Warner Bros. Discovery (WBD) Invested Capital (2009 - 2026)

Warner Bros. Discovery's Invested Capital history runs 18 years deep, the most recent figure standing at $1.5 billion for Q1 2026.

• Quarterly Invested Capital fell 46.28% year-over-year to $1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (down 83.72% YoY) and the FY2025 annual result came in at $139.0 million, down 94.94% from the prior year.
• Invested Capital was $1.5 billion for Q1 2026 at Warner Bros. Discovery, up from $139.0 million in the prior quarter.
• Across five years, Invested Capital topped out at $3.7 billion in Q2 2024 and bottomed at $139.0 million in Q3 2025.
• A 5-year average of $1.8 billion and a median of $1.5 billion in 2026 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2023 — Invested Capital jumped 387.67% — and 2025, when it slumped 95.43%.
• Warner Bros. Discovery's Invested Capital stood at $365.0 million in 2022, then soared by 387.67% to $1.8 billion in 2023, then surged by 54.38% to $2.7 billion in 2024, then plunged by 94.94% to $139.0 million in 2025, then soared by 974.1% to $1.5 billion in 2026.
• Business Quant data shows WBD's Invested Capital at $1.5 billion in Q1 2026, $139.0 million in Q4 2025, and $139.0 million in Q3 2025.