LVS at a glance
Las Vegas Sands (LVS, SEC CIK 1300514) filed its latest 10-K annual report on February 6, 2026, a 10-Q quarterly report on July 24, 2026, an 8-K current report on July 22, 2026 and Form 4 insider filings as recently as September 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Las Vegas Sands (LVS) reported revenue of $13.0 billion (up 15.2% from FY2024) and net income of $1.6 billion. Diluted EPS was $2.35.
- As of June 30, 2026, 38 institutional investment managers tracked by SignalX reported holding Las Vegas Sands (LVS) shares worth $6.9 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $13.0B
- +15.2% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 38 funds
- $6.9B · +0 vs prior quarter
- Latest 8-K
- Jul 22, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Integrated resort operations focused on gaming and hospitality in Macao and Singapore
- No new products, services, or segments introduced; emphasis on cash flow dependency from Asian properties and subsidiaries
- Strategic focus on resuming dividend payments after COVID-19 suspension: parent company resumed dividends in August 2023; SCL in June 2025
- Notable quantitative: dividend program suspended April 2020–July 2023, resumed August 2023; SCL dividends resumed June 2025
- Highlight: significant restrictions from debt covenants impacting dividends, acquisitions, asset disposals, and new business activities
Risk Factors
- Regulatory risk: Potential foreign exchange and capital controls imposed by mainland China government on Renminbi convertibility and remittances from subsidiaries
- Geopolitical exposure: $2.07 billion of subsidiary cash available for repatriation from Macao, Hong Kong, Singapore subject to evolving local restrictions
- Operational risk: Debt agreements of SCL and Singapore subsidiaries may restrict dividends or distributions up to unknown limits
- Financial risk: SCL senior notes interest payments $288 million in 2025, with $1.63 billion redeemed in 2025, impacting liquidity management
- Market risk: Heavy operational dependence on Macao and Singapore gaming properties with limited geographic diversification
Management Discussion & Analysis
- Revenue details not explicitly stated in the MDA; decline in operating income at Macao properties partially noted
- Operating cash flow $3.02B in 2025, down $181M from $3.20B in 2024
- Capital expenditures $1.17B in 2025 vs $1.57B in 2024; $574M spent at Marina Bay Sands, $555M in Macao
- Financing cash flow used $1.64B in 2025 vs $3.06B in 2024; $2.22B spent on stock repurchases in 2025
- Forward outlook: gaming license renewal at Marina Bay Sands valid through April 2028; no quantitative guidance disclosed
AI summary of the LVS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $3.154B, down $21M or 0.7% YoY
- Operating income $618M, down 21.1%; net income $373M, down 28.1%
- Adjusted property EBITDA $1.119B, down 16.1%; Marina Bay Sands largest segment at $689M, down 10.3%
- Worst segment The Plaza Macao and Four Seasons EBITDA $20M, down 69.7% YoY
- Cash $3.38B plus $4.26B borrowing capacity; repurchases $1.53B and dividends $400M in first half 2026
- Macao headwinds: competitive environment, higher patron reinvestment, payroll, gaming taxes and marketing costs
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward risks include regulatory restrictions affecting casino operations
- Carried-forward risks include competition and market volatility affecting gaming demand
- Carried-forward financial risk includes outstanding 5.300% notes due 2031 and 5.650% notes due 2033
AI summary of the LVS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Press release issued July 22, 2026 and attached as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue $3.15B, down from $3.18B; net income $373M versus $519M, signaling significant earnings pressure
- Adjusted property EBITDA $1.12B versus $1.33B, with margin falling to 35.5% from 42.0%
Item 5.07: Submission of Matters to a Vote of Security Holders
- All eight director nominees elected to serve until the 2027 annual meeting
- Alain Li received the lowest support, with 539,238,705 votes for and 57,524,522 withheld
Item 1.01: Entry into a Material Definitive Agreement
- $1.0B senior-notes issuance: $500M due 2031 at 5.300% and $500M due 2033 at 5.650%
- Proceeds refinance $1.0B of 3.500% notes due August 2026, plus fees and general corporate purposes
AI summaries of LVS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LVS
Don't miss the next LVS filing
- Alerts as it files. A push when LVS files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut LVS, by share count.
