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

Warner Bros. Discovery has reported Invested Capital for 18 years, with the latest figure at $66.2 billion in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital fell 8.82% year-over-year to $66.2 billion; the trailing twelve-month figure through Mar 2026 stood at $66.2 billion (down 8.82% YoY), and the FY2025 full-year result was $68.5 billion, down 7.87% from the prior year.
• Invested Capital for Q1 2026 stood at $66.2 billion, down from $68.5 billion in the prior quarter.
• The five-year high for Invested Capital was $105.1 billion in Q2 2022, with the low at $27.6 billion in Q1 2022.
• Historically, Invested Capital has averaged $80.3 billion across 5 years, with a median of $76.3 billion in 2024.
• Annual changes were most pronounced in 2022 — Invested Capital soared 275.4% — and 2024, when it retreated 18.67%.
• Warner Bros. Discovery's Invested Capital stood at $97.3 billion in 2022, then dropped by 7.57% to $90.0 billion in 2023, then decreased by 17.38% to $74.3 billion in 2024, then dropped by 7.87% to $68.5 billion in 2025, then slipped by 3.38% to $66.2 billion in 2026.
• The last three Invested Capital figures came in at $66.2 billion (Q1 2026), $68.5 billion (Q4 2025), and $70.8 billion (Q3 2025), per Business Quant data.