Warner Bros. Discovery (WBD) Net Margin (2009 - 2026)

Warner Bros. Discovery has reported Net Margin for 17 years, with the latest figure 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.
• The five-year high for Net Margin was 16.18% in Q2 2025, with the low at 103.24% in Q2 2024.
• Historically, Net Margin has averaged 13.81% across 5 years, with a median of 6.38% in 2024.
• Annual changes were most pronounced in 2024 — Net Margin plunged 9146 bps — and 2025, when it surged 11943 bps.
• Warner Bros. Discovery's Net Margin 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.