Warner Bros. Discovery, Inc. WBD
30.86
0.02
0.06%
as of 25 Sep
- Market cap
- $77.3B
- P/E
- 0.0×
Follow WBD
Indexes
indicate stock being part of an index
Warner Bros. Discovery, Inc. (WBD) Gross margin
Warner Bros. Discovery, Inc.'s gross margin over the twelve months to 30 June 2026 was 47.3%, up 3.2 percentage points from fiscal 2025 (44.0%). Over the past ten years it has ranged from 39.6% (fiscal 2022) to 65.7% (fiscal 2019); the current reading is higher than 36% of that period. That is in line with the Entertainment industry median of 45.0% and below the Communication Services sector median of 53.1%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 44.0% | 2.42 |
| FY2024 | 41.6% | 0.93 |
| FY2023 | 40.7% | 1.10 |
| FY2022 | 39.6% | (22.55) |
| FY2021 | 62.1% | (1.73) |
| FY2020 | 63.8% | (1.90) |
| FY2019 | 65.7% | 3.02 |
| FY2018 | 62.7% | 1.35 |
| FY2017 | 61.4% | (1.21) |
| FY2016 | 62.6% | (0.79) |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 47.0% | (0.80) |
| Mar 2026 | 47.8% | 3.00 |
| Dec 2025 | 44.8% | (4.75) |
| Sep 2025 | 49.5% | 10.35 |
| 42 more quarters | Free account |
Against its own ten years
Low 39.6%
High 65.7%
Ten-year median
62.1%
Current reading's percentile
36
Gross margin against peers
| Company | Gross margin |
|---|---|
| TKO TKO Group Holdings, Inc. compare | 59.5% |
| WBD Warner Bros. Discovery, Inc. | 47.3% |
| ROKU Roku, Inc. compare | 45.5% |
| DIS The Walt Disney Company compare | 37.6% |
| FOXA Fox Corporation compare | 36.6% |
| FOX Fox Corporation compare | 36.6% |
| LYV Live Nation Entertainment, Inc. compare | 25.8% |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 19.5% |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 19.5% |
| Entertainment industry median | 45.0% |
| Communication Services sector median | 53.1% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WBD
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement