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Warner Music Group Corp.(WMG)Earnings, Financials & Key Ratios
WMG•NASDAQ
40.2× P/E·Price updated Jun 19, 2026
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%
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 19.3x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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%
TTM12.55%
Profit CAGR
10 Years-
5 Years-
3 Years-12.83%
TTM0%
EPS CAGR
10 Years-
5 Years-
3 Years-12.92%
TTM1.49%
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
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.35+31.0%
$0.27
Rev
$1.7B+7.4%
$1.6B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.33-17.5%
$0.40
Rev
$1.8B+3.8%
$1.8B
Q4 2025
Nov 20, 2025Metric
Actual
Est
EPS
$0.21-40.0%
$0.35
Rev
$1.9B+5.4%
$1.8B
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.03-110.3%
$0.29
Rev
$1.7B+6.0%
$1.6B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.35vs $0.27+31.0% | $1.7Bvs $1.6B+7.4% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
WMG Peer Comparison
Warner Music Group Corp. (WMG) competitors in Music and Audio Platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SONY | 120.11B | 20.33 | -56.76 | 2.12% | -2.73% | -4.08% | 0.20 | |
 LYV | 39.79B | 171.24 | -713.50 | 8.83% | 0.33% | 4.44% | 6.84 | |
 MMYT | 4.43B | 46.72 | 99.40 | 6.71% | 4.96% | 9.01% | ||
 SPOT | 96.35B | 468.08 | 38.69 | 9.65% | 15.45% | 35.34% | 0.28 | |
 AAPL | 4.38T | 298.01 | 39.95 | 6.43% | 27.15% | 146.69% | 1.52 | |
 AMZN | 2.63T | 244.39 | 34.09 | 12.38% | 12.22% | 23.34% | 0.37 | |
 GOOGL | 4.45T | 368.03 | 34.05 | 15.13% | 37.91% | 38.98% | 0.14 | |
 IHRT | 466.71M | 3.59 | -1.18 | 0.27% | -7.28% |
Compare WMG vs Peers
Warner Music Group Corp. (WMG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WMG Income Statement
Warner Music Group Corp. (WMG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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 | 7.13B |
Revenue Growth % | 10.17% | 12% | 11.74% | -0.27% | 18.78% | 11.66% | 1.99% | 6.44% | 4.37% | 12.55% |
Cost of Goods Sold | 1.93B | 2.17B | 2.4B | 2.33B | 2.74B | 3.08B | 3.18B | 3.35B | 3.63B | 3.86B |
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% | 3.27B▲ 0% |
Gross Margin % | 46% | 45.79% | 46.35% | 47.73% | 48.27% | 47.96% | 47.37% | 47.79% | 45.85% | 45.8% |
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 | 2.36B |
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 | 4M |
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% | 909M▲ 0% |
Operating Margin % | 6.21% | 5.42% | 7.96% | -5.13% | 11.49% | 12.06% | 13.09% | 12.81% | 10.35% | 12.75% |
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 | 1.4B |
EBITDA Margin % | 13.23% | 11.94% | 13.97% | 0.72% | 17.26% | 17.79% | 18.59% | 17.9% | 17.24% | 19.6% |
EBITDA Growth % | -6.71% | 1.06% | 30.75% | -94.88% | 2759.38% | 15.08% | 6.55% | 2.5% | 0.52% | 30.44% |
D&A (Non-Cash Add-back) | 251M | 261M | 269M | 261M | 306M | 339M | 332M | 327M | 462M | 488M |
EBIT | 147M | 580M | 409M | -320M | 578M | 865M | 750M | 762M | 652M | 767M |
