Filing Flows › Las Vegas Sands (LVS) › Operating margin
Las Vegas Sands (LVS) operating margin by quarter
Las Vegas Sands' operating margin was 19.2% in Q3 2026 (third quarter 2026), -0.4 pts from Q2 2026. Over the last 7 quarters it ranged from 19.2% (Q3 2026) to 25.2% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 19.2% | -0.4 pts | -2.4 pts |
| Q2 2026 | 19.6% | -5.6 pts | -5.1 pts |
| Q1 2026 | 25.2% | +5.8 pts | +3.9 pts |
| Q4 2025 | 19.4% | -2.2 pts | — |
| Q3 2025 | 21.6% | -3.1 pts | — |
| Q2 2025 | 24.7% | +3.4 pts | — |
| Q1 2025 | 21.3% | — | — |
Q3 2026 at a glance
Las Vegas Sands, Q3 2026: revenue $3.2B (-4% year over year), operating margin 19.2%, net earnings $304M, operating cash flow $870M. The chart follows the revenue to costs, profit and cash.
Questions
What is Las Vegas Sands' operating margin?
Las Vegas Sands' operating margin was 19.2% in Q3 2026 (third quarter 2026), -0.4 pts from Q2 2026.
How has Las Vegas Sands' operating margin changed?
Over the last 7 quarters it ranged from 19.2% (Q3 2026) to 25.2% (Q1 2026).