Las Vegas Sands (LVS) Cost of Revenue (2016 - 2026)

Las Vegas Sands has reported Cost of Revenue over the past 18 years, most recently at $25.0 million for Q1 2026.

For Q1 2026, Cost of Revenue rose 13.64% year-over-year to $25.0 million; the TTM value through Mar 2026 reached -$1.9 billion, down 172.71%, while the annual FY2025 figure was $562.0 million, 9.77% up from the prior year.
Cost of Revenue for Q1 2026 was $25.0 million at Las Vegas Sands, up from -$3.2 billion in the prior quarter.
Over five years, Cost of Revenue peaked at $4.0 billion in Q4 2023 and troughed at -$3.2 billion in Q4 2025.
A 5-year average of $416.8 million and a median of $56.0 million in 2023 define the central range for Cost of Revenue.
Biggest five-year swings in Cost of Revenue: soared 3499.15% in 2023 and later plummeted 1247.48% in 2025.
Year by year, Cost of Revenue stood at -$118.0 million in 2022, then soared by 3499.15% to $4.0 billion in 2023, then crashed by 93.07% to $278.0 million in 2024, then plummeted by 1247.48% to -$3.2 billion in 2025, then soared by 100.78% to $25.0 million in 2026.
Business Quant data shows Cost of Revenue for LVS at $25.0 million in Q1 2026, -$3.2 billion in Q4 2025, and $61.0 million in Q3 2025.

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