Las Vegas Sands reported its financial results for the quarter ended September 30, 2026, highlighting strategic execution across its integrated resort properties in Singapore and Macao alongside robust capital returns to shareholders.
For Q3 of 2026, net revenue reached three billion twenty-two million dollars, compared to three billion three hundred thirty million dollars in the prior year quarter. Operating income stood at six hundred eighteen million dollars, while net income for the quarter was three hundred fifty-two million dollars, compared to four hundred ninety-one million dollars in the third quarter of 2025. Consolidated adjusted property EBITDA totaled one billion one hundred twenty million dollars.
Patrick Dumont, chairman and chief executive officer of Las Vegas Sands, commented:
“We continued to execute our strategic objectives during the quarter in both Singapore and Macao while increasing the return of capital to shareholders, including through the repurchase of $950 million of our common stock during the quarter.”
Resort performance in Singapore and Macao
At Marina Bay Sands in Singapore, the property delivered solid financial performance. Leadership expressed ongoing enthusiasm for growth prospects in Singapore, particularly upon the completion of the ongoing expansion project. The development will meaningfully increase suite capacity and entertainment offerings, featuring a new arena designed to serve as a premier entertainment venue in the region.
In Macao, ongoing investments in enhanced service and hospitality offerings contributed to growth in volumes across all gaming segments compared to the previous year. Sands China Ltd. (SCL) reported total net revenues increasing 1.4% on a GAAP basis to one billion nine hundred thirty million dollars. Net income for SCL was one hundred ninety-one million dollars. During the quarter, the company purchased sixty-two million shares of SCL common stock for seven hundred ninety-three million Hong Kong dollars (approximately one hundred one million dollars), increasing its ownership percentage of SCL to 75.56% as of September 30, 2026.
Capital returns and shareholder dividends
Las Vegas Sands continued an active capital return program during the third quarter. The company repurchased nine hundred fifty million dollars of common stock, representing approximately twenty-one million shares at a weighted average price of forty-five dollars thirty-one cents. As of September 30, 2026, the remaining authorized amount under the share repurchase program stood at five billion sixty million dollars.
Furthermore, the Board of Directors announced a twenty percent increase in the recurring common stock dividend for the 2027 calendar year, elevating the annual dividend to one dollar forty-four cents per share, payable at thirty-six cents per share per quarter.
Balance sheet strength and capital expenditures
Unrestricted cash balances stood at two billion eight hundred sixty million dollars as of September 30, 2026. Total debt outstanding, net of deferred offering costs and original issue discounts and excluding finance leases, was fifteen billion three hundred million dollars. Capital expenditures during the third quarter totaled two hundred eighty-one million dollars, encompassing one hundred fifty-four million dollars in Macao, one hundred twenty-one million dollars at Marina Bay Sands, and six million dollars in corporate and other activities.
