Las Vegas Sands Corp. (LVS) Financial Statements

Las Vegas Sands Corp.

LVS · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$13.02B	$11.30B	$10.37B	$4.11B	$4.23B	$2.94B	$12.13B	$13.73B
Research & Development	$269.00M	$228.00M	$205.00M	$143.00M	$109.00M	—	—	—
Selling, General & Administrative	$1.19B	$1.15B	$1.11B	$936.00M	$831.00M	$798.00M	$1.12B	$1.48B
Operating Expenses	$10.20B	$8.90B	$8.06B	$4.90B	$4.92B	$4.33B	$8.76B	$9.98B
Operating Income	$2.82B	$2.40B	$2.31B	-$792.00M	-$689.00M	-$1.39B	$3.37B	$3.75B
Interest Expense	$746.00M	$727.00M	$818.00M	$702.00M	$621.00M	$523.00M	$449.00M	$446.00M
Other Income / (Expense)	-$15.00M	$10.00M	-$8.00M	-$9.00M	-$31.00M	$19.00M	$56.00M	$26.00M
Income Before Taxes	$2.21B	$1.96B	$1.77B	-$1.39B	-$1.47B	-$1.88B	$3.60B	$3.33B
Provision for Income Taxes	$347.00M	$208.00M	$344.00M	$154.00M	-$5.00M	$24.00M	$432.00M	$375.00M
Net Income	$1.63B	$1.45B	$1.22B	$1.83B	-$961.00M	-$1.69B	$2.70B	$2.41B
Basic EPS	$2.35	$1.97	$1.60	$2.40	-$1.26	-$2.21	$3.50	$3.07
Diluted EPS	$2.35	$1.96	$1.60	$2.40	-$1.26	-$2.21	$3.50	$3.07
Basic Shares Outstanding	691.00M	735.00M	763.00M	764.00M	764.00M	764.00M	771.00M	786.00M
Diluted Shares Outstanding	693.00M	737.00M	765.00M	764.00M	764.00M	764.00M	771.00M	786.00M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$3.12	$2.93	$3.34	9	↑0 ↓8
Dec 2027	$3.48	$3.26	$3.66	9	↑0 ↓8
Dec 2028	$3.75	$3.26	$4.26	5	↑0 ↓0
Dec 2029	$4.77	$4.77	$4.77	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: LVS
Type: Stock
Sector: Consumer Discretionary
Industry: Hotels/Resorts
Country: North America
Exchange: NYSE

Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit. Sands' portfolio of properties includes Marina Bay Sands ® in Singapore and The Venetian® Macao, The Londoner Macao ®, The Parisian® Macao, The Plaza® Macao and Four Seasons® Hotel Macao, and Sands® Macao in Macao SAR, China, through majority ownership in Sands China Ltd. Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company's ESG leadership has led to inclusion on the Dow Jones Best-in-Class Indices for World and North America, as well as Fortune's list of the World's Most Admired Companies.

Key Issues

Bullish view

The supplied consensus is Buy across 14 analysts with a mean target of $60, materially above the $46.02 closing price. Fintel also reports a one-year average target of $55.51.

Bearish view

The target evidence is inconsistent, with another source reporting a $45.45 low and $67.20 high, while Benzinga’s recent-rating average of $63.67 implies 2.07% downside according to its snippet. The available data therefore does not establish a uniformly attractive valuation.

Analyst Consensus

See all

Buy

14 analysts

$46

Current

$63

Low

$60

Average

$63

High

Average target implies +29.14% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Estee Lauder Companies, Inc. (The)EL · NYSE$87.74