Warner Bros. Discovery (WBD) Net Margin (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly Net Margin came in at 1.86% in Q2 2026, down 1433.0% on a YoY basis from 0.14% in Q2 2025, and up 105.69% quarter-over-quarter from 32.68% in Q1 2026.
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Warner Bros. Discovery (WBD) Net Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has reported Net Margin for 18 consecutive years, with 1.86% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 1433.0% year-over-year to 1.86%; the trailing twelve-month figure through Jun 2026 stood at 8.68% (down 1034.0% YoY), and the FY2025 full-year result was 2.01%, up 3121.0% from the prior year.
- Net Margin advanced to 1.86% in Q2 2026 per WBD's latest filing, from 32.68% 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.
- Historically, Net Margin has averaged 12.94% across 5 years, with a median of 5.69% in 2024.
- The sharpest annual moves came in 2024 and 2025: Net Margin sank 9146 bps in 2024, then soared 11943 bps in 2025.
- Over 5 years, Net Margin stood at 18.89% in 2022, then soared by 80 bps to 3.81% in 2023, then tumbled by 67 bps to 6.38% in 2024, then soared by 59 bps to 2.61% in 2025, then surged by 171 bps to 1.86% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 1.86%, 32.68%, and 2.61% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.72 Bn | 67.35 Bn | 4.10 Bn | 1.86% |
| 2 | Fox | 25.12 Bn | 20.92 Bn | - | 16.41% |
| 3 | Paramount Skydance | 11.97 Bn | 8.70 Bn | -2.08 Bn | - |
| 4 | Versant Media | 5.38 Bn | 3.90 Bn | 994.00 Mn | 12.83% |
| 5 | Nexstar Media | 5.15 Bn | 4.94 Bn | 1.06 Bn | 5.67% |
| 6 | Newsmax | 1.39 Bn | 1.34 Bn | 23.33 Mn | 5.30% |
| 7 | AMC Global Media | 520.06 Mn | 56.06 Mn | 258.71 Mn | -4.01% |
| 8 | Gray Media | 470.89 Mn | 294.89 Mn | 270.00 Mn | 2.50% |
| 9 | Starz Entertainment | 435.29 Mn | 333.19 Mn | - | - |
| 10 | E.W. Scripps | 296.07 Mn | 283.02 Mn | 196.33 Mn | -238.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.86% |
| 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% |