LAS VEGAS SANDS CORP (LVS) Form 10-Q — Oct 23, 2026
Las Vegas Sands' Q3 2026 net revenues fell 3.5% year over year to $3.216 billion, with net income down 28.3% to $352 million and diluted EPS of $0.48 versus $0.61 a year ago. The decline was driven by lower table game win percentages, particularly at Marina Bay Sands where adjusted property EBITDA dropped 20.6%, and Macao EBITDA fell 12.0% amid a competitive operating environment. For the nine months, the picture is stronger: net revenues rose 6.3% to $9.955 billion and diluted EPS grew 5.1% to $1.86, though consolidated adjusted property EBITDA slipped 4.2% to $3.659 billion on rising patron reinvestment and payroll costs in Macao.
Key figures
- Eps
- 0.48
- Revenue
- 3216000000
- Net Income
- 352000000
- Revenue Yoy
- -3.5% (Q3); +6.3% nine months to $9,955M
- Total Assets
- 19418000000
- Cash Position
- 2858000000
- Shares Outstanding
- 626990133
- Q3 2025 eps
- 0.61
- Q3 net income yoy
- -28.3%
- Nine month net income
- 1366000000
- Scl ownership percent
- 75.56%
- Nine month diluted eps
- 1.86
- Buyback nine months usd
- 2502000000
- Mbs project cost incurred
- 3100000000
- Mbs expansion project cost
- 8000000000
- Available revolver capacity
- 4270000000
- Quarterly dividend per share
- 0.3
- Shares repurchased nine months
- 49062032
- Weighted average interest rate
- 4.7%
- Remaining repurchase authorization
- 5060000000
- Consolidated adjusted property ebitda q3
- 1119000000
- Consolidated adjusted property ebitda yoy
- -16.7%
AI analysis
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