Warner Bros. Discovery (WBD) Invested Capital (2009 - 2026)
Warner Bros. Discovery's Invested Capital came in at $66.02 billion for Q2 2026, down 8.3% from $71.96 billion a year earlier and down 0.2% from the prior quarter.
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Analysis
Warner Bros. Discovery (WBD) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Warner Bros. Discovery's Invested Capital was $69.71 billion, down 6.2% from FY2024.
- Invested Capital has declined in each of the last three years, though with a five-year compound annual growth rate of 20.5% (FY2020 to FY2025).
- Going back by year, Invested Capital was $74.33 billion in FY2024 (-17.4%), $89.98 billion in FY2023 (-7.6%), $97.35 billion in FY2022 (+250.3%) and $27.79 billion in FY2021 (+1.4%).
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q1 2022.
- Year-over-year, Invested Capital has declined for 13 consecutive quarters, with an average decline of 10.8% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q2 2022 (growth of 275.4%), and the weakest in Q2 2024 (a decline of 18.7%).
- Business Quant data shows WBD's Invested Capital at $66.17 billion (Q1 2026), $69.71 billion (Q4 2025) and $70.8 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.62 Bn | 63.29 Bn | 4.10 Bn | 66.02 Bn |
| 2 | Fox | 27.00 Bn | 12.91 Bn | - | 18.33 Bn |
| 3 | Omnicom | 20.21 Bn | 2.90 Bn | 1.30 Bn | 20.27 Bn |
| 4 | News | 15.94 Bn | 8.14 Bn | - | 11.23 Bn |
| 5 | Paramount Skydance | 11.45 Bn | 9.37 Bn | - | 26.55 Bn |
| 6 | New York Times | 10.22 Bn | 7.71 Bn | 394.61 Mn | - |
| 7 | Pearson | 10.20 Bn | 7.34 Bn | - | 2.89 Bn |
| 8 | Sirius Xm Holdings | 8.72 Bn | 8.30 Bn | 1.44 Bn | 21.36 Bn |
| 9 | 36Kr Holdings | 5.91 Bn | 5.85 Bn | - | 22.60 Mn |
| 10 | Wpp | 5.33 Bn | -6.48 Bn | - | 3.74 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 66.02 Bn |
| Mar 31, 2026 | 66.17 Bn |
| Dec 31, 2025 | 69.71 Bn |
| Sep 30, 2025 | 70.80 Bn |
| Jun 30, 2025 | 71.96 Bn |
| Mar 31, 2025 | 72.57 Bn |
| Dec 31, 2024 | 74.33 Bn |
| Sep 30, 2024 | 76.27 Bn |
| Jun 30, 2024 | 76.26 Bn |
| Mar 31, 2024 | 87.69 Bn |
| Dec 31, 2023 | 89.98 Bn |
| Sep 30, 2023 | 90.66 Bn |
| Jun 30, 2023 | 93.76 Bn |
| Mar 31, 2023 | 96.46 Bn |
| Dec 31, 2022 | 97.35 Bn |
| Sep 30, 2022 | 99.63 Bn |
| Jun 30, 2022 | 105.10 Bn |
| Mar 31, 2022 | 27.63 Bn |
| Dec 31, 2021 | 27.79 Bn |
| Sep 30, 2021 | 27.83 Bn |
API Access
Warner Bros. Discovery Invested Capital 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=invested-capital&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();