Games Workshop stock reports growth below its yearly high

Games Workshop stock was trading at GBp 17,580 on the LSE on September 24, 2026, down 0.85 percent from the previous close of GBp 17,730. The price stood 25.3 percent below its 52-week high of GBp 23,540, giving investors a clear measure of the distance to the previous peak.

Revenue rises in fiscal 2026

The company reported fiscal 2026 revenue of GBP 659.7 million, an increase of 10.9 percent, while operating profit rose 5.3 percent to GBP 275.0 million. The figures were reported in September coverage of the company update by Investing.com.

Core gross margin increased from 69.5 percent to 71.1 percent, and earnings per share advanced from 594.9 pence to 624.0 pence. That combination points to improved profitability in the main business even as total operating profit grew more slowly than revenue.

Licensing creates the key contrast

Licensing revenue fell 37 percent from GBP 52.5 million to GBP 32.9 million in fiscal 2026, according to Investing.com. The decline followed a prior period that benefited from a one-time product release effect, making the licensing comparison more demanding.

Games Workshop also declared an additional GBp 70 dividend for fiscal 2027. AJ Bell reported that declared dividends for fiscal 2027 had reached GBP 3.00 per share, compared with GBP 2.25 for all of fiscal 2026.

Stock remains below yearly high

The market snapshot puts Games Workshop at a market capitalization of GBP 5,809,283,048 and a 52-week range of GBp 14,070 to GBp 23,540 on September 24, 2026. Trading volume stood at 3,794 shares against an average volume of 100,187.

The valuation picture therefore combines higher core profitability with a share price well below its yearly high. For investors, the decisive comparison is between 10.9 percent group revenue growth, the 37 percent licensing decline and the 25.3 percent gap to the 52-week high.

Trading snapshot stays measured

Games Workshop stock was trading at GBp 17,580 on September 24, 2026, on the LSE, with the daily change at minus 0.85 percent. The company remains represented by ticker GAW, while its latest reported fiscal year ended in May 2026.