooms | $469.00M | — | — | — | ||||||
| Mall | $226.00M | $1.53B | $1.51B | $1.60B | ||||||
| Food & Beverage | $301.00M | $584.00M | $607.00M | $644.00M | ||||||
| Convention, Retail & Other | $133.00M | $295.00M | $359.00M | $361.00M | ||||||
| Total | $3.76B | $9.94B | $2.48B | $12.40B |
Las Vegas Sands brought in $12.40B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. Las Vegas Sands regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $2.48B. Casino was the largest at $9.79B (79.0%), ahead of Mall at $1.60B (12.9%) and Food & Beverage at $644.00M (5.2%). The remaining line, Convention, Retail & Other, brought in $361.00M.
Compared with fiscal 2024, Food & Beverage grew fastest, up 6.1% to $644.00M. Every line above 2% of revenue grew.
Las Vegas Sands stopped reporting Rooms as a separate line after fiscal 2022, when it brought in $469.00M.
Non-Restricted Subsidiaries was Las Vegas Sands’s largest revenue line in fiscal 2015, bringing in $538.69M of $757.51M (71%).
| Legal Entity | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Non-Restricted Subsidiaries | $455.42M | $12.47B | $576.88M | $538.69M | ||||
| Restricted Subsidiaries | $173.11M | $1.47B | $201.89M | $218.82M | ||||
| Food & Beverage Revenue | — | — | — | — | ||||
| Food & Beverage | — | — | — | — | ||||
| Las Vegas Sands Corp | — | -$1.46M | — | — | ||||
| Total | $628.53M | $13.94B | $778.77M | $757.51M |
Las Vegas Sands brought in $757.51M from its two revenue lines in fiscal 2015, the year ended December 31, 2015. That was down 2.7% from $778.77M in fiscal 2014. Non-Restricted Subsidiaries was the largest at $538.69M (71.1%), ahead of Restricted Subsidiaries at $218.82M (28.9%).
Compared with fiscal 2014, Restricted Subsidiaries grew 8.4% to $218.82M, while Non-Restricted Subsidiaries fell 6.6% to $538.69M. From fiscal 2012 to 2015, combined revenue from these revenue lines grew from $628.53M to $757.51M, a compound annual growth rate of 6.4%. Non-Restricted Subsidiaries' share of the total fell from 72.5% to 71.1%.
Macau was Las Vegas Sands’s largest region in fiscal 2011, bringing in $678.29M of $677.00M (100%).
| Geography | FY 2011 |
|---|---|
| Macau | $678.29M |
| Singapore | -$1.30M |
| Total | $677.00M |
Las Vegas Sands brought in $677.00M from its two regions in fiscal 2011, the year ended December 31, 2011. Macau was the largest at $678.29M (100.2%).
The total is net of Singapore, which took $1.30M off revenue in fiscal 2011.
Las Vegas Sands (LVS) reports its revenue by product and service, by legal entity and by geography. In fiscal 2025, Casino was its largest product and service line, bringing in $9.79B (79.0% of the total), followed by Mall at $1.60B (12.9%).
Casino was Las Vegas Sands' largest product and service line in fiscal 2025, bringing in $9.79B, or 79.0% of the $12.40B total across its four product and service lines.
Non-Restricted Subsidiaries was Las Vegas Sands' largest revenue line in fiscal 2015, bringing in $538.69M, or 71.1% of the $757.51M total across its two revenue lines.
Macau was Las Vegas Sands' largest region in fiscal 2011, bringing in $678.29M, or 100.2% of the $677.00M total across its two regions.
Restricted Subsidiaries grew faster than Non-Restricted Subsidiaries in fiscal 2015, up 8.4% from $201.89M to $218.82M. Non-Restricted Subsidiaries fell 6.6% to $538.69M.
Every figure comes from Las Vegas Sands' annual financial filings, as reported. Each line keeps the name Las Vegas Sands gives it, and years follow its fiscal calendar.
Las Vegas Sands' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.