Warner Music Group Corp. (WMG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WMG Revenue Growth
Revenue Breakdown (FY 2025)
WMG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WMG Revenue Analysis (2014–2025)
As of May 6, 2026, Warner Music Group Corp. (WMG) generated trailing twelve-month (TTM) revenue of $6.88 billion, reflecting strong growth of +10.4% year-over-year. The most recent quarter (Q1 2026) recorded $1.84 billion in revenue, down 1.5% sequentially.
Looking at the longer-term picture, WMG's 5-year compound annual growth rate (CAGR) stands at +8.5%, indicating steady revenue expansion. The company achieved its highest annual revenue of $6.71 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows WMG's business is primarily driven by Recorded Music (81%), and Music Publishing (19%). With over half of revenue concentrated in Recorded Music, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including SONY (+0.6% YoY), LYV (+12.6% YoY), and MMYT (+11.1% YoY), WMG has underperformed the peer group in terms of revenue growth. Compare WMG vs SONY →
WMG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WMGCurrent | $6.9B | +10.4% | +8.5% | 10.3% | |
 SONY | $12.96T | +0.6% | +9.4% | 10.9% | |
 LYV | $25.2B | +12.6% | +68.4% | 5.9% | |
 MMYT | $978M | +11.1% | +13.8% | 12.3% | |
 SPOT | $17.2B | +8.5% | +16.9% | 12.8% | |
 AAPL | $416.2B | +12.8% | +8.7% | 32.0% |
WMG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.71B | +4.4% | $3.08B | 45.8% | $694.0M | 10.3% |
| 2024 | $6.43B | +6.4% | $3.07B | 47.8% | $823.0M | 12.8% |
| 2023 | $6.04B | +2.0% | $2.86B | 47.4% | $790.0M | 13.1% |
| 2022 | $5.92B | +11.7% | $2.84B | 48.0% | $714.0M | 12.1% |
| 2021 | $5.30B | +18.8% | $2.56B | 48.3% | $609.0M | 11.5% |
| 2020 | $4.46B | -0.3% | $2.13B | 47.7% | $-229,000,000 | -5.1% |
| 2019 | $4.47B | +11.7% | $2.07B | 46.3% | $356.0M | 8.0% |
| 2018 | $4.00B | +12.0% | $1.83B | 45.8% | $217.0M | 5.4% |
| 2017 | $3.58B | +10.2% | $1.65B | 46.0% | $222.0M | 6.2% |
| 2016 | $3.25B | +9.4% | $1.54B | 47.4% | $214.0M | 6.6% |
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Start ComparisonWMG — Frequently Asked Questions
Quick answers to the most common questions about buying WMG stock.
Is WMG's revenue growth accelerating or slowing?
WMG maintains +10.4% revenue growth, in line with its 5-year CAGR of +8.5%. TTM revenue stands at $6.9B. Growth rate remains consistent with historical average.
What is WMG's long-term revenue growth rate?
Warner Music Group Corp.'s 5-year revenue CAGR of +8.5% reflects the sustained expansion pattern. Current YoY growth of +10.4% is near this long-term average.
How is WMG's revenue distributed by segment?
WMG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.