Warner Bros. Discovery (WBD) EBIT Margin (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly EBIT Margin came in at 2.72% in Q2 2026, up 460.0% on a YoY basis from 0.49% in Q2 2025, and up 109.79% quarter-over-quarter from 27.76% in Q1 2026.
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Warner Bros. Discovery (WBD) EBIT Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has reported EBIT Margin for 18 consecutive years, with 2.72% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBIT Margin rose 460.0% year-over-year to 2.72%; the trailing twelve-month figure through Jun 2026 stood at 3.52% (down 410.0% YoY), and the FY2025 full-year result was 1.98%, up 2749.0% from the prior year.
- EBIT Margin rose to 2.72% in Q2 2026 per WBD's latest filing, from 27.76% in the prior quarter.
- Across five years, EBIT Margin topped out at 11.17% in Q1 2022 and bottomed at 105.1% in Q2 2024.
- Historically, EBIT Margin has averaged 11.12% across 5 years, with a median of 1.83% in 2025.
- The sharpest annual moves came in 2024 and 2025: EBIT Margin tumbled 9635 bps in 2024, then soared 10321 bps in 2025.
- Over 5 years, EBIT Margin stood at 17.21% in 2022, then soared by 90 bps to 1.77% in 2023, then surged by 191 bps to 1.62% in 2024, then surged by 128 bps to 3.69% in 2025, then slipped by 26 bps to 2.72% in 2026.
- According to Business Quant data, EBIT Margin over the past three periods registered 2.72%, 27.76%, and 3.69% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.72 Bn | 67.35 Bn | 4.10 Bn | 2.72% |
| 2 | Fox | 25.12 Bn | 20.92 Bn | - | 21.87% |
| 3 | Paramount Skydance | 11.97 Bn | 8.70 Bn | -2.08 Bn | - |
| 4 | Versant Media | 5.38 Bn | 3.90 Bn | 994.00 Mn | 22.32% |
| 5 | Nexstar Media | 5.15 Bn | 4.94 Bn | 1.06 Bn | 18.16% |
| 6 | Newsmax | 1.39 Bn | 1.34 Bn | 23.33 Mn | 2.41% |
| 7 | AMC Global Media | 520.06 Mn | 56.06 Mn | 258.71 Mn | 2.90% |
| 8 | Gray Media | 470.89 Mn | 294.89 Mn | 270.00 Mn | 16.21% |
| 9 | Starz Entertainment | 435.29 Mn | 333.19 Mn | - | - |
| 10 | E.W. Scripps | 296.07 Mn | 283.02 Mn | 196.33 Mn | -236.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.72% |
| Mar 31, 2026 | -27.76% |
| Dec 31, 2025 | 3.69% |
| Sep 30, 2025 | 6.76% |
| Jun 30, 2025 | -1.89% |
| Mar 31, 2025 | -0.41% |
| Dec 31, 2024 | 1.62% |
| Sep 30, 2024 | 2.92% |
| Jun 30, 2024 | -105.10% |
| Mar 31, 2024 | -2.68% |
| Dec 31, 2023 | -1.77% |
| Sep 30, 2023 | 0.97% |
| Jun 30, 2023 | -8.75% |
| Mar 31, 2023 | -5.21% |
| Dec 31, 2022 | -17.21% |
| Sep 30, 2022 | -22.29% |
| Jun 30, 2022 | -37.03% |
| Mar 31, 2022 | 11.17% |
| Dec 31, 2021 | 15.94% |
| Sep 30, 2021 | 10.44% |