Las Vegas Sands (LVS) Operating Expenses (2009 - 2026)

Las Vegas Sands' Operating Expenses history runs 18 years deep, the most recent figure standing at $2.7 billion for Q1 2026.

• On a quarterly basis, Operating Expenses rose 19.0% year-over-year to $2.7 billion in Q1 2026; TTM through Mar 2026 was $10.6 billion, a 19.31% increase from a year earlier, with the FY2025 full-year figure at $10.2 billion, up 14.65% from the prior year.
• Operating Expenses fell to $2.7 billion in Q1 2026 per LVS's latest filing, from $2.9 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $2.9 billion in Q4 2025 and bottomed at $1.2 billion in Q3 2022.
• The 5-year median for Operating Expenses is $2.2 billion (2024), against an average of $2.0 billion.
• Across the five-year window, Operating Expenses retreated 9.15% in 2022 and jumped 78.26% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $1.3 billion in 2022, then surged by 71.86% to $2.2 billion in 2023, then gained by 4.58% to $2.3 billion in 2024, then increased by 27.58% to $2.9 billion in 2025, then fell by 8.87% to $2.7 billion in 2026.
• Per Business Quant, the three latest LVS Operating Expenses figures stand at $2.7 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.6 billion (Q3 2025).