Warner Music Group Corp.(WMG)Earnings, Financials & Key Ratios

WMG•NASDAQ

$28.50

$14.88B mkt cap·40.7× P/E·Price updated May 6, 2026

SectorCommunication Services IndustryEntertainment Sub-IndustryMusic and Audio Platforms

AboutWarner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 100,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.Show more

Revenue$6.71B+4.4%
EBITDA$1.16B+0.5%
Net Income$365M-16.1%
EPS (Diluted)0.70-16.7%
Gross Margin45.85%-4.1%
EBITDA Margin17.24%-3.7%
Operating Margin10.35%-19.2%
Net Margin5.44%-19.6%
ROE50.98%-35.3%
ROIC11.44%-22.9%
Debt/Equity6.09-4.2%
Interest Coverage4.10-13.4%

Analysis→Technical→

WMG Key Insights

Warner Music Group Corp. (WMG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 91.2%
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 2.6%

✗Weaknesses

✗High debt to equity ratio of 6.1x
✗Weak Piotroski F-Score: 3/9
✗Dividend payout exceeds 100% of earnings
✗Expensive at 19.5x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

WMG Price & Volume

Warner Music Group Corp. (WMG) stock price & volume — 10-year historical chart

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WMG Growth Metrics

Warner Music Group Corp. (WMG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.5%

5 Years8.49%

3 Years4.25%

TTM8.46%

Profit CAGR

10 Years-

5 Years-

3 Years-12.83%

TTM-40.43%

EPS CAGR

10 Years-

5 Years-

3 Years-12.92%

TTM-39.16%

Return on Capital

10 Years10.16%

5 Years15.59%

3 Years15.16%

Last Year12.75%

WMG Recent Earnings

Warner Music Group Corp. (WMG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 9/12 qtrs (75%)

Q1 2026Latest

Feb 5, 2026

EPS

$0.33

Est $0.40

-17.5%

Revenue

$1.8B

Est $1.8B

+3.8%

Q4 2025

Nov 20, 2025

EPS

$0.21

Est $0.35

-40.0%

Revenue

$1.9B

Est $1.8B

+5.4%

Q3 2025

Aug 7, 2025

EPS

$0.03

Est $0.29

-110.3%

Revenue

$1.7B

Est $1.6B

+6.0%

Q2 2025

May 8, 2025

EPS

$0.07

Est $0.28

-75.2%

Revenue

$1.5B

Est $1.5B

-2.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 5, 2026	$0.33vs $0.40-17.5%	$1.8Bvs $1.8B+3.8%
Q4 2025	Nov 20, 2025	$0.21vs $0.35-40.0%	$1.9Bvs $1.8B+5.4%
Q3 2025	Aug 7, 2025	$0.03vs $0.29-110.3%	$1.7Bvs $1.6B+6.0%
Q2 2025	May 8, 2025	$0.07vs $0.28-75.2%	$1.5Bvs $1.5B-2.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
SONYSony Group CorporationDirect Competitor	119.98B	20.12	16.72	-0.49%	9.17%	14.64%	8.94%	0.49
LYVLive Nation Entertainment, Inc.Direct Competitor	36.54B	157.26	-655.25	8.83%	0.33%	5.08%	0.91%	6.84
MMYTMakeMyTrip LimitedDirect Competitor	4.22B	47.06	56.70	25.02%	5.46%	8.18%	4.12%	0.20
SPOTSpotify Technology S.A.Product Competitor	86.35B	419.53	34.01	9.65%	15.45%	35.34%	3.9%	0.28
AAPLApple Inc.Product Competitor	4.17T	284.18	38.09	6.43%	27.15%	146.69%	2.37%	1.52
AMZNAmazon.com, Inc.Product Competitor	2.94T	273.52	38.15	12.38%	12.22%	23.34%	0.26%	0.37
GOOGLAlphabet Inc.Product Competitor	4.7T	388.47	35.94	15.13%	37.91%	38.98%	1.56%	0.14
IHRTiHeartMedia, Inc.Product Competitor	974.57M	6.28	-2.06	0.27%	-12.23%		1.12%

Compare WMG vs Peers

Warner Music Group Corp. (WMG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SONY

Most directly comparable listed peer for WMG.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare WMG against a more recognizable public peer.