- Ask anything. An AI agent that reads every LVS filing and answers with sources.
LVS alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Adelson Miriam | G | Aug 31, 2026 | 1,077,046 | - |
| Adelson Miriam | G | Aug 31, 2026 | 7,947,648 | - |
| Adelson Miriam | G | Jun 16, 2026 | 43,859,459 | - |
| Adelson Miriam | G | Jun 16, 2026 | 43,859,459 | - |
| Adelson Miriam | G | Jun 16, 2026 | 87,718,919 | - |
| Adelson Miriam | G | Jun 16, 2026 | 87,718,918 | - |
| Adelson Miriam | G | Jun 16, 2026 | 43,859,459 | - |
| Adelson Miriam | G | Jun 16, 2026 | 43,859,460 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $11.3B | $13.0B |
| Operating Income | - | $2.4B | $2.8B |
| Net Income | $1.2B | $1.4B | $1.6B |
| Op. Margin | - | 21.3% | 21.6% |
| Net Margin | - | 12.8% | 12.5% |
| Balance Sheet | |||
| Total Assets | $21.8B | $20.7B | $21.9B |
| Equity | - | $2.9B | $1.6B |
| ROE | - | 50.1% | 102.3% |
| Per Share | |||
| EPS | $1.60 | $1.96 | $2.35 |
| Cash Flow | |||
| Operating CF | - | $3.2B | $3.0B |
| CapEx | $1.0B | $1.6B | $1.2B |
Source: XBRL data in Las Vegas Sands (LVS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LVS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 38 | $6.93B |
| Q1 2026 | 38 | $7.98B |
| Q4 2025 | 33 | $9.60B |
| Q3 2025 | 33 | $8.13B |
| Q2 2025 | 30 | $6.72B |
| Q1 2025 | 29 | $4.61B |
| Q4 2024 | 24 | $4.85B |
| Q3 2024 | 23 | $3.29B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 248 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LVS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 2, 2026 | - | - | - |
| 10-Q | Jul 24, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 13, 2026 | - | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 10-Q | Apr 24, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 22, 2026 | - | Analysis | - |
| 4 | Mar 19, 2026 | - | - | - |
| 8-K | Mar 5, 2026 | - | Analysis | - |
| 8-K | Feb 13, 2026 | - | - | |
| 4 | Feb 9, 2026 | - | - | |
| 10-K | Feb 6, 2026 | Dec 31, 2025 | Analysis |
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LVS SEC filings: frequently asked questions
Which institutions hold LVS stock?
As of June 30, 2026, the largest Las Vegas Sands (LVS) holders among the 13F filers tracked by SignalX were BlackRock ($1.1 billion), Vanguard Capital Management LLC ($898.2 million), Vanguard Portfolio Management LLC ($861.2 million), State Street Corp ($700.2 million), T. Rowe Price Group ($516.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LVS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Las Vegas Sands (LVS) reported revenue of $13.0 billion (up 15.2% from FY2024) and net income of $1.6 billion. Diluted EPS was $2.35. The figures come from the XBRL data in the 10-K.
What are the main risks in LVS's latest 10-K?
In the 10-K filed February 6, 2026, Las Vegas Sands (LVS) flagged: Regulatory risk: Potential foreign exchange and capital controls imposed by mainland China government on Renminbi convertibility and remittances from subsidiaries. Geopolitical exposure: $2.07 billion of subsidiary cash available for repatriation from Macao, Hong Kong, Singapore subject to evolving local restrictions. (AI summary of the Risk Factors section.)
What did LVS report in its latest 8-K?
Las Vegas Sands (LVS) filed an 8-K on July 22, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results covered quarter ended June 30, 2026.
What are the latest LVS SEC filings?
Las Vegas Sands (LVS) filed its latest 10-K annual report on February 6, 2026, a 10-Q quarterly report on July 24, 2026, an 8-K current report on July 22, 2026 and a Form 4 insider filing on September 2, 2026.
What is LVS's SEC CIK number?
Las Vegas Sands (LVS)'s SEC Central Index Key (CIK) is 1300514. EDGAR lists every LVS filing under that number.
Ask anything about LVS
The research agent reads LVS's filings, financials, insider trades and 13F holders, then answers with sources.