Light & Wonder (LAWIL) Research & Development (2012 - 2026)
Light & Wonder (LAWIL) posted Research & Development of $61 million for Q2 2026, down 4.7% from $64 million a year earlier and down 9.0% from the prior quarter.
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Analysis
Light & Wonder (LAWIL) Research & Development (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Light & Wonder was $250 million, down 4.9% year-over-year; for FY2025, it came in at $252 million, down 3.8% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 11.2% (FY2020 to FY2025).
- In prior years, Light & Wonder's Research & Development was $262 million in FY2024 (+14.9%), $228 million in FY2023 (+4.6%), $218 million in FY2022 (+14.7%) and $190 million in FY2021 (+28.4%).
- Quarterly Research & Development has run from a low of $47 million in Q3 2021 to a high of $68 million in Q4 2024 over five years.
- On a year-over-year basis, Research & Development increased in four of the last eight quarters, with growth averaging 2.0%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2021, with growth of 31.6%; the weakest was Q4 2025, with a decline of 11.8%.
- According to Business Quant data, Research & Development for the three prior quarters was $67 million (Q1 2026), $60 million (Q4 2025) and $62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.88 Bn | 9.98 Bn | 1.48 Bn | 43.00 Mn |
| 2 | Flutter Entertainment | 14.26 Bn | 7.63 Bn | 1.71 Bn | 300.00 Mn |
| 3 | DraftKings | 10.31 Bn | 5.97 Bn | 551.45 Mn | 127.65 Mn |
| 4 | Madison Square Garden Sports | 9.40 Bn | 8.99 Bn | 119.21 Mn | - |
| 5 | Life Time Group Holdings | 9.34 Bn | 8.57 Bn | 412.26 Mn | - |
| 6 | Wynn Resorts | 7.72 Bn | 2.01 Bn | 758.95 Mn | - |
| 7 | MGM Resorts International | 7.51 Bn | -1.53 Bn | 1.98 Bn | - |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 61.00 Mn |
| 9 | Caesars Entertainment | 5.93 Bn | 2.38 Bn | 1.50 Bn | - |
| 10 | Churchill Downs | 5.91 Bn | 5.13 Bn | 419.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.00 Mn |
| Mar 31, 2026 | 67.00 Mn |
| Dec 31, 2025 | 60.00 Mn |
| Sep 30, 2025 | 62.00 Mn |
| Jun 30, 2025 | 64.00 Mn |
| Mar 31, 2025 | 65.00 Mn |
| Dec 31, 2024 | 68.00 Mn |
| Sep 30, 2024 | 66.00 Mn |
| Jun 30, 2024 | 66.00 Mn |
| Mar 31, 2024 | 62.00 Mn |
| Dec 31, 2023 | 60.00 Mn |
| Sep 30, 2023 | 55.00 Mn |
| Jun 30, 2023 | 58.00 Mn |
| Mar 31, 2023 | 54.00 Mn |
| Dec 31, 2022 | 55.00 Mn |
| Sep 30, 2022 | 56.00 Mn |
| Jun 30, 2022 | 56.00 Mn |
| Mar 31, 2022 | 53.00 Mn |
| Dec 31, 2021 | 50.00 Mn |
| Sep 30, 2021 | 47.00 Mn |
API Access
Light & Wonder Research & Development 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=research-and-development&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();