Liberty Media (FWONA) Gross Margin (2017 - 2026)

Liberty Media's Gross Margin history runs 10 years deep, the most recent figure standing at 41.91% for Q1 2026.

• In Q1 2026, Gross Margin fell 4936.0% year-over-year to 41.91%; the TTM figure through Mar 2026 stood at 51.81% (up 1028.0% YoY), while the FY2025 annual figure was 38.46%, up 126.0% from the prior year.
• Gross Margin was 41.91% for Q1 2026 at Liberty Media, up from 34.0% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 108.91% in Q4 2022 to a low of 69.9% in Q1 2023.
• Historically, Gross Margin has averaged 50.32% across 5 years, with a median of 41.91% in 2025.
• The sharpest annual moves came in 2023 and 2024: Gross Margin sank 14382 bps in 2023, then soared 12237 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 108.91% in 2022, then plunged by 75 bps to 26.83% in 2023, then grew by 10 bps to 29.56% in 2024, then increased by 15 bps to 34.0% in 2025, then increased by 23 bps to 41.91% in 2026.
• The last three Gross Margin figures came in at 41.91% (Q1 2026), 34.0% (Q4 2025), and 96.96% (Q3 2025), per Business Quant data.