What is Las Vegas Sands's macao — capex?

Las Vegas Sands (LVS) reported macao — capex of $89M in Q1 2026.

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

Las Vegas Sands's macao — capex decreased by 54.8% year-over-year, from $197M to $89M.

What does macao — capex mean?

Represents the cash outflows used by the Macao segment to acquire, upgrade, or maintain physical assets such as casino properties, hotel facilities, and integrated resort infrastructure. This metric reflects the company's commitment to reinvesting in its Macao portfolio to sustain competitiveness and drive long-term growth.

Las Vegas Sands LVS Macao — CapEx

Other geography segments

Singapore

$102M-41.7%

Similar metrics at other companies

WYNNTotal Macau Operations — Segment, Expenditure, Addition to Long-Lived Assets

$90.94M+38.7%

WYNNMacau — Long-Lived Assets

$3.04B-1.8%

BAL

BALYCasinos & Resorts — CapEx

$32.5M+204%

UPBDMexico — CapEx

$1.16M+80.1%

MGMMGM China — CapEx

$42.15M-29.4%

BYDMidwest And South — CapEx

$52.4M-8.2%

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%

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

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: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 macao — capex?: Las Vegas Sands (LVS) reported macao — capex of $89M in Q1 2026.
How has Las Vegas Sands's macao — capex changed year-over-year?: Las Vegas Sands's macao — capex decreased by 54.8% year-over-year, from $197M to $89M.
What does macao — capex mean?: Represents the cash outflows used by the Macao segment to acquire, upgrade, or maintain physical assets such as casino properties, hotel facilities, and integrated resort infrastructure. This metric reflects the company's commitment to reinvesting in its Macao portfolio to sustain competitiveness and drive long-term growth.