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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.15B | $3.59B | $3.65B | $3.33B | $3.18B | $2.86B | $2.90B | $2.68B |
| Cost of revenue | $1.67B | $1.84B | $1.88B | $1.67B | $1.54B | $1.45B | $1.48B | $1.41B |
| Gross profit | $1.48B | $1.75B | $1.77B | $1.66B | $1.64B | $1.42B | $1.41B | $1.27B |
| Gross margin | 46.9% | 48.8% | 48.5% | 49.8% | 51.6% | 49.5% | 48.8% | 47.3% |
| Research and development | $43.00M | $41.00M | $59.00M | $72.00M | $69.00M | $69.00M | $59.00M | $55.00M |
| Selling, general and administrative | $405.00M | $385.00M | $405.00M | $386.00M | $361.00M | $346.00M | $378.00M | $361.00M |
| Operating expenses | $862.00M | $837.00M | $897.00M | $872.00M | $854.00M | $801.00M | $813.00M | $754.00M |
| Operating income | $618.00M | $912.00M | $871.00M | $787.00M | $783.00M | $616.00M | $599.00M | $515.00M |
| Operating margin | 19.6% | 25.4% | 23.9% | 23.6% | 24.7% | 21.5% | 20.7% | 19.2% |
| EBITDA | $991.00M | $1.29B | $1.18B | $1.18B | $1.18B | $993.00M | $902.00M | $854.00M |
| Interest income | $31.00M | $35.00M | $38.00M | $39.00M | $42.00M | $42.00M | $57.00M | $67.00M |
| Interest expense | −$189.00M | −$188.00M | −$191.00M | −$187.00M | −$194.00M | −$174.00M | −$180.00M | −$179.00M |
| Income before taxes | $461.00M | $748.00M | $551.00M | $582.00M | $609.00M | $471.00M | $461.00M | $403.00M |
| Income taxes | $88.00M | $107.00M | $103.00M | $91.00M | $90.00M | $63.00M | $69.00M | $50.00M |
| Net income | $373.00M | $641.00M | $448.00M | $491.00M | $519.00M | $408.00M | $392.00M | $353.00M |
| Net margin | 11.8% | 17.9% | 12.3% | 14.7% | 16.3% | 14.3% | 13.5% | 13.2% |
| EPS, basic | $0.53 | $0.85 | $0.59 | $0.61 | $0.66 | $0.49 | $0.45 | $0.38 |
| EPS, diluted | $0.53 | $0.85 | $0.58 | $0.61 | $0.66 | $0.49 | $0.45 | $0.38 |
| Diluted shares | 656.00M | 671.00M | 678.00M | 685.00M | 696.00M | 713.00M | 724.00M | 731.00M |
Figures describe Las Vegas Sands shares, not any token. As of Jul 24, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.