Peer Set

Compare Top 5

vs SONY, LYV, MMYT, SPOT

WMG Income Statement

Warner Music Group Corp. (WMG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Sales/Revenue	3.58B	4B	4.47B	4.46B	5.3B	5.92B	6.04B	6.43B	6.71B	6.88B
Revenue Growth %	10.17%	12%	11.74%	-0.27%	18.78%	11.66%	1.99%	6.44%	4.37%	8.46%
Cost of Goods Sold	1.93B	2.17B	2.4B	2.33B	2.74B	3.08B	3.18B	3.35B	3.63B	3.82B
COGS % of Revenue	54%	54.21%	53.65%	52.27%	51.73%	52.04%	52.63%	52.21%	54.15%	-
Gross Profit	1.65B▲ 0%	1.83B▲ 11.5%	2.07B▲ 13.1%	2.13B▲ 2.7%	2.56B▲ 20.1%	2.84B▲ 10.9%	2.86B▲ 0.7%	3.07B▲ 7.4%	3.08B▲ 0.1%	3.06B▲ 0%
Gross Margin %	46%	45.79%	46.35%	47.73%	48.27%	47.96%	47.37%	47.79%	45.85%	44.43%
Gross Profit Growth %	6.89%	11.49%	13.09%	2.7%	20.14%	10.94%	0.74%	7.38%	0.13%	-
Operating Expenses	1.42B	1.62B	1.72B	2.36B	1.95B	2.13B	2.07B	2.25B	2.38B	2.25B
OpEx % of Revenue	39.79%	40.37%	38.39%	52.86%	36.79%	35.9%	34.29%	34.98%	35.5%	-
Selling, General & Admin	1.22B	1.41B	1.51B	2.17B	1.72B	1.79B	1.74B	1.78B	1.71B	1.7B
SG&A % of Revenue	34.17%	35.23%	33.74%	48.6%	32.47%	30.17%	28.81%	27.64%	25.56%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	201M	206M	208M	190M	229M	339M	331M	472M	667M	3M
Operating Income	222M▲ 0%	217M▼ 2.3%	356M▲ 64.1%	-229M▼ 164.3%	609M▲ 365.9%	714M▲ 17.2%	790M▲ 10.6%	823M▲ 4.2%	694M▼ 15.7%	807M▲ 0%
Operating Margin %	6.21%	5.42%	7.96%	-5.13%	11.49%	12.06%	13.09%	12.81%	10.35%	11.73%
Operating Income Growth %	3.74%	-2.25%	64.06%	-164.33%	365.94%	17.24%	10.64%	4.18%	-15.67%	-
EBITDA	473M	478M	625M	32M	915M	1.05B	1.12B	1.15B	1.16B	1.28B
EBITDA Margin %	13.23%	11.94%	13.97%	0.72%	17.26%	17.79%	18.59%	17.9%	17.24%	18.63%
EBITDA Growth %	-6.71%	1.06%	30.75%	-94.88%	2759.38%	15.08%	6.55%	2.5%	0.52%	26.31%
D&A (Non-Cash Add-back)	251M	261M	269M	261M	306M	339M	332M	327M	462M	475M
EBIT	147M	580M	409M	-320M	578M	865M	750M	762M	652M	576M
Net Interest Income	-149M	-138M	-142M	-127M	-122M	-125M	-141M	-161M	-159M	-167M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	149M	138M	142M	127M	122M	125M	141M	161M	159M	167M
Other Income/Expense	-224M	225M	-89M	-218M	-153M	26M	-181M	-222M	-204M	-401M
Pretax Income	-2M▲ 0%	442M▲ 22200.0%	267M▼ 39.6%	-447M▼ 267.4%	456M▲ 202.0%	740M▲ 62.3%	609M▼ 17.7%	601M▼ 1.3%	490M▼ 18.5%	406M▲ 0%
Pretax Margin %	-0.06%	11.04%	5.97%	-10.02%	8.6%	12.5%	10.09%	9.35%	7.31%	5.9%
Income Tax	-151M	130M	9M	23M	149M	185M	170M	123M	120M	102M
Effective Tax Rate %	7550%	29.41%	3.37%	-5.15%	32.68%	25%	27.91%	20.47%	24.49%	25.12%
Net Income	143M▲ 0%	307M▲ 114.7%	256M▼ 16.6%	-475M▼ 285.5%	304M▲ 164.0%	551M▲ 81.3%	430M▼ 22.0%	435M▲ 1.2%	365M▼ 16.1%	305M▲ 0%
Net Margin %	4%	7.67%	5.72%	-10.64%	5.73%	9.31%	7.12%	6.77%	5.44%	4.43%
Net Income Growth %	472%	114.69%	-16.61%	-285.55%	164%	81.25%	-21.96%	1.16%	-16.09%	-40.43%
Net Income (Continuing)	149M	312M	258M	-470M	307M	555M	439M	478M	370M	304M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	15M	14M	20M	18M	15M	16M	123M	157M	110M	109M
EPS (Diluted)	0.28▲ 0%	0.62▲ 121.4%	0.50▼ 19.4%	-0.93▼ 286.0%	0.58▲ 162.4%	1.06▲ 82.8%	0.82▼ 22.6%	0.84▲ 2.4%	0.70▼ 16.7%	0.59▲ 0%
EPS Growth %	462.25%	121.43%	-19.35%	-286%	162.37%	82.76%	-22.64%	2.44%	-16.67%	-39.16%
EPS (Basic)	0.28	0.62	0.50	-0.93	0.58	1.06	0.82	0.83	0.70	-
Diluted Shares Outstanding	501.99M	501.99M	510M	510.03M	513.47M	519.81M	515.72M	517.52M	519.05M	519.05M
Basic Shares Outstanding	501.99M	501.99M	510M	510.03M	513.47M	519.81M	515.72M	517.52M	519.05M	519.05M
Dividend Payout Ratio	58.74%	301.3%	36.72%	-	87.17%	57.71%	79.07%	82.99%	104.93%	-

