Warner Bros. Discovery (WBD) Tax Rate (2009 - 2026)
Warner Bros. Discovery (WBD) reported Tax Rate of 6.86% for Q1 2026, up 1032.0% on a YoY basis from 0.61% in Q1 2025, and down 82.62% quarter-over-quarter from 39.46% in Q4 2025.
Warner Bros. Discovery (WBD) Tax Rate (2009 - 2026) Analysis & Trends
Warner Bros. Discovery has reported Tax Rate for 18 years, with the latest figure at 6.86% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 1032.0% year-over-year to 6.86%; the trailing twelve-month figure through Mar 2026 stood at 63.13% (down 6338.0% YoY), and the FY2025 full-year result was 54.3%, up 5513.0% from the prior year.
- Tax Rate for Q1 2026 stood at 6.86%, down from 39.46% in the prior quarter.
- The five-year high for Tax Rate was 629.63% in Q3 2025, with the low at 79.78% in Q4 2024.
- Historically, Tax Rate has averaged 57.04% across 5 years, with a median of 19.7% in 2022.
- Annual changes were most pronounced in 2024 — Tax Rate slumped 11583 bps — and 2025, when it soared 45042 bps.
- Warner Bros. Discovery's Tax Rate 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 327.69 Bn | 315.40 Bn | 11.41 Bn | 19.31 |
| 2 | Walt Disney | 184.70 Bn | 191.31 Bn | 23.68 Bn | 26.79 |
| 3 | Warner Bros. Discovery | 65.23 Bn | 63.09 Bn | 4.25 Bn | 6.86 |
| 4 | Brera Holdings | 53.07 Bn | 53.07 Bn | - | - |
| 5 | Live Nation Entertainment | 39.71 Bn | 31.25 Bn | 1.31 Bn | 7.79 |
| 6 | Liberty Media | 21.13 Bn | 21.80 Bn | 298.00 Mn | 8.62 |
| 7 | Fox | 20.41 Bn | 16.92 Bn | - | 25.85 |
| 8 | Roku | 20.39 Bn | 18.01 Bn | 564.94 Mn | 3.27 |
| 9 | News | 15.92 Bn | 14.45 Bn | - | 35.98 |
| 10 | TKO Group Holdings | 15.40 Bn | 13.70 Bn | 862.52 Mn | 12.04 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.86% |
| Mar 31, 2026 | 6.86% |
| Dec 31, 2025 | 39.46% |
| Dec 31, 2025 | 39.46% |
| Sep 30, 2025 | 629.63% |
| Sep 30, 2025 | 629.63% |
| Jun 30, 2025 | 35.29% |
| Jun 30, 2025 | 35.29% |
| Mar 31, 2025 | -3.46% |
| Mar 31, 2025 | -3.46% |
| Dec 31, 2024 | -79.78% |
| Dec 31, 2024 | -79.78% |
| Sep 30, 2024 | 179.21% |
| Sep 30, 2024 | 179.21% |
| Jun 30, 2024 | 0.07% |
| Jun 30, 2024 | 0.07% |
| Mar 31, 2024 | -16.61% |
| Mar 31, 2024 | -16.61% |
| Dec 31, 2023 | 36.05% |
| Dec 31, 2023 | 36.05% |