Direct Answer
Las Vegas Sands reports revenue across 5 product and service lines in its fiscal 2025 Form 10-K. Casino is the largest, with $9.8 billion of revenue (75% of the total), followed by Occupancy at $1.4 billion (11%).
How Does Las Vegas Sands Make Money?
Casino supplies 75% of revenue, so Las Vegas Sands's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Casino grew fastest (+17.9%) and Product and Service Other slowest (+0.6%), so the revenue mix tilts toward Casino while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Casino | $9.8 billion | $8.3 billion | 75.2% | 17.9% |
| Occupancy | $1.4 billion | $1.3 billion | 10.9% | 11.6% |
| Mall | $801 million | $755 million | 6.2% | 6.1% |
| Food and Beverage | $644 million | $607 million | 4.9% | 6.1% |
| Product and Service Other | $361 million | $359 million | 2.8% | 0.6% |
What the Segment Figures Do Not Show
The rows above add up to 100% of Las Vegas Sands's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Las Vegas Sands reported in the segment note and revenue disclosures of its Form 10-K filed February 6, 2026 (accession 0001300514-26-000013), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Las Vegas Sands's main products and services?
In its fiscal 2025 Form 10-K, Las Vegas Sands reports revenue for Casino, Occupancy, Mall, Food and Beverage and Product and Service Other.
Which part of Las Vegas Sands brings in the most revenue?
Casino, with $9.8 billion of revenue in fiscal 2025, or 75% of the total.
Where does Las Vegas Sands report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 6, 2026, alongside management's discussion of each segment's results.