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Light & Wonder vs Jack Henry & Associates: LAWIL and JKHY compared
Light & Wonder is the larger company: $824M of revenue in its latest quarter (Q3 2026) against $702M for Jack Henry & Associates (Q1 FY27). Jack Henry & Associates is growing faster (+9% against -2% a year earlier). Jack Henry & Associates is more profitable, with an operating margin of 29.5% against 29.4%.
Where the money goes: LAWIL and JKHY
Light & Wonder (LAWIL) · Q3 2026
Light & Wonder, Q3 2026: revenue $824M (-2% year over year), operating margin 29.4%, net earnings $133M, operating cash flow $236M. The chart follows the revenue to costs, profit and cash.
Jack Henry & Associates (JKHY) · Q1 FY27
Jack Henry & Associates, Q1 FY27: revenue $702M (+9% year over year), operating margin 29.5%, net earnings $160M, operating cash flow $161M. The chart follows the revenue to costs, profit and cash.
| Light & Wonder (LAWIL) | Jack Henry & Associates (JKHY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $824M | $702M |
| Revenue growth, Y/Y | -2% | +9% |
| Operating margin | 29.4% | 29.5% |
| Net earnings | $133M | $160M |
| Net margin | 16.1% | 22.9% |
| Operating cash flow | $236M | $161M |
| Free cash flow | $181M | $82.9M |
| Market value | — | $12.2B |
| P/E | — | 23.4× |
| Analysts’ mean target | — | $200.00 |
Where the revenue comes from
Light & Wonder
- Gaming: $554M (67%)
- SciPlay: $173M (21%)
- iGaming: $97.0M (12%)
Jack Henry & Associates
- Services and Support: $404M (58%)
- Cloud Services: $218M (31%)
- Product Delivery and Services: $80.1M (11%)
Questions
Which is bigger, Light & Wonder or Jack Henry & Associates?
Light & Wonder is the larger company: $824M of revenue in its latest quarter (Q3 2026) against $702M for Jack Henry & Associates (Q1 FY27).
Is Light & Wonder or Jack Henry & Associates growing faster?
Jack Henry & Associates is growing faster (+9% against -2% a year earlier).
Which is more profitable, Light & Wonder or Jack Henry & Associates?
Jack Henry & Associates is more profitable, with an operating margin of 29.5% against 29.4%.
More: Light & Wonder earnings · how Light & Wonder makes money · Jack Henry & Associates earnings · how Jack Henry & Associates makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.