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

Warner Bros. Discovery has reported Gross Margin for 18 years, with the latest figure at 47.79% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 493.0% year-over-year to 47.79%; the trailing twelve-month figure through Mar 2026 stood at 45.18% (up 267.0% YoY), and the FY2025 full-year result was 44.0%, up 242.0% from the prior year.
• Gross Margin for Q1 2026 stood at 47.79%, up from 44.79% in the prior quarter.
• The five-year high for Gross Margin was 60.87% in Q1 2022, with the low at 32.58% in Q2 2022.
• Historically, Gross Margin has averaged 42.73% across 5 years, with a median of 42.72% in 2022.
• Annual changes were most pronounced in 2022 — Gross Margin tumbled 3296 bps — and 2023, when it soared 584 bps.
• Warner Bros. Discovery's Gross Margin stood at 36.83% in 2022, then gained by 16 bps to 42.67% in 2023, then climbed by 5 bps to 44.88% in 2024, then retreated by 0 bps to 44.79% in 2025, then increased by 7 bps to 47.79% in 2026.
• The last three Gross Margin figures came in at 47.79% (Q1 2026), 44.79% (Q4 2025), and 49.54% (Q3 2025), per Business Quant data.