Warner Bros. Discovery, Inc. WBD

30.86 0.02 0.06% as of 25 Sep
Market cap
$77.3B
P/E
0.0×
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Warner Bros. Discovery, Inc. (WBD) Operating margin

Warner Bros. Discovery, Inc.'s operating margin over the twelve months to 30 June 2026 was −3.52%, down 5.5 percentage points from fiscal 2025 (1.98%). Over the past ten years it has ranged from −25.5% (fiscal 2024) to 31.7% (fiscal 2016); the current reading is higher than 36% of that period. That is below the Entertainment industry median of 2.30% and below the Communication Services sector median of 0.35%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 1.98% 27.49
FY2024 −25.5% (21.76)
FY2023 −3.75% 18.04
FY2022 −21.8% (38.29)
FY2021 16.5% (7.07)
FY2020 23.6% (3.43)
FY2019 27.0% 8.67
FY2018 18.3% 7.96
FY2017 10.4% (21.31)
FY2016 31.7% 0.64

Quarterly

Period Operating margin Change (points)
Jun 2026 2.72% 30.48
Mar 2026 −27.8% (31.45)
Dec 2025 3.69% (3.07)
Sep 2025 6.76% 8.65
42 more quarters

Against its own ten years

Low −25.5% High 31.7%
Ten-year median 16.5%
Current reading's percentile 36

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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