Warner Bros. Discovery (WBD) Net Margin (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly Net Margin came in at 32.68% in Q1 2026, down 2768.0% YoY from 1.22% in Q1 2025, and down 1151.53% on a QoQ basis from 2.61% in Q4 2025.
Warner Bros. Discovery (WBD) Net Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has 17 years of Net Margin data on file, last reported at 32.68% in Q1 2026.
- Quarterly Net Margin fell 2768.0% year-over-year to 32.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.59% (up 2404.0% YoY) and the FY2025 annual result came in at 2.01%, up 3121.0% from the prior year.
- Net Margin eased to 32.68% in Q1 2026, from 2.61% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 16.18% in Q2 2025 to a low of 103.24% in Q2 2024.
- A 5-year average of 13.81% and a median of 6.38% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin plunged 9146 bps — and 2025, when it surged 11943 bps.
- Tracing WBD's Net Margin over 5 years: stood at 18.89% in 2022, then jumped by 80 bps to 3.81% in 2023, then sank by 67 bps to 6.38% in 2024, then jumped by 59 bps to 2.61% in 2025, then tumbled 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 27.08% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 11.26% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 1.86% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 3.23% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 16.41% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 0.86% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 12.12% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 19.93% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 14.17% |
Historic Data
Download 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% |