Light & Wonder (LNWO) Operating Margin (2009 - 2026)
Light & Wonder (LNWO) posted Operating Margin of 26.93% for Q2 2026, up 1.96 percentage points from 24.97% a year earlier and up 10.48 percentage points from the prior quarter.
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Analysis
Light & Wonder (LNWO) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Light & Wonder was 19.86%, down 2.01 percentage points year-over-year; for FY2025, it was 20.61%, down 0.34 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +35.03 percentage points (FY2020 to FY2025).
- In prior years, Light & Wonder's Operating Margin was 20.95% in FY2024 (+3.10 pp), 17.85% in FY2023 (+6.98 pp), 10.87% in FY2022 (+5.76 pp) and 5.11% in FY2021 (+19.53 pp).
- Quarterly Operating Margin has run from a low of 0.69% in Q4 2021 to a high of 27.23% in Q3 2025 over five years.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of -0.45 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2022, with a gain of 13.68 percentage points; the weakest was Q4 2025, with a drop of 11.75 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 16.46% (Q1 2026), 9.33% (Q4 2025) and 27.23% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.93% |
| Mar 31, 2026 | 16.46% |
| Dec 31, 2025 | 9.33% |
| Sep 30, 2025 | 27.23% |
| Jun 30, 2025 | 24.97% |
| Mar 31, 2025 | 21.96% |
| Dec 31, 2024 | 21.08% |
| Sep 30, 2024 | 19.46% |
| Jun 30, 2024 | 21.39% |
| Mar 31, 2024 | 21.83% |
| Dec 31, 2023 | 20.23% |
| Sep 30, 2023 | 20.11% |
| Jun 30, 2023 | 15.46% |
| Mar 31, 2023 | 15.22% |
| Dec 31, 2022 | 14.37% |
| Sep 30, 2022 | 13.73% |
| Jun 30, 2022 | 7.54% |
| Mar 31, 2022 | 6.99% |
| Dec 31, 2021 | 0.69% |
| Sep 30, 2021 | 6.31% |
API Access
Light & Wonder Operating 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=operating-margin&ticker=LNWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=LNWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();