What is the current annual operating margin of LVS?

As of today, LVS annual operating margin is 23.73%

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

LVS annual operating margin is up +8.70% year-over-year

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

LVS annual operating margin is up +226.70% over the past 3 years

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

LVS annual operating margin is currently -16.62% below its historical high of 28.46% set on December 31, 2018

How does LVS annual operating margin rank versus sector peers?

LVS annual operating margin is higher than 95.72% 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 operating margin of LVS?

As of today, LVS quarterly operating margin is 19.50%

What is LVS quarterly operating margin most recent change?

LVS quarterly operating margin was down -1.61% on September 30, 2026

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

LVS quarterly operating margin is down -18.20% year-over-year

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

LVS quarterly operating margin is currently -43.33% below its historical high of 34.41% set on March 31, 2004

How does LVS quarterly operating margin rank versus sector peers?

LVS quarterly operating margin is higher than 87.40% of companies in Consumer Cyclical sector

When is LVS next earnings release?

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

LVS Operating Margin History & Chart Since 2000

Annual Operating Margin

23.73%1.90%+8.70%

December 31, 2025

Summary

Current Value: As of today, LVS annual operating margin is 23.73%, up +8.70% on December 31, 2025
Historical Performance: LVS annual operating margin is up +226.70% over the past 3 years, up +153.63% over the past 5 years
All-Time High Comparison: LVS annual operating margin is currently -16.62% below its historical high of 28.46% set on December 31, 2018
3-Year Low Comparison: LVS annual operating margin is +226.70% above its 3-year low of -18.73% reached on an earlier date
Sector Comparison: LVS annual operating margin is higher than 95.72% of companies in Consumer Cyclical sector

Operating Margin Chart

beforeafter

Performance

LVS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	23.73%	+8.7%	+226.7%	+153.6%	+31.7%
Quarterly Operating Margin	Sep 30, 26	19.50%	-18.2%	-21.6%	+154.6%	-25.8%
Price	Nov 9, 26	$40.18	-38.4%	-16.1%	-2.2%	-13.1%
PE Ratio	Nov 9, 26	16.53	-43.8%	-69.6%	–	-46.0%
Annual Revenue	Dec 31, 25	$13.02B	+15.2%	+216.7%	+342.8%	+89.9%
Annual Operating Profit	Dec 31, 25	$3.09B	+25.3%	+501.2%	+337.4%	+150.1%
Annual Gross Margin	Dec 31, 25	28.18%	-23.3%	+88.6%	+570.5%	-15.4%
Annual Net Margin	Dec 31, 25	14.34%	-7.5%	+138.3%	+122.2%	+44.0%

Operating Margin Highs

LVS Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	23.73%	Dec 31, 25	at high
5Y	23.73%	Dec 31, 25	at high
All	28.46%	Dec 31, 18	-16.6%

Operating Margin Lows

LVS Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	-18.73%	N/A	+226.7%
5Y	-44.25%	N/A	+153.6%
All	-44.25%	Dec 31, 20	+153.6%

Operating Margin History

Year	Value	Change
2025	23.73%	+8.7%
2024	21.83%	-3.9%
2023	22.71%	+221.2%
2022	-18.73%	-23.3%
2021	-15.19%	+65.7%
2020	-44.25%	-259.1%
2019	27.82%	-2.2%
2018	28.46%	+3.7%
2017	27.44%	+15.9%
2016	23.68%	-5.7%
2015	25.10%	-11.4%
2014	28.33%	+12.1%
2013	25.27%	+8.1%

Year	Value	Change
2012	23.37%	-8.4%
2011	25.50%	+41.5%
2010	18.02%	+447.7%
2009	3.29%	-30.9%
2008	4.76%	-57.6%
2007	11.22%	-56.5%
2006	25.78%	-8.6%
2005	28.20%	+45.1%
2004	19.43%	-21.6%
2003	24.79%	-3.4%
2002	25.66%	+15.7%
2001	22.18%	-5.8%
2000	23.54%	-

FAQ

What is the current annual operating margin of LVS?: As of today, LVS annual operating margin is 23.73%
What is 1-year change in LVS annual operating margin?: LVS annual operating margin is up +8.70% year-over-year
What is 3-year change in LVS annual operating margin?: LVS annual operating margin is up +226.70% over the past 3 years
How far is LVS annual operating margin from its all-time high?: LVS annual operating margin is currently -16.62% below its historical high of 28.46% set on December 31, 2018
How does LVS annual operating margin rank versus sector peers?: LVS annual operating margin is higher than 95.72% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

19.50%0.32%-1.61%

September 30, 2026

Summary

Current Value: As of today, LVS quarterly operating margin is 19.50%, down -1.61% on September 30, 2026
Historical Performance: LVS quarterly operating margin is down -18.20% year-over-year, down -21.59% over the past 3 years
All-Time High Comparison: LVS quarterly operating margin is currently -43.33% below its historical high of 34.41% set on March 31, 2004
3-Year Low Comparison: LVS quarterly operating margin is +0.78% above its 3-year low of 19.35% reached on September 30, 2024
Sector Comparison: LVS quarterly operating margin is higher than 87.40% of companies in Consumer Cyclical sector

Performance

LVS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	19.50%	-1.6%	-18.2%	-21.6%	+154.6%
Annual Operating Margin	Dec 31, 25	23.73%	–	+8.7%	+226.7%	+153.6%
Price	Nov 9, 26	$40.18	-12.2%	-38.4%	-16.1%	-2.2%
PE Ratio	Nov 9, 26	16.53	-7.3%	-43.8%	-69.6%	–
Quarterly Revenue	Sep 30, 26	$3.22B	+2.0%	-3.5%	+15.1%	+275.3%
Quarterly Operating Profit	Sep 30, 26	$627.00M	+0.3%	-21.0%	-9.8%	+304.9%
Quarterly Gross Margin	Sep 30, 26	34.39%	-2.2%	-9.8%	-11.1%	+2586.7%
Quarterly Net Margin	Sep 30, 26	10.95%	-7.4%	-25.7%	-31.8%	+115.8%

