Warner Bros. Discovery (WBD) Tax Rate (2009 - 2026)
Warner Bros. Discovery posted quarterly Tax Rate of 6.86% for Q1 2026, up 1032.0% year-on-year from 0.61% in Q1 2025, and down 82.62% on a QoQ basis from 39.46% in Q4 2025.
Warner Bros. Discovery (WBD) has 18 years of Tax Rate data on file, last reported 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.
- Across five years, Tax Rate topped out at 629.63% in Q3 2025 and bottomed at 79.78% in Q4 2024.
- The 5-year median for Tax Rate is 19.7% (2022), against an average of 57.04%.
- The widest annual swing landed in 2024, when Tax Rate plunged 11583 bps; it then soared 45042 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 18.18% in 2022, then soared by 98 bps to 36.05% in 2023, then plunged by 321 bps to 79.78% in 2024, then soared by 149 bps to 39.46% in 2025, then sank 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 | 362.63 Bn | 350.34 Bn | 11.41 Bn | 19.31 |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 26.79 |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | 6.86 |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 7.79 |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 25.85 |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 8.62 |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 3.27 |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 35.98 |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 12.04 |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 24.14 |
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 |
| Sep 30, 2023 | 23.50 |
| Sep 30, 2023 | 23.50 |
| Jun 30, 2023 | 17.57 |
| Jun 30, 2023 | 17.57 |
| Mar 31, 2023 | 14.38 |
| Mar 31, 2023 | 14.38 |
| Dec 31, 2022 | 18.18 |
| Dec 31, 2022 | 18.18 |
| Sep 30, 2022 | 19.85 |
| Sep 30, 2022 | 19.85 |
| Jun 30, 2022 | 19.70 |
| Jun 30, 2022 | 19.70 |
| Mar 31, 2022 | 29.73 |
| Mar 31, 2022 | 29.73 |
| Dec 31, 2021 | 50.27 |
| Dec 31, 2021 | 50.27 |
| Sep 30, 2021 | 15.45 |
| Sep 30, 2021 | 15.45 |
| Jun 30, 2021 | 0.28 |
| Jun 30, 2021 | 0.28 |
| Mar 31, 2021 | 35.69 |
| Mar 31, 2021 | 35.69 |
| Dec 31, 2020 | 23.56 |
| Dec 31, 2020 | 23.56 |
| Sep 30, 2020 | -3.45 |
| Sep 30, 2020 | -3.45 |
| Jun 30, 2020 | 34.21 |
| Jun 30, 2020 | 34.21 |
| Mar 31, 2020 | 24.21 |
| Mar 31, 2020 | 24.21 |
| Dec 31, 2019 | 9.24 |
| Dec 31, 2019 | 9.24 |
| Sep 30, 2019 | 33.11 |
| Sep 30, 2019 | 33.11 |
| Jun 30, 2019 | -37.85 |
| Jun 30, 2019 | -37.85 |
| Mar 31, 2019 | 26.80 |
| Mar 31, 2019 | 26.80 |
| Dec 31, 2018 | 39.47 |
| Dec 31, 2018 | 39.47 |
| Sep 30, 2018 | 24.16 |
| Sep 30, 2018 | 24.16 |
| Jun 30, 2018 | 33.51 |
| Jun 30, 2018 | 33.51 |
| Mar 31, 2018 | 117.65 |
| Mar 31, 2018 | 117.65 |
| Dec 31, 2017 | -8.29 |
| Dec 31, 2017 | -8.29 |
| Sep 30, 2017 | -35.98 |
| Sep 30, 2017 | -35.98 |
| Jun 30, 2017 | 19.66 |
| Jun 30, 2017 | 19.66 |
| Mar 31, 2017 | 19.93 |
| Mar 31, 2017 | 19.93 |
| Dec 31, 2016 | 32.83 |
| Dec 31, 2016 | 32.83 |
| Sep 30, 2016 | 29.91 |
| Sep 30, 2016 | 29.91 |
| Jun 30, 2016 | 18.63 |
| Jun 30, 2016 | 18.63 |
| Mar 31, 2016 | 29.21 |
| Mar 31, 2016 | 29.21 |
| Dec 31, 2015 | 34.11 |
| Dec 31, 2015 | 34.11 |
| Sep 30, 2015 | 31.48 |
| Sep 30, 2015 | 31.48 |
| Jun 30, 2015 | 32.48 |
| Jun 30, 2015 | 32.48 |
| Mar 31, 2015 | 33.33 |
| Mar 31, 2015 | 33.33 |
| Dec 31, 2014 | 35.44 |
| Dec 31, 2014 | 35.44 |
| Sep 30, 2014 | 35.07 |
| Sep 30, 2014 | 35.07 |
| Jun 30, 2014 | 35.14 |
| Jun 30, 2014 | 35.14 |
| Mar 31, 2014 | 33.81 |
| Mar 31, 2014 | 33.81 |
| Dec 31, 2013 | 36.82 |
| Dec 31, 2013 | 36.82 |
| Sep 30, 2013 | 38.90 |
| Sep 30, 2013 | 38.90 |
| Jun 30, 2013 | 37.63 |
| Jun 30, 2013 | 37.63 |
| Mar 31, 2013 | 38.73 |
| Mar 31, 2013 | 38.73 |
| Dec 31, 2012 | 44.69 |
| Dec 31, 2012 | 44.69 |
| Sep 30, 2012 | 38.40 |
| Sep 30, 2012 | 38.40 |
| Jun 30, 2012 | 30.17 |
| Jun 30, 2012 | 30.17 |
| Mar 31, 2012 | 34.99 |
| Mar 31, 2012 | 34.99 |
| Dec 31, 2011 | 32.37 |
| Dec 31, 2011 | 32.37 |
| Sep 30, 2011 | 34.60 |
| Sep 30, 2011 | 34.60 |
| Jun 30, 2011 | 36.18 |
| Jun 30, 2011 | 36.18 |
| Mar 31, 2011 | 32.37 |
| Mar 31, 2011 | 32.37 |
| Dec 31, 2010 | 36.53 |
| Dec 31, 2010 | 36.53 |
| Sep 30, 2010 | 33.60 |
| Sep 30, 2010 | 33.60 |
| Jun 30, 2010 | 27.15 |
| Jun 30, 2010 | 27.15 |
| Mar 31, 2010 | 21.36 |
| Mar 31, 2010 | 21.36 |
| Dec 31, 2009 | 40.41 |
| Dec 31, 2009 | 40.41 |
| Sep 30, 2009 | 34.84 |
| Sep 30, 2009 | 34.84 |
| Jun 30, 2009 | 59.87 |
| Jun 30, 2009 | 59.87 |
| Mar 31, 2009 | 36.27 |
| Mar 31, 2009 | 36.27 |