Net Interest Income | -149M | -138M | -142M | -127M | -122M | -125M | -141M | -161M | -159M | -169M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 149M | 138M | 142M | 127M | 122M | 125M | 141M | 161M | 159M | 169M |
Other Income/Expense | -224M | 225M | -89M | -218M | -153M | 26M | -181M | -222M | -204M | -314M |
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% | 595M▲ 0% |
Pretax Margin % | -0.06% | 11.04% | 5.97% | -10.02% | 8.6% | 12.5% | 10.09% | 9.35% | 7.31% | 8.35% |
Income Tax | -151M | 130M | 9M | 23M | 149M | 185M | 170M | 123M | 120M | 146M |
Effective Tax Rate % | 7550% | 29.41% | 3.37% | -5.15% | 32.68% | 25% | 27.91% | 20.47% | 24.49% | 24.54% |
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% | 452M▲ 0% |
Net Margin % | 4% | 7.67% | 5.72% | -10.64% | 5.73% | 9.31% | 7.12% | 6.77% | 5.44% | 6.34% |
Net Income Growth % | 472% | 114.69% | -16.61% | -285.55% | 164% | 81.25% | -21.96% | 1.16% | -16.09% | 0% |
Net Income (Continuing) | 149M | 312M | 258M | -470M | 307M | 555M | 439M | 478M | 370M | 449M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 15M | 14M | 20M | 18M | 15M | 16M | 123M | 157M | 110M | 234M |
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% | 0.87▲ 0% |
EPS Growth % | 462.25% | 121.43% | -19.35% | -286% | 162.37% | 82.76% | -22.64% | 2.44% | -16.67% | 1.49% |
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
| Metric | 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 | 3.22B |
Cash & Short-Term Investments | 647M | 514M | 619M | 553M | 499M | 584M | 641M | 694M | 532M | 741M |
Cash Only | 647M | 514M | 619M | 553M | 499M | 584M | 641M | 694M | 532M | 741M |
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 | 1.5B |
Days Sales Outstanding | 41.24 | 40.74 | 63.21 | 63.06 | 57.77 | 60.68 | 67.72 | 71.28 | 72.92 | 70.71 |
Inventory | 39M | 42M | 74M | 79M | 99M | 108M | 126M | 99M | 62M | 65M |
Days Inventory Outstanding | 7.37 | 7.06 | 11.25 | 12.36 | 13.18 | 12.8 | 14.48 | 10.77 | 6.23 | 6.8 |
Other Current Assets | 44M | 50M | 53M | 55M | 86M | 91M | 102M | 125M | 255M | 260M |
Total Non-Current Assets | 4.44B | 4.17B | 4.33B | 4.73B | 5.32B | 5.69B | 6.14B | 6.51B | 7.06B | 7.39B |
Property, Plant & Equipment | 213M | 229M | 300M | 604M | 632M | 641M | 703M | 706M | 630M | 582M |
Fixed Asset Turnover | 16.79x | 17.49x | 14.92x | 7.39x | 8.39x | 9.23x | 8.59x | 9.10x | 10.65x | 11.42x |
Goodwill | 1.69B | 1.69B | 1.76B | 1.83B | 1.83B | 1.92B | 1.99B | 2.02B | 2.06B | 2.05B |
Intangible Assets | 2.21B | 2B | 1.87B | 1.81B | 2.17B | 2.38B | 2.5B | 2.51B | 2.73B | 3.25B |
Long-Term Investments | 0 | 0 | 0 | 0 | 63M | 16M | 15M | 9M | 8M | 17M |
Other Non-Current Assets | 241M | 231M | 353M | 422M | 588M | 699M | 898M | 1.21B | 1.52B | 1.41B |
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% | 10.61B▲ 0% |
Asset Turnover | 0.63x | 0.75x | 0.74x | 0.70x | 0.74x | 0.76x | 0.71x | 0.70x | 0.68x | 0.71x |
Asset Growth % | 7.18% | -6.54% | 12.59% | 6.53% | 12.5% | 8.56% | 9.16% | 7.14% | 7.36% | 38.46% |
Total Current Liabilities | 2.1B | 2.37B | 2.82B | 2.72B | 3.15B | 3.37B | 3.54B | 3.9B | 4.2B | 4.42B |
Accounts Payable | 208M | 281M | 260M | 264M | 302M | 268M | 300M | 289M | 257M | 452M |
