Warner Bros. Discovery, Inc. (WBD) Operating margin 2016–2025
Warner Bros. Discovery, Inc. (WBD) operating margin by fiscal year — reported operating income divided by reported revenue.
2.0%FY2025 · since FY2016: 31.7% → 2.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 2.0% | +27.5 pp |
| FY2024 | -25.5% | -21.8 pp |
| FY2023 | -3.7% | +18.0 pp |
| FY2022 | -21.8% | -38.3 pp |
| FY2021 | 16.5% | -7.1 pp |
| FY2020 | 23.6% | -3.4 pp |
| FY2019 | 27.0% | +8.7 pp |
| FY2018 | 18.3% | +8.0 pp |
| FY2017 | 10.4% | -21.3 pp |
| FY2016 | 31.7% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice