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

Warner Bros. Discovery's Operating Expenses history runs 18 years deep, the most recent figure standing at $11.4 billion for Q1 2026.

• Quarterly Operating Expenses rose 26.02% year-over-year to $11.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $38.9 billion (down 19.19% YoY) and the FY2025 annual result came in at $36.6 billion, down 25.93% from the prior year.
• Operating Expenses was $11.4 billion for Q1 2026 at Warner Bros. Discovery, up from $9.1 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.
• A 5-year average of $10.7 billion and a median of $10.2 billion in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 489.84% — and 2025, when it slumped 49.82%.
• Warner Bros. Discovery's 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 advanced by 24.71% to $11.4 billion in 2026.
• Business Quant data shows WBD's Operating Expenses at $11.4 billion in Q1 2026, $9.1 billion in Q4 2025, and $8.4 billion in Q3 2025.