Las Vegas Sands Corp. (LVS) Stock Price & Analysis
Las Vegas Sands Corp. (LVS) closed at USD 36.53 on Thursday, October 22, 2026, down 2.61% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 37.51; the Oct 22, 2026 session ranged USD 35.03–37.48 on volume of 11,389,414 shares. Market capitalization is $23.66B, with a 52-week range of USD 35.03–70.45 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LVS.md
Key facts (LVS)
- Last four reported quarters (through Jun 30, 2026): revenue $13.7B, net income $1.73B (12.6% margin), free cash flow $2.70B (SEC filings).
- Valuation: P/E 13.7x (avg 28.2x at the last 3 fiscal year-ends), EV/EBITDA 8.1x, net debt $11.9B.
- 1 of 80 tracked superinvestors hold LVS (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $617K; 1 not under a Rule 10b5-1 plan ($617K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.19 on a 1–5 scale) (21 analysts), mean target USD 50.09 (range 37–61).
- Total return with dividends: 1Y -34.4% vs S&P 500 +14.9%; 5Y +2.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 0.74, revenue estimate $3.52B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LVS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.23B | $4.11B | $10.4B | $11.3B | $13.0B | $13.7B |
| Operating income | -$689M | -$792M | $2.31B | $2.40B | $2.82B | $2.95B |
| Net income | -$961M | $1.83B | $1.22B | $1.45B | $1.63B | $1.73B |
| EPS (diluted) | -$1.26 | $2.40 | $1.60 | $1.96 | $2.35 | — |
| Free cash flow | -$1.07B | -$1.59B | $2.21B | $1.64B | $1.85B | $2.70B |
| Operating margin | -16.3% | -19.3% | 22.3% | 21.3% | 21.6% | 21.5% |
| Net margin | -22.7% | 44.6% | 11.8% | 12.8% | 12.5% | 12.6% |
| Revenue growth | +44.0% | -2.9% | +152.4% | +8.9% | +15.2% | — |
| Cash + short-term investments | $1.85B | $6.31B | $5.11B | $3.65B | $3.84B | — |
| Total debt | $14.8B | $16.0B | $14.0B | $13.8B | $15.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LVS)
P/E 13.7x · P/S 1.7x · EV/EBITDA 8.1x · EV/Sales 2.6x · P/FCF 8.8x · P/B 40.7x · FCF yield 11.42% · Earnings yield 7.30% · Dividend yield (paid, TTM) 3.96% · Buyback yield (TTM) 10.74% · Net debt $11.9B · EV $35.5B
P/E at fiscal year-ends: Dec 2025 27.7x, Dec 2024 26.2x, Dec 2023 30.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (LVS)
1 of 80 tracked investors hold LVS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $1.3M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (LVS)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-27 | Forman Charles D | Director | 11,400 | $617K | 6.1% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (LVS)
Consensus Buy (mean 2.19 on a 1–5 scale), 21 analysts; mean target USD 50.09 (low 37, high 61).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Jefferies | Target lowered | Hold | $40 → $37 |
| 2026-10-22 | Morgan Stanley | Target lowered | Equal-Weight | $55 → $49 |
| 2026-10-22 | Barclays | Target lowered | Overweight | $57 → $50 |
| 2026-10-22 | Wells Fargo | Target lowered | Equal-Weight | $44 → $40 |
| 2026-10-22 | JP Morgan | Target lowered | Overweight | $54 → $50 |
| 2026-10-22 | Stifel | Target lowered | Buy | $54 → $52 |
| 2026-10-22 | Mizuho | Target lowered | Outperform | $61 → $54 |
| 2026-10-22 | B of A Securities | Target lowered | Neutral | $50 → $45 |
| 2026-10-21 | Susquehanna | Target lowered | Positive | $63 → $51 |
| 2026-10-20 | JP Morgan | Target lowered | Overweight | $60 → $54 |
| 2026-10-20 | Stifel | Target lowered | Buy | $60 → $54 |
| 2026-10-19 | Morgan Stanley | Target lowered | Equal-Weight | $61 → $55 |
Total return (dividends reinvested) (LVS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -34.4% | +2.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -34.5% | +0.5% |
| Volatility (annualized) | 31.2% | 36.9% |
| Max drawdown | -47.6% (Dec 2025→Oct 2026) | -48.2% (Apr 2023→Apr 2025) |
LVS revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Casino | $2.34B | 74.2% | -3.1% |
| Rooms | $359.0M | 11.4% | +4.1% |
| Mall | $198.0M | 6.3% | +5.9% |
| Food and Beverage | $168.0M | 5.3% | +14.3% |
| Convention, Retail and Other | $88.0M | 2.8% | +8.6% |
| Total revenue | $3.15B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LVS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Venetian Macau | “Additionally, we entered into a shareholder dividend tax agreement with the Macao government in February 2024, effective for the period from January 1, 2023 through December 31, 2025, which provided for an annual payment as a substitution for a 12% tax otherwise due from VML shareholders on dividend distributions paid from VML gaming profits.” |
Quoted from the company's 10-K filed Feb 6, 2026.
