Las Vegas Sands Operating Expenses 2012-2026 | LVS

Las Vegas Sands annual/quarterly operating expenses history and growth rate from 2012 to 2026. Operating expenses can be defined as the sum of all operating expenses for the given industry.
  • Las Vegas Sands operating expenses for the quarter ending March 31, 2026 were $2.681B, a 19% increase year-over-year.
  • Las Vegas Sands operating expenses for the twelve months ending March 31, 2026 were $10.627B, a 19.31% increase year-over-year.
  • Las Vegas Sands annual operating expenses for 2025 were $10.199B, a 14.65% increase from 2024.
  • Las Vegas Sands annual operating expenses for 2024 were $8.896B, a 10.39% increase from 2023.
  • Las Vegas Sands annual operating expenses for 2023 were $8.059B, a 64.4% increase from 2022.
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Las Vegas Sands Annual Operating Expenses
(Millions of US $)
2025 $10,199
2024 $8,896
2023 $8,059
2022 $4,902
2021 $4,923
2020 $4,333
2019 $8,762
2018 $9,978
2017 $9,264
2016 $8,769
2015 $8,847
2014 $10,485
2013 $10,362
2012 $8,820
2011 $7,021
Las Vegas Sands Quarterly Operating Expenses
(Millions of US $)
2026-03-31 $2,681
2025-12-31 $2,942
2025-09-30 $2,612
2025-06-30 $2,392
2025-03-31 $2,253
2024-12-31 $2,306
2024-09-30 $2,178
2024-06-30 $2,170
2024-03-31 $2,242
2023-12-31 $2,205
2023-09-30 $2,107
2023-06-30 $2,005
2023-03-31 $1,742
2022-12-31 $1,283
2022-09-30 $1,182
2022-06-30 $1,192
2022-03-31 $1,245
2021-12-31 $1,146
2021-09-30 $1,173
2021-06-30 $1,312
2021-03-31 $1,292
2020-12-31 $1,134
2020-09-30 $969
2020-06-30 $819
2020-03-31 $1,411
2019-12-31 $1,296
2019-09-30 $2,351
2019-06-30 $2,440
2019-03-31 $2,675
2018-12-31 $2,601
2018-09-30 $2,450
2018-06-30 $2,506
2018-03-31 $2,421
2017-12-31 $2,363
2017-09-30 $2,306
2017-06-30 $2,292
2017-03-31 $2,303
2016-12-31 $2,258
2016-09-30 $2,249
2016-06-30 $2,131
2016-03-31 $2,131
2015-12-31 $2,160
2015-09-30 $2,155
2015-06-30 $2,232
2015-03-31 $2,301
2014-12-31 $2,394
2014-09-30 $2,562
2014-06-30 $2,663
2014-03-31 $2,867
2013-12-31 $2,770
2013-09-30 $2,654
2013-06-30 $2,462
2013-03-31 $2,476
2012-12-31 $2,405
2012-09-30 $2,175
2012-06-30 $2,184
2012-03-31 $2,055
2011-12-31 $1,881
2011-09-30 $1,777
2011-06-30 $1,737
Sector Industry Market Cap Revenue
Consumer Discretionary Gaming $35.470B $13.017B
Las Vegas Sands is a leading international developer of multi-use integrated resorts primarily operating in the U.S. and Asia. In the U.S., the company in its Las Vegas Operations has 3 properties' The Venetian Casino, Las Vegas, The Palazzo, Las Vegas and an Expo and Convention Center. In Asia, the company owns and operates several properties in Macao, China and one in Singapore. These properties are as follows: Macao Operations: Las Vegas Sands' integrated resort properties and other assets in Macao are owned and operated by Sands China Ltd., which is a majority-owned subsidiary of the company. The company's Macao business comprises the following resorts: Sands Macao, The Venetian Macao, Four Seasons Macao, The Parisian Macao and Sands Cotai Central (under development). Sands Cotai Centralis Las Vegas Sands' master-planned resort-casino project under development in the Cotai Strip, Macao. In 2016, the company opened The Parisian Macao, an integrated resort. Marina Bay Sands, Singapore: was opened in 2010.
