Las Vegas Sands (LVS) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Las Vegas Sands published the results on October 21, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Las Vegas Sands reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Net income and EPS here are attributable to Las Vegas Sands shareholders. Las Vegas Sands owned 75.56% of Sands China Ltd. at September 30, 2026, so its headline consolidated net income of $352 million includes $48 million attributable to noncontrolling interests.
• Las Vegas Sands' adjusted EPS excludes pre-opening and development expense, gains or losses on disposal or impairment of assets, other income or expense and debt-retirement gains or losses, net of tax.

Source: Las Vegas Sands Q3 2026 results (Form 8-K, Exhibit 99.1), October 21, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Las Vegas Sands splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Las Vegas Sands's Macao Operations revenue was $1.9 billion in Q3 2026, up 2% from $1.9 billion in Q3 2025, 60% of total revenue.
• Las Vegas Sands's Marina Bay Sands revenue was $1.3 billion in Q3 2026, down 10% from $1.4 billion in Q3 2025, 40% of total revenue.
• Las Vegas Sands's Intercompany Royalties revenue was $74.0 million in Q3 2026, down 7% from $80.0 million in Q3 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenues and diluted EPS attributable to Las Vegas Sands, each as first reported in that quarter's release.

Las Vegas Sands's next report is expected around January 27, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 21, 2026

Las Vegas Sands earns all of its revenue from integrated resorts in Macao and Singapore. Of $3,216 million in Q3 2026 net revenues, Macao Operations brought in $1,940 million and Marina Bay Sands in Singapore $1,294 million. By type, casino revenue was $2,370 million, rooms $376 million, mall $202 million and food and beverage $176 million. (Las Vegas Sands Q3 2026 release, Oct 21, 2026)

Las Vegas Sands said consolidated net revenues fell because of a $142 million decrease at Marina Bay Sands, partly offset by a $27 million increase in Macao. Casino revenue at Marina Bay Sands fell $161 million: lower win percentages cut Non-Rolling Chip win despite higher volume, and lower volume and win percentages cut Rolling Chip win. Its Non-Rolling Chip win percentage was 18.7%, against 24.5% a year earlier, and Rolling Chip volume fell to $8,429 million from $9,069 million. (Las Vegas Sands Form 10-Q, Q3 2026, Oct 23, 2026; Las Vegas Sands Q3 2026 release, Oct 21, 2026)

In Macao, Las Vegas Sands said casino revenue rose on higher table game and slot volumes, partly offset by lower Non-Rolling Chip win percentages. Sands Macao grew to $99 million from $72 million and The Plaza Macao and Four Seasons Macao to $238 million from $206 million, while The Venetian Macao fell to $649 million from $692 million. Rolling Chip volume at The Londoner Macao was $3,216 million, up from $2,312 million. (Las Vegas Sands Form 10-Q, Q3 2026, Oct 23, 2026; Las Vegas Sands Q3 2026 release, Oct 21, 2026)

Las Vegas Sands estimates that Rolling Chip win at its expected rate would have lowered Macao net revenues by $19 million and raised Marina Bay Sands net revenues by $6 million in the quarter. A year earlier the same adjustment would have lowered Marina Bay Sands revenue by $57 million. (Las Vegas Sands Q3 2026 release, Oct 21, 2026)

Las Vegas Sands holds one of only six gaming concessions in Macao, which runs through December 31, 2032, and one of two casino licenses in Singapore, with an exclusive period ending December 31, 2030. Its MBS Expansion Project in Singapore, a hotel tower and an arena of about 15,000 seats, has an estimated total cost of about $8.0 billion and an anticipated opening in January 2031. (Las Vegas Sands Form 10-K, 2025, Feb 6, 2026; Las Vegas Sands Form 10-Q, Q3 2026, Oct 23, 2026)

Las Vegas Sands reported GAAP diluted EPS of $0.48 and adjusted EPS of $0.54 in Q3 2026, against $0.61 and $0.78 a year earlier. The adjusted figure excludes pre-opening and development expense, gains or losses on disposal or impairment of assets and other income or expense, net of tax. Development expense alone was $37 million, or $0.05 a share. (Las Vegas Sands Q3 2026 release, Oct 21, 2026)

The year-ago quarter carried a $68 million loss on disposal or impairment of assets, which Las Vegas Sands' 10-Q ties largely to a $60 million impairment after it decided to stop pursuing certain digital gaming activities and a casino license in New York. (Las Vegas Sands Q3 2026 release, Oct 21, 2026; Las Vegas Sands Form 10-Q, Q3 2026, Oct 23, 2026)

Las Vegas Sands' share count fell to 640 million diluted shares from 685 million. It repurchased $950 million of stock in the quarter, about 21 million shares at a weighted average price of $45.31, and since late 2023 has bought back 19.0% of its outstanding shares. Its effective tax rate rose to 22.5% from 15.6%, driven mainly by the 17% statutory rate on its Singapore operations. (Las Vegas Sands Q3 2026 release, Oct 21, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Las Vegas Sands does not publish a revenue or earnings outlook in its quarterly release. The forward-looking items it does state are a 20% increase in its recurring dividend for calendar 2027, to $1.44 a share a year ($0.36 a quarter), and about 500 rooms at The Venetian Macao out of service on average through the fourth quarter of 2027 for renovations. (Las Vegas Sands Q3 2026 release, Oct 21, 2026)

Las Vegas Sands had $5.06 billion left under its share repurchase authorization at September 30, 2026, and $4.57 billion available under a delayed draw term loan that may be used for the MBS Expansion Project. (Las Vegas Sands Q3 2026 release, Oct 21, 2026)

A consensus figure is the average of the models published by the analysts who cover Las Vegas Sands, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Las Vegas Sands's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LVS is on is LVS a buy or a sell?, what analysts expect next is on the LVS forecast, and what the company does is on the Las Vegas Sands (LVS) stock page.

Every number on this page can be traced to a document Las Vegas Sands published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.