Las Vegas Sands (LVS) Operating Expenses (2016 - 2026)

Las Vegas Sands has reported Operating Expenses over the past 18 years, most recently at $2.7 billion for Q1 2026.

For Q1 2026, Operating Expenses rose 19.0% year-over-year to $2.7 billion; the TTM value through Mar 2026 reached $10.6 billion, up 19.31%, while the annual FY2025 figure was $10.2 billion, 14.65% up from the prior year.
Operating Expenses for Q1 2026 was $2.7 billion at Las Vegas Sands, down from $2.9 billion in the prior quarter.
Over five years, Operating Expenses peaked at $2.9 billion in Q4 2025 and troughed at $1.2 billion in Q3 2022.
A 5-year average of $2.0 billion and a median of $2.2 billion in 2024 define the central range for Operating Expenses.
Biggest five-year swings in Operating Expenses: decreased 9.15% in 2022 and later surged 78.26% in 2023.
Year by year, Operating Expenses stood at $1.3 billion in 2022, then skyrocketed 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, then decreased by 8.87% to $2.7 billion in 2026.
Business Quant data shows Operating Expenses for LVS at $2.7 billion in Q1 2026, $2.9 billion in Q4 2025, and $2.6 billion in Q3 2025.

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