LVS company outlook (results filed Oct 21, 2026)
- “Las Vegas Sands Corp. assumes no obligation to update any forward-looking statements and information.”
Quoted word-for-word from the SEC 8-K results press release.
LVS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.74 | $0.86 | -13.6% | $3.52B | 13 |
| Next quarter (ends Mar 2027) | $0.79 | $0.93 | -14.4% | $3.53B | 6 |
| Current fiscal year (ends Dec 2026) | $2.83 | $3.12 | -9.2% | $13.49B | 14 |
| Next fiscal year (ends Dec 2027) | $3.18 | $3.55 | -10.6% | $14.02B | 15 |
LVS options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 38.0% | ±4.5% |
| Nov 6, 2026 | 14 | 36.5% | ±6.1% |
| Nov 13, 2026 | 21 | 34.5% | ±6.8% |
| Nov 20, 2026 | 28 | 34.6% | ±7.8% |
| Nov 27, 2026 | 35 | 35.0% | ±8.8% |
| Dec 18, 2026 | 56 | 33.8% | ±11.0% |
| Jan 15, 2027 | 84 | 34.1% | ±13.5% |
| Mar 19, 2027 | 147 | 35.4% | ±18.2% |
30-day implied volatility 35% vs 22.6% realized over the last 30 trading days. Put/call ratio (volume) 0.16. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 36.53 |
|---|---|
| Change | ▼ 2.61% (down) |
| Previous Close | USD 37.51 |
| Open | USD 35.75 |
| Day Range | USD 35.03 – 37.48 |
| 52-Week Range | USD 35.03 – 70.45 |
| Volume | 11,389,414 shares |
| Market Cap | $23.66B |
| Exchange | NYQ |
Technical Analysis (LVS)
Nexqual's technical model rates LVS "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 31.32 (neutral) |
| vs SMA50 | Below (USD 41.08) |
| MACD | -0.95 (negative) |
Analyst Ratings (LVS)
Wall Street analysts rate LVS "Buy" based on 21 analysts, with a mean price target of USD 50.09 (range USD 37–61), per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 50.09 |
| High Target | USD 61 |
| Low Target | USD 37 |
| Buy / Hold / Sell | 14 / 7 / 0 |
Earnings (LVS)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 0.74 |
| Revenue Estimate | $3.52B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.54 vs est 0.68 ▼ miss |
| 2026-06-30 | USD 0.59 vs est 0.76 ▼ miss |
| 2026-03-31 | USD 0.91 vs est 0.76 ▲ beat |
| 2025-12-31 | USD 0.85 vs est 0.77 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (LVS)
| Total Revenue | $13.60B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -3.50% |
| Gross Margin | +75.38% |
| Operating Margin | +19.34% |
| Profit Margin | +11.85% |
| Debt / Equity | 17.04 |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $2.70B (19.7% of revenue) |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (LVS)
Nexqual rates Las Vegas Sands Corp.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Strong — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 75%, operating 19% (last 12 months) |
| Balance Sheet | Critical — $3.38B cash and investments vs $15.3B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $2.70B (last 4 quarters to Jun 2026, SEC), 20% margin |
| Efficiency | Mixed — No data |
Ownership (LVS)
| Insider Ownership | +61.71% |
|---|---|
| Institutional Ownership | +42.47% |
| Shares Outstanding | 647.70M |
| Float | 301.57M |
| Short % of Float | +14.44% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (LVS)
Las Vegas Sands Corp. is led by Patrick Dumont, Chairman, CEO, President & Treasurer, per Nexqual as of October 23, 2026 at 10:38 UTC.
