Universal Music Group N.V. (AMS:UMG)

Universal Music Group Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	12,507	11,834	11,108	10,340	8,504
Revenue Growth (YoY)	5.69%	6.54%	7.43%	21.59%	14.42%
Cost of Revenue	7,196	6,746	6,208	5,753	4,608
Gross Profit	5,311	5,088	4,900	4,587	3,896
Selling, General & Admin	2,982	3,015	3,213	2,702	2,327
Depreciation & Amortization Expenses	331	298	269	285	175
Total Operating Expenses	3,313	3,313	3,482	2,987	2,502
Operating Income	1,998	1,775	1,418	1,600	1,394
Interest Income	339	1,279	454	37	143
Interest Expense	-233	-187	-151	-735	-377
Other Non-Operating Income (Expense)	-18	4	-	-2	5
Total Non-Operating Income (Expense)	88	1,096	303	-700	-229
Pretax Income	2,086	2,871	1,721	900	1,165
Provision for Income Taxes	546	778	458	115	277
Net Income	1,533	2,086	1,259	782	886
Minority Interest in Earnings	7	7	4	3	2
Net Income to Common	1,533	2,086	1,259	782	886
Net Income Growth	-26.51%	65.69%	61.00%	-11.74%	-35.14%
Shares Outstanding (Basic)	1,833	1,827	1,819	1,813	1,813
Shares Outstanding (Diluted)	1,853	1,852	1,842	1,816	1,814
Shares Change (YoY)	0.05%	0.54%	1.43%	0.11%	0.06%
EPS (Basic)	0.84	1.14	0.69	0.43	0.49
EPS (Diluted)	0.83	1.13	0.68	0.43	0.49
EPS Growth	-26.55%	66.18%	58.14%	-12.25%	-34.67%
Shares Outstanding	1,834	1,829	1,819	1,813	1,813
Free Cash Flow	1,669	1,664	1,838	1,699	1,127
Free Cash Flow Growth	0.30%	-9.47%	8.18%	50.75%	-
Free Cash Flow Per Share	0.90	0.90	1.00	0.94	0.62
Dividends Per Share	0.520	0.520	0.510	0.510	0.400
Dividend Growth	-	1.96%	-	27.50%	-
Gross Margin	42.46%	42.99%	44.11%	44.36%	45.81%
Operating Margin	15.98%	15.00%	12.77%	15.47%	16.39%
Profit Margin	12.31%	17.69%	11.37%	7.59%	10.44%
FCF Margin	13.34%	14.06%	16.55%	16.43%	13.25%
EBITDA	2,444	2,184	1,418	1,977	1,394
EBITDA Margin	19.54%	18.46%	12.77%	19.12%	16.39%
EBIT	1,998	1,775	1,418	1,600	1,394
EBIT Margin	15.98%	15.00%	12.77%	15.47%	16.39%
Effective Tax Rate	26.17%	27.10%	26.61%	12.78%	23.78%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.