Warner Bros. Discovery (WBD) Net Margin (2009 - 2026)
Warner Bros. Discovery posted quarterly Net Margin of 32.68% for Q1 2026, down 2768.0% year-on-year from 1.22% in Q1 2025, and down 1151.53% on a QoQ basis from 2.61% in Q4 2025.
Warner Bros. Discovery (WBD) has 17 years of Net Margin data on file, last reported at 32.68% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 2768.0% year-over-year to 32.68%; the trailing twelve-month figure through Mar 2026 stood at 4.59% (up 2404.0% YoY), and the FY2025 full-year result was 2.01%, up 3121.0% from the prior year.
- Net Margin for Q1 2026 stood at 32.68%, down from 2.61% in the prior quarter.
- Across five years, Net Margin topped out at 16.18% in Q2 2025 and bottomed at 103.24% in Q2 2024.
- The 5-year median for Net Margin is 6.38% (2024), against an average of 13.81%.
- The widest annual swing landed in 2024, when Net Margin slumped 9146 bps; it then surged 11943 bps in 2025.
- A 5-year view of Net Margin shows it stood at 18.89% in 2022, then surged by 80 bps to 3.81% in 2023, then plunged by 67 bps to 6.38% in 2024, then surged by 59 bps to 2.61% in 2025, then slumped by 1152 bps to 32.68% in 2026.
- The last three Net Margin figures came in at 32.68% (Q1 2026), 2.61% (Q4 2025), and 1.58% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 43.13% |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 9.79% |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -32.68% |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | -11.35% |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 4.16% |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 7.45% |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 6.87% |
| 8 | News | 16.98 Bn | 15.50 Bn | - | - |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 15.54% |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | -198.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -32.68% |
| Dec 31, 2025 | -2.61% |
| Sep 30, 2025 | -1.58% |
| Jun 30, 2025 | 16.18% |
| Mar 31, 2025 | -5.00% |
| Dec 31, 2024 | -6.38% |
| Sep 30, 2024 | 1.47% |
| Jun 30, 2024 | -103.24% |
| Mar 31, 2024 | -9.59% |
| Dec 31, 2023 | -3.81% |
| Sep 30, 2023 | -4.08% |
| Jun 30, 2023 | -11.78% |
| Mar 31, 2023 | -9.91% |
| Dec 31, 2022 | -18.89% |
| Sep 30, 2022 | -23.26% |
| Jun 30, 2022 | -34.68% |
| Mar 31, 2022 | 15.04% |
| Dec 31, 2021 | 2.86% |
| Sep 30, 2021 | 6.25% |
| Jun 30, 2021 | 23.45% |
| Mar 31, 2021 | 6.84% |
| Dec 31, 2020 | 11.02% |
| Sep 30, 2020 | 12.89% |
| Jun 30, 2020 | 11.81% |
| Mar 31, 2020 | 15.17% |
| Dec 31, 2019 | 17.78% |
| Sep 30, 2019 | 11.09% |
| Jun 30, 2019 | 34.21% |
| Mar 31, 2019 | 15.44% |
| Dec 31, 2018 | 10.64% |
| Sep 30, 2018 | 5.21% |
| Jun 30, 2018 | 8.58% |
| Mar 31, 2018 | 0.13% |
| Dec 31, 2017 | -61.00% |
| Sep 30, 2017 | 13.51% |
| Jun 30, 2017 | 21.78% |
| Mar 31, 2017 | 13.70% |
| Dec 31, 2016 | 18.48% |
| Sep 30, 2016 | 14.46% |
| Jun 30, 2016 | 24.30% |
| Mar 31, 2016 | 17.23% |
| Dec 31, 2015 | 13.73% |
| Sep 30, 2015 | 18.18% |
| Jun 30, 2015 | 17.47% |
| Mar 31, 2015 | 12.36% |
| Dec 31, 2014 | 14.02% |
| Sep 30, 2014 | 18.30% |
| Jun 30, 2014 | 23.85% |
| Mar 31, 2014 | 16.37% |
| Dec 31, 2012 | 18.67% |
| Sep 30, 2012 | 19.05% |
| Jun 30, 2012 | 26.02% |
| Mar 31, 2012 | 20.37% |
| Dec 31, 2011 | 30.38% |
| Sep 30, 2011 | 21.94% |
| Jun 30, 2011 | 24.24% |
| Mar 31, 2011 | 32.66% |
| Dec 31, 2010 | 18.82% |
| Sep 30, 2010 | 20.09% |
| Jun 30, 2010 | 11.01% |
| Mar 31, 2010 | 19.45% |
| Dec 31, 2009 | -12.80% |
| Sep 30, 2009 | 11.12% |
| Jun 30, 2009 | 20.09% |
| Mar 31, 2009 | 15.09% |