Las Vegas Sands annual free cash flow
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2025
Las Vegas Sands Free Cash Flow (FCF) History (LVS)
Las Vegas Sands reported $1.85B in free cash flow for fiscal 2025, an increase of 13.32% from the previous fiscal year, with a free cash flow margin of 14.25%.
View full Las Vegas Sands company overviewLas Vegas Sands free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.85B | $218.0M | +13.32% | +14.25% |
| 2024 | 2024-12-31 | $1.64B | −$573.0M | −25.93% | +14.49% |
| 2023 | 2023-12-31 | $2.21B | $3.81B | — | +21.31% |
| 2022 | 2022-12-31 | −$1.59B | −$524.0M | — | −38.81% |
| 2021 | 2021-12-31 | −$1.07B | $1.47B | — | −25.30% |
| 2020 | 2020-12-31 | −$2.54B | −$4.56B | — | −86.36% |
| 2019 | 2019-12-31 | $2.02B | −$1.73B | −46.16% | +16.66% |
| 2018 | 2018-12-31 | $3.75B | $46.0M | +1.24% | +27.33% |
| 2017 | 2017-12-31 | $3.71B | $1.06B | +40.06% | +29.12% |
| 2016 | 2016-12-31 | $2.65B | $716.0M | +37.10% | +23.48% |
| 2015 | 2015-12-31 | $1.93B | −$1.72B | −47.18% | +16.51% |
| 2014 | 2014-12-31 | $3.65B | $112.7M | +3.18% | +25.05% |
| 2013 | 2013-12-31 | $3.54B | $1.93B | +120.16% | +25.72% |
| 2012 | 2012-12-31 | $1.61B | $454.5M | +39.39% | +14.45% |
| 2011 | 2011-12-31 | $1.15B | $1.31B | — | +12.26% |
| 2010 | 2010-12-31 | −$153.8M | $1.30B | — | −2.24% |
| 2009 | 2009-12-31 | −$1.45B | $2.21B | — | −31.87% |
| 2008 | 2008-12-31 | −$3.66B | — | — | −83.47% |
Las Vegas Sands quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $350.0M | $458.0M | — | +11.10% |
| Q1 2026 | 2026-03-31 | $537.0M | $390.0M | +265.31% | +14.98% |
| Q4 2025 | 2025-12-31 | $930.0M | $562.0M | +152.72% | +25.49% |
| Q3 2025 | 2025-09-30 | $886.0M | $664.0M | +299.10% | +26.60% |
| Q2 2025 | 2025-06-30 | −$108.0M | −$637.0M | — | −3.40% |
| Q1 2025 | 2025-03-31 | $147.0M | −$371.0M | −71.62% | +5.14% |
| Q4 2024 | 2024-12-31 | $368.0M | −$313.0M | −45.96% | +12.71% |
| Q3 2024 | 2024-09-30 | $222.0M | −$287.0M | −56.39% | +8.28% |
| Q2 2024 | 2024-06-30 | $529.0M | −$216.0M | −28.99% | +19.16% |
| Q1 2024 | 2024-03-31 | $518.0M | $243.0M | +88.36% | +17.51% |
| Q4 2023 | 2023-12-31 | $681.0M | $932.0M | — | +23.36% |
| Q3 2023 | 2023-09-30 | $509.0M | $828.0M | — | +18.21% |
| Q2 2023 | 2023-06-30 | $745.0M | $1.13B | — | +29.31% |
| Q1 2023 | 2023-03-31 | $275.0M | $912.0M | — | +12.97% |
| Q4 2022 | 2022-12-31 | −$251.0M | −$165.0M | — | −22.47% |
| Q3 2022 | 2022-09-30 | −$319.0M | $113.0M | — | −31.74% |
| Q2 2022 | 2022-06-30 | −$388.0M | −$314.0M | — | −37.13% |
| Q1 2022 | 2022-03-31 | −$637.0M | −$158.0M | — | −67.55% |
| Q4 2021 | 2021-12-31 | −$86.0M | $139.0M | — | −8.53% |
| Q3 2021 | 2021-09-30 | −$432.0M | $218.0M | — | −50.41% |
| Q2 2021 | 2021-06-30 | −$74.0M | $930.0M | — | −6.31% |
| Q1 2021 | 2021-03-31 | −$479.0M | $181.0M | — | −40.05% |
| Q4 2020 | 2020-12-31 | −$225.0M | −$1.21B | — | −22.17% |
| Q3 2020 | 2020-09-30 | −$650.0M | −$1.25B | — | −145.74% |
