Warner Music Group Corp. financials
Source: EDGAR filings · Built 2026-06-02T04:23:57Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 539.00M | 638.00M | 560.00M | 607.00M | 545.00M | 378.00M |
| EBITDA | 1.07B | 1.15B | 1.12B | 1.05B | 915.00M | 32.00M |
| Working Capital | -1.43B | -1.25B | -1.14B | -1.23B | -1.25B | -1.04B |
| Net Debt | 4.08B | 3.59B | 3.62B | 3.43B | 3.18B | 2.89B |
| Gross Margin | 45.85% | 47.79% | 47.37% | 47.96% | 48.27% | 47.73% |
| Operating Margin | 10.35% | 12.81% | 13.09% | 12.06% | 11.49% | -5.13% |
| Net Margin | 5.44% | 6.77% | 7.12% | 9.31% | 5.73% | -10.64% |
| Return on Equity (ROE) | 56.41% | 83.98% | 140.07% | 362.50% | 980.65% | 753.97% |
| Return on Assets (ROA) | 3.71% | 4.75% | 5.03% | 7.04% | 4.22% | -7.41% |
| Current Ratio | 0.66× | 0.68× | 0.68× | 0.64× | 0.60× | 0.62× |
| Debt-to-Equity | 7.12× | 8.28× | 13.88× | 26.40× | 118.58× | -54.63× |
| Effective Tax Rate | 24.49% | 20.47% | 27.91% | 25.00% | 32.68% | -5.15% |
| Cash Conversion Ratio | 1.86× | 1.73× | 1.60× | 1.35× | 2.10× | -0.97× |
| Accruals Ratio | -0.03× | -0.03× | -0.03× | -0.02× | -0.05× | -0.15× |
| SBC % of Revenue | 0.81% | 0.81% | 0.81% | 0.66% | 0.85% | 13.62% |
| CapEx Coverage | 4.88× | 6.50× | 5.41× | 5.50× | 6.86× | 5.45× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.71B | 6.43B | 6.04B | 5.92B | 5.30B | 4.46B |
| Revenues | — | — | — | — | — | 4.46B |
| Cost of Goods and Services Sold | 3.63B | 3.35B | 3.18B | 3.08B | 2.74B | 2.33B |
| Cost of Revenue | 3.63B | 3.35B | 3.18B | — | — | — |
| Selling, General and Administrative Expense | 1.89B | 1.88B | 1.83B | 1.86B | 1.72B | 2.17B |
| Operating Income (Loss) | 694.00M | 823.00M | 790.00M | 714.00M | 609.00M | -229.00M |
| Income Tax Expense (Benefit) | 120.00M | 123.00M | 170.00M | 185.00M | 149.00M | 23.00M |
| Net Income (Loss) Attributable to Parent | 365.00M | 435.00M | 430.00M | 551.00M | 304.00M | -475.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 532.00M | 694.00M | 641.00M | 584.00M | 499.00M | 553.00M |
| Assets, Current | 2.77B | 2.64B | 2.40B | 2.14B | 1.90B | 1.68B |
| Assets | 9.83B | 9.15B | 8.54B | 7.83B | 7.21B | 6.41B |
| Long-term Debt | 4.37B | 4.01B | 3.96B | 3.73B | 3.35B | 3.10B |
| Liabilities, Current | 4.20B | 3.90B | 3.54B | 3.37B | 3.15B | 2.72B |
| Long-term Debt, Excluding Current Maturities | 4.06B | 4.01B | 3.96B | 3.73B | 3.35B | 3.10B |
| Liabilities | 9.07B | 8.48B | 8.12B | 7.66B | 7.17B | 6.46B |
| Stockholders' Equity Attributable to Parent | 647.00M | 518.00M | 307.00M | 152.00M | 31.00M | -63.00M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 678.00M | 754.00M | 687.00M | 742.00M | 638.00M | 463.00M |
| Payments to Acquire Property, Plant, and Equipment | 139.00M | 116.00M | 127.00M | 135.00M | — | — |
| Net Cash Provided by (Used in) Investing Activities | -340.00M | -311.00M | -300.00M | -824.00M | -638.00M | -219.00M |
