• Las Vegas Sands average operating margin for 2024 was 22.72%, a 100.35% decline from 2023.
• Las Vegas Sands average operating margin for 2023 was 11.34%, a 153.82% increase from 2022.
• Las Vegas Sands average operating margin for 2022 was -21.07%, a 23.35% decline from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.