LVS: Macau and Singapore recovery still have to clear the cash-return test

Las Vegas Sands reported FY2025 revenue of $13.0 billion and Q1 2026 revenue of $3.6 billion. The thesis depends on Macau and Singapore demand, reinvestment, margins, capex and cash returns.

ClaimFilingCashCustomerConviction

Slide mode Article mode

Las Vegas Sands reported FY2025 revenue of $13.0 billion and Q1 2026 revenue of $3.6 billion. The thesis depends on Macau and Singapore demand, reinvestment, margins, capex and cash returns.

References

Sources used in this report

SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-20 · Issuer identity, exchange, ticker and CIK.SEC APISEC submissions APIRetrieved 2026-05-20 · Filing chronology and accession records.SEC XBRL APISEC companyfacts APIRetrieved 2026-05-20 · Financial statement cross-checks.Annual reportAnnual report2026-02-06 · Business, risk and annual financial disclosure.Quarterly reportLatest Form 10-Q2026-04-24 · Latest interim financials.Current reportLatest Form 8-K2026-05-18 · Latest current-report context.Proxy statementProxy statement2026-04-01 · Governance and incentives.