Las Vegas Sands (LVS) Capital Expenditures (2009 - 2026)

Las Vegas Sands (LVS) recorded quarterly Capital Expenditures of $194.0 million in Q1 2026, down 29.2% quarter-over-quarter from $274.0 million in Q4 2025, and down 48.81% on a YoY basis from $379.0 million in Q1 2025.

Las Vegas Sands (LVS) Capital Expenditures (2009 - 2026) Analysis & Trends

Las Vegas Sands' Capital Expenditures history runs 18 years deep, the most recent figure standing at $194.0 million for Q1 2026.

  • In Q1 2026, Capital Expenditures fell 48.81% year-over-year to $194.0 million; the TTM figure through Mar 2026 stood at $983.0 million (down 43.83% YoY), while the FY2025 annual figure was $1.2 billion, down 25.46% from the prior year.
  • Capital Expenditures was $194.0 million for Q1 2026 at Las Vegas Sands, down from $274.0 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $547.0 million in Q4 2024 to a low of $137.0 million in Q1 2022.
  • Historically, Capital Expenditures has averaged $270.4 million across 5 years, with a median of $229.0 million in 2025.
  • The sharpest annual moves came in 2023 and 2025: Capital Expenditures surged 121.09% in 2023, then tumbled 57.51% in 2025.
  • A 5-year view of Capital Expenditures shows it stood at $147.0 million in 2022, then soared by 121.09% to $325.0 million in 2023, then jumped by 68.31% to $547.0 million in 2024, then slumped by 49.91% to $274.0 million in 2025, then slipped by 29.2% to $194.0 million in 2026.
  • The last three Capital Expenditures figures came in at $194.0 million (Q1 2026), $274.0 million (Q4 2025), and $229.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Wynn Resorts 10.77 Bn 9.94 Bn 1.77 Bn 179.06 Mn
2 Boyd Gaming 6.75 Bn 6.74 Bn 742.51 Mn 155.18 Mn
3 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - -
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn 96.00 Mn
5 Vail Resorts 4.85 Bn 4.81 Bn - -59.76 Mn
6 Hilton Grand Vacations 4.07 Bn 3.97 Bn 1.10 Bn 14.00 Mn
7 Red Rock Resorts 3.34 Bn 3.31 Bn 491.72 Mn 88.10 Mn
8 Marriott Vacations Worldwide 3.09 Bn 2.82 Bn 1.23 Bn 8.00 Mn
9 PENN Entertainment 2.57 Bn 1.85 Bn 971.20 Mn 54.20 Mn
10 Las Vegas Sands - - 3.56 Bn 194.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 194.00 Mn
Mar 31, 2026 194.00 Mn
Dec 31, 2025 274.00 Mn
Dec 31, 2025 274.00 Mn
Sep 30, 2025 229.00 Mn
Sep 30, 2025 229.00 Mn
Jun 30, 2025 286.00 Mn
Jun 30, 2025 286.00 Mn
Mar 31, 2025 379.00 Mn
Mar 31, 2025 379.00 Mn
Dec 31, 2024 547.00 Mn
Dec 31, 2024 547.00 Mn
Sep 30, 2024 539.00 Mn
Sep 30, 2024 539.00 Mn
Jun 30, 2024 285.00 Mn
Jun 30, 2024 285.00 Mn
Mar 31, 2024 196.00 Mn
Mar 31, 2024 196.00 Mn
Dec 31, 2023 325.00 Mn
Dec 31, 2023 325.00 Mn