Filing Flows › Liberty Media (FWONA) › Operating margin
Liberty Media (FWONA) operating margin by quarter
Liberty Media's operating margin was 19.3% in Q3 2026 (third quarter 2026), +9.9 pts from Q2 2026. Over the last 6 quarters it ranged from 9.0% (Q1 2026) to 20.9% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 19.3% | +9.9 pts | +5.6 pts |
| Q2 2026 | 9.4% | +0.4 pts | -11.5 pts |
| Q1 2026 | 9.0% | -3.8 pts | — |
| Q4 2025 | 12.8% | -0.9 pts | — |
| Q3 2025 | 13.7% | -7.1 pts | — |
| Q2 2025 | 20.9% | — | — |
Q3 2026 at a glance
Liberty Media, Q3 2026: revenue $1.2B (+13% year over year), operating margin 19.3%, net earnings $163M, operating cash flow $382M. The chart follows the revenue to costs, profit and cash.
Questions
What is Liberty Media's operating margin?
Liberty Media's operating margin was 19.3% in Q3 2026 (third quarter 2026), +9.9 pts from Q2 2026.
How has Liberty Media's operating margin changed?
Over the last 6 quarters it ranged from 9.0% (Q1 2026) to 20.9% (Q2 2025).