Las Vegas Sands (LVS) Cost of Revenue (2009 - 2026)
Las Vegas Sands' (LVS) quarterly Cost of Revenue came in at $92.0 million in Q1 2026, up 13.58% year-on-year from $81.0 million in Q1 2025, and up 8.24% quarter-over-quarter from $85.0 million in Q4 2025.
Las Vegas Sands (LVS) Cost of Revenue (2009 - 2026) Analysis & Trends
Las Vegas Sands' Cost of Revenue history runs 18 years deep, the most recent figure standing at $92.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 13.58% year-over-year to $92.0 million in Q1 2026; TTM through Mar 2026 was $368.0 million, a 91.82% decrease from a year earlier, with the FY2025 full-year figure at $262.0 million, down 94.32% from the prior year.
- Cost of Revenue climbed to $92.0 million in Q1 2026 per LVS's latest filing, from $85.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $4.2 billion in Q4 2024 and bottomed at $27.0 million in Q3 2022.
- The 5-year median for Cost of Revenue is $117.0 million (2023), against an average of $685.3 million.
- Across the five-year window, Cost of Revenue surged 7790.0% in 2023 and sank 97.99% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $50.0 million in 2022, then jumped by 7790.0% to $3.9 billion in 2023, then rose by 7.28% to $4.2 billion in 2024, then sank by 97.99% to $85.0 million in 2025, then gained by 8.24% to $92.0 million in 2026.
- Per Business Quant, the three latest LVS Cost of Revenue figures stand at $92.0 million (Q1 2026), $85.0 million (Q4 2025), and $61.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 92.00 Mn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 132.64 Mn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 109.91 Mn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 13.21 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 95.00 Mn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 59.00 Mn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 74.19 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 21.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 92.00 Mn |
| Mar 31, 2026 | 92.00 Mn |
| Dec 31, 2025 | 85.00 Mn |
| Dec 31, 2025 | 85.00 Mn |
| Sep 30, 2025 | 61.00 Mn |
| Sep 30, 2025 | 61.00 Mn |
| Jun 30, 2025 | 130.00 Mn |
| Jun 30, 2025 | 130.00 Mn |
| Mar 31, 2025 | 81.00 Mn |
| Mar 31, 2025 | 81.00 Mn |
| Dec 31, 2024 | 4.23 Bn |
| Dec 31, 2024 | 4.23 Bn |
| Sep 30, 2024 | 62.00 Mn |
| Sep 30, 2024 | 62.00 Mn |
| Jun 30, 2024 | 124.00 Mn |
| Jun 30, 2024 | 124.00 Mn |
| Mar 31, 2024 | 126.00 Mn |
| Mar 31, 2024 | 126.00 Mn |
| Dec 31, 2023 | 3.95 Bn |
| Dec 31, 2023 | 3.95 Bn |