Stock Name Country Market Cap PE Ratio
Nintendo (NTDOY) Japan $66.938B 25.00
Electronic Arts (EA) United States $50.736B 35.57
Roblox (RBLX) United States $36.780B 0.00
Take-Two Interactive Software (TTWO) United States $36.493B 65.04
Flutter Entertainment (FLUT) United States $17.855B 15.37
Capcom (CCOEY) Japan $11.097B 20.41
DraftKings (DKNG) United States $11.020B 741.00
Wynn Resorts (WYNN) United States $10.821B 24.82
GameStop (GME) United States $10.411B 20.19
MGM Resorts (MGM) United States $9.548B 11.24
Light & Wonder (LNWO) United States $6.866B 13.28
Boyd Gaming (BYD) United States $6.514B 11.66
Churchill Downs (CHDN) United States $6.097B 14.04
Red Rock Resorts (RRR) United States $5.903B 17.67
Super Group (SGHC) (SGHC) $5.150B 18.60
Rush Street Interactive (RSI) United States $4.900B 84.36
Melco Resorts & Entertainment (MLCO) Hong Kong, SAR China $2.290B 8.04
Brightstar Lottery (BRSL) United Kingdom $2.289B 13.17
PENN Entertainment (PENN) United States $2.037B 0.00
SJM Holdings (SJMHF) Hong Kong, SAR China $1.922B 0.00
Monarch Casino & Resort (MCRI) United States $1.759B 18.11
Playtika Holding (PLTK) Israel $1.187B 5.91
Accel Entertainment (ACEL) United States $0.947B 13.82
Melco Development (MDEVF) Hong Kong, SAR China $0.758B 0.00
Golden Entertainment (GDEN) United States $0.738B 399.29
Corsair Gaming (CRSR) United States $0.607B 17.24
UbiSoft Entertainment (UBSFY) France $0.600B 0.00
Bally's (BALY) United States $0.526B 0.00
Universal Entertainment (UETMF) Japan $0.508B 1.35
DoubleDown Interactive (DDI) South Korea $0.427B 4.16
Codere Online Luxembourg, S.A (CDRO) Luxembourg $0.391B 0.00
GDEV (GDEV) $0.249B 3.67
CTW Cayman (CTW) Japan $0.146B 0.00
DouYu Holdings (DOYU) China $0.142B 24.84
Golden Matrix (GMGI) United States $0.092B 0.00
Full House Resorts (FLL) United States $0.090B 0.00
Meridian Holdings (MRDN) United States $0.084B 0.00
Canterbury Park Holding (CPHC) United States $0.080B 0.00
GCL Global Holdings (GCL) Singapore $0.074B 0.00
Brera Holdings (SLMT) Ireland $0.064B 0.00
PLAYSTUDIOS (MYPS) United States $0.056B 0.00
Gamehaus Holdings (GMHS) China $0.051B 0.00
Bragg Gaming Group (BRAG) Canada $0.045B 0.00
Century Casinos (CNTY) United States $0.043B 0.00
NIP Group (NIPG) Sweden $0.042B 0.00
Skillz (SKLZ) United States $0.038B 0.00
GameSquare Holdings (GAME) United States $0.035B 0.00
Motorsport Games (MSGM) United States $0.021B 2.53
Snail (SNAL) United States $0.015B 0.48
DarkIris (DKI) Hong Kong, SAR China $0.013B 0.00
Gaxos.ai (GXAI) United States $0.012B 0.00
Allied Gaming & Entertainment (AGAE) United States $0.011B 0.00
Sports Entertainment Gaming Global (SEGG) United States $0.007B 0.00
Super League Enterprise (SLE) United States $0.005B 0.00