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What changed in Las Vegas Sands Corp.'s latest annual report

In the year ended 31 Dec 2025, Las Vegas Sands Corp.'s revenue rose 15.2% to USD 13.02bn, from USD 11.30bn; net income rose 12.5% to USD 1.63bn, from USD 1.45bn; shareholders' equity fell 44.9% to USD 1.59bn, from USD 2.88bn.

Year ended 31 Dec 2025. Source: 10-K filed 6 Feb 2026, read it on SEC EDGAR.

USD 11.30bn to USD 13.02bn

Revenue, up 15.2% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue11.30bn13.02bnUp 15.2%
Net income1.45bn1.63bnUp 12.5%
Total assets20.67bn21.92bnUp 6.1%
Total liabilities17.51bn19.99bnUp 14.2%
Cash and cash equivalents3.65bn3.84bnUp 5.2%
Shareholders' equity2.88bn1.59bnDown 44.9%

Questions people ask

Did Las Vegas Sands Corp.'s revenue grow last year?

Revenue grew 15.2%, from USD 11.30bn to USD 13.02bn in the year ended 31 Dec 2025.

Is Las Vegas Sands Corp. profitable?

Yes. Net income was USD 1.63bn in the year ended 31 Dec 2025. The year before: USD 1.45bn.

How much cash and debt does Las Vegas Sands Corp. have?

At its latest year end (31 Dec 2025), Las Vegas Sands Corp. reported cash and cash equivalents of USD 3.84bn.

Where do these numbers come from?

From Las Vegas Sands Corp.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Las Vegas Sands Corp. (LVS) 10-K: what changed year on year | LYNORIQ Insights