Liberty Media annual operating margin
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Liberty Media Operating Margin Growth & History (FWONA)
Liberty Media's operating margin was 12.87% for fiscal 2025.
View full Liberty Media company overviewLiberty Media annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 12.87% | +5.02 pp |
| 2024 | 2024-12-31 | 7.86% | +0.41 pp |
| 2023 | 2023-12-31 | 7.45% | +2.86 pp |
| 2022 | 2022-12-31 | 4.59% | −12.75 pp |
| 2021 | 2021-12-31 | 17.34% | +15.45 pp |
| 2020 | 2020-12-31 | 1.89% | −12.39 pp |
| 2019 | 2019-12-31 | 14.28% | −4.51 pp |
| 2018 | 2018-12-31 | 18.79% | +0.44 pp |
| 2017 | 2017-12-31 | 18.36% | −14.51 pp |
| 2016 | 2016-12-31 | 32.87% | +12.97 pp |
| 2015 | 2015-12-31 | 19.90% | +1.00 pp |
| 2014 | 2014-12-31 | 18.90% | −1.44 pp |
| 2013 | 2013-12-31 | 20.34% | +42.08 pp |
| 2012 | 2012-12-31 | −21.74% | −59.43 pp |
| 2011 | 2011-12-31 | 37.69% | +28.17 pp |
| 2010 | 2010-12-31 | 9.51% | — |
Liberty Media quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 9.42% | −11.46 pp |
| Q1 2026 | 2026-03-31 | 9.00% | +23.99 pp |
| Q4 2025 | 2025-12-31 | 13.36% | +10.79 pp |
| Q3 2025 | 2025-09-30 | 13.73% | +1.99 pp |
| Q2 2025 | 2025-06-30 | 20.88% | +15.11 pp |
| Q1 2025 | 2025-03-31 | −14.99% | −30.83 pp |
| Q4 2024 | 2024-12-31 | 2.57% | −8.22 pp |
| Q3 2024 | 2024-09-30 | 11.75% | −4.38 pp |
| Q2 2024 | 2024-06-30 | 5.77% | −7.53 pp |
| Q1 2024 | 2024-03-31 | 15.84% | +0.26 pp |
| Q3 2023 | 2023-09-30 | 10.79% | −6.28 pp |
| Q2 2023 | 2023-06-30 | 16.12% | −1.90 pp |
| Q1 2023 | 2023-03-31 | 13.30% | −2.82 pp |
| Q3 2022 | 2022-09-30 | 15.58% | −7.06 pp |
| Q2 2022 | 2022-06-30 | 17.07% | −4.56 pp |
| Q1 2022 | 2022-03-31 | 18.02% | +11.72 pp |
| Q4 2021 | 2021-12-31 | 16.12% | +38.38 pp |
| Q3 2021 | 2021-09-30 | 22.65% | +10.93 pp |
| Q2 2021 | 2021-06-30 | 21.63% | +10.42 pp |
| Q1 2021 | 2021-03-31 | 6.30% | −5.92 pp |
| Q4 2020 | 2020-12-31 | −22.26% | −33.79 pp |
| Q3 2020 | 2020-09-30 | 11.71% | −6.04 pp |
| Q2 2020 | 2020-06-30 | 11.21% | −5.22 pp |
| Q1 2020 | 2020-03-31 | 12.22% | +2.28 pp |
| Q4 2019 | 2019-12-31 | 11.53% | −7.33 pp |
| Q3 2019 | 2019-09-30 | 17.75% | −5.19 pp |
| Q2 2019 | 2019-06-30 | 16.43% | −0.57 pp |
| Q1 2019 | 2019-03-31 | 9.94% | −5.02 pp |
| Q4 2018 | 2018-12-31 | 18.87% | +2.27 pp |
| Q3 2018 | 2018-09-30 | 22.94% | +4.44 pp |
| Q2 2018 | 2018-06-30 | 17.01% | −2.71 pp |
| Q1 2018 | 2018-03-31 | 14.96% | −3.60 pp |
| Q4 2017 | 2017-12-31 | 16.60% | −4.07 pp |
| Q3 2017 | 2017-09-30 | 18.50% | −6.92 pp |
| Q2 2017 | 2017-06-30 | 19.72% | −4.29 pp |
| Q1 2017 | 2017-03-31 | 18.57% | −46.30 pp |
| Q4 2016 | 2016-12-31 | 20.67% | +2.70 pp |
| Q3 2016 | 2016-09-30 | 25.42% | +0.42 pp |
| Q2 2016 | 2016-06-30 | 24.01% | +10.02 pp |
| Q1 2016 | 2016-03-31 | 64.87% | +42.20 pp |
| Q4 2015 | 2015-12-31 | 17.96% | −0.85 pp |
| Q3 2015 | 2015-09-30 | 25.00% | +3.97 pp |
| Q2 2015 | 2015-06-30 | 13.99% | −5.92 pp |
| Q1 2015 | 2015-03-31 | 22.66% | +7.33 pp |
| Q4 2014 | 2014-12-31 | 18.81% | +0.37 pp |
| Q3 2014 | 2014-09-30 | 21.03% | −1.31 pp |
| Q2 2014 | 2014-06-30 | 19.91% | −1.05 pp |
| Q1 2014 | 2014-03-31 | 15.33% | −3.81 pp |
| Q4 2013 | 2013-12-31 | 18.44% | +154.80 pp |
| Q3 2013 | 2013-09-30 | 22.34% | +15.85 pp |
| Q2 2013 | 2013-06-30 | 20.96% | +19.48 pp |
| Q1 2013 | 2013-03-31 | 19.14% | +110.57 pp |
| Q4 2012 | 2012-12-31 | −136.36% | — |
| Q3 2012 | 2012-09-30 | 6.49% | — |
| Q2 2012 | 2012-06-30 | 1.48% | — |
| Q1 2012 | 2012-03-31 | −91.43% | — |
Liberty Media operating margin trends
Over the last five reported fiscal years, Liberty Media's operating margin increased from 1.89% to 12.87%, a change of +10.98 percentage points. The latest reported quarter, Q2 2026, shows 9.42%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Liberty Media filings at SEC.gov ↗