Buyback yield (TTM)
7.08%
Shareholder yield (TTM)
9.45%
5Y share count change
-9.3%
Buyback spend (TTM)
$2.55B
Cumulative buybacks
$8.96B
Key takeaways
- Las Vegas Sands (LVS) repurchased about $2.55B of stock over the trailing twelve months.
- Diluted share count is down 9.3% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 38.09× — repurchases more than cover SBC dilution.
- TTM repurchases used about 174% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Las Vegas Sands (LVS)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Las Vegas Sands (LVS)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Las Vegas Sands (LVS)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Las Vegas Sands (LVS)
Latest: $2.22B
Overview
Las Vegas Sands (LVS) most recent annual buyback spend stands at $2.22B (2025) – grew 26.3% year-over-year.
Las Vegas Sands buyback spend compound annual growth for the 2015–2025 (10 years) window is +26.9%, sustaining 4 straight years of year-over-year growth.
2025 marks the peak buyback spend at $2.22B, with the historical low of $0.00 recorded in 2000.
Las Vegas Sands Buyback Spend 2025: $2.22B
Las Vegas Sands buyback spend in 2025 was $2.22B, grew 26.3% from 2024. This figure represents the highest annual value in the available history.
Las Vegas Sands Buyback Spend 2024: $1.75B
2024's buyback spend for Las Vegas Sands came in at $1.75B, surged 246.2% from 2023.
Las Vegas Sands Buyback Spend 2023: $507.00M
Las Vegas Sands posted buyback spend of $507.00M in 2023, surged 50600.0% from 2022.
Las Vegas Sands Buyback Spend 2022: $1.00M
Las Vegas Sands buyback spend in 2022 was $1.00M.
Las Vegas Sands Buyback Spend 2021: $0.00
Las Vegas Sands buyback spend in 2021 was $0.00.
See more financial history for Las Vegas Sands (LVS).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $2.22B | $54.00M | $2.16B | 5.05% | 0.69B | -6.0% | |
| 2024 | $1.75B | $55.00M | $1.70B | 4.65% | 0.74B | -3.7% | |
| 2023 | $507.00M | $44.00M | $463.00M | 1.36% | 0.77B | +0.1% | |
| 2022 | $1.00M | $39.00M | −$38.00M | 0.00% | 0.76B | 0.0% | |
| 2021 | $0.00 | $22.00M | −$22.00M | — | 0.76B | 0.0% | |
| 2020 | $0.00 | $22.00M | −$22.00M | — | 0.76B | -0.9% | |
| 2019 | $754.00M | $35.00M | $719.00M | 1.42% | 0.77B | -1.9% | |
| 2018 | $905.00M | $30.00M | $875.00M | 2.23% | 0.79B | -0.8% | |
| 2017 | $375.00M | $34.00M | $341.00M | 0.68% | 0.79B | -0.4% | |
| 2016 | $0.00 | $34.00M | −$34.00M | — | 0.80B | -0.3% | |
| 2015 | $205.00M | $46.00M | $159.00M | 0.59% | 0.80B | -1.3% | |
| 2014 | $1.68B | $48.00M | $1.63B | 3.60% | 0.81B | -2.2% | |
| 2013 | $561.15M | $53.38M | $507.77M | 0.87% | 0.83B | +0.2% | |
| 2012 | $0.00 | $65.43M | −$65.43M | — | 0.82B | +1.6% | |
| 2011 | $0.00 | $62.71M | −$62.71M | — | 0.81B | +2.5% | |
| 2010 | $0.00 | $58.02M | −$58.02M | — | 0.79B | +20.5% | |
| 2009 | $0.00 | $45.55M | −$45.55M | — | 0.66B | +67.5% | |
| 2008 | $0.00 | $53.85M | −$53.85M | — | 0.39B | +10.2% | |
| 2007 | $0.00 | $0.00 | $0.00 | — | 0.36B | +0.1% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.36B | +0.2% | |
| 2005 | $487.00K | $0.00 | $487.00K | 0.00% | 0.35B | +8.5% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.33B | +0.5% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.33B | -9.5% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.36B | -8.7% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.39B | +16.7% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.34B | — |
- 2025$2.22B
- 2024$1.75B
- 2023$507.00M
- 2022$1.00M
- 2021$0.00
- 2020$0.00
- 2019$754.00M
- 2018$905.00M
- 2017$375.00M
- 2016$0.00
- 2015$205.00M
- 2014$1.68B
- 2013$561.15M
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$0.00
- 2006$0.00
- 2005$487.00K
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
Buybacks vs stock-based compensation for Las Vegas Sands (LVS)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 38.09×.
Buybacks vs dividends (share of cash returned) for Las Vegas Sands (LVS)
How Las Vegas Sands splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Las Vegas Sands, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.46B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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