Quarterly Operating Margin Highs

LVS Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	25.55%	Mar 31, 26	-23.7%
3Y	25.55%	Mar 31, 26	-23.7%
5Y	25.55%	Mar 31, 26	-23.7%
All	34.41%	Mar 31, 04	-43.3%

Quarterly Operating Margin Lows

LVS Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	19.50%	Sep 30, 26	at low
3Y	19.35%	Sep 30, 24	+0.8%
5Y	-35.71%	N/A	+154.6%
All	-1,208.06%	Jun 30, 20	+101.6%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	19.50%	-1.6%
Jun 2026	19.82%	-22.4%
Mar 2026	25.55%	+6.5%
Dec 2025	23.98%	+0.6%
Sep 2025	23.84%	-5.4%
Jun 2025	25.20%	+16.3%
Mar 2025	21.66%	+4.0%
Dec 2024	20.82%	+7.6%
Sep 2024	19.35%	-12.4%
Jun 2024	22.09%	-11.0%
Mar 2024	24.81%	+0.9%
Dec 2023	24.60%	-1.1%
Sep 2023	24.87%	+15.1%
Jun 2023	21.60%	+16.3%
Mar 2023	18.58%	+227.3%
Dec 2022	-14.59%	+14.2%
Sep 2022	-17.01%	-23.4%
Jun 2022	-13.78%	+55.5%
Mar 2022	-30.97%	-149.8%
Dec 2021	-12.40%	+65.3%
Sep 2021	-35.71%	-237.8%
Jun 2021	-10.57%	-43.6%
Mar 2021	-7.36%	+27.5%
Dec 2020	-10.15%	+90.2%
Sep 2020	-103.81%	+91.4%
Jun 2020	-1,208.06%	>-9,900.0%
Mar 2020	0.99%	-96.6%
Dec 2019	28.98%	+2.5%
Sep 2019	28.28%	+4.3%
Jun 2019	27.11%	+0.7%
Mar 2019	26.93%	+2.7%
Dec 2018	26.22%	-4.7%
Sep 2018	27.52%	+0.5%
Jun 2018	27.37%	-15.8%
Mar 2018	32.52%	+7.9%
Dec 2017	30.14%	+8.7%
Sep 2017	27.74%	+4.7%
Jun 2017	26.50%	+5.7%
Mar 2017	25.07%	+4.9%
Dec 2016	23.90%	-12.5%
Sep 2016	27.32%	+28.7%
Jun 2016	21.22%	-2.9%
Mar 2016	21.85%	-15.5%
Dec 2015	25.85%	-0.2%
Sep 2015	25.90%	+7.7%
Jun 2015	24.05%	-1.6%

Month	Value	Change
Mar 2015	24.44%	-18.5%
Dec 2014	29.99%	+9.0%
Sep 2014	27.52%	+3.3%
Jun 2014	26.63%	-6.7%
Mar 2014	28.53%	+17.5%
Dec 2013	24.29%	-10.2%
Sep 2013	27.04%	+11.6%
Jun 2013	24.22%	-3.5%
Mar 2013	25.09%	+14.7%
Dec 2012	21.87%	+10.9%
Sep 2012	19.72%	+2.0%
Jun 2012	19.33%	-28.9%
Mar 2012	27.18%	+4.1%
Dec 2011	26.12%	-0.6%
Sep 2011	26.29%	+0.2%
Jun 2011	26.25%	+14.0%
Mar 2011	23.03%	-4.6%
Dec 2010	24.15%	+14.7%
Sep 2010	21.05%	+64.2%
Jun 2010	12.82%	+20.3%
Mar 2010	10.66%	+104.6%
Dec 2009	5.21%	-4.2%
Sep 2009	5.44%	+470.1%
Jun 2009	-1.47%	-143.6%
Mar 2009	3.37%	+862.9%
Dec 2008	0.35%	-86.3%
Sep 2008	2.55%	-62.3%
Jun 2008	6.76%	-28.2%
Mar 2008	9.42%	-26.4%
Dec 2007	12.80%	+512.9%
Sep 2007	-3.10%	-122.0%
Jun 2007	14.08%	-32.6%
Mar 2007	20.88%	-20.5%
Dec 2006	26.25%	+8.5%
Sep 2006	24.20%	-0.6%
Jun 2006	24.35%	-13.3%
Mar 2006	28.07%	-0.6%
Dec 2005	28.24%	+13.4%
Sep 2005	24.91%	-12.8%
Jun 2005	28.58%	-8.8%
Mar 2005	31.33%	+23.4%
Dec 2004	25.39%	+601.8%
Sep 2004	-5.06%	-135.3%
Jun 2004	14.34%	-58.3%
Mar 2004	34.41%	-

FAQ

What is the current quarterly operating margin of LVS?: As of today, LVS quarterly operating margin is 19.50%
What is LVS quarterly operating margin most recent change?: LVS quarterly operating margin was down -1.61% on September 30, 2026
What is 1-year change in LVS quarterly operating margin?: LVS quarterly operating margin is down -18.20% year-over-year
How far is LVS quarterly operating margin from its all-time high?: LVS quarterly operating margin is currently -43.33% below its historical high of 34.41% set on March 31, 2004
How does LVS quarterly operating margin rank versus sector peers?: LVS quarterly operating margin is higher than 87.40% of companies in Consumer Cyclical sector
When is LVS next earnings release?: The next earnings release for LVS is on January 27, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

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