Macao was Las Vegas Sands’s largest region in fiscal 2025, bringing in $7.43B of $13.02B (57%).
| Geography | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Macao | $1.60B | $6.53B | $7.07B | $7.43B | |||||||||
| Macau | — | — | — | — | |||||||||
| Singapore | $2.51B | $3.85B | $4.23B | $5.58B | |||||||||
| United States | — | — | — | — | |||||||||
| Consolidating/Eliminating Entries | — | — | — | — | |||||||||
| Consolidation, Eliminations | — | — | — | — | |||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||
| Total | $4.11B | $10.37B | $11.30B | $13.02B |
Las Vegas Sands brought in $13.02B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 15.2% from $11.30B in fiscal 2024. Macao was the largest at $7.43B (57.1%), ahead of Singapore at $5.58B (42.9%).
Compared with fiscal 2024, Singapore grew 32.2% to $5.58B and Macao grew 5.1% to $7.43B. From fiscal 2022 to 2025, combined revenue from these regions grew from $4.11B to $13.02B, a compound annual growth rate of 46.9%. Macao's share of the total rose from 38.9% to 57.1%.
Casino was Las Vegas Sands’s largest product and service line in fiscal 2025, bringing in $9.79B of $13.02B (75%).
| 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 | $8.30B | $9.79B | ||||||
| Rooms | $469.00M | $1.20B | $1.27B | $1.42B | ||||||
| Mall | $580.00M | $767.00M | $755.00M | $801.00M | ||||||
| Food & Beverage | $301.00M | $584.00M | $607.00M | $644.00M | ||||||
| Convention, Retail & Other | $133.00M | $295.00M | $359.00M | $361.00M | ||||||
| Total | $4.11B | $10.37B | $11.30B | $13.02B |
Las Vegas Sands brought in $13.02B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 15.2% from $11.30B in fiscal 2024. Casino was the largest at $9.79B (75.2%), ahead of Rooms at $1.42B (10.9%) and Mall at $801.00M (6.2%). The other two lines brought in $1.01B combined.
Compared with fiscal 2024, Casino grew fastest, up 17.9% to $9.79B. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $4.11B to $13.02B, a compound annual growth rate of 46.9%. Casino's share of the total rose from 63.9% to 75.2%.
Marina Bay Sands was Las Vegas Sands’s largest segment in fiscal 2024, bringing in $4.23B of $11.30B (37%).
| Segment | FY 2009 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marina Bay Sands | $1.37B | $2.51B | $3.85B | $4.23B | |||||||||||
| The Venetian Macao | $1.26B | $675.00M | $2.68B | $2.82B | |||||||||||
| Sands Cotai Central | — | — | — | — | |||||||||||
| Venetian Macao Parcel One | — | — | — | — | |||||||||||
| Las Vegas Operating Properties | — | — | — | — | |||||||||||
| The Londoner Macao | $588.00M | $350.00M | $1.79B | $1.98B | |||||||||||
| The Parisian Macao | $357.00M | $188.00M | $879.00M | $973.00M | |||||||||||
| Four Seasons Macao | — | — | — | — | |||||||||||
| Sands Macao | — | $65.00M | $322.00M | $322.00M | |||||||||||
| The Plaza Macao & Four Seasons Macao | $546.00M | — | $779.00M | $872.00M | |||||||||||
| The Plaza Macao & Four Seasons Hotel Macao | — | — | — | — | |||||||||||
| Sands Bethlehem | — | — | — | — | |||||||||||
| The Plaza Macao | — | $313.00M | — | — | |||||||||||
| Corporate & Other | $83.00M | — | — | — | |||||||||||
| Other Asia | — | — | — | — | |||||||||||
| Ferry Operations & Other | $28.00M | $6.00M | $80.00M | $98.00M | |||||||||||
| Consolidating/Eliminating Entries | — | — | — | — | |||||||||||
| Consolidation, Eliminations | — | — | — | — | |||||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||||
| Total | $4.23B | $4.11B | $10.37B | $11.30B |
Las Vegas Sands brought in $11.30B from its seven segments in fiscal 2024, the year ended December 31, 2024. That was up 8.9% from $10.37B in fiscal 2023. Marina Bay Sands was the largest at $4.23B (37.4%), ahead of The Venetian Macao at $2.82B (25.0%) and The Londoner Macao at $1.98B (17.6%). The other four segments brought in $2.27B combined.
Compared with fiscal 2023, The Plaza Macao & Four Seasons Macao grew fastest, up 11.9% to $872.00M. Every segment above 2% of revenue grew.
Las Vegas Sands stopped reporting The Plaza Macao ($313.00M in fiscal 2022) and Corporate & Other ($83.00M in fiscal 2021) as separate segments.
Las Vegas Sands (LVS) reports its revenue by geography, by product and service and by segment. In fiscal 2025, Macao was its largest region, bringing in $7.43B (57.1% of the total), followed by Singapore at $5.58B (42.9%).
Macao was Las Vegas Sands' largest region in fiscal 2025, bringing in $7.43B, or 57.1% of the $13.02B total across its two regions.
Casino was Las Vegas Sands' largest product and service line in fiscal 2025, bringing in $9.79B, or 75.2% of the $13.02B total across its five product and service lines.
Marina Bay Sands was Las Vegas Sands' largest segment in fiscal 2024, bringing in $4.23B, or 37.4% of the $11.30B total across its seven segments.
Singapore grew faster than Macao in fiscal 2025, up 32.2% from $4.23B to $5.58B. Macao grew 5.1% to $7.43B.
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 geography goes back to fiscal 2011, 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.