What is the current annual gross margin of LVS?

As of today, LVS annual gross margin is 28.18%

What is 1-year change in LVS annual gross margin?

LVS annual gross margin is down -23.34% year-over-year

What is 3-year change in LVS annual gross margin?

LVS annual gross margin is up +88.62% over the past 3 years

How far is LVS annual gross margin from its all-time high?

LVS annual gross margin is currently -44.75% below its historical high of 51.00% set on December 31, 2002

How does LVS annual gross margin rank versus sector peers?

LVS annual gross margin is higher than 48.98% of companies in Consumer Cyclical sector

When is LVS next annual earnings release?

The next annual earnings release for LVS is on January 27, 2027

What is the current quarterly gross margin of LVS?

As of today, LVS quarterly gross margin is 34.39%

What is LVS quarterly gross margin most recent change?

LVS quarterly gross margin was down -2.19% on September 30, 2026

What is 1-year change in LVS quarterly gross margin?

LVS quarterly gross margin is down -9.81% year-over-year

How far is LVS quarterly gross margin from its all-time high?

LVS quarterly gross margin is currently -28.95% below its historical high of 48.40% set on March 31, 2005

How does LVS quarterly gross margin rank versus sector peers?

LVS quarterly gross margin is higher than 54.43% of companies in Consumer Cyclical sector

When is LVS next earnings release?

The next earnings release for LVS is on January 27, 2027

LVS Gross Margin History & Chart Since 2000

Annual Gross Margin

28.18%8.58%-23.34%

December 31, 2025

Summary

Current Value: As of today, LVS annual gross margin is 28.18%, down -23.34% on December 31, 2025
Historical Performance: LVS annual gross margin is up +88.62% over the past 3 years, up +570.45% over the past 5 years
All-Time High Comparison: LVS annual gross margin is currently -44.75% below its historical high of 51.00% set on December 31, 2002
3-Year Low Comparison: LVS annual gross margin is +88.62% above its 3-year low of 14.94% reached on an earlier date
Sector Comparison: LVS annual gross margin is higher than 48.98% of companies in Consumer Cyclical sector

Gross Margin Chart

beforeafter

Performance

LVS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	28.18%	-23.3%	+88.6%	+570.5%	-15.4%
Quarterly Gross Margin	Sep 30, 26	34.39%	-9.8%	-11.1%	+2586.7%	-15.6%
Price	Nov 11, 26	$40.23	-40.0%	-15.8%	+1.9%	-13.2%
PE Ratio	Nov 11, 26	16.56	-45.2%	-69.5%	–	-46.1%
Annual Revenue	Dec 31, 25	$13.02B	+15.2%	+216.7%	+342.8%	+89.9%
Annual Gross Profit	Dec 31, 25	$3.67B	-11.7%	+497.4%	+2184.1%	+60.7%
Annual Operating Margin	Dec 31, 25	23.73%	+8.7%	+226.7%	+153.6%	+31.7%
Annual Net Margin	Dec 31, 25	14.34%	-7.5%	+138.3%	+122.2%	+44.0%

Gross Margin Highs

LVS Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	37.61%	Dec 31, 23	-25.1%
5Y	37.61%	Dec 31, 23	-25.1%
All	51.00%	Dec 31, 02	-44.8%

Gross Margin Lows

LVS Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	14.94%	N/A	+88.6%
5Y	-5.99%	N/A	+570.5%
All	-5.99%	Dec 31, 20	+570.5%

Gross Margin History

Year	Value	Change
2025	28.18%	-23.3%
2024	36.76%	-2.3%
2023	37.61%	+151.7%
2022	14.94%	+11.6%
2021	13.39%	+323.5%
2020	-5.99%	-114.3%
2019	41.79%	+1.7%
2018	41.11%	+0.1%
2017	41.07%	+5.0%
2016	39.11%	-0.0%
2015	39.12%	-1.8%
2014	39.82%	+4.5%
2013	38.10%	+1.7%

