Short answer
Las Vegas Sands (LVS) filed its Q1 2026 10-Q quarterly report on Apr 24, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $3.6B (up 25.3% year over year) with net income of $567M.
Q1 2026 key financials · XBRL
- Revenue
- $3.6B
- +25.3% YoY
- Net income
- $567M
- +61.1% YoY
- Operating margin
- 25.2%
- EPS (diluted)
- $0.85
- +73.5% YoY
Source: XBRL data from the Las Vegas Sands (LVS) Q1 2026 10-Q on SEC EDGAR. USD.
Las Vegas Sands Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3,585M, up 25.3% YoY from $2,862M
- Operating margin 25.2% vs 21.3% YoY, with operating income $904M vs $609M
- Marina Bay Sands best segment: adjusted property EBITDA $788M, up 30.2%; The Parisian Macao weakest, down 30.3% to $46M
- Unrestricted cash $3.33B; $740M share repurchases and $202M dividends during quarter
- Competitive Macao environment and higher credit-loss provision; continued premium-suite investment and capital returns supported by $3.97B borrowing capacity
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward risks remain unchanged, with no newly triggered risk identified this quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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