Light & Wonder (LNWO) Gross Margin (2009 - 2026)
Light & Wonder (LNWO) posted Gross Margin of 75.61% for Q3 2026, up 1.41 percentage points from 74.20% a year earlier and up 0.97 percentage points from the prior quarter.
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Analysis
Light & Wonder (LNWO) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Light & Wonder was 74.70%, up 1.93 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 three-year change of +2.67 percentage points (FY2022 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) and 70.62% in FY2022.
- The Q3 2026 figure stands as the highest quarterly Gross Margin since Q3 2016.
- On a year-over-year basis, Gross Margin has increased in each of the last eight quarters, with an average year-over-year change of +2.15 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2021, with a gain of 4.65 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 74.64% (Q2 2026), 75.44% (Q1 2026) and 73.26% (Q4 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 75.61% |
| 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% |
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=LNWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LNWO", "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=LNWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();