Year	Value	Change
2012	37.46%	-4.6%
2011	39.25%	+17.8%
2010	33.31%	+38.2%
2009	24.11%	-2.7%
2008	24.78%	-25.3%
2007	33.17%	-22.9%
2006	43.01%	-3.0%
2005	44.35%	-9.4%
2004	48.95%	-1.1%
2003	49.49%	-3.0%
2002	51.00%	+10.9%
2001	45.99%	-0.4%
2000	46.19%	-

FAQ

What is the current annual gross margin of LVS?: As of today, LVS annual gross margin is 28.18%
What is 1-year change in LVS annual gross margin?: LVS annual gross margin is down -23.34% year-over-year
What is 3-year change in LVS annual gross margin?: LVS annual gross margin is up +88.62% over the past 3 years
How far is LVS annual gross margin from its all-time high?: LVS annual gross margin is currently -44.75% below its historical high of 51.00% set on December 31, 2002
How does LVS annual gross margin rank versus sector peers?: LVS annual gross margin is higher than 48.98% of companies in Consumer Cyclical sector
When is LVS next annual earnings release?: The next annual earnings release for LVS is on January 27, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

34.39%0.77%-2.19%

September 30, 2026

Summary

Current Value: As of today, LVS quarterly gross margin is 34.39%, down -2.19% on September 30, 2026
Historical Performance: LVS quarterly gross margin is down -9.81% year-over-year, down -11.09% over the past 3 years
All-Time High Comparison: LVS quarterly gross margin is currently -28.95% below its historical high of 48.40% set on March 31, 2005
3-Year Low Comparison: LVS quarterly gross margin is at its 3-year low
Sector Comparison: LVS quarterly gross margin is higher than 54.43% of companies in Consumer Cyclical sector

Performance

LVS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	34.39%	-2.2%	-9.8%	-11.1%	+2586.7%
Annual Gross Margin	Dec 31, 25	28.18%	–	-23.3%	+88.6%	+570.5%
Price	Nov 11, 26	$40.23	-12.0%	-40.0%	-15.8%	+1.9%
PE Ratio	Nov 11, 26	16.56	-7.0%	-45.2%	-69.5%	–
Quarterly Revenue	Sep 30, 26	$3.22B	+2.0%	-3.5%	+15.1%	+275.3%
Quarterly Gross Profit	Sep 30, 26	$752.00M	-32.2%	-40.8%	-30.4%	+6736.4%
Quarterly Operating Margin	Sep 30, 26	19.50%	-1.6%	-18.2%	-21.6%	+154.6%
Quarterly Net Margin	Sep 30, 26	10.95%	-7.4%	-25.7%	-31.8%	+115.8%

Quarterly Gross Margin Highs

LVS Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	38.24%	Mar 31, 26	-10.1%
3Y	39.27%	Mar 31, 24	-12.4%
5Y	39.27%	Mar 31, 24	-12.4%
All	48.40%	Mar 31, 05	-28.9%

Quarterly Gross Margin Lows

LVS Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	34.39%	Sep 30, 26	at low
3Y	34.39%	Sep 30, 26	at low
5Y	1.28%	N/A	+2586.7%
All	-758.06%	Jun 30, 20	+104.5%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	34.39%	-2.2%
Jun 2026	35.16%	-8.1%
Mar 2026	38.24%	+0.7%
Dec 2025	37.96%	-0.4%
Sep 2025	38.13%	-2.8%
Jun 2025	39.24%	+8.0%
Mar 2025	36.34%	+0.3%
Dec 2024	36.22%	+4.4%
Sep 2024	34.68%	-5.4%
Jun 2024	36.65%	-6.7%
Mar 2024	39.27%	+0.8%
Dec 2023	38.94%	+0.7%
Sep 2023	38.68%	+2.3%
Jun 2023	37.80%	+6.6%
Mar 2023	35.47%	+102.1%
Dec 2022	17.55%	+5.0%
Sep 2022	16.72%	-6.5%
Jun 2022	17.89%	+167.8%
Mar 2022	6.68%	-51.6%
Dec 2021	13.79%	+977.3%
Sep 2021	1.28%	-92.6%
Jun 2021	17.39%	-2.4%
Mar 2021	17.81%	+19.7%
Dec 2020	14.88%	+134.4%
Sep 2020	-43.27%	+94.3%
Jun 2020	-758.06%	-3,297.2%
Mar 2020	23.71%	-44.6%
Dec 2019	42.78%	+1.9%
Sep 2019	41.97%	+3.2%
Jun 2019	40.67%	-2.5%
Mar 2019	41.72%	+4.0%
Dec 2018	40.12%	-1.0%
Sep 2018	40.51%	+1.1%
Jun 2018	40.05%	-8.2%
Mar 2018	43.62%	+1.4%
Dec 2017	43.00%	+2.8%
Sep 2017	41.82%	+3.8%
Jun 2017	40.30%	+3.4%
Mar 2017	38.96%	+1.4%
Dec 2016	38.44%	-8.2%
Sep 2016	41.89%	+6.8%
Jun 2016	39.23%	+6.9%
Mar 2016	36.70%	-7.9%
Dec 2015	39.86%	+0.6%
Sep 2015	39.63%	+4.2%

