LVS · XBRL financial data

Las Vegas Sands financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (LVS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	3,612	4,234	4,110	10,372	11,298	13,017
Research and development	—	109	143	205	228	269
Selling, general and administrative	1,093	831	936	1,107	1,150	1,188
Operating income (loss)	(1,688)	(689)	(792)	2,313	2,402	2,818
Interest expense	536	621	702	818	727	746
Other income (expense)	22	(31)	(9)	(8)	10	(15)
Income tax expense (benefit)	(38)	(5)	154	344	208	347
Net income (loss)	(1,685)	(961)	1,832	1,221	1,446	1,627
Earnings per share, basic USD per share	(2.21)	(1.26)	2.40	1.60	1.97	2.35
Earnings per share, diluted USD per share	(2.21)	(1.26)	2.40	1.60	1.96	2.35
Weighted average shares, basic millions of shares	764	764	764	763	735	691
Weighted average shares, diluted millions of shares	764	764	764	765	737	693

Fiscal years (LVS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	2,121	1,854	6,311	5,105	3,650	3,841
Accounts receivable	338	202	267	484	417	742
Inventory	32	22	28	38	41	46
Prepaid and other current assets	137	113	138	150	182	203
Total current assets	2,644	5,510	6,744	5,777	4,290	4,832
Property and equipment, net	15,109	11,850	11,451	11,439	11,993	11,673
Right-of-use asset	178	24	23	53	48	44
Goodwill	—	—	10	103	102	103
Total assets	20,807	20,059	22,039	21,778	20,666	21,920
Accounts payable	98	77	89	167	164	190
Total current liabilities	2,309	2,565	3,902	4,422	5,801	4,222
Lease liability, non-current	153	154	157	252	172	167
Total liabilities	17,269	17,811	18,383	17,674	17,506	19,986
Retained earnings (accumulated deficit)	813	(148)	1,684	2,600	3,455	4,387
Total stockholders' equity	2,973	1,996	3,881	4,118	2,884	1,590
Total liabilities and equity	20,807	20,059	22,039	21,778	20,666	21,920
Common shares outstanding (cover page) millions of shares	764	764	764	754	716	672

Fiscal years (LVS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(1,685)	(961)	1,832	1,221	1,446	1,627
Stock-based compensation	22	22	39	44	55	54
Net cash from operating activities	(1,312)	—	—	3,227	3,204	3,023
Purchases of property and equipment	1,330	828	651	1,017	1,567	1,168
Net cash from investing activities	(1,329)	—	—	(1,254)	(1,579)	(1,217)
Share repurchases	0	0	0	505	1,750	2,217
Dividends paid	911	0	0	305	590	833
Proceeds from long-term debt	1,945	2,702	1,200	0	1,748	6,781
Net cash from financing activities	560	—	—	(3,188)	(3,060)	(1,643)
Net change in cash	(2,105)	(212)	4,511	(1,207)	(1,454)	191

SIC 7011 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7011 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Las Vegas Sands	2,858	3,216	870*	627.0M	—	Q3 FY26 10-QSep 30, 2026
Wynn Resorts	1,573	not reported	492*	103.0M	—	Q2 FY26 10-QJun 30, 2026
Wyndham Hotels & Resorts	71	410	93*	72.9M	—	Q3 FY26 10-QSep 30, 2026
MGM Resorts International	2,396	4,212	532*	253.0M	—	Q3 FY26 10-QSep 30, 2026
Hyatt Hotels	454	1,743	(135)*	not reported	28.6 quarters	Q3 FY26 10-QSep 30, 2026
Caesars Entertainment	864	2,940	267*	203.8M	—	Q3 FY26 10-QSep 30, 2026
Boyd Gaming	297	990	203*	70.7M	—	Q3 FY26 10-QSep 30, 2026
Choice Hotels International	171	458	55*	44.5M	—	Q3 FY26 10-QSep 30, 2026
Travel & Leisure	306	1,101	130*	60.3M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.