Las Vegas Sands (LVS) Capital Expenditures (2009 - 2026)
Las Vegas Sands (LVS) reported Capital Expenditures of $281 million for Q3 2026, up 22.7% from $229 million a year earlier but down 15.4% from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Las Vegas Sands' Capital Expenditures came in at $1.08 billion, down 25.0% year-over-year; for FY2025, it came in at $1.17 billion, down 25.5% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of -1.0% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $1.57 billion in FY2024 (+54.1%), $1.02 billion in FY2023 (+56.2%), $651 million in FY2022 (-21.4%) and $828 million in FY2021 (-32.5%).
- Five-year quarterly Capital Expenditures spans a low of $137 million in Q1 2022 and a high of $547 million in Q4 2024.
- Year over year, Capital Expenditures gained in five of the last eight quarters, with growth averaging 5.6%.
- The high point for year-over-year Capital Expenditures in five years was Q4 2023 (growth of 121.1%); the low point was Q3 2025 (a decline of 57.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $332 million (Q2 2026), $194 million (Q1 2026) and $274 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 201.60 Mn |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | 49.99 Mn |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 281.00 Mn |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | 43.76 Mn |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | 20.00 Mn |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 288.76 Mn |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 221.66 Mn |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | 666,000.00 |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 90.00 Mn |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 59.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 281.00 Mn |
| Jun 30, 2026 | 332.00 Mn |
| Mar 31, 2026 | 194.00 Mn |
| Dec 31, 2025 | 274.00 Mn |
| Sep 30, 2025 | 229.00 Mn |
| Jun 30, 2025 | 286.00 Mn |
| Mar 31, 2025 | 379.00 Mn |
| Dec 31, 2024 | 547.00 Mn |
| Sep 30, 2024 | 539.00 Mn |
| Jun 30, 2024 | 285.00 Mn |
| Mar 31, 2024 | 196.00 Mn |
| Dec 31, 2023 | 325.00 Mn |
| Sep 30, 2023 | 330.00 Mn |
| Jun 30, 2023 | 196.00 Mn |
| Mar 31, 2023 | 166.00 Mn |
| Dec 31, 2022 | 147.00 Mn |
| Sep 30, 2022 | 169.00 Mn |
| Jun 30, 2022 | 198.00 Mn |
| Mar 31, 2022 | 137.00 Mn |
| Dec 31, 2021 | 188.00 Mn |
API Access
Las Vegas Sands Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();