Light & Wonder has been growing earnings at an average annual rate of 68.7%, while the Hospitality industry saw earnings growing at 11.6% annually. Revenues have been growing at an average rate of 12.2% per year. Light & Wonder's return on equity is 79.1%, and it has net margins of 7.4%.
Key information
68.72%
Earnings growth rate
68.93%
EPS growth rate
Hospitality Industry Growth
-5.40%
Revenue growth rate
12.22%
Return on equity
79.10%
Net Margin
7.39%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Light & Wonder makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
CHIA:LNW Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
3,330
246
889
254
31 Dec 25
3,314
276
869
252
30 Sep 25
3,221
399
859
260
30 Jun 25
3,195
349
859
263
31 Mar 25
3,206
336
871
265
31 Dec 24
3,188
336
872
262
30 Sep 24
3,162
295
866
254
30 Jun 24
3,077
306
850
244
31 Mar 24
2,988
223
834
236
31 Dec 23
2,902
163
808
228
30 Sep 23
2,813
108
781
223
30 Jun 23
2,729
46
759
221
31 Mar 23
2,610
-107
734
219
31 Dec 22
2,512
-198
717
218
30 Sep 22
2,411
-152
712
213
30 Jun 22
2,302
-69
694
206
31 Mar 22
2,272
30
695
198
31 Dec 21
2,153
5
679
190
30 Sep 21
2,052
-203
670
178
30 Jun 21
1,946
-492
653
167
31 Mar 21
1,427
-757
588
142
31 Dec 20
1,699
-822
627
148
30 Sep 20
2,082
-715
631
156
30 Jun 20
2,505
-508
660
167
31 Mar 20
3,288
-265
719
190
31 Dec 19
2,388
-342
619
166
30 Sep 19
3,422
120
717
191
30 Jun 19
3,388
-245
711
194
31 Mar 19
3,388
-174
711
197
31 Dec 18
3,363
-352
697
202
30 Sep 18
3,301
-602
683
199
30 Jun 18
3,249
-310
673
197
31 Mar 18
3,170
-343
644
196
31 Dec 17
3,084
-242
613
184
30 Sep 17
3,013
-310
582
188
30 Jun 17
2,964
-350
576
194
31 Mar 17
2,927
-362
583
197
31 Dec 16
2,883
-354
585
205
30 Sep 16
2,868
-370
583
199
30 Jun 16
2,820
-1,350
567
191
31 Mar 16
2,782
-1,400
555
187
31 Dec 15
2,759
-1,394
568
184
30 Sep 15
2,588
-1,314
541
181
Quality Earnings: LNW has a large one-off loss of $263.0M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: LNW's current net profit margins (7.4%) are lower than last year (10.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LNW has become profitable over the past 5 years, growing earnings by 68.7% per year.
Accelerating Growth: LNW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LNW had negative earnings growth (-26.8%) over the past year, making it difficult to compare to the Hospitality industry average (55%).
Return on Equity
High ROE: Whilst LNW's Return on Equity (79.1%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/11 00:28
End of Day Share Price
2026/07/10 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Light & Wonder, Inc. is covered by 34 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.