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Equity

Las Vegas Sands Corp. (LVS) perpetual futures

Las Vegas Sands Corp. develops and operates integrated resort properties in Macao, Singapore, and Las Vegas, offering hotels, gaming, entertainment, retail, and convention spaces.

$43.85+0.1%NYSE closed
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venue perp mark · Helix (Injective) (LVS/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$24.8K
Open interest
$0
Best liquidity
-
Tightest spread
-
Highest volume
$24.8K
Helix (Injective)
Settlement mix
USDC · 1/1
Perp/spot vol.
0.00x
Spot volume $209.2M
OI / float
0.00%
Float $12.8B
Spot performance
1D+0.07%
5D-2.58%
1M-10.33%
6M-22.21%
YTD-32.65%
1Y-23.10%

Venue matrix

1 markets

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Trade
Helix (Injective)TradeLVS/USDCTrading$43.85+3.6% APR
+0.00042% every 1h
--$24.8K-USDC12x

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Tradability

Execution quality

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

LVS

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$28.4B
Updated 1h ago
Revenue
$13.7B
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
+12.8%
P/E
17.0
Peer P/E 21.7
Free cash flow
$2.8B
Trailing 12 months
More metrics
Net income
$1.8B
Trailing 12 months
P/S
2.1
Peer P/E
21.7
Similar listed perps
Revenue estimate
$13.8B
Next fiscal year
Earnings
2026-10-21
Revenue est. $3.4B · Updated 1h ago
Dividend
$0.3
2026-08-04

