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Las Vegas Sands LVS Corporate and Other — CapEx

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Other financials

Income statement

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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

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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

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Operating cash flow$731.0M+39.0%
CapEx$194.0M-48.8%
Free cash flow$537.0M+265%

Valuation

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Market cap$31.22B+3.7%
Enterprise value$45.32B+4.7%
P/E17×-4.4×
P/S2.3×-0.3×

Profitability

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Operating margin22.7%+2.2pp
Net margin13.4%+1.8pp
FCF margin17.1%+5.8pp

Returns & leverage

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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:SegmentExpenditureAdditionToLongLivedAssets.

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 corporate and other — capex?
Las Vegas Sands (LVS) reported corporate and other — capex of $3M in Q1 2026.
How has Las Vegas Sands's corporate and other — capex changed year-over-year?
Las Vegas Sands's corporate and other — capex decreased by 57.1% year-over-year, from $7M to $3M.
What is the long-term trend for Las Vegas Sands's corporate and other — capex?
Over 4 years (2021 to 2025), Las Vegas Sands's corporate and other — capex has grown at a 9.6% compound annual growth rate (CAGR), from $27M to $39M.
What does corporate and other — capex mean?
Represents the cash outflows for the acquisition, construction, or improvement of physical assets allocated to the corporate and administrative segment. This metric reflects investments in infrastructure, technology, or corporate facilities that support the broader enterprise rather than specific resort operations. It is a key indicator of the company's commitment to maintaining and upgrading its central operational backbone.