Filing Flows › Las Vegas Sands (LVS) › Q3 2026
Las Vegas Sands (LVS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 23, 2026
Las Vegas Sands (LVS) reported revenue of $3.2B for the third quarter 2026 (Q3 2026), -3% from a year earlier and +2% from the quarter before. Operating margin was 19.2%, net earnings $304M (9.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +2% | -3% |
| Operating profit | $618M | 0% | -14% |
| Net earnings | $304M | -12% | -27% |
| Operating cash flow | $870M | +28% | -22% |
| Free cash flow | $589M | +68% | -34% |
What changed
Revenue was $3.2B in Q3 2026, down 3% year over year and up 2% from the previous quarter. Casino was the largest line at 74% of revenue. Casino lost $0.14B year over year (down 5%), 118% of the total change.
Operating profit was $0.62B, a 19.2% margin (down 2.4 points year over year). Total costs fell 1% while revenue fell 3%. Net earnings were $0.30B, down 27% year over year. The effective tax rate was 22.5%.
Operating cash flow was $0.87B (down 22% year over year), 247% of net income including minority interests. Non-cash charges added back $0.34B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.16B. Capital expenditures of $0.28B left free cash flow of $0.59B.
Questions
What was Las Vegas Sands' revenue in the third quarter 2026?
Las Vegas Sands (LVS) reported revenue of $3.2B for the third quarter 2026 (Q3 2026), -3% from a year earlier and +2% from the quarter before.
Was Las Vegas Sands profitable in the third quarter 2026?
Operating profit was $618M (19.2% of revenue) and net earnings $304M.
Source: Las Vegas Sands 10-Q on SEC EDGAR.