Liberty Media (FWONA) Operating Margin (2011 - 2026)
Liberty Media's Operating Margin was 9.42% in Q2 2026, down 11.46 percentage points from 20.88% a year earlier but up 0.42 percentage points from the prior quarter.
Powered by 
Analysis
Liberty Media (FWONA) Operating Margin (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Liberty Media's Operating Margin was 11.89% through Jun 30, 2026, up 2.94 percentage points year-over-year; for FY2025, it came in at 12.87%, up 5.02 percentage points from FY2024.
- Operating Margin has now increased for three consecutive years, with a five-year change of +10.98 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 7.86% in FY2024 (+0.41 pp), 7.45% in FY2023 (+2.86 pp), 4.59% in FY2022 (-12.75 pp) and 17.34% in FY2021 (+15.45 pp).
- Quarterly Operating Margin has moved between -14.99% (Q1 2025) and 22.65% (Q3 2021) over five years.
- Compared with a year earlier, Operating Margin was higher in five of the last eight quarters, with an average year-over-year change of +0.43 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2021 (a gain of 38.38 percentage points); the worst was Q1 2025 (a drop of 31.17 percentage points).
- Per Business Quant data, FWONA's Operating Margin in the three quarters before Q2 2026 was 9.00% (Q1 2026), 12.80% (Q4 2025) and 14.56% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 40.51 Bn | 9.58 Bn | 1.94 Bn | 6.81% |
| 2 | TKO Group Holdings | 34.58 Bn | 31.54 Bn | 990.96 Mn | 27.78% |
| 3 | Liberty Media | 19.43 Bn | 14.75 Bn | 329.00 Mn | 9.42% |
| 4 | Liberty Live Holdings | 8.93 Bn | 6.98 Bn | 30.26 Mn | -0.64% |
| 5 | Madison Square Garden Entertainment | 3.31 Bn | 2.50 Bn | 75.84 Mn | -4.40% |
| 6 | Amc Entertainment Holdings | 2.37 Bn | 456.31 Mn | 1.05 Bn | 14.91% |
| 7 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 12.55% |
| 8 | Marcus | 882.04 Mn | 813.63 Mn | 106.56 Mn | 11.68% |
| 9 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 11.18% |
| 10 | Nip | 31.30 Mn | -28,742.19 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.42% |
| Mar 31, 2026 | 9.00% |
| Dec 31, 2025 | 12.80% |
| Sep 30, 2025 | 14.56% |
| Jun 30, 2025 | 20.88% |
| Mar 31, 2025 | -14.99% |
| Dec 31, 2024 | 1.97% |
| Sep 30, 2024 | 12.07% |
| Jun 30, 2024 | 5.97% |
| Mar 31, 2024 | 16.18% |
| Dec 31, 2023 | 9.43% |
| Sep 30, 2023 | 10.79% |
| Jun 30, 2023 | 7.14% |
| Mar 31, 2023 | -8.01% |
| Sep 30, 2022 | 15.58% |
| Jun 30, 2022 | 17.07% |
| Mar 31, 2022 | 18.02% |
| Dec 31, 2021 | 16.12% |
| Sep 30, 2021 | 22.65% |
| Jun 30, 2021 | 21.63% |
API Access
Liberty Media Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FWONA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FWONA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FWONA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();