Light & Wonder (LNWO) Research & Development (2012 - 2026)
Light & Wonder (LNWO) recorded Research & Development of $61 million in 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 (LNWO) Research & Development (2012 - 2026) Analysis & Trends
On a TTM basis, Light & Wonder's Research & Development came in at $250 million as of Jun 30, 2026, down 4.9% year-over-year; for FY2025, it was $252 million, down 3.8% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 11.2% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $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 ranged from $47 million in Q3 2021 to $68 million in Q4 2024 over the past five years.
- On a year-over-year basis, Research & Development rose in four of the last eight quarters, with growth averaging 2.0%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 31.6% in Q4 2021, against a decline of 11.8% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $67 million (Q1 2026), $60 million (Q4 2025) and $62 million (Q3 2025).
Peer Set
Peer Comparison
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=LNWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=LNWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();