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

Las Vegas Sands has reported Operating Expenses for 18 years, with the latest figure at $2.5 billion in Q2 2026.

• On a quarterly basis, Operating Expenses rose 6.02% year-over-year to $2.5 billion in Q2 2026; TTM through Jun 2026 was $10.8 billion, a 17.99% increase from a year earlier, with the FY2025 full-year figure at $10.2 billion, up 14.65% from the prior year.
• Operating Expenses was $2.5 billion for Q2 2026 at Las Vegas Sands, down from $2.7 billion in the prior quarter.
• The five-year high for Operating Expenses was $2.9 billion in Q4 2025, with the low at $1.2 billion in Q3 2022.
• Average Operating Expenses over 5 years is $2.1 billion, with a median of $2.2 billion recorded in 2023.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses fell 9.15% in 2022, then soared 78.26% in 2023.
• Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then soared by 71.86% to $2.2 billion in 2023, then advanced by 4.58% to $2.3 billion in 2024, then rose by 27.58% to $2.9 billion in 2025, then decreased by 13.8% to $2.5 billion in 2026.
• The last three Operating Expenses figures came in at $2.5 billion (Q2 2026), $2.7 billion (Q1 2026), and $2.9 billion (Q4 2025), per Business Quant data.