Las Vegas Sands (LVS) r&d spend was $269M in FY2025 (+18% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$269M
+18%
2024
$228M
+11%
2023
$205M
+43%
2022
$143M
+31%
2021
$109M
+506%
2020
$18M
-25%
2019
$24M
+100%
2018
$12M
-8%
2017
$13M
+44%
2016
$9M
-10%
2015
$10M
-29%
2014
$14M
-11%
2013
$16M
-21%
2012
$20M
+76%
2011
$11M
+534%
2010
$2M
+235%
2009
$533,000
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$43M
Q1 2026
$41M
Q4 2025
$59M
Q3 2025
$72M
Q2 2025
$69M
Q1 2025
$69M
Q4 2024
$59M
Q3 2024
$55M
Q2 2024
$61M
Q1 2024
$53M
Q4 2023
$65M
Q3 2023
$44M
Source: LVS on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.