TTM
41.5%
YoY change
−13.40pp
Trough year (2007)
21.1%
Peak year (2012)
72.9%
Latest annual
28.2%
Gross Margin history chart for Warner Bros. Discovery (WBD) from 2003 to 2025
Latest: 28.2%
Gross Margin change chart for Warner Bros. Discovery (WBD) from 2003 to 2025
Latest: −13.40pp
Gross Margin history table for Warner Bros. Discovery (WBD) from 2003 to 2025
| 2025 | 28.2% | -13.40pp | ||
| 2024 | 41.6% | +0.94pp | ||
| 2023 | 40.6% | +1.09pp | ||
| 2022 | 39.6% | -22.55pp | ||
| 2021 | 62.1% | -1.72pp | ||
| 2020 | 63.8% | -1.90pp | ||
| 2019 | 65.7% | +3.02pp | ||
| 2018 | 62.7% | +1.36pp | ||
| 2017 | 61.4% | -1.21pp | ||
| 2016 | 62.6% | -0.79pp | ||
| 2015 | 63.4% | -2.74pp | ||
| 2014 | 66.1% | -3.39pp | ||
| 2013 | 69.5% | -3.37pp | ||
| 2012 | 72.9% | +1.07pp | ||
| 2011 | 71.8% | -0.88pp | ||
| 2010 | 72.7% | +2.86pp | ||
| 2009 | 69.8% | -0.45pp | ||
| 2008 | 70.3% | +49.21pp | ||
| 2007 | 21.1% | -12.96pp | ||
| 2006 | 34.0% | -1.79pp | ||
| 2005 | 35.8% | -3.95pp | ||
| 2004 | 39.8% | -0.77pp | ||
| 2003 | 40.5% | — |
- 202528.2%-13.40pp
- 202441.6%+0.94pp
- 202340.6%+1.09pp
- 202239.6%-22.55pp
- 202162.1%-1.72pp
- 202063.8%-1.90pp
- 201965.7%+3.02pp
- 201862.7%+1.36pp
- 201761.4%-1.21pp
- 201662.6%-0.79pp
- 201563.4%-2.74pp
- 201466.1%-3.39pp
- 201369.5%-3.37pp
- 201272.9%+1.07pp
- 201171.8%-0.88pp
- 201072.7%+2.86pp
- 200969.8%-0.45pp
- 200870.3%+49.21pp
- 200721.1%-12.96pp
- 200634.0%-1.79pp
- 200535.8%-3.95pp
- 200439.8%-0.77pp
- 200340.5%—
Gross Margin values are taken from Warner Bros. Discovery's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Warner Bros. Discovery (WBD)
According to Warner Bros. Discovery's latest reported financial statements, the company's latest reported gross margin is 41.5%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for Warner Bros. Discovery (WBD) came in at 28.18% – contracted 13.4 percentage points year-over-year.
The record annual gross margin stands at 72.85%, reached in 2012; the historical low of 21.05% was recorded in 2007.
Warner Bros. Discovery Gross Margin by Year
Warner Bros. Discovery Gross Margin 2025: 28.2%
In 2025, Warner Bros. Discovery reported gross margin of 28.18%, contracted 13.4 percentage points from 2024.
Warner Bros. Discovery Gross Margin 2024: 41.6%
Warner Bros. Discovery gross margin in 2024 was 41.58%, expanded 0.9 percentage points from 2023.
Warner Bros. Discovery Gross Margin 2023: 40.6%
2023's gross margin for Warner Bros. Discovery came in at 40.65%, expanded 1.1 percentage points from 2022.
Warner Bros. Discovery Gross Margin 2022: 39.6%
Warner Bros. Discovery posted gross margin of 39.55% in 2022, contracted 22.6 percentage points from 2021.
Warner Bros. Discovery Gross Margin 2021: 62.1%
Warner Bros. Discovery gross margin in 2021 was 62.10%.
See more financial history for Warner Bros. Discovery (WBD).
Sector peers by Gross Margin
Communication Services peers of Warner Bros. Discovery (WBD), ranked by their latest gross margin
| 81.9% | |
| 79.7% | |
| 60.4% | |
| 58.9% | |
| 54.3% | |
| 49.0% | |
| 37.2% | |
| 32.3% |
- 81.9%
- 79.7%
- 60.4%
- 58.9%
- 54.3%
- 49.0%
- 37.2%
- 32.3%
Frequently asked questions
Warner Bros. Discovery (WBD) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation