Las Vegas Sands Corp

LVS

Equity

ISIN null / Valor 1946078

New York Stock Exchange, Inc (2026-08-07)

USD 45.77-0.74%

Las Vegas Sands Corp
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About company

Las Vegas Sands Corp is a leading global developer and operator of high-end resorts and casinos. While the company's about page emphasizes its commitment to environmental sustainability, particularly through its Sands Cares Accelerator program and efforts to improve recycling in Macao, the core of its business lies in the hospitality and gaming industry. Las Vegas Sands Corp is renowned for its luxurious properties, which often include expansive casino floors, high-quality hotel accommodations, and a wide range of entertainment options, from live shows to dining experiences. The company operates in several key markets, including the United States and Asia, with a significant presence in Macao, a major gaming and leisure destination. Through its focus on building design and development, resort management and operations, and the hosting of meetings, events, and entertainment, Las Vegas Sands Corp aims to provide unparalleled experiences for its guests while also engaging in efforts to operate sustainably.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue and profit

Net revenue rose to $3.65 billion from $2.90 billion a year earlier; GAAP net income increased to $448 million from $392 million in Q4 2024. Diluted EPS was $0.58 for the quarter (basic EPS $0.59).

Adjusted Property EBITDA

Consolidated adjusted property EBITDA was $1.414 billion in Q4 2025, up from $1.108 billion in Q4 2024; adjusted EBITDA margin for the quarter was 38.8%.

Marina Bay Sands performance

Marina Bay Sands generated $1.603 billion of net revenue and $806 million of adjusted property EBITDA in Q4 2025; management noted a high hold on rolling play that positively impacted Marina Bay Sands adjusted EBITDA by $45 million.

Macao operations and Sands China

Macao operations produced $2.058 billion of net revenue and $608 million of adjusted property EBITDA (high hold benefit of $26 million). Sands China Ltd. reported Q4 net revenues of $2.05 billion (+16.4% YoY) and net income of $213 million (down from $237 million year‑earlier).

Capital return and ownership moves

During Q4 2025 LVS repurchased $500 million of common stock (≈8 million shares at $61.39 avg); remaining repurchase authorization was $1.56 billion as of 12/31/2025. The company purchased 25 million SCL shares (~$66 million), raising its SCL ownership to 74.80%.

Balance sheet & liquidity

Unrestricted cash was $3.84 billion and total debt outstanding (ex-finance leases) was $15.63 billion as of December 31, 2025. As of Jan 28, 2026 the company had access to $3.66 billion of revolver capacity plus $4.84 billion available under a delayed-draw term loan for the MBS expansion.

Other items (capex, interest, tax)

Capital expenditures in Q4 totaled $274 million (MBS $149M; Macao $121M). Interest expense (net) was $191 million for the quarter; weighted average borrowing cost was 4.6% and the effective income tax rate for Q4 2025 was 18.7% (up from 15.0% in Q4 2024).

Summarized from source with an LLMView Source

Key figures

-13.7%1Y

-21.3%3Y

12.0%5Y

Performance

35.0%1Y

34.2%3Y

40.7%5Y

Volatility