Liberty Media (FWONA) Operating Margin (2011 - 2026)

Liberty Media's Operating Margin history runs 16 years deep, the most recent figure standing at 9.0% for Q1 2026.

• In Q1 2026, Operating Margin rose 2399.0% year-over-year to 9.0%; the TTM figure through Mar 2026 stood at 14.92% (up 1136.0% YoY), while the FY2025 annual figure was 12.87%, up 502.0% from the prior year.
• Operating Margin was 9.0% for Q1 2026 at Liberty Media, down from 12.8% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 23.34% in Q4 2022 to a low of 14.99% in Q1 2025.
• Historically, Operating Margin has averaged 10.11% across 5 years, with a median of 12.07% in 2024.
• The sharpest annual moves came in 2024 and 2025: Operating Margin jumped 2419 bps in 2024, then sank 3117 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 23.34% in 2022, then plunged by 60 bps to 9.43% in 2023, then slumped by 79 bps to 1.97% in 2024, then surged by 550 bps to 12.8% in 2025, then dropped by 30 bps to 9.0% in 2026.
• The last three Operating Margin figures came in at 9.0% (Q1 2026), 12.8% (Q4 2025), and 14.56% (Q3 2025), per Business Quant data.