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
DateValue
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%