Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026)
Warner Bros. Discovery (WBD) recorded FCF Margin of 6.56% in Q2 2026, down 0.59 percentage points from 7.15% a year earlier but up 11.91 percentage points from the prior quarter.
Powered by 
Analysis
Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Warner Bros. Discovery's FCF Margin came in at 6.04% as of Jun 30, 2026, down 4.54 percentage points year-over-year; for FY2025, it was 8.28%, down 2.98 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -13.62 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 11.26% in FY2024 (-3.65 pp), 14.91% in FY2023 (+5.10 pp), 9.81% in FY2022 (-10.08 pp) and 19.89% in FY2021 (-2.01 pp).
- Quarterly FCF Margin has ranged from -8.69% in Q1 2023 to 32.19% in Q4 2023 over the past five years.
- On a year-over-year basis, FCF Margin has declined for three consecutive quarters, with an average year-over-year change of -5.40 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 22.59 percentage points in Q3 2023, against a drop of 24.34 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -5.35% (Q1 2026), 14.62% (Q4 2025) and 7.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.50 Bn | 63.16 Bn | 4.10 Bn | 6.56% |
| 2 | Fox | 27.18 Bn | 13.09 Bn | - | 17.24% |
| 3 | Omnicom | 20.60 Bn | 3.30 Bn | 1.30 Bn | -6.60% |
| 4 | News | 16.19 Bn | 8.39 Bn | - | 11.81% |
| 5 | Paramount Skydance | 11.39 Bn | 9.31 Bn | - | - |
| 6 | New York Times | 10.30 Bn | 7.79 Bn | 394.61 Mn | 24.15% |
| 7 | Pearson | 10.14 Bn | 7.28 Bn | - | - |
| 8 | Sirius Xm Holdings | 8.74 Bn | 8.32 Bn | 1.44 Bn | 27.41% |
| 9 | 36Kr Holdings | 6.25 Bn | 6.19 Bn | - | - |
| 10 | Wpp | 5.52 Bn | -6.28 Bn | - | - |
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% |
API Access
Warner Bros. Discovery FCF 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=fcf-margin&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "WBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();