LNWO (Light & Wonder) Total Operating Expense: $1,565 Mil (TTM As of Mar. 2026)


LNWO Light & Wonder Inc LNWO
77 GF Score
Price $71.28
GF Value $112.16
Valuation Possible Value Trap
! 4 Warning Signs
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What is Light & Wonder Total Operating Expense?

Light & Wonder LNWO -3.01% 77 Total Operating Expense is $1,565 Mil as of Mar. 2026. GuruFocus rates LNWO with a GF Score™ of 77/100 and a GF Value™ of $112.16 (Possible Value Trap). The stock has 4 warning signs investors should review.

Light & Wonder's Total Operating Expense for the three months ended in Mar. 2026 was $412 Mil. Light & Wonder's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $1,565 Mil.

Light & Wonder Total Operating Expense Related Terms

Light & Wonder Total Operating Expense Historical Data

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The historical data trend for Light & Wonder's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Light & Wonder Total Operating Expense Chart

Light & Wonder Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,267.00 1,355.00 1,420.00 1,495.00 1,527.00

Light & Wonder Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 373.00 371.00 389.00 393.00 412.00
LNWO
77GF Score
Light & Wonder Inc LNWO
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Light & Wonder Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,565 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $1,565 Mil mean?
Light & Wonder (LNWO) has a Total Operating Expense of $1,565 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Light & Wonder and its competitors.
Is Light & Wonder's Total Operating Expense too high?
Light & Wonder's current Total Operating Expense is $1,565 Mil. Overall, Light & Wonder has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Light & Wonder's Total Operating Expense compare to CHDN and SGHC?
Light & Wonder's Total Operating Expense of $1,565 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Travel & Leisure company?
A good Total Operating Expense depends on the Travel & Leisure industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Light & Wonder and its competitors. Light & Wonder's current Total Operating Expense is $1,565 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Light & Wonder stock overvalued right now?
Based on GuruFocus' analysis, Light & Wonder (LNWO) is currently considered Possible Value Trap. The stock's GF Value™ is $112.16, compared to a current price of $71.28 — trading 36.4% below its estimated fair value. The current Total Operating Expense is $1,565 Mil. Light & Wonder's overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Light & Wonder (LNWO), the current Total Operating Expense is $1,565 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Light & Wonder (LNWO) Overvalued in 2026?

Based on GuruFocus' analysis, Light & Wonder stock appears to be undervalued. The current stock price of $71.28 is trading 36.4% below its estimated GF Value™ of $112.16. GuruFocus considers Light & Wonder to be Possible Value Trap.

Key valuation signals for LNWO:

  • Total Operating Expense: $1,565 Mil
  • GF Value™: $112.16 vs. price of $71.28 (36.4% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the LNWO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Light & Wonder Business Description

Other Exchanges TJW:GermanyLNW:Australia
Address 6601 Bermuda Road, Las Vegas, NV, USA, 89119
Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
77GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$71.28
Price
$112.16
GF Value