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Stocks / United States / LYV · Services-Amusement & Recreation Services · NYSE

Live Nation Entertainment, Inc. (LYV)

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Live Nation Entertainment, Inc. (LYV) reported revenue of $7.7 billion for Q2 FY2026, the quarter ended 30 June 2026, up 9.4% on the same quarter a year earlier. Net income was $294 million, up 21.0% on the year, and diluted earnings per share $1.05. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$7.7 billionup 9.4%
Net income$294 millionup 21.0%
Diluted EPS$1.05
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE163.6%
ROCE8.6%
Operating margin3.0%
Net margin0.5%
FCF margin5.3%
Interest cover2.28
Debt to equity111.76
Cash conversion19.37
Share count, 1 year0.5%
Sales CAGR, 3 years14.7%
Profit CAGR, 3 years23.0%
EPS, TTM-$1.13

At the close of 21 September 2026

Price$169.18
Market cap$39.9 billion
Stock P/En/a
Price to book484.20
EV / EBITDA26.85
Dividend yieldn/a
Market cap / sales1.52
52-week high$188.46
52-week low$125.61
Price, 1 year3.3%
Price CAGR, 3 years28.5%
Price CAGR, 5 years13.9%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the total debt Live Nation Entertainment, Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on LYV

Filings15 in twelve months: 8 current reports (8-K), about 4 results of operations; 3 material agreement; 3 new financial obligation; 1 shareholder vote; 1 unregistered sale of equity
Planned insider sales5 Form 144 notices in twelve months, $27.0 million; latest 24 August 2026
Options tapeput/call 1.14 by open interest on 23 September 2026; the straddle prices a 2.5% move to 25 September 2026
Holders11 of the followed funds hold it; largest FMR LLC; 7 Schedule 13D or 13G filings in twelve months
Insider trading13 sales and 0 purchases on Form 4 in twelve months
Congress8 House trades disclosed in six months
Short interest24.1 million shares short, 15.05 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8,1525,8393,8006,0237,6515,6823,3827,0078,4996,3143,7937,667
SG&A9741,0249829261,0051,1837791,0031,0081,3019621,135
Operating income619-81.5-36.5466640-244115487792-143-371522
Operating margin8%-1%-1%8%8%-4%3%7%9%-2%-10%7%
Interest expense86.292.880.780.088.077.480.372.080.383.490.597.2
Pre-tax income597-1433.2456586-30666.0420730-186-412519
Tax rate9%n/a1108%18%12%n/a30%28%35%n/an/a22%
Net income483-211-46.729845219323.2243431-202-389294
Net margin6%-4%-1%5%6%3%1%3%5%-3%-10%4%
Diluted EPS$1.78-$1.18-$0.53$1.03$1.66$0.58-$0.32$0.41$0.73-$1.06-$1.85$1.05
Operating cash flow-884608989412-7211,0451,321223-95.7-53.72,339419
Capital expenditure102134134200158155171263276352309290
Free cash flow-987475855212-8798901,150-39.9-371-4062,030130
Shares outstanding230m233m231m232m232m234m234m234m235m235m236m236m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022 FY2023 FY2024 FY2025TTM
Revenue6,8677,2467,8269,68710,78811,5481,8616,26816,68122,74923,15625,20126,273
Selling, general and administrative1,3371,4121,5481,9081,9972,1451,5241,7552,9563,5174,0444,0924,406
Operating income7.213119591.4273325-1,653-4187221,0858251,251801
Operating margin0.1%1.8%2.5%0.9%2.5%2.8%-88.8%-6.7%4.3%4.8%3.6%5.0%3.0%
Interest expense106103107108141158227282278350326316351
Pre-tax income-99.86.448.3-9.4131185-1,857-6114919137391,031651
Income tax4.622.128.0-17.240.866.9-28.9-2.5116209-392340286
Effective tax raten/a348.2%58.0%n/a31.1%36.1%n/an/a23.6%22.9%-53.0%33.0%44.0%
Net income-90.8-32.52.9-6.060.269.9-1,725-651266557896496135
Net margin-1.3%-0.4%0.0%-0.1%0.6%0.6%-92.7%-10.4%1.6%2.4%3.9%2.0%0.5%
Diluted EPS-$0.49-$0.33-$0.23-$0.48-$0.09-$0.02-$8.12-$3.09$0.64$1.37$2.74-$0.24-$1.13
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022 FY2023 FY2024 FY2025TTM
Operating cash flow292308599623942470-1,0831,7811,8321,3631,7251,3952,609
Capital expenditure1401421742382403242141533474396471,0621,226
Free cash flow153165425385702146-1,2971,6281,4859241,0793341,383
Free cash flow margin2.2%2.3%5.4%4.0%6.5%1.3%-69.7%26.0%8.9%4.1%4.7%1.3%5.3%
Depreciation and amortisation368397319372387444485416450517550639688
Share-based compensation39.033.432.742.845.648.8117209110116110155164
Buybacksn/an/an/an/an/an/an/an/an/a0.00.023.5n/a
Diluted shares, weightedn/an/an/an/an/an/a212m217m232m231m236m232m244m
Shares outstanding at period end201m202m204m208m210m214m218m225m231m233m234m235m236m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022 FY2023 FY2024 FY2025TTM
Total assets5,9686,1566,7647,5048,49710,97610,58914,40216,46119,03019,63922,91328,181
Cash and equivalents1,3821,3031,5271,8252,3722,4702,5384,8855,6066,2326,0957,0949,072
Receivables4194535697258299954871,0671,4652,0251,7472,0092,885
Inventory12.814.415.117.512.616.122.033.838.745.150.156.6n/a
Goodwill1,4791,6041,7471,7551,8231,9982,1292,5912,5292,6912,6212,8893,064
Total debt, as filed2,0432,0452,3132,3002,8153,3094,9095,7315,9036,5936,4388,2009,201
Long-term debt including finance leases1,9962,0032,2601,9522,7333,2714,8555,1455,2835,4596,1777,6126,233
Borrowings, as the company tags them2,0892,0802,3652,3382,9103,4035,0385,8305,9556,6436,4918,2699,282
Operating lease liabilitiesn/an/an/an/a0.01,3741,4461,6061,6551,6861,6802,0372,081
Shareholders' equity1,2971,2371,1261,1811,0991,146-472-583-368-52.317327182.3
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded13.3%68.4%14.7%10.8%
Profit growth, compoundedn/an/a23.0%-85.2%
Return on equity, averagen/an/a350.2%183.0%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Services-Amusement & Recreation Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Live Nation Entertainment, Inc. LYV$39.9 billionn/a163.6%3.0%10.8%111.76n/a
TKO Group Holdings, Inc. TKO$14.5 billion36.666.8%18.8%26.6%1.362.0%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 202430 July 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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