Las Vegas Sands (LVS) Research & Development (2009 - 2026)

Las Vegas Sands' Research & Development history runs 18 years deep, the most recent figure standing at $41.0 million for Q1 2026.

• On a quarterly basis, Research & Development fell 40.58% year-over-year to $41.0 million in Q1 2026; TTM through Mar 2026 was $241.0 million, a 1.23% decrease from a year earlier, with the FY2025 full-year figure at $269.0 million, up 17.98% from the prior year.
• Research & Development slipped to $41.0 million in Q1 2026 per LVS's latest filing, from $59.0 million in the prior quarter.
• Across five years, Research & Development topped out at $72.0 million in Q3 2025 and bottomed at $22.0 million in Q2 2022.
• The 5-year median for Research & Development is $55.0 million (2024), against an average of $52.1 million.
• Across the five-year window, Research & Development jumped 566.67% in 2022 and sank 40.58% in 2026, its largest moves.
• Year by year, Research & Development stood at $35.0 million in 2022, then surged by 85.71% to $65.0 million in 2023, then fell by 9.23% to $59.0 million in 2024, then changed by 0.0% to $59.0 million in 2025, then slumped by 30.51% to $41.0 million in 2026.
• Per Business Quant, the three latest LVS Research & Development figures stand at $41.0 million (Q1 2026), $59.0 million (Q4 2025), and $72.0 million (Q3 2025).