Las Vegas Sands (LVS) Research & Development (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly Research & Development of $43.0 million for Q2 2026, down 37.68% year-over-year from $69.0 million in Q2 2025, and up 4.88% quarter-over-quarter from $41.0 million in Q1 2026.
Las Vegas Sands (LVS) Research & Development (2009 - 2026) Analysis & Trends
Las Vegas Sands' Research & Development history runs 18 years deep, the most recent figure standing at $43.0 million for Q2 2026.
- In Q2 2026, Research & Development fell 37.68% year-over-year to $43.0 million; the TTM figure through Jun 2026 stood at $215.0 million (down 14.68% YoY), while the FY2025 annual figure was $269.0 million, up 17.98% from the prior year.
- Research & Development for Q2 2026 stood at $43.0 million, up from $41.0 million in the prior quarter.
- The five-year high for Research & Development was $72.0 million in Q3 2025, with the low at $22.0 million in Q2 2022.
- The 5-year median for Research & Development is $54.5 million (2023), against an average of $51.6 million.
- The sharpest annual moves came in 2022 and 2026: Research & Development jumped 566.67% in 2022, then plunged 40.58% in 2026.
- Las Vegas Sands' Research & Development stood at $35.0 million in 2022, then jumped by 85.71% to $65.0 million in 2023, then declined by 9.23% to $59.0 million in 2024, then changed by 0.0% to $59.0 million in 2025, then declined by 27.12% to $43.0 million in 2026.
- Business Quant data shows LVS's Research & Development at $43.0 million in Q2 2026, $41.0 million in Q1 2026, and $59.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 43.00 Mn |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | - |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | - |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 15.36 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | - |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 281.00 Mn |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | - |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | - |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.00 Mn |
| Mar 31, 2026 | 41.00 Mn |
| Dec 31, 2025 | 59.00 Mn |
| Sep 30, 2025 | 72.00 Mn |
| Jun 30, 2025 | 69.00 Mn |
| Mar 31, 2025 | 69.00 Mn |
| Dec 31, 2024 | 59.00 Mn |
| Sep 30, 2024 | 55.00 Mn |
| Jun 30, 2024 | 61.00 Mn |
| Mar 31, 2024 | 53.00 Mn |
| Dec 31, 2023 | 65.00 Mn |
| Sep 30, 2023 | 44.00 Mn |
| Jun 30, 2023 | 54.00 Mn |
| Mar 31, 2023 | 42.00 Mn |
| Dec 31, 2022 | 35.00 Mn |
| Sep 30, 2022 | 26.00 Mn |
| Jun 30, 2022 | 22.00 Mn |
| Mar 31, 2022 | 60.00 Mn |
| Dec 31, 2021 | 50.00 Mn |
| Sep 30, 2021 | 13.00 Mn |