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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Warner Bros. Discovery (WBD) Gross Margin (2016 - 2025)

Warner Bros. Discovery (WBD) has disclosed Gross Margin for 17 consecutive years, with 44.79% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin fell 9.0% year-over-year to 44.79%, compared with a TTM value of 44.0% through Dec 2025, up 242.0%, and an annual FY2025 reading of 44.0%, up 242.0% over the prior year.
  • Gross Margin was 44.79% for Q4 2025 at Warner Bros. Discovery, down from 49.54% in the prior quarter.
  • Across five years, Gross Margin topped out at 66.52% in Q4 2021 and bottomed at 32.58% in Q2 2022.
  • Average Gross Margin over 5 years is 46.37%, with a median of 43.82% recorded in 2025.
  • The sharpest move saw Gross Margin tumbled -3296bps in 2022, then skyrocketed 584bps in 2023.
  • Year by year, Gross Margin stood at 66.52% in 2021, then tumbled by -45bps to 36.83% in 2022, then rose by 16bps to 42.67% in 2023, then increased by 5bps to 44.88% in 2024, then fell by 0bps to 44.79% in 2025.
  • Business Quant data shows Gross Margin for WBD at 44.79% in Q4 2025, 49.54% in Q3 2025, and 39.19% in Q2 2025.