Fundamental detail

Annual + quarterly
Latest revenue$13B
Net margin+12.5%
Free cash flow$1.8B
Net debt$12.3B
2020$2.9B
2021$4.2B
2022$4.1B
2023$10.4B
2024$11.3B
2025$13B
PeriodRevenueGrowthNet incomeFCF
2020$2.9B-76%-$1.7B-$2.5B
2021$4.2B+44%-$961M-$824M
2022$4.1B-3%$1.8B-$1.6B
2023$10.4B+152%$1.2B$2B
2024$11.3B+9%$1.4B$1.6B
2025$13B+15%$1.6B$1.8B
PeriodGross marginOperating marginNet marginROEROA
2020+27.9%-47.4%-57.3%-56.7%-8.1%
2021+38.0%-16.3%-22.7%-48.1%-4.8%
2022+40.1%-18.7%+44.6%+47.2%+8.3%
2023+49.8%+22.7%+11.8%+29.7%+5.6%
2024+48.9%+21.8%+12.8%+50.1%+7.0%
2025+49.8%+23.7%+12.5%+102.3%+7.4%
PeriodCashDebtNet debtCurrent ratio
2020$2.1B$14B$11.9B2.03
2021$1.9B$14.8B$12.9B2.15
2022$6.3B$16B$9.7B1.73
2023$5.1B$14B$8.9B1.31
2024$3.7B$13.8B$10.1B0.74
2025$3.8B$16.1B$12.3B1.14
PeriodMarket capEnterprise valueP/SP/E
2020$45.5B$57.5B15.5-31.5
2021$28.8B$41.7B6.8-29.9
2022$36.7B$46.4B8.920.0
2023$37.5B$46.5B3.630.8
2024$37.7B$47.9B3.326.1
2025$45B$57.3B3.527.7
Q3 2024$2.7B
Q4 2024$2.9B
Q1 2025$2.9B
Q2 2025$3.2B
Q3 2025$3.3B
Q4 2025$3.6B
Q1 2026$3.6B
Q2 2026$3.2B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$2.7B-4%$275M$222M
Q4 2024$2.9B-1%$324M$368M
Q1 2025$2.9B-3%$352M$147M
Q2 2025$3.2B+15%$461M-$108M
Q3 2025$3.3B+24%$419M$961M
Q4 2025$3.6B+26%$395M$930M
Q1 2026$3.6B+25%$567M$537M
Q2 2026$3.2B-1%$373M$360M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+47.3%+18.8%+10.3%+8.0%+1.3%
Q4 2024+48.8%+20.8%+11.2%+11.2%+1.6%
Q1 2025+49.5%+21.7%+12.3%+13.0%+1.7%
Q2 2025+51.6%+25.2%+14.5%+23.2%+2.1%
Q3 2025+49.8%+23.8%+12.6%+26.7%+1.9%
Q4 2025+48.5%+24.0%+10.8%+24.8%+1.8%
Q1 2026+48.8%+25.6%+15.8%+47.3%+2.7%
Q2 2026+57.2%+19.6%+11.8%+64.2%+1.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$4.2B$14B$9.8B0.90
Q4 2024$3.7B$13.8B$10.1B0.74
Q1 2025$3B$13.9B$10.8B0.59
Q2 2025$3.5B$15.8B$12.4B1.22
Q3 2025$3.5B$15.8B$12.3B0.89
Q4 2025$3.8B$16.1B$12.3B1.14
Q1 2026$3.3B$15.7B$12.4B0.95
Q2 2026$3.4B$15.3B$11.9B1.00
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$36.7B$46.6B13.733.1
Q4 2024$37.7B$47.9B13.028.5
Q1 2025$27.5B$38.3B9.619.7
Q2 2025$30.2B$42.6B9.516.5
Q3 2025$36.7B$49B11.022.0
Q4 2025$43.9B$56.2B12.027.6
Q1 2026$36B$48.4B10.115.8
Q2 2026$30.5B$42.4B9.721.8
Historical value series
Revenue
Q3 2023: $2.8BQ4 2023: $2.9BQ1 2024: $3BQ2 2024: $2.8BQ3 2024: $2.7BQ4 2024: $2.9BQ1 2025: $2.9BQ2 2025: $3.2BQ3 2025: $3.3BQ4 2025: $3.6BQ1 2026: $3.6BQ2 2026: $3.2BQ3 2023Q2 2026
Net income
Q3 2023: $380MQ4 2023: $382MQ1 2024: $494MQ2 2024: $353MQ3 2024: $275MQ4 2024: $324MQ1 2025: $352MQ2 2025: $461MQ3 2025: $419MQ4 2025: $395MQ1 2026: $567MQ2 2026: $373MQ3 2023Q2 2026
EBITDA
Q3 2023: $1.1BQ4 2023: $1.1BQ1 2024: $1.1BQ2 2024: $1BQ3 2024: $921MQ4 2024: $1BQ1 2025: $1BQ2 2025: $1.2BQ3 2025: $1.2BQ4 2025: $1.1BQ1 2026: $1.3BQ2 2026: $1BQ3 2023Q2 2026
Free cash flow
Q3 2023: $512MQ4 2023: $681MQ1 2024: $518MQ2 2024: $525MQ3 2024: $222MQ4 2024: $368MQ1 2025: $147MQ2 2025: -$108MQ3 2025: $961MQ4 2025: $930MQ1 2026: $537MQ2 2026: $360MQ3 2023Q2 2026
EPS
Q3 2023: $0.5Q4 2023: $0.5Q1 2024: $0.66Q2 2024: $0.48Q3 2024: $0.38Q4 2024: $0.45Q1 2025: $0.49Q2 2025: $0.66Q3 2025: $0.61Q4 2025: $0.58Q1 2026: $0.85Q2 2026: $0.53Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $5.6BQ3 2023 · Debt: $14.4BQ4 2023 · Cash: $5.1BQ4 2023 · Debt: $14BQ1 2024 · Cash: $5BQ1 2024 · Debt: $14BQ2 2024 · Cash: $4.7BQ2 2024 · Debt: $13.7BQ3 2024 · Cash: $4.2BQ3 2024 · Debt: $14BQ4 2024 · Cash: $3.7BQ4 2024 · Debt: $13.8BQ1 2025 · Cash: $3BQ1 2025 · Debt: $13.9BQ2 2025 · Cash: $3.5BQ2 2025 · Debt: $15.8BQ3 2025 · Cash: $3.5BQ3 2025 · Debt: $15.8BQ4 2025 · Cash: $3.8BQ4 2025 · Debt: $16.1BQ1 2026 · Cash: $3.3BQ1 2026 · Debt: $15.7BQ2 2026 · Cash: $3.4BQ2 2026 · Debt: $15.3BQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: +50.4%Q4 2023 · Gross margin: +50.9%Q1 2024 · Gross margin: +50.6%Q2 2024 · Gross margin: +48.6%Q3 2024 · Gross margin: +47.3%Q4 2024 · Gross margin: +48.8%Q1 2025 · Gross margin: +49.5%Q2 2025 · Gross margin: +51.6%Q3 2025 · Gross margin: +49.8%Q4 2025 · Gross margin: +48.5%Q1 2026 · Gross margin: +48.8%Q2 2026 · Gross margin: +57.2%Q3 2023 · Operating margin: +24.6%Q4 2023 · Operating margin: +24.4%Q1 2024 · Operating margin: +24.2%Q2 2024 · Operating margin: +21.4%Q3 2024 · Operating margin: +18.8%Q4 2024 · Operating margin: +20.8%Q1 2025 · Operating margin: +21.7%Q2 2025 · Operating margin: +25.2%Q3 2025 · Operating margin: +23.8%Q4 2025 · Operating margin: +24.0%Q1 2026 · Operating margin: +25.6%Q2 2026 · Operating margin: +19.6%Q3 2023 · Net margin: +13.6%Q4 2023 · Net margin: +13.1%Q1 2024 · Net margin: +16.7%Q2 2024 · Net margin: +12.8%Q3 2024 · Net margin: +10.3%Q4 2024 · Net margin: +11.2%Q1 2025 · Net margin: +12.3%Q2 2025 · Net margin: +14.5%Q3 2025 · Net margin: +12.6%Q4 2025 · Net margin: +10.8%Q1 2026 · Net margin: +15.8%Q2 2026 · Net margin: +11.8%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q3 2024: -4.0%Q4 2024: -0.7%Q1 2025: -3.3%Q2 2025: +15.0%Q3 2025: +24.2%Q4 2025: +26.0%Q1 2026: +25.3%Q2 2026: -0.7%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 766MQ4 2023: 760MQ1 2024: 752MQ2 2024: 741MQ3 2024: 731MQ4 2024: 737MQ1 2025: 713MQ2 2025: 696MQ3 2025: 685MQ4 2025: 678MQ1 2026: 671MQ2 2026: 663MQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: 22.9Q4 2023 · P/E: 24.6Q1 2024 · P/E: 20.1Q2 2024 · P/E: 22.3Q3 2024 · P/E: 33.1Q4 2024 · P/E: 28.5Q1 2025 · P/E: 19.7Q2 2025 · P/E: 16.5Q3 2025 · P/E: 22.0Q4 2025 · P/E: 27.6Q1 2026 · P/E: 15.8Q2 2026 · P/E: 21.8Q3 2023 · P/S: 12.5Q4 2023 · P/S: 12.8Q1 2024 · P/S: 13.5Q2 2024 · P/S: 11.5Q3 2024 · P/S: 13.7Q4 2024 · P/S: 13.0Q1 2025 · P/S: 9.6Q2 2025 · P/S: 9.5Q3 2025 · P/S: 11.0Q4 2025 · P/S: 12.0Q1 2026 · P/S: 10.1Q2 2026 · P/S: 9.7Q3 2023Q2 2026
P/EP/S
Revenue
2018: $13.7B2019: $12.1B2020: $2.9B2021: $4.2B2022: $4.1B2023: $10.4B2024: $11.3B2025: $13B20182025
Net income
2018: $2.4B2019: $2.7B2020: -$1.7B2021: -$961M2022: $1.8B2023: $1.2B2024: $1.4B2025: $1.6B20182025
EBITDA
2018: $4.9B2019: $5.1B2020: -$301M2021: $244M2022: $406M2023: $3.9B2024: $4.1B2025: $4.5B20182025
Free cash flow
2018: $3.8B2019: $2B2020: -$2.5B2021: -$824M2022: -$1.6B2023: $2B2024: $1.6B2025: $1.8B20182025
EPS
2018: $3.072019: $3.52020: -$1.892021: -$1.262022: $2.42023: $1.62024: $1.962025: $2.3520182025
Cash / Debt
2018 · Cash: $4.6B2018 · Debt: $12B2019 · Cash: $4.2B2019 · Debt: $12.5B2020 · Cash: $2.1B2020 · Debt: $14B2021 · Cash: $1.9B2021 · Debt: $14.8B2022 · Cash: $6.3B2022 · Debt: $16B2023 · Cash: $5.1B2023 · Debt: $14B2024 · Cash: $3.7B2024 · Debt: $13.8B2025 · Cash: $3.8B2025 · Debt: $16.1B20182025
CashDebt
Profitability
2018 · Gross margin: +49.2%2019 · Gross margin: +49.7%2020 · Gross margin: +27.9%2021 · Gross margin: +38.0%2022 · Gross margin: +40.1%2023 · Gross margin: +49.8%2024 · Gross margin: +48.9%2025 · Gross margin: +49.8%2018 · Operating margin: +27.3%2019 · Operating margin: +27.7%2020 · Operating margin: -47.4%2021 · Operating margin: -16.3%2022 · Operating margin: -18.7%2023 · Operating margin: +22.7%2024 · Operating margin: +21.8%2025 · Operating margin: +23.7%2018 · Net margin: +17.6%2019 · Net margin: +22.2%2020 · Net margin: -57.3%2021 · Net margin: -22.7%2022 · Net margin: +44.6%2023 · Net margin: +11.8%2024 · Net margin: +12.8%2025 · Net margin: +12.5%20182025
Gross marginOperating marginNet margin
Revenue growth
2019: -11.7%2020: -75.8%2021: +44.0%2022: -2.9%2023: +152.4%2024: +8.9%2025: +15.2%20182025
Shares outstanding
2018: 786M2019: 771M2020: 764M2021: 764M2022: 764M2023: 765M2024: 737M2025: 693M20182025
Valuation
2018 · P/E: 17.02019 · P/E: 19.72020 · P/E: -31.52021 · P/E: -29.92022 · P/E: 20.02023 · P/E: 30.82024 · P/E: 26.12025 · P/E: 27.72018 · P/S: 3.02019 · P/S: 4.42020 · P/S: 15.52021 · P/S: 6.82022 · P/S: 8.92023 · P/S: 3.62024 · P/S: 3.32025 · P/S: 3.520182025
P/EP/S