Days Payables Outstanding | 39.32 | 47.24 | 39.53 | 41.3 | 40.2 | 31.76 | 34.47 | 31.44 | 25.83 | 27.18 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 197M | 208M | 180M | 297M | 348M | 423M | 371M | 246M | 286M | 1.31B |
Other Current Liabilities | 26M | 34M | 286M | 80M | 102M | 245M | 57M | 110M | 3.62B | 141M |
Current Ratio | 0.61x | 0.50x | 0.60x | 0.62x | 0.60x | 0.64x | 0.68x | 0.68x | 0.66x | 0.73x |
Quick Ratio | 0.59x | 0.48x | 0.57x | 0.59x | 0.57x | 0.60x | 0.64x | 0.65x | 0.64x | 0.71x |
Cash Conversion Cycle | 9.29 | 0.56 | 34.94 | 34.11 | 30.75 | 41.72 | 47.73 | 50.61 | 53.33 | 50.33 |
Total Non-Current Liabilities | 3.31B | 3.29B | 3.47B | 3.73B | 4.01B | 4.29B | 4.58B | 4.58B | 4.87B | 5.22B |
Long-Term Debt | 2.81B | 2.82B | 2.97B | 3.1B | 3.35B | 3.73B | 3.96B | 4.01B | 4.37B | 4.72B |
Capital Lease Obligations | 0 | 0 | 0 | 299M | 287M | 241M | 255M | 228M | 200M | 774M |
Deferred Tax Liabilities | 190M | 165M | 172M | 163M | 207M | 220M | 216M | 195M | 164M | 717M |
Other Non-Current Liabilities | 309M | 307M | 321M | 169M | 175M | 99M | 141M | 146M | 142M | 146M |
Total Liabilities | 5.41B | 5.66B | 6.29B | 6.46B | 7.17B | 7.66B | 8.12B | 8.48B | 9.07B | 9.64B |
Total Debt | 2.81B | 2.82B | 2.97B | 3.44B | 3.68B | 4.01B | 4.26B | 4.29B | 4.61B | 4.94B |
Net Debt | 2.16B | 2.31B | 2.35B | 2.89B | 3.18B | 3.43B | 3.62B | 3.59B | 4.08B | 4.2B |
Debt / Equity | 9.13x | - | - | - | 79.91x | 23.89x | 9.91x | 6.35x | 6.09x | 5.08x |
Debt / EBITDA | 5.94x | 5.90x | 4.76x | 107.56x | 4.02x | 3.81x | 3.80x | 3.73x | 3.99x | 3.54x |
Net Debt / EBITDA | 4.58x | 4.82x | 3.77x | 90.28x | 3.47x | 3.26x | 3.23x | 3.12x | 3.53x | 3.01x |
Interest Coverage | 0.99x | 4.20x | 2.88x | -2.52x | 4.74x | 6.92x | 5.32x | 4.73x | 4.10x | 4.54x |
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% | 972M▲ 0% |
Equity Growth % | 46.67% | -203.9% | 15.94% | 83.27% | 202.22% | 265.22% | 155.95% | 56.98% | 12.15% | 82% |
Book Value per Share | 0.61 | -0.64 | -0.53 | -0.09 | 0.09 | 0.32 | 0.83 | 1.30 | 1.46 | 1.87 |
Total Shareholders' Equity | 293M | -334M | -289M | -63M | 31M | 152M | 307M | 518M | 647M | 738M |
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 | -1.17B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -181M | -190M | -240M | -222M | -202M | -347M | -322M | -247M | -189M | -225M |
Minority Interest | 15M | 14M | 20M | 18M | 15M | 16M | 123M | 157M | 110M | 234M |
WMG Cash Flow Statement
Warner Music Group Corp. (WMG) cash flow — operating, investing & free cash flow history
| Metric | 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 | 851M |
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% | 27.19% |
Net Income | 149M | 312M | 258M | -470M | 307M | 555M | 439M | 478M | 370M | 452M |
Depreciation & Amortization | 251M | 261M | 269M | 261M | 306M | 339M | 332M | 327M | 376M | 402M |
Stock-Based Compensation | 70M | 62M | 50M | 608M | 45M | 39M | 49M | 52M | 54M | 46M |
Deferred Taxes | -192M | 66M | -68M | -57M | 27M | 13M | -13M | -48M | -90M | -75M |
Other Non-Cash Items | 84M | -355M | -35M | 91M | 34M | -117M | -1M | 93M | 189M | 232M |
Working Capital Changes | 173M | 79M | -74M | 30M | -81M | -87M | -119M | -148M | -221M | -203M |