| Chairman, CEO, President & Treasurer | Patrick Dumont |
|---|---|
| Executive VP & CFO | Randy A. Hyzak |
| Senior Vice President of Investor Relations | Daniel J. Briggs |
| Senior Vice President of Global Communications, Corporate Affairs & Public Relations | Ronald Reese |
Major Backers & Investors (LVS)
Notable institutional backers of Las Vegas Sands Corp. include Price (T.Rowe) Associates Inc, Shaw D.E. & Co., Inc., Invesco, according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 1.73% |
| Shaw D.E. & Co., Inc. | 1.4% |
| Invesco | 1.37% |
| Arrowstreet Capital, Limited Partnership | 1.14% |
| Fidelity | 0.6% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 5.88% |
| BlackRock | 3.84% |
| State Street | 2.34% |
| Geode Capital | 1.27% |
| BNY Mellon | 1.02% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
From Las Vegas Sands Corp.'s Latest SEC 10-K Filing (filed 2026-02-06)
Key Strengths & Strategy (as disclosed to the SEC)
- Las Vegas Sands Corp. ("LVSC," or together with its subsidiaries "we" or the "Company") is a Fortune 500 company and the leading global developer and operator of destination properties ("Integrated Resorts") that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities.
- Based on figures released by the Singapore Tourism Board (the "STB"), Singapore welcomed approximately 16.9 million international visitors during the year ended December 31, 2025, a 2.3% increase compared to 2024.
- Our Integrated Resorts feature non-gaming attractions and amenities including world-class entertainment, expansive retail offerings and market-leading MICE facilities.
- The broad appeal of our market-leading Integrated Resort offerings in our various markets enables us to serve the widest array of customer segments in each market.
Partnerships
- In accordance with the Concession (as defined below), VML has committed to invest, or cause to be invested, at least 35.84 billion patacas (approximately $4.47 billion at exchange rates in effect on December 31, 2025) in Macao (the "Investment Plan").
- In accordance with the Concession, VML has committed to invest, or cause to be invested, at least 35.84 billion patacas (approximately $4.47 billion at exchange rates in effect on December 31, 2025) in Macao (the "Investment Plan").
Legal & Regulatory Risks (Item 1A, quoted)
- Our business, financial condition and results of operations and/or the value of our securities or our ability to offer or continue to offer securities to investors may be materially and adversely affected to the extent the laws and regulations of mainland China become applicable to our operations in Macao and Hong Kong or economic, political and legal developments in Macao adversely affect our Macao operations.
- Failure to maintain the integrity of our information and information systems or comply with applicable privacy and cybersecurity requirements and regulations could harm our reputation and adversely affect our business.
- We may fail to establish and protect our IP rights and could be subject to claims of IP infringement.
- We are subject to anti-corruption laws and regulations, such as the Foreign Corrupt Practices Act (the "FCPA"), which generally prohibits U.S. companies and their intermediaries from making improper payments to foreign officials for the purpose of obtaining or retaining business. Any violation of the FCPA could have a material adverse effect on our business, financial condition, results of operations and cash flows.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| WYNN | Wynn Resorts, Limited | USD 75.13 | ▼ 0.83% |
| MGM | MGM Resorts International | USD 29.5 | ▲ 2.18% |
| CZR | Caesars Entertainment, Inc. | USD 29.07 | ▲ 0.59% |
| MTN | Vail Resorts, Inc. | USD 148.23 | ▲ 0.83% |
| BYD | Boyd Gaming Corporation | USD 72.27 | ▲ 2.35% |
| RRR | Red Rock Resorts, Inc. | USD 50.43 | ▲ 2.38% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt