Warner Music Group Corp. (WMG)
NASDAQ: WMG · Real-Time Price · USD
25.96
-1.60 (-5.81%)
At close: Jul 31, 2026, 4:00 PM EDT
25.70
-0.26 (-1.00%)
After-hours: Jul 31, 2026, 7:34 PM EDT
Warner Music Group Financials Overview
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 | Mar '26 Mar 31, 2026 | 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 Revenue Growth | 7,129 | 6,707 | 6,426 | 6,037 | 5,919 | 5,301 |
Revenue Growth | 12.55% | 4.37% | 6.44% | 1.99% | 11.66% | 18.78% |
Gross Profit Gross Profit Growth | 3,265 | 3,075 | 3,071 | 2,860 | 2,839 | 2,559 |
Operating Income Operating Income Growth | 864 | 694 | 823 | 790 | 714 | 609 |
Net Income Net Income Growth | 728 | 365 | 435 | 430 | 551 | 304 |
Earnings Per Share EPS Growth | 0.85 | 0.69 | 0.83 | 0.82 | 1.06 | 0.58 |
EPS Growth | -2.30% | -16.87% | 1.22% | -22.64% | 82.76% | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | 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 |
Digital Recorded Music Digital Recorded Music Growth | 3,831 | 3,594 | 3,519 | 3,322 | 3,305 | 3,105 |
Physical Physical Growth | 538 | 527 | 519 | 507 | 563 | 549 |
Artist Services and Expanded-Rights Artist Services and Expanded-Rights Growth | 917 | 835 | 684 | 744 | 767 | 599 |
Licensing Licensing Growth | 462 | 452 | 501 | 382 | 331 | 291 |
Performance Performance Growth | 241 | 228 | 198 | 173 | 159 | 122 |
Digital Music Publishing Digital Music Publishing Growth | 844 | 800 | 763 | 669 | 563 | 436 |
Mechanical Mechanical Growth | 68 | 63 | 58 | 63 | 50 | 49 |
Synchronization Synchronization Growth | 219 | 197 | 175 | 167 | 172 | 144 |
Other Music Publishing Other Music Publishing Growth | 16 | 18 | 16 | 16 | 14 | 10 |
Eliminations Eliminations Growth | -7 | -7 | -7 | -6 | -5 | -4 |
Revenue (Total) Revenue (Total) Growth | 7,129 | 6,707 | 6,426 | 6,037 | 5,919 | 5,301 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | 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 |
Cash & Investments Cash & Investments Growth | 741 | 532 | 694 | 641 | 584 | 499 |
Total Debt Total Debt Growth | 4,941 | 4,306 | 3,769 | 4,260 | 4,013 | 6,510 |
Net Cash (Debt) Net Cash Growth | -4,200 | -3,774 | -3,075 | -3,619 | -3,429 | -6,011 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -28.54 | -26.00 | -21.83 | -26.21 | -6.60 | -11.47 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | 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 |
Operating Cash Flow Operating Cash Flow Growth | 843 | 678 | 754 | 687 | 742 | 638 |
Capital Expenditures CapEx Growth | -114 | -139 | -116 | -127 | -135 | -93 |
Free Cash Flow Free Cash Flow Growth | 729 | 539 | 638 | 560 | 607 | 545 |
Free Cash Flow Growth | -4.08% | -15.52% | 13.93% | -7.74% | 11.38% | 44.18% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | 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 |
Gross Margin | 45.80% | 45.85% | 47.79% | 47.37% | 47.96% | 48.27% |
Operating Margin | 12.12% | 10.35% | 12.81% | 13.09% | 12.06% | 11.49% |
Pretax Margin | 10.21% | 7.93% | 10.30% | 10.68% | 12.50% | 8.60% |
Profit Margin | 10.21% | 7.93% | 10.30% | 10.68% | 12.50% | 8.60% |
FCF Margin | 10.23% | 8.04% | 9.93% | 9.28% | 10.26% | 10.28% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 1, 2026 | 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 |
Dividend Per Share Dividend Per Share Growth | 0.760 | 0.730 | 0.690 | 0.650 | 0.610 | 0.510 |
Dividend Per Share Growth | 5.56% | 5.80% | 6.15% | 6.56% | 19.61% | 325.00% |
Dividend Yield | 2.93% | 7.75% | 8.19% | 7.84% | 2.64% | 1.18% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 1, 2026 | 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 |
PE Ratio | 30.66 | 49.36 | 37.71 | 38.29 | 21.90 | 73.69 |
Forward PE | 15.48 | 23.25 | 22.29 | 23.86 | 24.14 | 43.87 |
P/FCF Ratio | 18.57 | 33.00 | 25.41 | 28.93 | 19.69 | 40.34 |
PS Ratio | 1.90 | 2.65 | 2.52 | 2.68 | 2.02 | 4.15 |