Light & Wonder (LAWIL) Accumulated Expenses (2009 - 2026)
Light & Wonder (LAWIL) reported Accumulated Expenses of $418 million for Q3 2026, up 11.8% from $374 million a year earlier and up 2.0% from the prior quarter.
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Analysis
Light & Wonder (LAWIL) Accumulated Expenses (2009 - 2026) Analysis & Trends
At the end of FY2025, Light & Wonder posted Accumulated Expenses of $535 million, up 19.7% from FY2024.
- Accumulated Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 9.3% (FY2020 to FY2025).
- By year, Accumulated Expenses came in at $447 million in FY2024 (+10.6%), $404 million in FY2023 (+6.3%), $380 million in FY2022 (-11.2%) and $428 million in FY2021 (+24.8%).
- Five-year quarterly Accumulated Expenses spans a low of $352 million in Q3 2022 and a high of $535 million in Q4 2025.
- Year over year, Accumulated Expenses has now increased in each of the last four quarters, with growth averaging 7.2% over the last eight quarters.
- The high point for year-over-year Accumulated Expenses in five years was Q4 2021 (growth of 24.8%); the low point was Q2 2022 (a decline of 35.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $410 million (Q2 2026), $437 million (Q1 2026) and $535 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Wynn Resorts | 43.71 Bn | 37.08 Bn | 655.12 Mn |
| 2 | Vail Resorts | 27.65 Bn | 26.37 Bn | - |
| 3 | Las Vegas Sands | 25.32 Bn | 12.14 Bn | 1.47 Bn |
| 4 | DraftKings | 16.83 Bn | 12.62 Bn | 429.05 Mn |
| 5 | Flutter Entertainment | 14.10 Bn | 7.73 Bn | 1.52 Bn |
| 6 | Life Time Group Holdings | 10.44 Bn | 9.61 Bn | 419.01 Mn |
| 7 | MGM Resorts International | 8.43 Bn | -8.70 Mn | 1.73 Bn |
| 8 | MSG Knickerbockers | 7.58 Bn | 7.19 Bn | 36.67 Mn |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn |
| 10 | Churchill Downs | 6.84 Bn | 6.10 Bn | 207.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 418.00 Mn |
| Jun 30, 2026 | 410.00 Mn |
| Mar 31, 2026 | 437.00 Mn |
| Dec 31, 2025 | 535.00 Mn |
| Sep 30, 2025 | 374.00 Mn |
| Jun 30, 2025 | 358.00 Mn |
| Mar 31, 2025 | 434.00 Mn |
| Dec 31, 2024 | 447.00 Mn |
| Sep 30, 2024 | 429.00 Mn |
| Jun 30, 2024 | 362.00 Mn |
| Mar 31, 2024 | 381.00 Mn |
| Dec 31, 2023 | 404.00 Mn |
| Sep 30, 2023 | 403.00 Mn |
| Jun 30, 2023 | 371.00 Mn |
| Mar 31, 2023 | 362.00 Mn |
| Dec 31, 2022 | 380.00 Mn |
| Sep 30, 2022 | 352.00 Mn |
| Jun 30, 2022 | 359.00 Mn |
| Mar 31, 2022 | 385.00 Mn |
| Dec 31, 2021 | 428.00 Mn |
API Access
Light & Wonder Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "LAWIL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();