Las Vegas Sands Corp. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Las Vegas Sands Corp. reported net income of $1.63B on revenue of $13.02B. Operating cash flow was $3.02B and capital expenditures were $1.17B, leaving $1.85B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.27B | $12.73B | $13.73B | $12.13B | $2.94B | $4.23B | $4.11B | $10.37B | $11.30B | $13.02B |
| Operating income | $2.50B | $3.46B | $3.75B | $3.37B | −$1.39B | −$689.00M | −$792.00M | $2.31B | $2.40B | $2.82B |
| Net income | $1.68B | $2.81B | $2.41B | $2.70B | −$1.69B | −$961.00M | $1.83B | $1.22B | $1.45B | $1.63B |
| Diluted EPS | $2.11 | $3.55 | $3.07 | $3.50 | −$2.21 | −$1.26 | $2.40 | $1.60 | $1.96 | $2.35 |
| Operating cash flow | $4.04B | $4.54B | $4.70B | $3.04B | −$1.31B | −$243.00M | −$944.00M | $3.23B | $3.20B | $3.02B |
| Capital expenditures | $1.40B | $837.00M | $949.00M | $1.02B | $1.23B | $828.00M | $651.00M | $1.02B | $1.57B | $1.17B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 21.6% | 12.5% |
| Dec 2024 | — | 21.3% | 12.8% |
| Dec 2023 | — | 22.3% | 11.8% |
| Dec 2022 | — | -19.3% | 44.6% |
| Dec 2021 | — | -16.3% | -22.7% |
Source: SEC EDGAR XBRL company facts for CIK 1300514 (raw data). Most recent filing in this dataset: 10-Q filed Oct 23, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.