WMG Balance Sheet

Warner Music Group Corp. (WMG) balance sheet — assets, liabilities & shareholders' equity

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Total Current Assets	1.27B	1.18B	1.69B	1.68B	1.9B	2.14B	2.4B	2.64B	2.77B	3.02B
Cash & Short-Term Investments	647M	514M	619M	553M	499M	584M	641M	694M	532M	751M
Cash Only	647M	514M	619M	553M	499M	584M	641M	694M	532M	751M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	404M	447M	775M	771M	839M	984M	1.12B	1.25B	1.34B	1.37B
Days Sales Outstanding	41.24	40.74	63.21	63.06	57.77	60.68	67.72	71.28	72.92	69.45
Inventory	39M	42M	74M	79M	99M	108M	126M	99M	62M	60M
Days Inventory Outstanding	7.37	7.06	11.25	12.36	13.18	12.8	14.48	10.77	6.23	7.42
Other Current Assets	44M	50M	53M	55M	86M	91M	102M	125M	255M	249M
Total Non-Current Assets	4.44B	4.17B	4.33B	4.73B	5.32B	5.69B	6.14B	6.51B	7.06B	6.99B
Property, Plant & Equipment	213M	229M	300M	604M	632M	641M	703M	706M	630M	597M
Fixed Asset Turnover	16.79x	17.49x	14.92x	7.39x	8.39x	9.23x	8.59x	9.10x	10.65x	10.45x
Goodwill	1.69B	1.69B	1.76B	1.83B	1.83B	1.92B	1.99B	2.02B	2.06B	2.06B
Intangible Assets	2.21B	2B	1.87B	1.81B	2.17B	2.38B	2.5B	2.51B	2.73B	2.84B
Long-Term Investments	0	0	0	0	63M	16M	15M	9M	8M	25M
Other Non-Current Assets	241M	231M	353M	422M	588M	699M	898M	1.21B	1.52B	5.55B
Total Assets	5.72B▲ 0%	5.34B▼ 6.5%	6.02B▲ 12.6%	6.41B▲ 6.5%	7.21B▲ 12.5%	7.83B▲ 8.6%	8.54B▲ 9.2%	9.15B▲ 7.1%	9.83B▲ 7.4%	10.01B▲ 0%
Asset Turnover	0.63x	0.75x	0.74x	0.70x	0.74x	0.76x	0.71x	0.70x	0.68x	0.70x
Asset Growth %	7.18%	-6.54%	12.59%	6.53%	12.5%	8.56%	9.16%	7.14%	7.36%	37.13%
Total Current Liabilities	2.1B	2.37B	2.82B	2.72B	3.15B	3.37B	3.54B	3.9B	4.2B	4.31B
Accounts Payable	208M	281M	260M	264M	302M	268M	300M	289M	257M	201M
Days Payables Outstanding	39.32	47.24	39.53	41.3	40.2	31.76	34.47	31.44	25.83	24.96
Short-Term Debt	0	0	0	0	0	0	0	0	0	47M
Deferred Revenue (Current)	197M	208M	180M	297M	348M	423M	371M	246M	286M	1.18B
