Warner Bros. Discovery (WBD) Tax Rate (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly Tax Rate came in at 6.86% in Q1 2026, up 1032.0% YoY from 0.61% in Q1 2025, and down 82.62% on a QoQ basis from 39.46% in Q4 2025.
Warner Bros. Discovery (WBD) Tax Rate (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has 18 years of Tax Rate data on file, last reported at 6.86% in Q1 2026.
- Quarterly Tax Rate rose 1032.0% year-over-year to 6.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 63.13% (down 6338.0% YoY) and the FY2025 annual result came in at 54.3%, up 5513.0% from the prior year.
- Tax Rate eased to 6.86% in Q1 2026, from 39.46% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 629.63% in Q3 2025 to a low of 79.78% in Q4 2024.
- A 5-year average of 57.04% and a median of 19.7% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate slumped 11583 bps — and 2025, when it soared 45042 bps.
- Tracing WBD's Tax Rate over 5 years: stood at 18.18% in 2022, then surged by 98 bps to 36.05% in 2023, then sank by 321 bps to 79.78% in 2024, then surged by 149 bps to 39.46% in 2025, then slumped by 83 bps to 6.86% in 2026.
- The last three Tax Rate figures came in at 6.86% (Q1 2026), 39.46% (Q4 2025), and 629.63% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 16.40% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 21.98% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 159.78% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 22.31% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 24.43% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 75.76% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 3.07% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 17.27% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 14.72% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 24.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 159.78% |
| Jun 30, 2026 | 159.78% |
| Jun 30, 2026 | 159.78% |
| Mar 31, 2026 | 6.86% |
| Mar 31, 2026 | 6.86% |
| Mar 31, 2026 | 6.86% |
| Dec 31, 2025 | 39.46% |
| Dec 31, 2025 | 39.46% |
| Dec 31, 2025 | 39.46% |
| Sep 30, 2025 | 629.63% |
| Sep 30, 2025 | 629.63% |
| Sep 30, 2025 | 629.63% |
| Jun 30, 2025 | 35.29% |
| Jun 30, 2025 | 35.29% |
| Jun 30, 2025 | 35.29% |
| Mar 31, 2025 | -3.46% |
| Mar 31, 2025 | -3.46% |
| Mar 31, 2025 | -3.46% |
| Dec 31, 2024 | -79.78% |
| Dec 31, 2024 | -79.78% |