Warner Bros. Discovery (WBD) Tax Rate (2009 - 2025)
Warner Bros. Discovery (WBD) reported Tax Rate of 159.78% for Q2 2026, up 124.49 percentage points from 35.29% a year earlier and up 152.92 percentage points from the prior quarter.
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Analysis
Warner Bros. Discovery (WBD) Tax Rate (2009 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Warner Bros. Discovery's Tax Rate came in at 16.91%, down 40.02 percentage points year-over-year; for FY2025, it was 54.30%, up 55.13 percentage points from FY2024.
- Tax Rate has a five-year change of +32.72 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -0.83% in FY2024 (-21.12 pp), 20.30% in FY2023 (+1.73 pp), 18.56% in FY2022 (+2.09 pp) and 16.47% in FY2021 (-5.12 pp).
- Five-year quarterly Tax Rate spans a low of -79.78% in Q4 2024 and a high of 629.63% in Q3 2025.
- Year over year, Tax Rate has now increased in each of the last six quarters, with an average year-over-year change of +99.09 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q3 2025 (a gain of 450.42 percentage points); the low point was Q4 2024 (a drop of 115.83 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 6.86% (Q1 2026), 39.46% (Q4 2025) and 629.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.50 Bn | 63.16 Bn | 4.10 Bn | - |
| 2 | Fox | 27.18 Bn | 13.09 Bn | - | 24.43% |
| 3 | Omnicom | 20.60 Bn | 3.30 Bn | 1.30 Bn | 27.11% |
| 4 | News | 16.19 Bn | 8.39 Bn | - | 17.27% |
| 5 | Paramount Skydance | 11.39 Bn | 9.31 Bn | - | - |
| 6 | New York Times | 10.30 Bn | 7.79 Bn | 394.61 Mn | 25.40% |
| 7 | Pearson | 10.14 Bn | 7.28 Bn | - | - |
| 8 | Sirius Xm Holdings | 8.74 Bn | 8.32 Bn | 1.44 Bn | 23.40% |
| 9 | 36Kr Holdings | 6.25 Bn | 6.19 Bn | - | - |
| 10 | Wpp | 5.52 Bn | -6.28 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 629.63% |
| Jun 30, 2025 | 35.29% |
| Mar 31, 2022 | 29.73% |
| Dec 31, 2021 | 50.27% |
| Sep 30, 2021 | 15.45% |
| Jun 30, 2021 | 0.28% |
| Mar 31, 2021 | 35.69% |
| Dec 31, 2020 | 23.56% |
| Jun 30, 2020 | 34.21% |
| Mar 31, 2020 | 24.21% |
| Dec 31, 2019 | 9.24% |
| Sep 30, 2019 | 33.11% |
| Mar 31, 2019 | 26.80% |
| Dec 31, 2018 | 39.47% |
| Sep 30, 2018 | 24.16% |
| Jun 30, 2018 | 33.51% |
| Jun 30, 2017 | 19.66% |
| Mar 31, 2017 | 19.93% |
| Dec 31, 2016 | 32.83% |
| Sep 30, 2016 | 29.91% |
API Access
Warner Bros. Discovery Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "WBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();