Warner Music Group Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	6,881	6,707	6,426	6,037	5,919	5,301
Revenue Growth (YoY)	8.46%	4.37%	6.44%	1.99%	11.66%	18.78%
Cost of Revenue	3,725	3,632	3,355	3,177	3,080	2,742
Gross Profit	3,156	3,075	3,071	2,860	2,839	2,559
Selling, General & Admin	1,873	1,889	1,879	1,826	1,862	1,721
Depreciation & Amortization Expenses	269	258	224	245	263	229
Other Operating Expenses	241	234	177	40	-	-
Operating Income	768	694	823	790	714	609
Interest Expense	-170	-162	-161	-141	-125	-122
Other Non-Operating Income (Expense)	-197	-42	-29	1	151	-31
Total Non-Operating Income (Expense)	-367	-204	-190	-140	26	-153
Pretax Income	406	490	601	609	740	456
Provision for Income Taxes	105	120	123	170	185	149
Net Income	337	365	435	430	551	304
Minority Interest in Earnings	1	5	43	9	4	3
Net Income to Common	337	365	435	430	551	304
Net Income Growth	44.02%	-16.09%	1.16%	-21.96%	81.25%	-
Shares Outstanding (Basic)	581	145	141	138	520	524
Shares Outstanding (Diluted)	581	145	141	138	520	524
Shares Change (YoY)	143.34%	3.01%	2.04%	-73.44%	-0.83%	-9.52%
EPS (Basic)	0.58	0.69	0.83	0.82	1.06	0.58
EPS (Diluted)	0.58	0.69	0.83	0.82	1.06	0.58
EPS Growth	-40.82%	-16.87%	1.22%	-22.64%	82.76%	-
Free Cash Flow	894	539	638	560	607	545
Free Cash Flow Growth	65.86%	-15.52%	13.93%	-7.74%	11.38%	44.18%
Free Cash Flow Per Share	-	3.71	4.53	4.06	-	-
Dividends Per Share	0.740	0.730	0.690	0.650	0.610	0.510
Dividend Growth	1.37%	5.80%	6.15%	6.56%	19.61%	325.00%
Gross Margin	45.87%	45.85%	47.79%	47.37%	47.96%	48.27%
Operating Margin	11.16%	10.35%	12.81%	13.09%	12.06%	11.49%
Profit Margin	4.88%	5.52%	7.44%	7.27%	9.38%	5.79%
FCF Margin	12.99%	8.04%	9.93%	9.28%	10.26%	10.28%
EBITDA	1,157	1,070	1,150	1,122	1,053	915
EBITDA Margin	16.81%	15.95%	17.90%	18.59%	17.79%	17.26%
EBIT	768	694	823	790	714	609
EBIT Margin	11.16%	10.35%	12.81%	13.09%	12.06%	11.49%
Effective Tax Rate	25.86%	24.49%	20.47%	27.91%	25.00%	32.68%

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