Other Current Liabilities	26M	34M	286M	80M	102M	245M	57M	110M	3.62B	3.82B
Current Ratio	0.61x	0.50x	0.60x	0.62x	0.60x	0.64x	0.68x	0.68x	0.66x	0.66x
Quick Ratio	0.59x	0.48x	0.57x	0.59x	0.57x	0.60x	0.64x	0.65x	0.64x	0.64x
Cash Conversion Cycle	9.29	0.56	34.94	34.11	30.75	41.72	47.73	50.61	53.33	51.91
Total Non-Current Liabilities	3.31B	3.29B	3.47B	3.73B	4.01B	4.29B	4.58B	4.58B	4.87B	4.87B
Long-Term Debt	2.81B	2.82B	2.97B	3.1B	3.35B	3.73B	3.96B	4.01B	4.37B	4.56B
Capital Lease Obligations	0	0	0	299M	287M	241M	255M	228M	200M	816M
Deferred Tax Liabilities	190M	165M	172M	163M	207M	220M	216M	195M	164M	751M
Other Non-Current Liabilities	309M	307M	321M	169M	175M	99M	141M	146M	142M	374M
Total Liabilities	5.41B	5.66B	6.29B	6.46B	7.17B	7.66B	8.12B	8.48B	9.07B	9.18B
Total Debt	2.81B	2.82B	2.97B	3.44B	3.68B	4.01B	4.26B	4.29B	4.61B	4.79B
Net Debt	2.16B	2.31B	2.35B	2.89B	3.18B	3.43B	3.62B	3.59B	4.08B	4.04B
Debt / Equity	9.13x	-	-	-	79.91x	23.89x	9.91x	6.35x	6.09x	6.09x
Debt / EBITDA	5.94x	5.90x	4.76x	107.56x	4.02x	3.81x	3.80x	3.73x	3.99x	3.74x
Net Debt / EBITDA	4.58x	4.82x	3.77x	90.28x	3.47x	3.26x	3.23x	3.12x	3.53x	3.53x
Interest Coverage	0.99x	4.20x	2.88x	-2.52x	4.74x	6.92x	5.32x	4.73x	4.10x	3.45x
Total Equity	308M▲ 0%	-320M▼ 203.9%	-269M▲ 15.9%	-45M▲ 83.3%	46M▲ 202.2%	168M▲ 265.2%	430M▲ 156.0%	675M▲ 57.0%	757M▲ 12.1%	829M▲ 0%
Equity Growth %	46.67%	-203.9%	15.94%	83.27%	202.22%	265.22%	155.95%	56.98%	12.15%	94%
Book Value per Share	0.61	-0.64	-0.53	-0.09	0.09	0.32	0.83	1.30	1.46	1.60
Total Shareholders' Equity	293M	-334M	-289M	-63M	31M	152M	307M	518M	647M	720M
Common Stock	0	0	1M	1M	1M	1M	1M	1M	1M	1M
Retained Earnings	-654M	-1.27B	-1.18B	-1.75B	-1.71B	-1.48B	-1.39B	-1.31B	-1.33B	-1.25B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-181M	-190M	-240M	-222M	-202M	-347M	-322M	-247M	-189M	-180M
Minority Interest	15M	14M	20M	18M	15M	16M	123M	157M	110M	109M