Month	Value	Change
Jun 2015	38.02%	-2.5%
Mar 2015	39.00%	-3.6%
Dec 2014	40.44%	+2.9%
Sep 2014	39.29%	+1.2%
Jun 2014	38.84%	-2.6%
Mar 2014	39.88%	+7.4%
Dec 2013	37.12%	-5.2%
Sep 2013	39.16%	+5.0%
Jun 2013	37.28%	-1.7%
Mar 2013	37.91%	+4.5%
Dec 2012	36.27%	+0.8%
Sep 2012	35.97%	+0.4%
Jun 2012	35.84%	-11.9%
Mar 2012	40.67%	+6.2%
Dec 2011	38.28%	-6.0%
Sep 2011	40.73%	+2.1%
Jun 2011	39.90%	+6.3%
Mar 2011	37.54%	-0.6%
Dec 2010	37.77%	+5.8%
Sep 2010	35.70%	+17.2%
Jun 2010	30.46%	+14.6%
Mar 2010	26.58%	+3.4%
Dec 2009	25.71%	+8.0%
Sep 2009	23.81%	+7.3%
Jun 2009	22.20%	-6.2%
Mar 2009	23.66%	+10.6%
Dec 2008	21.39%	+0.9%
Sep 2008	21.19%	-23.1%
Jun 2008	27.57%	-5.0%
Mar 2008	29.03%	-6.1%
Dec 2007	30.92%	+11.3%
Sep 2007	27.79%	-22.7%
Jun 2007	35.96%	-9.8%
Mar 2007	39.87%	+22.0%
Dec 2006	32.68%	-23.1%
Sep 2006	42.51%	+2.3%
Jun 2006	41.55%	-7.3%
Mar 2006	44.84%	+36.9%
Dec 2005	32.76%	-21.1%
Sep 2005	41.51%	-7.7%
Jun 2005	44.97%	-7.1%
Mar 2005	48.40%	+58.2%
Dec 2004	30.60%	-33.3%
Sep 2004	45.89%	-

FAQ

What is the current quarterly gross margin of LVS?: As of today, LVS quarterly gross margin is 34.39%
What is LVS quarterly gross margin most recent change?: LVS quarterly gross margin was down -2.19% on September 30, 2026
What is 1-year change in LVS quarterly gross margin?: LVS quarterly gross margin is down -9.81% year-over-year
How far is LVS quarterly gross margin from its all-time high?: LVS quarterly gross margin is currently -28.95% below its historical high of 48.40% set on March 31, 2005
How does LVS quarterly gross margin rank versus sector peers?: LVS quarterly gross margin is higher than 54.43% of companies in Consumer Cyclical sector
When is LVS next earnings release?: The next earnings release for LVS is on January 27, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

LVS Official Website www.sands.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1300514/000130051426000013/0001300514-26-000013-index.htm
LVS Profile on Yahoo Finance finance.yahoo.com/quote/LVS
LVS Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/lvs