Warner Bros. Discovery (WBD) Operating Expenses (2009 - 2026)

Warner Bros. Discovery (WBD) has reported Operating Expenses for 18 consecutive years, with $8.5 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses fell 15.17% year-over-year to $8.5 billion; the trailing twelve-month figure through Jun 2026 stood at $37.4 billion (down 2.18% YoY), and the FY2025 full-year result was $36.6 billion, down 25.93% from the prior year.
• Operating Expenses declined to $8.5 billion in Q2 2026 per WBD's latest filing, from $11.4 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $19.9 billion in Q2 2024 and bottomed at $2.8 billion in Q1 2022.
• Historically, Operating Expenses has averaged $10.5 billion across 5 years, with a median of $10.1 billion in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 489.84% in 2022, then plunged 49.82% in 2025.
• Over 5 years, Operating Expenses stood at $12.9 billion in 2022, then fell by 18.88% to $10.5 billion in 2023, then retreated by 5.74% to $9.9 billion in 2024, then dropped by 7.64% to $9.1 billion in 2025, then decreased by 6.93% to $8.5 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $8.5 billion, $11.4 billion, and $9.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.