Warner Bros. Discovery (WBD) Net Margin (2009 - 2026)
Warner Bros. Discovery (WBD) posted Net Margin of 1.71% for Q2 2026, down 14.39 percentage points from 16.10% a year earlier but up 34.50 percentage points from the prior quarter.
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Analysis
Warner Bros. Discovery (WBD) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Warner Bros. Discovery was -8.77%, down 10.77 percentage points year-over-year; for FY2025, it was 1.95%, up 30.72 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -9.47 percentage points (FY2020 to FY2025).
- In prior years, Warner Bros. Discovery's Net Margin was -28.77% in FY2024 (-21.20 pp), -7.57% in FY2023 (+14.23 pp), -21.80% in FY2022 (-30.05 pp) and 8.25% in FY2021 (-3.17 pp).
- Quarterly Net Margin has run from a low of -102.81% in Q2 2024 to a high of 16.10% in Q2 2025 over five years.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +10.65 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q2 2025, with a gain of 118.91 percentage points; the weakest was Q2 2024, with a drop of 90.84 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -32.79% (Q1 2026), -2.66% (Q4 2025) and -1.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.50 Bn | 63.16 Bn | 4.10 Bn | 1.71% |
| 2 | Fox | 27.18 Bn | 13.09 Bn | - | 16.41% |
| 3 | Omnicom | 20.60 Bn | 3.30 Bn | 1.30 Bn | 8.91% |
| 4 | News | 16.19 Bn | 8.39 Bn | - | 7.66% |
| 5 | Paramount Skydance | 11.39 Bn | 9.31 Bn | - | - |
| 6 | New York Times | 10.30 Bn | 7.79 Bn | 394.61 Mn | 12.25% |
| 7 | Pearson | 10.14 Bn | 7.28 Bn | - | - |
| 8 | Sirius Xm Holdings | 8.74 Bn | 8.32 Bn | 1.44 Bn | 11.06% |
| 9 | 36Kr Holdings | 6.25 Bn | 6.19 Bn | - | - |
| 10 | Wpp | 5.52 Bn | -6.28 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71% |
| Mar 31, 2026 | -32.79% |
| Dec 31, 2025 | -2.66% |
| Sep 30, 2025 | -1.64% |
| Jun 30, 2025 | 16.10% |
| Mar 31, 2025 | -5.05% |
| Dec 31, 2024 | -4.93% |
| Sep 30, 2024 | 1.40% |
| Jun 30, 2024 | -102.81% |
| Mar 31, 2024 | -9.70% |
| Dec 31, 2023 | -3.89% |
| Sep 30, 2023 | -4.18% |
| Jun 30, 2023 | -11.97% |
| Mar 31, 2023 | -9.99% |
| Dec 31, 2022 | -19.09% |
| Sep 30, 2022 | -23.50% |
| Jun 30, 2022 | -34.78% |
| Mar 31, 2022 | 14.43% |
| Dec 31, 2021 | 1.19% |
| Sep 30, 2021 | 4.95% |
API Access
Warner Bros. Discovery Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "WBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();