Las Vegas Sands (LVS) Cost of Revenue (2009 - 2026)

Las Vegas Sands' Cost of Revenue history runs 18 years deep, the most recent figure standing at $25.0 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 13.64% year-over-year to $25.0 million; the TTM figure through Mar 2026 stood at -$1.9 billion (down 172.71% YoY), while the FY2025 annual figure was $562.0 million, up 9.77% from the prior year.
• Cost of Revenue was $25.0 million for Q1 2026 at Las Vegas Sands, up from -$3.2 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $4.0 billion in Q4 2023 to a low of -$3.2 billion in Q4 2025.
• Historically, Cost of Revenue has averaged $416.8 million across 5 years, with a median of $56.0 million in 2023.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue soared 3499.15% in 2023, then tumbled 1247.48% in 2025.
• A 5-year view of Cost of Revenue shows it stood at -$118.0 million in 2022, then jumped by 3499.15% to $4.0 billion in 2023, then sank by 93.07% to $278.0 million in 2024, then sank by 1247.48% to -$3.2 billion in 2025, then jumped by 100.78% to $25.0 million in 2026.
• The last three Cost of Revenue figures came in at $25.0 million (Q1 2026), -$3.2 billion (Q4 2025), and $61.0 million (Q3 2025), per Business Quant data.