Las Vegas Sands annual ebitda margin
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2025
Las Vegas Sands EBITDA Margin Growth & History (LVS)
Las Vegas Sands's ebitda margin was 32.90% for fiscal 2025.
View full Las Vegas Sands company overviewLas Vegas Sands annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 32.90% | +0.06 pp |
| 2024 | 2024-12-31 | 32.84% | −1.11 pp |
| 2023 | 2023-12-31 | 33.95% | +28.01 pp |
| 2022 | 2022-12-31 | 5.94% | −2.38 pp |
| 2021 | 2021-12-31 | 8.31% | +21.78 pp |
| 2020 | 2020-12-31 | −13.47% | −49.63 pp |
| 2019 | 2019-12-31 | 36.16% | +0.74 pp |
| 2018 | 2018-12-31 | 35.41% | −1.00 pp |
| 2017 | 2017-12-31 | 36.42% | +4.36 pp |
| 2016 | 2016-12-31 | 32.06% | −0.80 pp |
| 2015 | 2015-12-31 | 32.85% | −2.32 pp |
| 2014 | 2014-12-31 | 35.18% | +3.11 pp |
| 2013 | 2013-12-31 | 32.07% | +3.29 pp |
| 2012 | 2012-12-31 | 28.78% | −5.06 pp |
| 2011 | 2011-12-31 | 33.84% | +6.47 pp |
| 2010 | 2010-12-31 | 27.37% | +15.15 pp |
| 2009 | 2009-12-31 | 12.21% | −3.06 pp |
| 2008 | 2008-12-31 | 15.28% | — |
Las Vegas Sands quarterly ebitda margin
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 30.69% | −5.66 pp |
| Q1 2026 | 2026-03-31 | 35.17% | +1.25 pp |
| Q4 2025 | 2025-12-31 | 29.32% | −3.07 pp |
| Q3 2025 | 2025-09-30 | 32.63% | +1.76 pp |
| Q2 2025 | 2025-06-30 | 36.35% | +3.50 pp |
| Q1 2025 | 2025-03-31 | 33.93% | −1.12 pp |
| Q4 2024 | 2024-12-31 | 32.39% | −3.39 pp |
| Q3 2024 | 2024-09-30 | 30.87% | −4.94 pp |
| Q2 2024 | 2024-06-30 | 32.85% | +0.40 pp |
| Q1 2024 | 2024-03-31 | 35.05% | +4.29 pp |
| Q4 2023 | 2023-12-31 | 35.78% | +27.72 pp |
| Q3 2023 | 2023-09-30 | 35.81% | +27.56 pp |
| Q2 2023 | 2023-06-30 | 32.45% | +22.02 pp |
| Q1 2023 | 2023-03-31 | 30.75% | +34.78 pp |
| Q4 2022 | 2022-12-31 | 8.06% | −4.64 pp |
| Q3 2022 | 2022-09-30 | 8.26% | +14.56 pp |
| Q2 2022 | 2022-06-30 | 10.43% | +0.29 pp |
| Q1 2022 | 2022-03-31 | −4.03% | −17.32 pp |
| Q4 2021 | 2021-12-31 | 12.70% | −0.41 pp |
| Q3 2021 | 2021-09-30 | −6.30% | +55.36 pp |
| Q2 2021 | 2021-06-30 | 10.14% | +837.56 pp |
| Q1 2021 | 2021-03-31 | 13.29% | −4.98 pp |
| Q4 2020 | 2020-12-31 | 13.10% | −8.18 pp |
| Q3 2020 | 2020-09-30 | −61.66% | −98.06 pp |
| Q2 2020 | 2020-06-30 | −827.42% | −862.90 pp |
| Q1 2020 | 2020-03-31 | 18.28% | −16.61 pp |
| Q4 2019 | 2019-12-31 | 21.29% | −12.18 pp |
| Q3 2019 | 2019-09-30 | 36.40% | +0.63 pp |
| Q2 2019 | 2019-06-30 | 35.48% | +3.06 pp |
| Q1 2019 | 2019-03-31 | 34.89% | −4.84 pp |
| Q4 2018 | 2018-12-31 | 33.47% | −4.46 pp |
| Q3 2018 | 2018-09-30 | 35.77% | +0.33 pp |
| Q2 2018 | 2018-06-30 | 32.43% | −4.37 pp |
| Q1 2018 | 2018-03-31 | 39.73% | +4.36 pp |
| Q4 2017 | 2017-12-31 | 37.92% | +5.50 pp |
| Q3 2017 | 2017-09-30 | 35.43% | +1.85 pp |
| Q2 2017 | 2017-06-30 | 36.80% | +7.62 pp |
| Q1 2017 | 2017-03-31 | 35.38% | +4.24 pp |
| Q4 2016 | 2016-12-31 | 32.42% | −0.80 pp |
| Q3 2016 | 2016-09-30 | 33.58% | −0.51 pp |
| Q2 2016 | 2016-06-30 | 29.18% | −2.92 pp |
| Q1 2016 | 2016-03-31 | 31.14% | −0.91 pp |
| Q4 2015 | 2015-12-31 | 33.22% | −4.17 pp |
| Q3 2015 | 2015-09-30 | 34.09% | −0.50 pp |
| Q2 2015 | 2015-06-30 | 32.10% | −1.71 pp |
| Q1 2015 | 2015-03-31 | 32.05% | −2.98 pp |
| Q4 2014 | 2014-12-31 | 37.39% | +6.18 pp |
| Q3 2014 | 2014-09-30 | 34.60% | +1.99 pp |
| Q2 2014 | 2014-06-30 | 33.81% | +2.00 pp |
| Q1 2014 | 2014-03-31 | 35.03% | +2.35 pp |
| Q4 2013 | 2013-12-31 | 31.21% | +1.24 pp |
| Q3 2013 | 2013-09-30 | 32.61% | +4.54 pp |
| Q2 2013 | 2013-06-30 | 31.81% | +7.87 pp |
| Q1 2013 | 2013-03-31 | 32.68% | +0.02 pp |
| Q4 2012 | 2012-12-31 | 29.97% | −3.87 pp |
| Q3 2012 | 2012-09-30 | 28.07% | −6.48 pp |
| Q2 2012 | 2012-06-30 | 23.94% | −10.78 pp |
| Q1 2012 | 2012-03-31 | 32.66% | +0.64 pp |
| Q4 2011 | 2011-12-31 | 33.85% | +0.44 pp |
| Q3 2011 | 2011-09-30 | 34.56% | +4.69 pp |
| Q2 2011 | 2011-06-30 | 34.72% | +13.56 pp |
| Q1 2011 | 2011-03-31 | 32.02% | +9.92 pp |
| Q4 2010 | 2010-12-31 | 33.41% | — |
| Q3 2010 | 2010-09-30 | 29.86% | +11.37 pp |
| Q2 2010 | 2010-06-30 | 21.16% | +23.78 pp |
| Q1 2010 | 2010-03-31 | 22.09% | — |
| Q3 2009 | 2009-09-30 | 18.50% | — |
| Q2 2009 | 2009-06-30 | −2.62% | — |
Las Vegas Sands ebitda margin trends
Over the last five fiscal years, Las Vegas Sands's ebitda margin increased from −13.47% to 32.90%, a change of +46.36 percentage points. The latest reported quarter, Q2 2026, shows 30.69%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Las Vegas Sands source filings ↗