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.

• In Q1 2026, Research & Development fell 40.58% year-over-year to $41.0 million; the TTM figure through Mar 2026 stood at $241.0 million (down 1.23% YoY), while the FY2025 annual figure was $269.0 million, up 17.98% from the prior year.
• Research & Development was $41.0 million for Q1 2026 at Las Vegas Sands, down from $59.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $72.0 million in Q3 2025 to a low of $22.0 million in Q2 2022.
• Historically, Research & Development has averaged $52.1 million across 5 years, with a median of $55.0 million in 2024.
• The sharpest annual moves came in 2022 and 2026: Research & Development surged 566.67% in 2022, then sank 40.58% in 2026.
• A 5-year view of Research & Development shows it 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 plunged by 30.51% to $41.0 million in 2026.
• The last three Research & Development figures came in at $41.0 million (Q1 2026), $59.0 million (Q4 2025), and $72.0 million (Q3 2025), per Business Quant data.