Warner Music Group

American multinational entertainment and record label conglomerate

WMG Nasdaq ISIN US9345502036 SEC CIK 1319161 LEI 549300VTZJM9AJG24X77
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Financials

Reported figures only · latest: Q3 2026 USD · US GAAP
Revenue, last quarter $1.9B +10.4% vs same quarter last year
Net income $204M +1375% vs same quarter last year
EPS, diluted -
Operating cash flow $142M +208.7% vs same quarter last year
Revenue by quarter
$1.6B
$1.7B
$1.5B
$1.7B
$1.9B
$1.8B
$1.7B
$1.9B
Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income15 fiscal years
  • Revenue
  • Net income
−$2B$0$2B$4B$6B$8BFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearRevenueNet income
FY25$6.7B$365M
FY24$6.4B$435M
FY23$6B$430M
FY22$5.9B$551M
FY21$5.3B$304M
FY20$4.5B−$475M
FY19$4.5B$256M
FY18$4B$307M
FY17$3.6B$143M
FY16$3.2B$25M
FY15$3B−$91M
FY14$3B−$308M
FY13$2.9B−$198M
FY12$2.8B−$112M
FY11--
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
−20%0%20%40%60%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearGross marginOperating marginNet margin
FY2545.8%10.3%5.4%
FY2447.8%12.8%6.8%
FY2347.4%13.1%7.1%
FY2248%12.1%9.3%
FY2148.3%11.5%5.7%
FY2047.7%−5.1%−10.6%
FY1946.3%8%5.7%
FY1845.8%5.4%7.7%
FY1746%6.2%4%
FY1647.4%6.6%0.8%
FY1549.1%4.3%−3.1%
FY1448.1%0.6%−10.2%
FY1348%2.6%−6.9%
FY1247.7%3.9%−4%
FY11---
Free cash flowOperating cash flow minus capital expenditure
$0$200M$400M$600M$800MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearFree cash flow
FY25$539M
FY24$638M
FY23$560M
FY22$607M
FY21$545M
FY20$378M
FY19$296M
FY18$351M
FY17$491M
FY16$300M
FY15$159M
FY14$54M
FY13$125M
FY12$177M
FY11-
Returned to shareholdersDividends paid and shares bought back
  • Dividends
  • Buybacks
$0$250M$500M$750M$1BFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearDividendsBuybacks
FY25$383M$16M
FY24$361M$0
FY23$340M$0
FY22$318M-
FY21$265M-
FY20$344M-
FY19$94M-
FY18$925M-
FY17$84M-
FY16--
FY15--
FY14--
FY13--
FY12--
FY11--
Net margin vs the sectorMedian of Consumer companies filing with the SEC
  • Warner Music
  • Consumer median
−15%−10%−5%0%5%10%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearWarner MusicConsumer median
FY255.4%1.7%
FY246.8%2.3%
FY237.1%2.3%
FY229.3%2.7%
FY215.7%2.8%
FY20−10.6%1.3%
FY195.7%2.2%
FY187.7%2.8%
FY174%2.6%
FY160.8%3.5%
FY15−3.1%3.4%
FY14−10.2%2.3%
FY13−6.9%3.4%
FY12−4%3.1%
FY11-2.5%

News

4 stories filed under Warner Music, grouped into ongoing threads