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| Date | Value |
|---|---|
| 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 |