Light & Wonder annual operating margin
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2025
Light & Wonder Operating Margin Growth & History (LAWIL)
Light & Wonder's operating margin was 20.61% for fiscal 2025.
View full Light & Wonder company overviewLight & Wonder annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.61% | −0.34 pp |
| 2024 | 2024-12-31 | 20.95% | +3.10 pp |
| 2023 | 2023-12-31 | 17.85% | +6.98 pp |
| 2022 | 2022-12-31 | 10.87% | +5.76 pp |
| 2021 | 2021-12-31 | 5.11% | +19.53 pp |
| 2020 | 2020-12-31 | −14.42% | −26.56 pp |
| 2019 | 2019-12-31 | 12.14% | +4.23 pp |
| 2018 | 2018-12-31 | 7.91% | −4.87 pp |
| 2017 | 2017-12-31 | 12.78% | +8.25 pp |
| 2016 | 2016-12-31 | 4.53% | +41.67 pp |
| 2015 | 2015-12-31 | −37.14% | −27.47 pp |
| 2014 | 2014-12-31 | −9.67% | −7.99 pp |
| 2013 | 2013-12-31 | −1.68% | −8.45 pp |
| 2012 | 2012-12-31 | 6.77% | −3.87 pp |
| 2011 | 2011-12-31 | 10.65% | +3.90 pp |
| 2010 | 2010-12-31 | 6.75% | +6.75 pp |
| 2009 | 2009-12-31 | −0.00% | −1.94 pp |
| 2008 | 2008-12-31 | 1.93% | — |
Light & Wonder quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 26.93% | +1.96 pp |
| Q1 2026 | 2026-03-31 | 16.46% | −5.51 pp |
| Q4 2025 | 2025-12-31 | 9.21% | −11.99 pp |
| Q3 2025 | 2025-09-30 | 27.23% | +7.77 pp |
| Q2 2025 | 2025-06-30 | 24.97% | +3.58 pp |
| Q1 2025 | 2025-03-31 | 21.96% | +0.14 pp |
| Q4 2024 | 2024-12-31 | 21.20% | +0.94 pp |
| Q3 2024 | 2024-09-30 | 19.46% | −0.65 pp |
| Q2 2024 | 2024-06-30 | 21.39% | +5.94 pp |
| Q1 2024 | 2024-03-31 | 21.83% | +6.60 pp |
| Q4 2023 | 2023-12-31 | 20.26% | +5.89 pp |
| Q3 2023 | 2023-09-30 | 20.11% | +6.37 pp |
| Q2 2023 | 2023-06-30 | 15.46% | +7.92 pp |
| Q1 2023 | 2023-03-31 | 15.22% | +8.23 pp |
| Q4 2022 | 2022-12-31 | 14.37% | +13.68 pp |
| Q3 2022 | 2022-09-30 | 13.73% | +7.43 pp |
| Q2 2022 | 2022-06-30 | 7.54% | −4.16 pp |
| Q1 2022 | 2022-03-31 | 6.99% | +6.11 pp |
| Q4 2021 | 2021-12-31 | 0.69% | +4234.02 pp |
| Q3 2021 | 2021-09-30 | 6.31% | +13.25 pp |
| Q2 2021 | 2021-06-30 | 11.70% | +22.09 pp |
| Q1 2021 | 2021-03-31 | 0.88% | +5.30 pp |
| Q4 2020 | 2020-12-31 | −4,233.33% | −4250.06 pp |
| Q3 2020 | 2020-09-30 | −6.94% | −22.09 pp |
| Q2 2020 | 2020-06-30 | −10.39% | −25.08 pp |
| Q1 2020 | 2020-03-31 | −4.41% | −40.91 pp |
| Q3 2019 | 2019-09-30 | 16.73% | +41.69 pp |
| Q2 2019 | 2019-06-30 | 15.15% | +3.43 pp |
| Q1 2019 | 2019-03-31 | 14.70% | +8.66 pp |
| Q4 2018 | 2018-12-31 | 36.50% | +24.58 pp |
| Q3 2018 | 2018-09-30 | −24.97% | −36.75 pp |
| Q2 2018 | 2018-06-30 | 11.72% | −3.59 pp |
| Q1 2018 | 2018-03-31 | 6.03% | −6.10 pp |
| Q4 2017 | 2017-12-31 | 11.91% | +13.55 pp |
| Q3 2017 | 2017-09-30 | 11.78% | +7.13 pp |
| Q2 2017 | 2017-06-30 | 15.31% | +7.20 pp |
| Q1 2017 | 2017-03-31 | 12.13% | +4.76 pp |
| Q4 2016 | 2016-12-31 | −1.64% | +5.75 pp |
| Q3 2016 | 2016-09-30 | 4.65% | +151.79 pp |
| Q2 2016 | 2016-06-30 | 8.10% | +8.12 pp |
| Q1 2016 | 2016-03-31 | 7.38% | +4.63 pp |
| Q4 2015 | 2015-12-31 | −7.38% | +20.26 pp |
| Q3 2015 | 2015-09-30 | −147.14% | −145.26 pp |
| Q2 2015 | 2015-06-30 | −0.01% | −0.88 pp |
| Q1 2015 | 2015-03-31 | 2.75% | +5.87 pp |
| Q4 2014 | 2014-12-31 | −27.64% | −10.85 pp |
| Q3 2014 | 2014-09-30 | −1.88% | −12.84 pp |
| Q2 2014 | 2014-06-30 | 0.86% | −4.41 pp |
| Q1 2014 | 2014-03-31 | −3.12% | −8.17 pp |
| Q4 2013 | 2013-12-31 | −16.80% | −20.88 pp |
| Q3 2013 | 2013-09-30 | 10.96% | +3.62 pp |
| Q2 2013 | 2013-06-30 | 5.28% | +0.24 pp |
| Q1 2013 | 2013-03-31 | 5.05% | −5.73 pp |
| Q4 2012 | 2012-12-31 | 4.08% | −8.12 pp |
| Q3 2012 | 2012-09-30 | 7.35% | −2.25 pp |
| Q2 2012 | 2012-06-30 | 5.04% | −8.06 pp |
| Q1 2012 | 2012-03-31 | 10.78% | +3.49 pp |
| Q4 2011 | 2011-12-31 | 12.20% | +17.72 pp |
| Q3 2011 | 2011-09-30 | 9.60% | −0.24 pp |
| Q2 2011 | 2011-06-30 | 13.11% | +1.72 pp |
| Q1 2011 | 2011-03-31 | 7.30% | −2.64 pp |
| Q4 2010 | 2010-12-31 | −5.52% | −18.04 pp |
| Q3 2010 | 2010-09-30 | 9.84% | −1.95 pp |
| Q2 2010 | 2010-06-30 | 11.39% | — |
| Q1 2010 | 2010-03-31 | 9.94% | — |
| Q3 2009 | 2009-09-30 | 12.52% | — |
| Q2 2009 | 2009-06-30 | 11.79% | — |
Light & Wonder operating margin trends
Over the last five reported fiscal years, Light & Wonder's operating margin increased from −14.42% to 20.61%, a change of +35.03 percentage points. The latest reported quarter, Q2 2026, shows 26.93%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Light & Wonder filings at SEC.gov ↗