Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 46.99% is in line with its 5-year average of 44.87%, around the middle of its 5-year range (30.21%–66.52%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.93% above its 12-month average of 42.74%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
46.99%
GROSS MARGIN AVG TTM
42.74%
GROSS MARGIN AVG 3Y
42.18%
GROSS MARGIN AVG 5Y
42.65%
GROSS MARGIN AVG 10Y
53.88%
GROSS MARGIN AVG 15Y
58.55%
GROSS MARGIN AVG 20Y
58.11%
CURRENT VS TTM AVG
+9.93%
CURRENT VS 3Y AVG
+11.41%
CURRENT VS 5Y AVG
+10.18%
CURRENT VS 10Y AVG
-12.79%
CURRENT VS 15Y AVG
-19.75%
CURRENT VS 20Y AVG
-19.14%
SECTOR MEDIAN · COMMUNICATION SERVICES
50.49%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
-6.93%
vs the sector median at left
Warner Bros. Discovery, Inc.
Market Cap
$67.14B
Gross Margin
46.99%
TTM Avg
42.74%
3Y Avg
42.18%
5Y Avg
42.65%
Market Cap
$89.99B
Gross Margin
69.39%
TTM Avg
70.91%
3Y Avg
70.03%
5Y Avg
69.18%
Market Cap
$42.04B
Gross Margin
23.01%
TTM Avg
24.09%
3Y Avg
24.56%
5Y Avg
25.57%
Market Cap
$100.35B
Gross Margin
32.31%
TTM Avg
31.06%
3Y Avg
28.18%
5Y Avg
27.51%
Market Cap
$25.07B
Gross Margin
29.54%
TTM Avg
30.89%
3Y Avg
31.51%
5Y Avg
37.26%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. (WBD) | $67.14B | 46.99% | 42.74% | 42.18% | 42.65% |
| Comcast Corporation (CMCSA)vs › | $89.99B | 69.39% | 70.91% | 70.03% | 69.18% |
| Live Nation Entertainment, Inc. (LYV)vs › | $42.04B | 23.01% | 24.09% | 24.56% | 25.57% |
| DoorDash, Inc. (DASH)vs › | $94.23B | 51.41% | 49.59% | 47.89% | 49.39% |
| Spotify Technology S.A. (SPOT)vs › | $100.35B | 32.31% | 31.06% | 28.18% | 27.51% |
| Reddit, Inc. (RDDT)vs › | $31.13B | 91.44% | 90.84% | 88.03% | 85.52% |
| Fox Corporation (FOXA)vs › | $28.08B | 36.63% | 34.87% | 67.44% | 78.29% |
| EchoStar Corporation (SATS)vs › | $25.07B | 29.54% | 30.89% | 31.51% | 37.26% |
| Omnicom Group Inc. (OMC)vs › | $23.39B | 17.54% | 17.38% | 17.44% | 17.20% |
| Roku, Inc. (ROKU)vs › | $22.71B | 45.50% | 43.84% | 44.37% | 45.65% |
Gross Margin
47.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 46.99% |
| 2026-03-31 | 47.79% |
| 2025-12-31 | 30.21% |
| 2025-09-30 | 49.54% |
| 2025-06-30 | 39.19% |
| 2025-03-31 | 42.86% |
| 2024-12-31 | 44.88% |
| 2024-09-30 | 46.16% |
| 2024-06-30 | 36.13% |
| 2024-03-31 | 39.16% |
| 2023-12-31 | 42.67% |
| 2023-09-30 | 46.80% |
| 2023-06-30 | 35.93% |
| 2023-03-31 | 37.52% |
| 2022-12-31 | 36.83% |
| 2022-09-30 | 42.72% |
| 2022-06-30 | 32.58% |
| 2022-03-31 | 60.87% |
| 2021-12-31 | 66.52% |
| 2021-09-30 | 51.46% |
| 2021-06-30 | 65.55% |
| 2021-03-31 | 65.29% |
| 2020-12-31 | 60.88% |
| 2020-09-30 | 60.84% |
| 2020-06-30 | 68.12% |
| 2020-03-31 | 65.78% |
| 2019-12-31 | 63.92% |
| 2019-09-30 | 65.87% |
| 2019-06-30 | 67.49% |
| 2019-03-31 | 65.64% |
| 2018-12-31 | 66.32% |
| 2018-09-30 | 63.97% |
| 2018-06-30 | 65.03% |
| 2018-03-31 | 54.05% |
| 2017-12-31 | 60.03% |
| 2017-09-30 | 59.42% |
| 2017-06-30 | 63.67% |
| 2017-03-31 | 62.37% |
| 2016-12-31 | 61.42% |
| 2016-09-30 | 61.95% |
| 2016-06-30 | 64.70% |
| 2016-03-31 | 62.08% |
| 2015-12-31 | 61.12% |
| 2015-09-30 | 63.13% |
| 2015-06-30 | 65.90% |
| 2015-03-31 | 63.24% |
| 2014-12-31 | 64.32% |
| 2014-09-30 | 66.26% |
| 2014-06-30 | 68.01% |
| 2014-03-31 | 65.84% |
| 2013-12-31 | 69.10% |
| 2013-09-30 | 68.36% |
| 2013-06-30 | 70.21% |
| 2013-03-31 | 70.42% |
| 2012-12-31 | 72.67% |
| 2012-09-30 | 72.49% |
| 2012-06-30 | 73.53% |
| 2012-03-31 | 72.72% |
| 2011-12-31 | 70.59% |
| 2011-09-30 | 69.63% |
| 2011-06-30 | 73.01% |
| 2011-03-31 | 71.29% |
| 2010-12-31 | 71.33% |
| 2010-09-30 | 71.81% |
| 2010-06-30 | 73.62% |
| 2010-03-31 | 69.28% |
| 2009-12-31 | 69.09% |
| 2009-09-30 | 70.01% |
| 2009-06-30 | 70.98% |
| 2009-03-31 | 69.08% |
| 2008-12-31 | 70.58% |
| 2008-09-30 | 68.99% |
| 2008-06-30 | 71.30% |
| 2008-03-31 | 70.09% |
| 2007-12-31 | 27.69% |
| 2007-09-30 | 26.67% |
| 2007-06-30 | 31.38% |
| 2007-03-31 | 32.12% |
| 2006-12-31 | 31.73% |
| 2006-09-30 | 34.36% |
| 2006-06-30 | 33.88% |
| 2006-03-31 | 36.45% |
| 2005-12-31 | 36.84% |
| 2005-09-30 | 34.90% |
| 2005-06-30 | 35.07% |
| 2005-03-31 | 36.40% |
| 2004-12-31 | 39.14% |
| 2004-09-30 | 39.93% |
| 2004-06-30 | 40.14% |
| 2004-03-31 | 65.54% |
