Light & Wonder (LAWIL) Gross Margin (2009 - 2026)
Light & Wonder (LAWIL) posted Gross Margin of 74.64% for Q2 2026, up 1.71 percentage points from 72.93% a year earlier but down 0.81 percentage points from the prior quarter.
Powered by 
Analysis
Light & Wonder (LAWIL) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Light & Wonder was 74.35%, up 2.69 percentage points year-over-year; for FY2025, it came in at 73.30%, up 2.50 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -17.11 percentage points (FY2020 to FY2025).
- In prior years, Light & Wonder's Gross Margin was 70.80% in FY2024 (+0.84 pp), 69.95% in FY2023 (-0.67 pp), 70.62% in FY2022 (-21.48 pp) and 92.10% in FY2021 (+1.70 pp).
- Quarterly Gross Margin has run from a low of 69.65% in Q4 2023 to a high of 75.44% in Q1 2026 over five years.
- On a year-over-year basis, Gross Margin has increased in each of the last seven quarters, with an average year-over-year change of +1.94 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2021, with a gain of 6.80 percentage points; the weakest was Q1 2023, with a drop of 2.18 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 75.44% (Q1 2026), 73.26% (Q4 2025) and 74.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.66 Bn | 10.08 Bn | 1.48 Bn | 46.92% |
| 2 | DraftKings | 18.62 Bn | 14.28 Bn | 551.45 Mn | 38.21% |
| 3 | Flutter Entertainment | 14.18 Bn | 7.93 Bn | 1.71 Bn | 39.60% |
| 4 | Madison Square Garden Sports | 9.38 Bn | 8.98 Bn | 119.21 Mn | 42.77% |
| 5 | Life Time Group Holdings | 9.37 Bn | 8.61 Bn | 412.26 Mn | 47.61% |
| 6 | Wynn Resorts | 7.77 Bn | 1.32 Bn | 758.95 Mn | 40.87% |
| 7 | MGM Resorts International | 7.42 Bn | -761.08 Mn | 1.98 Bn | 44.47% |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 74.64% |
| 9 | Caesars Entertainment | 5.92 Bn | 2.54 Bn | 1.50 Bn | 50.08% |
| 10 | Churchill Downs | 5.89 Bn | 5.16 Bn | 419.00 Mn | 42.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.64% |
| Mar 31, 2026 | 75.44% |
| Dec 31, 2025 | 73.26% |
| Sep 30, 2025 | 74.20% |
| Jun 30, 2025 | 72.93% |
| Mar 31, 2025 | 72.74% |
| Dec 31, 2024 | 71.14% |
| Sep 30, 2024 | 69.89% |
| Jun 30, 2024 | 71.15% |
| Mar 31, 2024 | 71.03% |
| Dec 31, 2023 | 69.65% |
| Sep 30, 2023 | 70.18% |
| Jun 30, 2023 | 70.18% |
| Mar 31, 2023 | 69.85% |
| Dec 31, 2022 | 70.09% |
| Sep 30, 2022 | 70.22% |
| Jun 30, 2022 | 70.49% |
| Mar 31, 2022 | 72.03% |
| Dec 31, 2021 | 70.69% |
| Sep 30, 2021 | 71.61% |
API Access
Light & Wonder Gross Margin 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=gross-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();