LVS

Consumer Discretionary · Casinos & Gaming

Las Vegas Sands: revenue, profit and dividends

In fiscal 2025, Las Vegas Sands had revenue of $13B, up 1.1% a year on average since 2015, and net income of $1.63B (12.5% of revenue). It paid a dividend of $1.00 a share. It has 13% fewer shares than in 2015.

Revenue, fiscal 2025

$13B+1.1% a year

average annual revenue growth since 2015 · +15.2% vs 2024

Net income, 2025

$1.63B

12.5% of revenue

Diluted EPS, 2025

$2.35

−0.5% a year since 2015

Dividend per share, 2025

$1.00

raised 2 years in a row

Revenue growth, 5 years

34.7% a year

since 2020

Shares, 2025

693M

−13.2% since 2015

Free cash flow, 2025

$1.85B

$3.02B from operations − $1.17B capex

Ticker: LVS · NYSE
Sector: Consumer Discretionary
Sub-industry: Casinos & Gaming
Headquarters: Las Vegas, Nevada
Founded: 1988
In the S&P 500 since: October 3, 2019
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: Las Vegas Sands Corp · CIK 0001300514

Revenue and net income

Revenue went from $4.39B in 2008 to $13B in 2025. Net loss in 2008–2009, 2020–2021.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from −$0.48 in 2008 to $2.35 in 2025. Ten-year growth: −0.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 2 years in a row, every year from 2024 to 2025. Ten-year growth: −9.1% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

13.2% fewer shares in 2025 than in 2015 (798M → 693M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.85B in 2025, 14.3% of revenue. Negative in 2008–2010, 2020–2022.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$13B	$1.63B	12.5%	$2.35	$1.00	693M	$3.02B	$1.17B	$1.85B
2024	$11.3B	$1.45B	12.8%	$1.96	$0.80	737M	$3.2B	$1.57B	$1.64B
2023	$10.4B	$1.22B	11.8%	$1.60	$0.40	765M	$3.23B	$1.02B	$2.21B
2022	$4.11B	$1.83B	44.6%	$2.40	—	764M	−$944M	$651M	−$1.59B
2021	$4.23B	−$961M	−22.7%	−$1.26	—	764M	−$243M	$828M	−$1.07B
2020	$2.94B	−$1.69B	−57.3%	−$2.21	$0.79	764M	−$1.31B	$1.23B	−$2.54B
2019	$12.1B	$2.7B	22.2%	$3.50	$3.08	771M	$3.04B	$1.02B	$2.02B
2018	$13.7B	$2.41B	17.6%	$3.07	$3.00	786M	$4.7B	$949M	$3.75B
2017	$12.7B	$2.81B	22.1%	$3.55	$2.92	792M	$4.54B	$837M	$3.71B
2016	$11.3B	$1.68B	14.9%	$2.11	$2.88	795M	$4.04B	$1.4B	$2.65B
2015	$11.7B	$1.97B	16.8%	$2.47	$2.60	798M	$3.46B	$1.53B	$1.93B
2014	$14.6B	$2.84B	19.5%	$3.52	$2.00	808M	$4.83B	$1.18B	$3.65B
2013	$13.8B	$2.31B	16.7%	$2.79	$1.40	826M	$4.44B	$898M	$3.54B
2012	$11.1B	$1.52B	13.7%	$1.85	$3.75	825M	$3.06B	$1.45B	$1.61B
2011	$9.41B	$1.56B	16.6%	$1.56	—	812M	$2.66B	$1.51B	$1.15B
2010	$6.85B	$599M	8.7%	$0.51	—	792M	$1.87B	$2.02B	−$154M
2009	$4.56B	−$354M	−7.8%	−$0.82	—	657M	$639M	$2.09B	−$1.45B
2008	$4.39B	−$164M	−3.7%	−$0.48	—	392M	$125M	$3.79B	−$3.66B

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.

Other Casinos & Gaming companies

MGM

MGM Resorts

revenue $17.5B (2025)

WYNN

Wynn Resorts

revenue $7.14B (2025)

All 47 Consumer Discretionary companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.