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Operating Margin for Warner Bros. Discovery (WBD)

As of · Reported

Metric

TTM

4.1%

YoY change

+29.02pp

Trough year (2001)

-59.2%

Peak year (2011)

43.3%

Operating Margin history chart for Warner Bros. Discovery (WBD) from 2000 to 2025

Latest: 3.5%

Operating Margin change chart for Warner Bros. Discovery (WBD) from 2000 to 2025

Latest: +29.02pp

Operating Margin history table for Warner Bros. Discovery (WBD) from 2000 to 2025

  • 20253.5%+29.02pp
  • 2024-25.5%-21.77pp
  • 2023-3.7%+18.05pp
  • 2022-21.8%-38.30pp
  • 202116.5%-7.06pp
  • 202023.6%-3.43pp
  • 201927.0%+8.67pp
  • 201818.3%+7.95pp
  • 201710.4%-21.30pp
  • 201631.7%+0.63pp
  • 201531.0%-1.85pp
  • 201432.9%-2.78pp
  • 201335.7%-5.75pp
  • 201241.4%-1.83pp
  • 201143.3%+6.10pp
  • 201037.2%+0.31pp
  • 200936.8%+6.14pp
  • 200830.7%+41.23pp
  • 2007-10.5%+6.19pp
  • 2006-16.7%-16.51pp
  • 2005-0.2%-2.88pp
  • 20042.7%+3.16pp
  • 2003-0.5%+10.92pp
  • 2002-11.4%+47.76pp
  • 2001-59.2%-38.12pp
  • 2000-21.0%—

Operating 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 Operating Margin at Warner Bros. Discovery (WBD)

According to Warner Bros. Discovery's latest reported financial statements, the company's latest reported operating margin is 4.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Warner Bros. Discovery (WBD) most recent annual operating margin stands at 3.51% (2025) – expanded 29.0 percentage points year-over-year.

The record annual operating margin stands at 43.26%, reached in 2011; the historical low of -59.15% was recorded in 2001.

Warner Bros. Discovery Operating Margin by Year

Warner Bros. Discovery Operating Margin 2025: 3.5%

Warner Bros. Discovery operating margin in 2025 was 3.51%, expanded 29.0 percentage points from 2024.

Warner Bros. Discovery Operating Margin 2024: -25.5%

2024's operating margin for Warner Bros. Discovery came in at -25.51%, contracted 21.8 percentage points from 2023.

Warner Bros. Discovery Operating Margin 2023: -3.7%

Warner Bros. Discovery posted operating margin of -3.75% in 2023, expanded 18.0 percentage points from 2022.

Warner Bros. Discovery Operating Margin 2022: -21.8%

In 2022, Warner Bros. Discovery reported operating margin of -21.79%, contracted 38.3 percentage points from 2021.

Warner Bros. Discovery Operating Margin 2021: 16.5%

Warner Bros. Discovery operating margin in 2021 was 16.50%.

See more financial history for Warner Bros. Discovery (WBD).

Sector peers by Operating Margin

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