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Warner Bros. Discovery (WBD) Operating Margin (2016 - 2025)

Warner Bros. Discovery's Operating Margin history spans 17 years, with the latest figure at 3.69% for Q4 2025.

  • For Q4 2025, Operating Margin rose 207.0% year-over-year to 3.69%; the TTM value through Dec 2025 reached 1.98%, up 2749.0%, while the annual FY2025 figure was 1.98%, 2749.0% up from the prior year.
  • Operating Margin reached 3.69% in Q4 2025 per WBD's latest filing, down from 6.76% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 25.44% in Q2 2021 to a low of 105.1% in Q2 2024.
  • Average Operating Margin over 5 years is 5.46%, with a median of 0.28% recorded in 2023.
  • Peak YoY movement for Operating Margin: crashed -9635bps in 2024, then soared 10321bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 15.94% in 2021, then tumbled by -208bps to 17.21% in 2022, then soared by 90bps to 1.77% in 2023, then surged by 191bps to 1.62% in 2024, then surged by 128bps to 3.69% in 2025.
  • Per Business Quant, the three most recent readings for WBD's Operating Margin are 3.69% (Q4 2025), 6.76% (Q3 2025), and 1.89% (Q2 2025).