What this is
Hasbro's guidance on the profit margin of Wizards of the Coast, its card and digital games business: normally high-30s to low-40s percent, after 46% in 2025.
How it’s built
- Stated by Hasbro's finance chief, Gina Goetter, on the company's results call of 10 February 2026, in a transcript published by The Motley Fool.
What we assumed
Nothing. The figure is used as published.
Sanity check
She said margins would stay in the low 40s in 2026 while absorbing higher royalty costs, so 2025's 46% looks like a high point, not the normal level for a card publisher.
The value
- high 30s to low 40s %; 2026 guided low-40% range
Where it comes from
Hasbro (HAS) Q4 2025 earnings call transcript The Motley Fool (transcript) · 10 February 2026 Open the original ↗
The line in the source
we've always said that the Wizards segment margins are going to play and dance within that high 30s. Low forties. ... expected to remain in the low 40% range ... absorbing higher royalty expense
Where it’s used
Related figures
Built from this one
- EstimateGroup operating profit and comp margin gaps one perimeter, TPC year to February 2026 (group, ex club) vs Konami year to March 2026, Wizards structural
- EstimatePure licensor counterfactual card publisher profit corrected, TPC year to February 2026 card line (point ¥375bn)112,500 to 157,500 ¥ million
- EstimatePre royalty margin thresholds and gm exclusion, TPC year to February 2021–year to February 2026