Warner Bros. Discovery (WBD) Tax Rate (2009 - 2026)

Warner Bros. Discovery (WBD) posted Tax Rate of 6.86% for Q1 2026, down 82.62% on a QoQ basis from 39.46% in Q4 2025, and up 1032.0% year-over-year from 0.61% in Q1 2025.

Warner Bros. Discovery (WBD) Tax Rate (2009 - 2026) Analysis & Trends

Warner Bros. Discovery's Tax Rate history runs 18 years deep, the most recent figure standing at 6.86% for 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 was 6.86% for Q1 2026 at Warner Bros. Discovery, down from 39.46% in the prior quarter.
  • Across five years, Tax Rate topped out at 629.63% in Q3 2025 and bottomed at 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 sank 11583 bps — and 2025, when it soared 45042 bps.
  • Warner Bros. Discovery's Tax Rate stood at 18.18% in 2022, then jumped by 98 bps to 36.05% in 2023, then tumbled by 321 bps to 79.78% in 2024, then jumped by 149 bps to 39.46% in 2025, then plunged by 83 bps to 6.86% in 2026.
  • Business Quant data shows WBD's Tax Rate at 6.86% in Q1 2026, 39.46% in Q4 2025, and 629.63% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Netflix 286.85 Bn 277.73 Bn 6.52 Bn 16.40%
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn 26.79%
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn 6.86%
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn 7.79%
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn 8.62%
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn 3.32%
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 Mn 12.05%
8 Fox 20.85 Bn 17.36 Bn - 25.85%
9 News 16.48 Bn 15.01 Bn - 35.98%
10 Sirius Xm Holdings 10.04 Bn 9.96 Bn 2.09 Bn 24.85%

Historic Data

Download Data
DateValue
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%
Dec 31, 2024 -79.78%
Sep 30, 2024 179.21%
Sep 30, 2024 179.21%