Light & Wonder (LNWO) Operating Expenses (2009 - 2026)
Light & Wonder's Operating Expenses came in at $325 million for Q2 2026, down 2.1% from $332 million a year earlier and down 19.8% from the prior quarter.
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Analysis
Light & Wonder (LNWO) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Light & Wonder reported Operating Expenses of $1.57 billion, up 14.9% year-over-year; for FY2025, it came in at $1.52 billion, up 11.5% from FY2024.
- Operating Expenses has increased in each of the last five years, with a five-year compound annual growth rate of 9.3% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $1.36 billion in FY2024 (+9.4%), $1.25 billion in FY2023 (+4.4%), $1.19 billion in FY2022 (+3.1%) and $1.16 billion in FY2021 (+18.4%).
- The Q2 2026 figure represents the lowest quarterly Operating Expenses since Q1 2024.
- Year-over-year, Operating Expenses increased in five of the last eight quarters, with growth averaging 10.4%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2025 (growth of 49.9%), and the weakest in Q4 2022 (a decline of 6.7%).
- Business Quant data shows LNWO's Operating Expenses at $405 million (Q1 2026), $508 million (Q4 2025) and $335 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 325.00 Mn |
| Mar 31, 2026 | 405.00 Mn |
| Dec 31, 2025 | 508.00 Mn |
| Sep 30, 2025 | 335.00 Mn |
| Jun 30, 2025 | 332.00 Mn |
| Mar 31, 2025 | 344.00 Mn |
| Dec 31, 2024 | 339.00 Mn |
| Sep 30, 2024 | 354.00 Mn |
| Jun 30, 2024 | 352.00 Mn |
| Mar 31, 2024 | 317.00 Mn |
| Dec 31, 2023 | 325.00 Mn |
| Sep 30, 2023 | 306.00 Mn |
| Jun 30, 2023 | 322.00 Mn |
| Mar 31, 2023 | 293.00 Mn |
| Dec 31, 2022 | 306.00 Mn |
| Sep 30, 2022 | 291.00 Mn |
| Jun 30, 2022 | 304.00 Mn |
| Mar 31, 2022 | 292.00 Mn |
| Dec 31, 2021 | 328.00 Mn |
| Sep 30, 2021 | 285.00 Mn |
API Access
Light & Wonder Operating 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=operating-expenses&ticker=LNWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=LNWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();