Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly FCF Margin came in at 6.56% in Q2 2026, down 59.0% on a YoY basis from 16.0% in Q2 2025, and up 222.59% quarter-over-quarter from 5.35% in Q1 2026.
Powered by 
Analysis
Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has reported FCF Margin for 18 consecutive years, with 6.56% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 59.0% year-over-year to 6.56%; the trailing twelve-month figure through Jun 2026 stood at 6.04% (down 454.0% YoY), and the FY2025 full-year result was 8.28%, down 298.0% from the prior year.
- FCF Margin rose to 6.56% in Q2 2026 per WBD's latest filing, from 5.35% in the prior quarter.
- Across five years, FCF Margin topped out at 32.19% in Q4 2023 and bottomed at 8.69% in Q1 2023.
- Historically, FCF Margin has averaged 9.76% across 5 years, with a median of 7.64% in 2025.
- The sharpest annual moves came in 2022 and 2023: FCF Margin sank 2434 bps in 2022, then soared 2259 bps in 2023.
- Over 5 years, FCF Margin stood at 22.55% in 2022, then soared by 43 bps to 32.19% in 2023, then slipped by 25 bps to 24.22% in 2024, then sank by 40 bps to 14.62% in 2025, then slumped by 55 bps to 6.56% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 6.56%, 5.35%, and 14.62% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.72 Bn | 67.35 Bn | 4.10 Bn | 6.56% |
| 2 | Fox | 25.12 Bn | 20.92 Bn | - | 17.24% |
| 3 | Paramount Skydance | 11.97 Bn | 8.70 Bn | -2.08 Bn | - |
| 4 | Versant Media | 5.38 Bn | 3.90 Bn | 994.00 Mn | - |
| 5 | Nexstar Media | 5.15 Bn | 4.94 Bn | 1.06 Bn | 12.69% |
| 6 | Newsmax | 1.39 Bn | 1.34 Bn | 23.33 Mn | - |
| 7 | AMC Global Media | 520.06 Mn | 56.06 Mn | 258.71 Mn | 7.90% |
| 8 | Gray Media | 470.89 Mn | 294.89 Mn | 270.00 Mn | 12.63% |
| 9 | Starz Entertainment | 435.29 Mn | 333.19 Mn | - | - |
| 10 | E.W. Scripps | 296.07 Mn | 283.02 Mn | 196.33 Mn | -0.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.56% |
| Mar 31, 2026 | -5.35% |
| Dec 31, 2025 | 14.62% |
| Sep 30, 2025 | 7.75% |
| Jun 30, 2025 | 7.15% |
| Mar 31, 2025 | 3.36% |
| Dec 31, 2024 | 24.22% |
| Sep 30, 2024 | 6.57% |
| Jun 30, 2024 | 10.05% |
| Mar 31, 2024 | 3.92% |
| Dec 31, 2023 | 32.19% |
| Sep 30, 2023 | 20.63% |
| Jun 30, 2023 | 16.62% |
| Mar 31, 2023 | -8.69% |
| Dec 31, 2022 | 22.55% |
| Sep 30, 2022 | -1.95% |
| Jun 30, 2022 | 8.03% |
| Mar 31, 2022 | 7.53% |
| Dec 31, 2021 | 24.60% |
| Sep 30, 2021 | 22.38% |