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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Las Vegasnds's retained earnings for the quarter that ended in Mar. 2026 was €4,111 Mil.
Las Vegasnds's quarterly retained earnings
increased
from Sep. 2025 (€3,545 Mil) to Dec. 2025 (€3,746 Mil) and
increased
from Dec. 2025 (€3,746 Mil) to Mar. 2026 (€4,111 Mil).
Las Vegasnds's annual retained earnings
increased
from Dec. 2023 (€2,384 Mil) to Dec. 2024 (€3,300 Mil) and
increased
from Dec. 2024 (€3,300 Mil) to Dec. 2025 (€3,746 Mil).
Las Vegasnds (FRA:LCR) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Las Vegasnds Retained Earnings Historical Data
* Premium members only.
The historical data trend for Las Vegasnds's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Las Vegasnds (FRA:LCR) has a Retained Earnings of €4,111 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Las Vegasnds and its competitors.
Is Las Vegasnds' Retained Earnings too high?
Las Vegasnds' current Retained Earnings is €4,111 Mil. Overall, Las Vegasnds has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' Retained Earnings compare to MGM and WYNN?
Las Vegasnds' Retained Earnings of €4,111 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Travel & Leisure company?
A good Retained Earnings depends on the Travel & Leisure industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Las Vegasnds and its competitors. Las Vegasnds's current Retained Earnings is €4,111 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Las Vegasnds stock overvalued right now?
Based on GuruFocus' analysis, Las Vegasnds (FRA:LCR) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.82, compared to a current price of €39.37 — trading 34.2% below its estimated fair value. The current Retained Earnings is €4,111 Mil. Las Vegasnds' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Las Vegasnds (FRA:LCR), the current Retained Earnings is €4,111 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Las Vegasnds (FRA:LCR) Overvalued in 2026?
Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued.
The current stock price of €39.37 is trading 34.2% below its estimated GF Value™ of €59.82.
GuruFocus considers Las Vegasnds to be Significantly Undervalued.
Key valuation signals for FRA:LCR:
Retained Earnings: €4,111 Mil
GF Value™: €59.82 vs. price of €39.37 (34.2% below fair value)
No single metric tells the full story. See the FRA:LCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, Sands generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
78GF Score
Get the complete analysis for FRA:LCR
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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