Operating Income for Las Vegas Sands (LVS)
According to Las Vegas Sands's latest reported financial statements, the company's current operating income (TTM) is $3.38B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.38B
YoY change
+25.3%
5Y CAGR
N/A
Peak year (2014)
$4.13B
Cumulative operating income
$38.52B
Operating Income history chart for Las Vegas Sands (LVS) from 2000 to 2025
Operating Income history table for Las Vegas Sands (LVS) from 2000 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.09B | +25.3% | ||
| 2024 | $2.47B | +4.7% | ||
| 2023 | $2.35B | -405.8% | ||
| 2022 | -$770.00M | +19.8% | ||
| 2021 | -$643.00M | -50.6% | ||
| 2020 | -$1.30B | -134.0% | ||
| 2019 | $3.82B | -2.2% | ||
| 2018 | $3.91B | +11.9% | ||
| 2017 | $3.49B | +29.2% | ||
| 2016 | $2.70B | -7.9% | ||
| 2015 | $2.93B | -29.0% | ||
| 2014 | $4.13B | +18.7% | ||
| 2013 | $3.48B | +33.8% | ||
| 2012 | $2.60B | +8.4% | ||
| 2011 | $2.40B | +94.3% | ||
| 2010 | $1.24B | +723.9% | ||
| 2009 | $149.93M | -28.2% | ||
| 2008 | $208.81M | -36.9% | ||
| 2007 | $331.13M | -42.6% | ||
| 2006 | $576.72M | +17.5% | ||
| 2005 | $490.89M | +111.1% | ||
| 2004 | $232.54M | +24.9% | ||
| 2003 | $186.13M | +16.4% | ||
| 2002 | $159.94M | +22.8% | ||
| 2001 | $130.20M | -13.8% | ||
| 2000 | $150.96M | — |
Operating Income values are taken from Las Vegas Sands's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Las Vegas Sands (LVS) came in at $3.09B – grew 25.3% year-over-year.
Over 2015–2025 (10 years), Las Vegas Sands operating income expanded at a +0.5% compound annual rate, sustaining 3 straight years of year-over-year growth.
Las Vegas Sands operating income peaked at $4.13B in 2014; the latest annual figure is $3.09B in 2025 (25.2% below peak).
The dataset's maximum operating income sits at $4.13B (2014); the minimum reading of -$1.30B dates to 2020.
Within Consumer Cyclical, Las Vegas Sands (LVS) ranks 9th among 8 peers we track. The peer median for operating income is $16.64B.
Las Vegas Sands Operating Income by Year
Las Vegas Sands Operating Income 2025: $3.09B
Las Vegas Sands operating income in 2025 was $3.09B, grew 25.3% from 2024.
Las Vegas Sands Operating Income 2024: $2.47B
Las Vegas Sands operating income in 2024 was $2.47B, edged up 4.7% from 2023.
Las Vegas Sands Operating Income 2023: $2.35B
Las Vegas Sands operating income in 2023 was $2.35B, plunged 405.8% below 2022.
Las Vegas Sands Operating Income 2022: -$770.00M
Las Vegas Sands operating income in 2022 was -$770.00M, grew 19.8% from 2021.
Las Vegas Sands Operating Income 2021: -$643.00M
Las Vegas Sands operating income in 2021 was -$643.00M.
See more financial history for Las Vegas Sands (LVS).
Sector peers — Operating Income
Companies in the same sector as Las Vegas Sands, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is Las Vegas Sands's operating income?
- Latest reported operating income for Las Vegas Sands (LVS) is $3.38B (period ending March 31, 2026).
How has Las Vegas Sands operating income changed year-over-year?
- Las Vegas Sands (LVS) operating income changed +25.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Las Vegas Sands operating income?
- Las Vegas Sands (LVS) operating income compound annual growth rate is +0.5% over the most recent 10 years available.
When did Las Vegas Sands operating income hit its highest annual value?
- Las Vegas Sands operating income reached its highest annual value of $4.13B in 2014.
What was Las Vegas Sands operating income in 2024?
- Las Vegas Sands (LVS) operating income in 2024 was $2.47B.
What was Las Vegas Sands operating income in 2025?
- Las Vegas Sands (LVS) operating income in 2025 was $3.09B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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