WMG Cash Flow Statement

Warner Music Group Corp. (WMG) cash flow — operating, investing & free cash flow history

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Cash from Operations	535M	425M	400M	463M	638M	742M	687M	754M	678M	678M
Operating CF Margin %	14.96%	10.61%	8.94%	10.37%	12.04%	12.54%	11.38%	11.73%	10.11%	-
Operating CF Growth %	56.43%	-20.56%	-5.88%	15.75%	37.8%	16.3%	-7.41%	9.75%	-10.08%	255.57%
Net Income	149M	312M	258M	-470M	307M	555M	439M	478M	370M	305M
Depreciation & Amortization	251M	261M	269M	261M	306M	339M	332M	327M	376M	389M
Stock-Based Compensation	70M	62M	50M	608M	45M	39M	49M	52M	54M	60M
Deferred Taxes	-192M	66M	-68M	-57M	27M	13M	-13M	-48M	-90M	-88M
Other Non-Cash Items	84M	-355M	-35M	91M	34M	-117M	-1M	93M	189M	328M
Working Capital Changes	173M	79M	-74M	30M	-81M	-87M	-119M	-148M	-221M	-207M
Change in Receivables	-60M	-43M	-90M	18M	-58M	-195M	-113M	-110M	-61M	-118M
Change in Inventory	1M	-3M	3M	-2M	-19M	-22M	-12M	30M	-11M	-9M
Change in Payables	48M	82M	3M	-32M	91M	-21M	77M	86M	-28M	121M
Cash from Investing	-126M	405M	-376M	-219M	-638M	-824M	-300M	-311M	-340M	-311M
Capital Expenditures	-60M	-88M	-145M	-125M	-574M	-326M	-241M	-303M	-334M	-307M
CapEx % of Revenue	1.68%	2.2%	3.24%	2.8%	10.83%	5.51%	3.99%	4.72%	4.98%	-
Acquisitions	73M	-23M	-231M	-94M	0	0	45M	19M	0	38M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-73M	23M	231M	94M	0	0	0	0	0	-46M
Cash from Financing	-128M	-955M	88M	-316M	-61M	188M	-325M	-396M	-497M	-529M
Debt Issued (Net)	1M	10M	197M	75M	244M	535M	164M	-2M	-1M	4M
Equity Issued (Net)	0	0	0	0	0	-6M	0	-5M	-16M	-57M
Dividends Paid	-84M	-925M	-94M	-344M	-265M	-318M	-340M	-361M	-383M	-389M
Share Repurchases	0	0	0	0	0	-6M	0	-5M	-16M	-57M
Other Financing	-45M	-40M	-15M	-47M	-40M	-23M	-149M	-28M	-97M	-87M
Net Change in Cash	288M▲ 0%	-133M▼ 146.2%	105M▲ 178.9%	-66M▼ 162.9%	-54M▲ 18.2%	85M▲ 257.4%	57M▼ 32.9%	53M▼ 7.0%	-162M▼ 405.7%	-51M▲ 0%
Free Cash Flow	475M▲ 0%	337M▼ 29.1%	255M▼ 24.3%	338M▲ 32.5%	64M▼ 81.1%	416M▲ 550.0%	446M▲ 7.2%	638M▲ 43.0%	539M▼ 15.5%	522M▲ 0%
FCF Margin %	13.28%	8.41%	5.7%	7.57%	1.21%	7.03%	7.39%	9.93%	8.04%	7.59%
FCF Growth %	72.73%	-29.05%	-24.33%	32.55%	-81.07%	550%	7.21%	43.05%	-15.52%	-10.46%
FCF per Share	0.95	0.67	0.50	0.66	0.12	0.80	0.86	1.23	1.04	1.04
FCF Conversion (FCF/Net Income)	3.74x	1.38x	1.56x	-0.97x	2.10x	1.35x	1.60x	1.73x	1.86x	1.71x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

WMG Key Ratios

Warner Music Group Corp. (WMG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	55.21%	-	-	-	60800%	514.95%	143.81%	78.73%	50.98%	38.27%
Return on Invested Capital (ROIC)	6.53%	7.3%	13.12%	-6.97%	15.06%	15.7%	15.5%	14.84%	11.44%	11.44%
Gross Margin	46%	45.79%	46.35%	47.73%	48.27%	47.96%	47.37%	47.79%	45.85%	44.43%
Net Margin	4%	7.67%	5.72%	-10.64%	5.73%	9.31%	7.12%	6.77%	5.44%	4.43%
Debt / Equity	9.13x	-	-	-	79.91x	23.89x	9.91x	6.35x	6.09x	6.09x
Interest Coverage	0.99x	4.20x	2.88x	-2.52x	4.74x	6.92x	5.32x	4.73x	4.10x	3.45x
FCF Conversion	3.74x	1.38x	1.56x	-0.97x	2.10x	1.35x	1.60x	1.73x	1.86x	1.71x
Revenue Growth	10.17%	12%	11.74%	-0.27%	18.78%	11.66%	1.99%	6.44%	4.37%	8.46%

WMG SEC Filings & Documents

Warner Music Group Corp. (WMG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 11, 2026·SEC

Material company update

Mar 6, 2026·SEC

Material company update

Mar 3, 2026·SEC

10-K Annual Reports

FY 2025

Nov 20, 2025·SEC

FY 2024

Nov 21, 2024·SEC

FY 2023

Nov 21, 2023·SEC

10-Q Quarterly Reports

FY 2026

Feb 9, 2026·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

WMG Frequently Asked Questions

Warner Music Group Corp. (WMG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Warner Music Group Corp. (WMG) reported $6.88B in revenue for fiscal year 2025. This represents a 109% increase from $3.29B in 2002.

Warner Music Group Corp. (WMG) grew revenue by 4.4% over the past year. Growth has been modest.

Yes, Warner Music Group Corp. (WMG) is profitable, generating $305.0M in net income for fiscal year 2025 (5.4% net margin).

Dividend & Returns

Yes, Warner Music Group Corp. (WMG) pays a dividend with a yield of 2.59%. This makes it attractive for income-focused investors.

Warner Music Group Corp. (WMG) has a return on equity (ROE) of 51.0%. This is excellent, indicating efficient use of shareholder capital.

Warner Music Group Corp. (WMG) generated $522.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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