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

Warner Bros. Discovery (WBD) has reported Invested Capital for 18 consecutive years, with $67.5 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Invested Capital fell 6.46% year-over-year to $67.5 billion; the trailing twelve-month figure through Jun 2026 stood at $67.5 billion (down 6.46% YoY), and the FY2025 full-year result was $69.9 billion, down 9.38% from the prior year.
• Invested Capital was little changed at $67.5 billion in Q2 2026 per WBD's latest filing, from $67.7 billion in the prior quarter.
• Across five years, Invested Capital topped out at $106.2 billion in Q2 2022 and bottomed at $28.4 billion in Q1 2022.
• Historically, Invested Capital has averaged $81.4 billion across 5 years, with a median of $79.6 billion in 2024.
• The sharpest annual moves came in 2022 and 2024: Invested Capital surged 271.55% in 2022, then declined 17.4% in 2024.
• Over 5 years, Invested Capital stood at $97.7 billion in 2022, then decreased by 6.1% to $91.8 billion in 2023, then dropped by 15.99% to $77.1 billion in 2024, then decreased by 9.38% to $69.9 billion in 2025, then declined by 3.35% to $67.5 billion in 2026.
• According to Business Quant data, Invested Capital over the past three periods registered $67.5 billion, $67.7 billion, and $69.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.