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.

• On a quarterly basis, Gross Margin rose 589.0% year-over-year to 41.91% in Q1 2026; TTM through Mar 2026 was 87.63%, a 665.0% decrease from a year earlier, with the FY2025 full-year figure at 95.25%, up 56.0% from the prior year.
• Gross Margin slipped to 41.91% in Q1 2026 per FWONA's latest filing, from 96.71% in the prior quarter.
• Across five years, Gross Margin topped out at 209.51% in Q4 2024 and bottomed at 26.36% in Q2 2023.
• The 5-year median for Gross Margin is 52.47% (2024), against an average of 72.28%.
• Across the five-year window, Gross Margin surged 18268 bps in 2024 and sank 11281 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 126.79% in 2022, then tumbled by 79 bps to 26.83% in 2023, then jumped by 681 bps to 209.51% in 2024, then sank by 54 bps to 96.71% in 2025, then tumbled by 57 bps to 41.91% in 2026.
• Per Business Quant, the three latest FWONA Gross Margin figures stand at 41.91% (Q1 2026), 96.71% (Q4 2025), and 96.96% (Q3 2025).