Quick Answer
LAS VEGAS SANDS CORP reported R&D Expense of $269.00 million for fiscal year 2025.
LAS VEGAS SANDS CORP R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $269.00M | +18.0% |
| 2024 | $228.00M | +11.2% |
| 2023 | $205.00M | +43.4% |
| 2022 | $143.00M | +31.2% |
| 2021 | $109.00M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $72.00M | +30.9% | +4.3% |
| June 30, 2025 | $69.00M | +13.1% | +0.0% |
| March 31, 2025 | $69.00M | +30.2% | +25.5% |
| September 30, 2024 | $55.00M | +25.0% | -9.8% |
| June 30, 2024 | $61.00M | +13.0% | +15.1% |
| March 31, 2024 | $53.00M | +26.2% | +20.5% |
| September 30, 2023 | $44.00M | — | -18.5% |
| June 30, 2023 | $54.00M | — | +28.6% |
- LAS VEGAS SANDS CORP showed an increase of +18.0% in R&D Expense compared to the prior fiscal year.
- Over the 2021–2025 period, LAS VEGAS SANDS CORP’s r&d expense has grown by 146.8% (from $109.00 million to $269.00 million).
- The most recent figure is from LAS VEGAS SANDS CORP’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 6, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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