Warner Music Group is demonstrating accelerating revenue growth (10.4% in 2026Q3) and significant operating margin expansion (16.4% vs. 10.0% a year ago), driven by disciplined SG&A control.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 10.4% in 2026Q3, with operating margin expanding to 16.4% from 10.0% a year earlier, though net income remains volatile (swinging from -$16M to $204M).
Warner Music Group is leveraging strategic partnerships and maintaining cost discipline to capitalize on high-margin opportunities, positioning itself for outsized returns by 2026.
The company reported higher Q2 sales and net income compared to the previous year, alongside margin expansion, indicating robust financial health.
The bull case assumes continued high CAGR in streaming revenue, exceeding current consensus estimates, which could drive significant upside.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $0.38+10.6% vs $0.34 | $1.9B+3.0% vs $1.8B |
Q2 2026 May 7, 2026 | $0.34+27.2% vs $0.27 | $1.7B+7.4% vs $1.6B |
Q1 2026 Feb 5, 2026 | $0.33-17.5% vs $0.40 | $1.8B+3.8% vs $1.8B |
Q4 2025 Nov 20, 2025 | $0.21-40.0% vs $0.35 | $1.9B+5.4% vs $1.8B |
On a day when the market is punishing heavy spenders on AI, Spotify (NYSE:SPOT | SPOT Price Prediction) is being rewarded for a plan to charge customers for it. Spotify stock is at $587.91, up 6% in afternoon trading.
Robeco Institutional Asset Management B.V. lowered its stake in shares of Warner Music Group Corp. (NASDAQ: WMG) by 28.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,893 shares of the company's stock after selling 29,528 shares during the quarter. Robeco Institutional
Warner Music Group Corp. will release its financial results on Thursday, November 19, 2026, for the fourth quarter and fiscal year ended September 30, 2026, and
Warner Music Group (WMG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Benchmark WMG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Warner Music Group Corp. (WMG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $31.30 | $16.33B | 24.43 | 4.37% | 9.2% | 73.77% | 2.36% | |
| $27.00 | $159.77B | -114.21 | 3.7% | -1.75% | -2.62% | 0.53% | |
| $175.25 | $40.78B | 297.39 | 8.83% | 0.54% | 9.66% | — | |
| $51.10 | $4.81B | 146.25 | 6.71% | 3.23% | — | — | |
| $603.01 | $123.97B | 38.14 | 9.65% | 15.73% | 34.14% | — | |
| $342.37 | $5.03T | 37.90 | 15.06% | 27.6% | 127.61% | 0.31% |
Warner Music Group Corp. (WMG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Warner Music Group Corp. (WMG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Aug 3, 2026·SEC
Jul 31, 2026·SEC
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Warner Music Group Corp. (WMG) stock FAQ — growth, dividends, profitability & financials explained
Warner Music Group Corp. (WMG) reported $7.30B in revenue over the trailing twelve months. Revenue was $6.71B in fiscal year 2025. That is 104% more than the $3.29B of fiscal year 2002.
Warner Music Group Corp. (WMG) grew revenue by 12.9% over the trailing twelve months, compared with the twelve months before.
Yes. Warner Music Group Corp. (WMG) earned $672.0M in net income over the trailing twelve months (a 9.2% net margin).
Yes. Warner Music Group Corp. (WMG) pays a dividend that yields 2.36% at the current price, a moderate yield.
Warner Music Group Corp. (WMG) had a return on equity (ROE) of 73.8% over the trailing twelve months. That is well above the market's typical 10-15%.
Warner Music Group Corp. (WMG) generated $814.0M in free cash flow over the trailing twelve months.
