Inferra AI / Company / LVS
Las Vegas Sands
LVS · Consumer Discretionary
Last earnings Jul 22, 2026
Key results
Net revenuequarter
$3.18 billion
Net Revenue of $3.18 billion and
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Net revenue was $3.18 billion, compared to $2.76 billion in the prior year quarter.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Operating incomequarter
$783 million
Operating income was $783 million, compared to $591 million in the prior year quarter.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Net incomequarter
$519 million
Net income in the second quarter of 2025 was $519 million, compared to $424 million in the second quarter of 2024.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Revenuequarter
2.5%
Consolidated Financial Results On a GAAP basis, total net revenues for SCL increased 2.5% to $1.79 billion, compared to the second quarter of 2024.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Net income for SCL was $214 million, compared to $246 million in the second quarter of 2024.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
AI analysis
Q2 2025 · reported Jul 23, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net revenue | $3.18 billion | — | — |
| Operating income | $783 million | — | $591 million |
| Net income | $519 million | — | $424 million |
| Revenue | 2.5% | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Our financial strength and industry-leading cash flow continue to support our investment and capital expenditure programs in both Macao and Singapore, our pursuit of growth opportunities in new markets and our program to return excess capital to stockholders.
We repurchased $800 million of LVS shares under our share repurchase program during the quarter.
Event summary
Las Vegas Sands Q2 2025 — Net Revenue of $3.18 billion and
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Our financial strength and industry-leading cash flow continue to support our investment and capital expenditure programs in both Macao and Singapore, our pursuit of growth opportunities in new markets and our program to return excess capital to stockholders.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
We repurchased $800 million of LVS shares under our share repurchase program during the quarter.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
We look forward to utilizing our share repurchase program to continue to return excess capital to stockholders.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Our weighted average debt balance was $15.85 billion during the second quarter of 2025, compared to $14.73 billion during the second 2 quarter of 2024.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Our weighted average borrowing cost was 4.8% during the second quarter of 2025, compared to 5.0% during the second quarter of 2024.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Stockholder Returns During the second quarter of 2025, we repurchased $800 million of our common stock (approximately 20 million shares at a weighted average price of $39.59).
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Strategy & priorities
The company drew down SGD 1.13 billion (approximately $848 million at exchange rates in effect at the time of the payment) on the 2025 Singapore Delayed Draw Term Facility to fund the payment for the land premium related to the Marina Bay Sands expansion project.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
These forward-looking statements include the discussions of our business strategies and expectations concerning future operations, margins, profitability, liquidity and capital resources.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
These statements represent our expectations, beliefs, intentions or strategies concerning future events that, by their nature, involve a number of risks, uncertainties or other factors beyond our control, which may cause our actual results, performance, achievements or other expectations to be materially different from any future results, performance, achievements or other expectations expressed or implied by these forward-looking statements.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
( MBS ) and the Singapore Tourism Board ( STB ) entered into a development agreement (the Second Development Agreement ) pursuant to which MBS has agreed to construct a development (the MBS Expansion Project ) on a land parcel adjacent to Marina Bay Sands.
SEC original ↗Las Vegas Sands — 10-Q Quarterly report10-QJul 24, 2026
The MBS Expansion Project will include a hotel tower with luxury rooms and suites, a rooftop attraction, premium gaming areas, convention and meeting facilities and a state-of-the-art live entertainment arena with approximately 15,000 seats.
SEC original ↗Las Vegas Sands — 10-Q Quarterly report10-QJul 24, 2026
Risks & headwinds
These statements represent our expectations, beliefs, intentions or strategies concerning future events that, by their nature, involve a number of risks, uncertainties or other factors beyond our control, which may cause our actual results, performance, achievements or other expectations to be materially different from any future results, performance, achievements or other expectations expressed or implied by these forward-looking statements.
SEC original ↗Las Vegas Sands — Earnings release (8-K exhibit)EX-99Jul 23, 2025
Legal Proceedings 52 Item 1A.
SEC original ↗Las Vegas Sands — 10-Q Quarterly report10-QJul 24, 2026
Note 9 Commitments and Contingencies Litigation The Company is involved in other litigation in addition to those noted below, arising in the normal course of business.
SEC original ↗Las Vegas Sands — 10-Q Quarterly report10-QJul 24, 2026
Management has made certain estimates for potential litigation costs based upon consultation with legal counsel.
SEC original ↗Las Vegas Sands — 10-Q Quarterly report10-QJul 24, 2026
Actual results could differ from these estimates; however, in the opinion of management, such litigation and claims will not have a material effect on the Company s financial condition, results of operations and cash flows.
SEC original ↗Las Vegas Sands — 10-Q Quarterly report10-QJul 24, 2026
On February 9, 2026, the judge rapporteur ruled that Plaintiff s challenge was therefore invalid and would not be reviewed by the full panel of judges.
SEC original ↗Las Vegas Sands — 10-Q Quarterly report10-QJul 24, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 10-QLVS
Jul 24, 2026
- 8-KLVS
Jul 22, 2026
- Q1 2026
- 8-KLVS
May 18, 2026
- 8-KLVS
May 13, 2026
- 8-KLVS
May 5, 2026
- 10-QLVS
Apr 24, 2026
- 8-KLVS
Apr 22, 2026
- Q4 2025
- 8-KLVS
Mar 5, 2026
- 8-KLVS
Feb 13, 2026
- 10-KLVS
Feb 6, 2026
- 8-KLVS
Jan 28, 2026
- Q3 2025
- 8-KLVS
Oct 27, 2025
- 10-QLVS
Oct 24, 2025
- 8-KLVS
Oct 22, 2025
- Q2 2025
- 8-KLVS
Aug 11, 2025
- 10-QLVS
Jul 25, 2025
- 8-KLVS
Jul 23, 2025
- Q1 2025
- 8-KLVS
May 16, 2025
- 8-KLVS
May 6, 2025
- 8-KLVS
Apr 30, 2025
- 10-QLVS
Apr 25, 2025
- 8-KLVS
Apr 23, 2025
- Q4 2024
- 8-K/ALVS
Mar 11, 2025
- 8-KLVS
Mar 11, 2025
- 8-KLVS
Mar 6, 2025
- 8-KLVS
Mar 3, 2025
- 8-KLVS
Feb 24, 2025
- 10-KLVS
Feb 7, 2025
- 8-KLVS
Jan 29, 2025
- 8-KLVS
Jan 28, 2025
Earnings releases
7 documentsPresentations
0 documentsNo presentations for Las Vegas Sands are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Las Vegas Sands are held in this edition of the library.
Mentioned by
3 companiesOther tracked companies whose held documents mention Las Vegas Sands by name or ticker. A mention is counted once per document, from the document text the library holds.
Enlight Renewable Energy Ltd. (ENLT)
“…attributable to Las Vegas Sands Corp. $ 324 $ 382 $ 1,446 $ 1,221 Earnings per share: Basic $ 0.45 $ 0.50 $ 1.97 $ 1.60 Diluted $ 0.45 $ 0.50 $ 1.96 $ 1.6”
“…income attributable to Las Vegas Sands Corp. $ 346 $ 461 $ 913 $ 813 Earnings per share: Basic $ 0.53 $ 0.66 $ 1.38 $ 1.15 Diluted $ 0.53 $ 0.66 $ 1.38 $ 1.15 ”
“… (56) Net income attributable to Las Vegas Sands Corp. $ 567 $ 352 Earnings per share: Basic $ 0.85 $ 0.49 Diluted $ 0.85 $ 0.49 Weighted average shares outstanding: B”
See also the earnings calendar for every tracked company’s next earnings date.