Warner Music Group Corp. (WMG)

Warner Music Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	6,334	6,426	6,037	5,919	5,301	4,463
Revenue Growth (YoY)	-0.91%	6.44%	1.99%	11.66%	18.78%	-0.27%
Cost of Revenue	3,369	3,355	3,177	3,080	2,742	2,333
Gross Profit	2,965	3,071	2,860	2,839	2,559	2,130
Selling, General & Admin	1,808	1,803	1,740	1,816	1,721	2,053
Operating Expenses	2,039	2,027	1,985	2,079	1,950	2,243
Operating Income	926	1,044	875	760	609	-113
Interest Expense	-178	-182	-157	-125	-122	-127
Interest & Investment Income	22	21	16	-	-	-
Earnings From Equity Investments	8	8	-	-	-	-
Currency Exchange Gain (Loss)	-6	-73	-37	185	-5	-56
Other Non Operating Income (Expenses)	10	4	1	15	-	-3
EBT Excluding Unusual Items	782	822	698	835	482	-299
Merger & Restructuring Charges	-195	-253	-96	-46	-	-
Gain (Loss) on Sale of Investments	29	-	-	-49	-4	2
Gain (Loss) on Sale of Assets	1	32	41	-	-	-
Other Unusual Items	-	-	-34	-	-22	-150
Pretax Income	617	601	609	740	456	-447
Income Tax Expense	151	123	170	185	149	23
Earnings From Continuing Operations	466	478	439	555	307	-470
Minority Interest in Earnings	-14	-43	-9	-4	-3	-5
Net Income	452	435	430	551	304	-475
Preferred Dividends & Other Adjustments	6	6	6	7	4	1
Net Income to Common	446	429	424	544	300	-476
Net Income Growth	-14.56%	1.16%	-21.96%	81.25%	-	-
Shares Outstanding (Basic)	519	518	516	515	513	505
Shares Outstanding (Diluted)	519	518	516	515	513	505
Shares Change (YoY)	0.40%	0.35%	0.20%	0.24%	1.77%	0.50%
EPS (Basic)	0.86	0.83	0.82	1.06	0.58	-0.94
EPS (Diluted)	0.86	0.83	0.82	1.06	0.58	-0.94
EPS Growth	-14.90%	0.83%	-22.21%	80.90%	-	-
Free Cash Flow	760	638	560	607	545	378
Free Cash Flow Per Share	1.47	1.23	1.09	1.18	1.06	0.75
Dividend Per Share	0.740	0.720	0.650	0.610	0.510	0.120
Dividend Growth	10.45%	10.77%	6.56%	19.61%	325.00%	-
Gross Margin	46.81%	47.79%	47.38%	47.96%	48.27%	47.73%
Operating Margin	14.62%	16.25%	14.49%	12.84%	11.49%	-2.53%
Profit Margin	7.04%	6.68%	7.02%	9.19%	5.66%	-10.66%
Free Cash Flow Margin	12.00%	9.93%	9.28%	10.26%	10.28%	8.47%
EBITDA	1,265	1,371	1,207	1,099	915	148
EBITDA Margin	19.97%	21.34%	19.99%	18.57%	17.26%	3.32%
D&A For EBITDA	339	327	332	339	306	261
EBIT	926	1,044	875	760	609	-113
EBIT Margin	14.62%	16.25%	14.49%	12.84%	11.49%	-2.53%
Effective Tax Rate	24.47%	20.47%	27.91%	25.00%	32.67%	-
Advertising Expenses	-	119	136	155	149	115

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q