Refreshed 1h ago

Next catalyst

Catalysts

Earnings
2026-10-21
Revenue est. $3.4B · Updated 1h ago
Dividend
$0.3
2026-08-04

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20263.11$13.8B+6%10
FY 20273.52$14.5B+12%11
FY 20283.72$15.1B+16%4
Q1 20270.94$3.7B+4%8
Q2 20270.77$3.5B+10%8
Q3 20270.83$3.5B+6%8

Company events

6
2026-10-21EarningsActual - / Estimate 0.77-
2026-08-04Dividend$0.3-
2026-07-22EarningsActual 0.59 / Estimate 0.76Miss
2026-05-05Dividend$0.3-
2026-04-22EarningsActual 0.91 / Estimate 0.76Beat
2026-02-09Dividend$0.3-

Peer comparison

Similar listed perps

Frequently asked questions

Where can I trade LVS perpetual futures?

Las Vegas Sands Corp. (LVS) perpetual futures trade on 1 crypto venues, including Helix (Injective). PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade LVS around the clock?

Yes. Unlike the underlying stock, LVS perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on LVS perpetuals?

Each venue sets its own LVS funding rate and it changes continuously. PerpEquities shows the live rate, annualized rate and history for every venue side by side.

What is a LVS perpetual future?

A LVS perpetual is a derivative that tracks the price of Las Vegas Sands Corp. with no expiry date. It lets you take long or short exposure to Las Vegas Sands Corp. on crypto venues, around the clock.