Change in Receivables | -60M | -43M | -90M | 18M | -58M | -195M | -113M | -110M | -61M | -270M |
Change in Inventory | 1M | -3M | 3M | -2M | -19M | -22M | -12M | 30M | -11M | -15M |
Change in Payables | 48M | 82M | 3M | -32M | 91M | -21M | 77M | 86M | -28M | 56M |
Cash from Investing | -126M | 405M | -376M | -219M | -638M | -824M | -300M | -311M | -340M | -666M |
Capital Expenditures | -60M | -88M | -145M | -125M | -574M | -326M | -241M | -303M | -334M | -646M |
CapEx % of Revenue | 1.68% | 2.2% | 3.24% | 2.8% | 10.83% | 5.51% | 3.99% | 4.72% | 4.98% | 9.06% |
Acquisitions | 73M | -23M | -231M | -94M | 0 | 0 | 45M | 19M | 0 | 22M |
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 | -83M |
Debt Issued (Net) | 1M | 10M | 197M | 75M | 244M | 535M | 164M | -2M | -1M | 358M |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -6M | 0 | -5M | -16M | -62M |
Dividends Paid | -84M | -925M | -94M | -344M | -265M | -318M | -340M | -361M | -383M | -394M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -6M | 0 | -5M | -16M | -62M |
Other Financing | -45M | -40M | -15M | -47M | -40M | -23M | -149M | -28M | -97M | 15M |
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% | 104M▲ 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% | 675M▲ 0% |
FCF Margin % | 13.28% | 8.41% | 5.7% | 7.57% | 1.21% | 7.03% | 7.39% | 9.93% | 8.04% | 9.47% |
FCF Growth % | 72.73% | -29.05% | -24.33% | 32.55% | -81.07% | 550% | 7.21% | 43.05% | -15.52% | 9.4% |
FCF per Share | 0.95 | 0.67 | 0.50 | 0.66 | 0.12 | 0.80 | 0.86 | 1.23 | 1.04 | 1.30 |
FCF Conversion (FCF/Net Income) | 3.74x | 1.38x | 1.56x | -0.97x | 2.10x | 1.35x | 1.60x | 1.73x | 1.86x | 1.49x |
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% | 53.65% |
Return on Invested Capital (ROIC) | 6.53% | 7.3% | 13.12% | -6.97% | 15.06% | 15.7% | 15.5% | 14.84% | 11.44% | 13.79% |
Gross Margin | 46% | 45.79% | 46.35% | 47.73% | 48.27% | 47.96% | 47.37% | 47.79% | 45.85% | 45.8% |
Net Margin | 4% | 7.67% | 5.72% | -10.64% | 5.73% | 9.31% | 7.12% | 6.77% | 5.44% | 6.34% |
Debt / Equity | 9.13x | - | - | - | 79.91x | 23.89x | 9.91x | 6.35x | 6.09x | 5.08x |
Interest Coverage | 0.99x | 4.20x | 2.88x | -2.52x | 4.74x | 6.92x | 5.32x | 4.73x | 4.10x | 4.54x |
FCF Conversion | 3.74x | 1.38x | 1.56x | -0.97x | 2.10x | 1.35x | 1.60x | 1.73x | 1.86x | 1.49x |
Revenue Growth | 10.17% | 12% | 11.74% | -0.27% | 18.78% | 11.66% | 1.99% | 6.44% | 4.37% | 12.55% |
Related:WMG Dividend History·WMG Revenue History·WMG Price History·WMG P/E History·WMG Financial Ratios·WMG Institutional Holders
WMG SEC Filings & Documents
Warner Music Group Corp. (WMG) SEC filings — annual & quarterly reports (10-K, 10-Q)
WMG Frequently Asked Questions
Warner Music Group Corp. (WMG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Warner Music Group Corp. (WMG) reported $7.13B in revenue for fiscal year 2025. This represents a 117% 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 $452.0M 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 2.62%. 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 $675.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.