KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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's Gross Margin history spans 17 years, with the latest figure at 44.79% for Q4 2025.

  • For Q4 2025, Gross Margin fell 9.0% year-over-year to 44.79%; the TTM value through Dec 2025 reached 44.0%, up 242.0%, while the annual FY2025 figure was 44.0%, 242.0% up from the prior year.
  • Gross Margin reached 44.79% in Q4 2025 per WBD's latest filing, down from 49.54% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 66.52% in Q4 2021 to a low of 32.58% in Q2 2022.
  • Average Gross Margin over 5 years is 46.37%, with a median of 43.82% recorded in 2025.
  • Peak YoY movement for Gross Margin: tumbled -3296bps in 2022, then skyrocketed 584bps in 2023.
  • A 5-year view of Gross Margin shows it 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.
  • Per Business Quant, the three most recent readings for WBD's Gross Margin are 44.79% (Q4 2025), 49.54% (Q3 2025), and 39.19% (Q2 2025).