Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 2.72% is 151% above its 5-year average of -5.36%, near the high end of its 5-year range (-105.10%–25.44%).
As of the fiscal period ended Tuesday, June 30, 2026. 30.03% below its 12-month average of 3.89%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
2.72%
OPERATING MARGIN AVG TTM
3.89%
OPERATING MARGIN AVG 3Y
0.94%
OPERATING MARGIN AVG 5Y
1.56%
OPERATING MARGIN AVG 10Y
12.01%
OPERATING MARGIN AVG 15Y
21.03%
OPERATING MARGIN AVG 20Y
20.91%
CURRENT VS TTM AVG
-30.03%
CURRENT VS 3Y AVG
+188.07%
CURRENT VS 5Y AVG
+74.59%
CURRENT VS 10Y AVG
-77.36%
CURRENT VS 15Y AVG
-87.07%
CURRENT VS 20Y AVG
-87.00%
SECTOR MEDIAN · COMMUNICATION SERVICES
15.33%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
-82.26%
vs the sector median at left
Warner Bros. Discovery, Inc.
Market Cap
$67.14B
Operating Margin
2.72%
TTM Avg
3.89%
3Y Avg
0.94%
5Y Avg
1.56%
Market Cap
$89.99B
Operating Margin
14.66%
TTM Avg
17.77%
3Y Avg
18.34%
5Y Avg
18.02%
Market Cap
$42.04B
Operating Margin
3.44%
TTM Avg
4.72%
3Y Avg
4.64%
5Y Avg
-12.83%
Market Cap
$100.35B
Operating Margin
13.70%
TTM Avg
10.75%
3Y Avg
3.13%
5Y Avg
1.63%
Market Cap
$31.13B
Operating Margin
20.07%
TTM Avg
-11.52%
3Y Avg
-16.57%
5Y Avg
-19.98%
Market Cap
$28.08B
Operating Margin
19.53%
TTM Avg
19.67%
3Y Avg
18.90%
5Y Avg
19.24%
Market Cap
$25.07B
Operating Margin
7.17%
TTM Avg
-1.26%
3Y Avg
1.96%
5Y Avg
5.17%
Market Cap
$23.39B
Operating Margin
13.92%
TTM Avg
14.96%
3Y Avg
14.91%
5Y Avg
14.61%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. (WBD) | $67.14B | 2.72% | 3.89% | 0.94% | 1.56% |
| Comcast Corporation (CMCSA)vs › | $89.99B | 14.66% | 17.77% | 18.34% | 18.02% |
| Live Nation Entertainment, Inc. (LYV)vs › | $42.04B | 3.44% | 4.72% | 4.64% | -12.83% |
| DoorDash, Inc. (DASH)vs › | $94.23B | 6.34% | 2.46% | -4.72% | -7.20% |
| Spotify Technology S.A. (SPOT)vs › | $100.35B | 13.70% | 10.75% | 3.13% | 1.63% |
| Reddit, Inc. (RDDT)vs › | $31.13B | 20.07% | -11.52% | -16.57% | -19.98% |
| Fox Corporation (FOXA)vs › | $28.08B | 19.53% | 19.67% | 18.90% | 19.24% |
| EchoStar Corporation (SATS)vs › | $25.07B | 7.17% | -1.26% | 1.96% | 5.17% |
| Omnicom Group Inc. (OMC)vs › | $23.39B | 13.92% | 14.96% | 14.91% | 14.61% |
| Roku, Inc. (ROKU)vs › | $22.71B | 5.25% | -2.71% | -11.28% | -6.30% |
Gross Margin
28.2%
Operating Margin
2.7%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 2.72% |
| 2026-03-31 | 6.17% |
| 2025-12-31 | 5.67% |
| 2025-09-30 | 6.76% |
| 2025-06-30 | -1.89% |
| 2025-03-31 | -0.41% |
| 2024-12-31 | 1.62% |
| 2024-09-30 | 2.92% |
| 2024-06-30 | -105.10% |
| 2024-03-31 | -2.68% |
| 2023-12-31 | -1.77% |
| 2023-09-30 | 0.97% |
| 2023-06-30 | -8.75% |
| 2023-03-31 | -5.21% |
| 2022-12-31 | -17.21% |
| 2022-09-30 | -22.29% |
| 2022-06-30 | -37.03% |
| 2022-03-31 | 11.17% |
| 2021-12-31 | 15.94% |
| 2021-09-30 | 10.44% |
| 2021-06-30 | 25.44% |
| 2021-03-31 | 14.18% |
| 2020-12-31 | 16.91% |
| 2020-09-30 | 20.73% |
| 2020-06-30 | 28.22% |
| 2020-03-31 | 29.03% |
| 2019-12-31 | 24.53% |
| 2019-09-30 | 23.11% |
| 2019-06-30 | 31.58% |
| 2019-03-31 | 28.59% |
| 2018-12-31 | 25.31% |
| 2018-09-30 | 14.24% |
| 2018-06-30 | 22.85% |
| 2018-03-31 | 8.84% |
| 2017-12-31 | -44.90% |
| 2017-09-30 | 26.23% |
| 2017-06-30 | 36.10% |
| 2017-03-31 | 30.19% |
| 2016-12-31 | 31.40% |
| 2016-09-30 | 29.43% |
| 2016-06-30 | 34.31% |
| 2016-03-31 | 31.33% |
| 2015-12-31 | 26.79% |
| 2015-09-30 | 32.43% |
| 2015-06-30 | 33.68% |
| 2015-03-31 | 31.36% |
| 2014-12-31 | 28.40% |
| 2014-09-30 | 32.59% |
| 2014-06-30 | 39.75% |
| 2014-03-31 | 30.76% |
| 2013-12-31 | 33.90% |
| 2013-09-30 | 35.49% |
| 2013-06-30 | 37.42% |
| 2013-03-31 | 35.99% |
| 2012-12-31 | 40.08% |
| 2012-09-30 | 40.71% |
| 2012-06-30 | 43.34% |
| 2012-03-31 | 41.29% |
| 2011-12-31 | 37.52% |
| 2011-09-30 | 39.63% |
| 2011-06-30 | 41.71% |
| 2011-03-31 | 53.31% |
| 2010-12-31 | 38.82% |
| 2010-09-30 | 33.69% |
| 2010-06-30 | 38.63% |
| 2010-03-31 | 32.45% |
| 2009-12-31 | 30.29% |
| 2009-09-30 | 26.40% |
| 2009-06-30 | 57.46% |
| 2009-03-31 | 30.43% |
| 2008-12-31 | 31.42% |
| 2008-09-30 | 35.03% |
| 2008-06-30 | 23.50% |
| 2008-03-31 | 33.25% |
| 2007-12-31 | -90.89% |
| 2007-09-30 | -26.67% |
| 2007-06-30 | -1.65% |
| 2007-03-31 | -0.69% |
| 2006-12-31 | -4.36% |
| 2006-09-30 | -57.31% |
| 2006-06-30 | -3.75% |
| 2006-03-31 | -1.86% |
| 2005-12-31 | 1.21% |
| 2005-09-30 | -0.84% |
| 2005-06-30 | -2.80% |
| 2005-03-31 | 1.65% |
| 2004-12-31 | 1.10% |
| 2004-09-30 | 2.28% |
| 2004-06-30 | 3.53% |
| 2004-03-31 | 14.75% |
