Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026)

Warner Bros. Discovery's FCF Margin history runs 18 years deep, the most recent figure standing at 5.35% for Q1 2026.

• Quarterly FCF Margin fell 872.0% year-over-year to 5.35% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.21% (down 511.0% YoY) and the FY2025 annual result came in at 8.28%, down 298.0% from the prior year.
• FCF Margin was 5.35% for Q1 2026 at Warner Bros. Discovery, down from 14.62% 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.
• A 5-year average of 9.95% and a median of 7.75% in 2025 frame the typical range for FCF Margin.
• Annual changes were most pronounced in 2022 — FCF Margin tumbled 2434 bps — and 2023, when it surged 2259 bps.
• Warner Bros. Discovery's 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 sank by 137 bps to 5.35% in 2026.
• Business Quant data shows WBD's FCF Margin at 5.35% in Q1 2026, 14.62% in Q4 2025, and 7.75% in Q3 2025.