Las Vegas Sands (LVS) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Las Vegas Sands (LVS) over the last 17 years, with Q4 2025 value amounting to $2.9 billion.

Las Vegas Sands' Operating Expenses rose 2758.02% to $2.9 billion in Q4 2025 from the same period last year, while for Dec 2025 it was $10.2 billion, marking a year-over-year increase of 1464.7%. This contributed to the annual value of $10.2 billion for FY2025, which is 1464.7% up from last year.
Las Vegas Sands' Operating Expenses amounted to $2.9 billion in Q4 2025, which was up 2758.02% from $2.6 billion recorded in Q3 2025.
Las Vegas Sands' 5-year Operating Expenses high stood at $2.9 billion for Q4 2025, and its period low was $1.1 billion during Q4 2021.
In the last 5 years, Las Vegas Sands' Operating Expenses had a median value of $2.1 billion in 2023 and averaged $1.8 billion.
Per our database at Business Quant, Las Vegas Sands' Operating Expenses tumbled by 914.63% in 2022 and then surged by 7825.72% in 2023.
Over the past 5 years, Las Vegas Sands' Operating Expenses (Quarter) stood at $1.1 billion in 2021, then rose by 11.95% to $1.3 billion in 2022, then surged by 71.86% to $2.2 billion in 2023, then rose by 4.58% to $2.3 billion in 2024, then grew by 27.58% to $2.9 billion in 2025.
Its Operating Expenses was $2.9 billion in Q4 2025, compared to $2.6 billion in Q3 2025 and $2.4 billion in Q2 2025.

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