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Growth Metrics

Las Vegas Sands (LVS) Cost of Revenue (2016 - 2025)

Las Vegas Sands (LVS) has 17 years of Cost of Revenue data on record, last reported at $305.0 million in Q4 2025.

  • For Q4 2025, Cost of Revenue rose 204.45% year-over-year to $305.0 million; the TTM value through Dec 2025 reached $562.0 million, down 73.96%, while the annual FY2025 figure was $562.0 million, 545.98% up from the prior year.
  • Cost of Revenue reached $305.0 million in Q4 2025 per LVS's latest filing, up from $1.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $2.2 billion in Q2 2024 and bottomed at -$292.0 million in Q4 2024.
  • Average Cost of Revenue over 5 years is $186.0 million, with a median of $85.5 million recorded in 2022.
  • The widest YoY moves for Cost of Revenue: up 2991.55% in 2024, down 206.57% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $196.0 million in 2021, then plummeted by 48.98% to $100.0 million in 2022, then skyrocketed by 174.0% to $274.0 million in 2023, then crashed by 206.57% to -$292.0 million in 2024, then skyrocketed by 204.45% to $305.0 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $305.0 million in Q4 2025, $1.0 million in Q3 2025, and $130.0 million in Q2 2025.