What is Las Vegas Sands's capex?

Las Vegas Sands (LVS) reported capex of $194M in Q1 2026.

How has Las Vegas Sands's capex changed year-over-year?

Las Vegas Sands's capex decreased by 48.8% year-over-year, from $379M to $194M.

What is the long-term trend for Las Vegas Sands's capex?

Over 4 years (2021 to 2025), Las Vegas Sands's capex has grown at a 9.0% compound annual growth rate (CAGR), from $828M to $1.17B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Las Vegas Sands LVS CapEx

CapEx at other companies

MGM Resorts InternationalMGM

$154.66M-32.2%

Wynn ResortsWYNN

$179.06M+12.0%

Caesars Entertainment, Inc.CZR

$168M-24.7%

BAL

Bally'sBALY

$38.86M+27.6%

Red Rock Resorts, Inc.RRR

$117.23M+71.8%

Monarch Casino & ResortMCRI

$5.55M-72.0%

Other financials

Income statement

See full

Revenue$3.6B+25.3%

Operating income$904.0M+48.4%

Net income$567.0M+61.1%

EPS (diluted)$0.85+73.5%

Balance sheet

See full

Cash & equivalents$3.5B+9.3%

Total debt$17.5B+4.2%

Total equity$1.2B-55.6%

Total assets$21.2B-0.3%

Cash flow

See full

Operating cash flow$731.0M+39.0%

Free cash flow$537.0M+265%

Valuation

See full

Market cap$31.22B+3.7%

Enterprise value$45.32B+4.7%

P/E17×-4.4×

P/S2.3×-0.3×

Profitability

See full

Operating margin22.7%+2.2pp

Net margin13.4%+1.8pp

FCF margin17.1%+5.8pp

Returns & leverage

See full

Return on equity94.5%+55.3pp

Debt / equity14.6×+8.4×

Current ratio0.9×+0.3×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Las Vegas Sands’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Las Vegas Sands's capex?: Las Vegas Sands (LVS) reported capex of $194M in Q1 2026.
How has Las Vegas Sands's capex changed year-over-year?: Las Vegas Sands's capex decreased by 48.8% year-over-year, from $379M to $194M.
What is the long-term trend for Las Vegas Sands's capex?: Over 4 years (2021 to 2025), Las Vegas Sands's capex has grown at a 9.0% compound annual growth rate (CAGR), from $828M to $1.17B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.