| Q2 2020 | 2020-06-30 | −$1.00B | −$867.0M | — | −1619.35% |
| Q1 2020 | 2020-03-31 | −$660.0M | −$1.24B | — | −46.58% |
| Q4 2019 | 2019-12-31 | $980.0M | $5.0M | +0.51% | +51.66% |
| Q3 2019 | 2019-09-30 | $597.0M | −$92.0M | −13.35% | +18.37% |
| Q2 2019 | 2019-06-30 | −$137.0M | −$1.07B | — | −4.11% |
| Q1 2019 | 2019-03-31 | $580.0M | −$579.0M | −49.96% | +15.91% |
| Q4 2018 | 2018-12-31 | $975.0M | −$101.0M | −9.39% | +28.06% |
| Q3 2018 | 2018-09-30 | $689.0M | −$212.0M | −23.53% | +20.43% |
| Q2 2018 | 2018-06-30 | $929.0M | −$39.0M | −4.03% | +28.13% |
| Q1 2018 | 2018-03-31 | $1.16B | $398.0M | +52.30% | +32.38% |
| Q4 2017 | 2017-12-31 | $1.08B | $158.0M | +17.21% | +31.73% |
| Q3 2017 | 2017-09-30 | $901.0M | $254.0M | +39.26% | +28.50% |
| Q2 2017 | 2017-06-30 | $968.0M | $343.0M | +54.88% | +31.14% |
| Q1 2017 | 2017-03-31 | $761.0M | $305.0M | +66.89% | +24.81% |
| Q4 2016 | 2016-12-31 | $918.0M | $315.5M | +52.37% | +31.27% |
| Q3 2016 | 2016-09-30 | $647.0M | $181.8M | +39.07% | +21.79% |
| Q2 2016 | 2016-06-30 | $625.0M | $129.7M | +26.18% | +23.59% |
| Q1 2016 | 2016-03-31 | $456.0M | $89.0M | +24.26% | +16.78% |
| Q4 2015 | 2015-12-31 | $602.5M | −$227.1M | −27.38% | +21.06% |
| Q3 2015 | 2015-09-30 | $465.2M | −$495.2M | −51.56% | +16.08% |
| Q2 2015 | 2015-06-30 | $495.3M | −$487.8M | −49.62% | +16.96% |
| Q1 2015 | 2015-03-31 | $367.0M | −$513.9M | −58.34% | +12.18% |
| Q4 2014 | 2014-12-31 | $829.6M | −$150.4M | −15.35% | +24.29% |
| Q3 2014 | 2014-09-30 | $960.4M | $29.3M | +3.14% | +27.18% |
| Q2 2014 | 2014-06-30 | $983.1M | $41.2M | +4.38% | +27.13% |
| Q1 2014 | 2014-03-31 | $880.9M | $192.6M | +27.98% | +21.97% |
| Q4 2013 | 2013-12-31 | $980.0M | $481.5M | +96.60% | +26.81% |
| Q3 2013 | 2013-09-30 | $931.1M | $503.9M | +117.93% | +26.09% |
| Q2 2013 | 2013-06-30 | $941.9M | $528.2M | +127.71% | +29.04% |
| Q1 2013 | 2013-03-31 | $688.3M | $419.1M | +155.70% | +20.84% |
| Q4 2012 | 2012-12-31 | $498.5M | $186.0M | +59.54% | +16.20% |
| Q3 2012 | 2012-09-30 | $427.2M | −$53.5M | −11.13% | +15.77% |
| Q2 2012 | 2012-06-30 | $413.6M | $138.7M | +50.43% | +16.02% |
| Q1 2012 | 2012-03-31 | $269.2M | $183.3M | +213.49% | +9.74% |
| Q4 2011 | 2011-12-31 | $312.4M | $24.0M | +8.32% | +12.28% |
| Q3 2011 | 2011-09-30 | $480.7M | $433.6M | +920.75% | +19.95% |
| Q2 2011 | 2011-06-30 | $275.0M | $508.9M | — | +11.72% |
| Q1 2011 | 2011-03-31 | $85.9M | $341.3M | — | +4.07% |
| Q4 2010 | 2010-12-31 | $288.4M | $580.4M | — | +14.31% |
| Q3 2010 | 2010-09-30 | $47.1M | — | — | +2.47% |
| Q2 2010 | 2010-06-30 | −$234.0M | — | — | −14.67% |
| Q1 2010 | 2010-03-31 | −$255.4M | — | — | −19.13% |
| Q3 2009 | 2009-09-30 | −$292.0M | — | — | −25.59% |
Las Vegas Sands free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$2.54B to $1.85B, a net increase of $4.39B. Las Vegas Sands's latest reported quarter, Q2 2026, generated $350.0M in free cash flow, an increase of $458.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Las Vegas Sands filings at SEC.gov ↗