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

Las Vegas Sands' (LVS) quarterly Capital Expenditures came in at $194.0 million in Q1 2026, down 48.81% year-on-year from $379.0 million in Q1 2025, and down 29.2% quarter-over-quarter from $274.0 million in Q4 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.

  • On a quarterly basis, Capital Expenditures fell 48.81% year-over-year to $194.0 million in Q1 2026; TTM through Mar 2026 was $983.0 million, a 43.83% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 25.46% from the prior year.
  • Capital Expenditures fell to $194.0 million in Q1 2026 per LVS's latest filing, from $274.0 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $547.0 million in Q4 2024 and bottomed at $137.0 million in Q1 2022.
  • The 5-year median for Capital Expenditures is $229.0 million (2025), against an average of $270.4 million.
  • Across the five-year window, Capital Expenditures jumped 121.09% in 2023 and tumbled 57.51% in 2025, its largest moves.
  • Year by year, Capital Expenditures 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 plunged by 49.91% to $274.0 million in 2025, then slipped by 29.2% to $194.0 million in 2026.
  • Per Business Quant, the three latest LVS Capital Expenditures figures stand at $194.0 million (Q1 2026), $274.0 million (Q4 2025), and $229.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 194.00 Mn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 154.66 Mn
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 179.06 Mn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 42.15 Mn
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 168.00 Mn
7 Vail Resorts 5.23 Bn 5.21 Bn - 35.06 Mn
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 14.00 Mn
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 88.10 Mn
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 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