Las Vegas Sands Total Operating Expenses decreased by 8.9% to $2.68B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.0%, from $2.25B to $2.68B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 20.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.31B | $1.17B | $1.15B | $1.25B | $1.19B | $1.18B | $1.28B | $1.74B | $2.01B | $2.11B | $2.21B | $2.24B | $2.17B | $2.18B | $2.31B | $2.25B | $2.39B | $2.61B | $2.94B | $2.68B |
| QoQ Change | — | -10.6% | -2.3% | +8.6% | -4.3% | -0.8% | +8.5% | +35.8% | +15.1% | +5.1% | +4.7% | +1.7% | -3.2% | +0.4% | +5.9% | -2.3% | +6.2% | +9.2% | +12.6% | -8.9% |
| YoY Change | — | — | — | — | -9.1% | +0.8% | +12.0% | +39.9% | +68.2% | +78.3% | +71.9% | +28.7% | +8.2% | +3.4% | +4.6% | +0.5% | +10.2% | +19.9% | +27.6% | +19.0% |