Filing Flows › Warner Bros. Discovery (WBD) › Free cash flow
Warner Bros. Discovery (WBD) free cash flow by quarter
Warner Bros. Discovery's free cash flow was $572M in Q2 2026 (second quarter 2026), -59% from Q4 2025. Over the last 6 quarters it ranged from $302M (Q1 2025) to $2.4B (Q4 2024).
| Quarter | Free cash flow | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | $572M | -59% | -19% |
| Q4 2025 | $1.4B | +97% | -43% |
| Q3 2025 | $701M | -0.1% | — |
| Q2 2025 | $702M | +132% | — |
| Q1 2025 | $302M | -88% | — |
| Q4 2024 | $2.4B | — | — |
Q2 2026 at a glance
Warner Bros. Discovery, Q2 2026: revenue $8.7B (-11% year over year), operating margin 2.7%, net earnings $162M, operating cash flow $848M. The chart follows the revenue to costs, profit and cash.
Questions
What is Warner Bros. Discovery's free cash flow?
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How has Warner Bros. Discovery's free cash flow changed?
Discovery's free cash flow was $572M in Q2 2026 (second quarter 2026), -59% from Q4 2025. Over the last 6 quarters it ranged from $302M (Q1 2025) to $2.4B (Q4 2024).
Q2 2026 results → · How Warner Bros. Discovery makes money →