| Payments for Repurchase of Common Stock | 16.00M | 0 | 0 | — | — | — |
| Payments of Dividends | 383.00M | 361.00M | 340.00M | 318.00M | 265.00M | 344.00M |
| Net Cash Provided by (Used in) Financing Activities | -497.00M | -396.00M | -325.00M | 188.00M | -61.00M | -316.00M |
Derived Metrics
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 519.00M | 420.00M | 203.00M | 336.00M | 329.00M | 296.00M |
| EBITDA | — | 387.00M | 247.00M | — | — | 300.00M |
| Working Capital | -1.20B | -1.29B | -1.43B | -1.37B | -1.32B | -1.21B |
| Net Debt | 4.20B | 3.85B | 4.08B | 4.09B | 3.92B | 3.42B |
| Gross Margin | 46.30% | 46.36% | 44.65% | 45.94% | 46.70% | 46.34% |
| Operating Margin | 15.24% | 15.65% | 7.66% | 10.01% | 11.32% | 12.85% |
| Net Margin | 10.57% | 9.57% | 5.84% | -0.95% | 2.43% | 14.17% |
| Return on Equity (ROE) | 24.80% | 24.44% | 16.85% | -2.72% | 6.35% | 43.30% |
| Return on Assets (ROA) | 1.72% | 1.76% | 1.11% | -0.16% | 0.38% | 2.58% |
| Current Ratio | 0.73× | 0.70× | 0.66× | 0.66× | 0.66× | 0.69× |
| Debt-to-Equity | 6.70× | 6.40× | 7.12× | 7.84× | 8.03× | 7.75× |
| Effective Tax Rate | 28.74% | 28.86% | -2.83% | -45.45% | 44.62% | 26.97% |
| Cash Conversion Ratio | 3.09× | 2.50× | 2.12× | -27.94× | 11.14× | 1.41× |
| Accruals Ratio | -0.04× | -0.03× | -0.01× | -0.05× | -0.04× | -0.01× |
| SBC % of Revenue | — | — | — | 0.06% | — | — |
| CapEx Coverage | 12.04× | 22.00× | 8.25× | 4.03× | 5.57× | 9.22× |
Income Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.73B | 1.84B | 1.87B | 1.69B | 1.48B | 1.67B |
| Cost of Goods and Services Sold | 930.00M | 987.00M | 1.03B | 913.00M | 791.00M | 894.00M |
| Cost of Revenue | 930.00M | 987.00M | — | — | 791.00M | 894.00M |
| Selling, General and Administrative Expense | 460.00M | 458.00M | 494.00M | 471.00M | 450.00M | 474.00M |
| Operating Income (Loss) | 264.00M | 288.00M | 143.00M | 169.00M | 168.00M | 214.00M |
| Income Tax Expense (Benefit) | 73.00M | 71.00M | -3.00M | 5.00M | 29.00M | 89.00M |
| Net Income (Loss) Attributable to Parent | 183.00M | 176.00M | 109.00M | -16.00M | 36.00M | 236.00M |
Balance Sheet
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 741.00M | 751.00M | 532.00M | 527.00M | 637.00M | 802.00M |
| Assets, Current | 3.22B | 3.02B | 2.77B | 2.68B | 2.60B | 2.72B |
| Assets | 10.61B | 10.01B | 9.83B | 9.78B | 9.57B | 9.15B |
| Long-term Debt | 4.72B | 4.37B | 4.37B | 4.36B | 4.29B | 3.96B |
| Liabilities, Current | 4.42B | 4.31B | 4.20B | 4.05B | 3.92B | 3.92B |
| Long-term Debt, Excluding Current Maturities | — | — | 4.06B | 4.06B | 3.99B | 3.96B |
| Liabilities | 9.64B | 9.18B | 9.07B | 8.96B | 8.78B | 8.45B |
| Stockholders' Equity Attributable to Parent | 738.00M | 720.00M | 647.00M | 589.00M | 567.00M | 545.00M |
Cash Flow Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 566.00M | 440.00M | 231.00M | 447.00M | 401.00M | 332.00M |
| Payments to Acquire Property, Plant, and Equipment | 47.00M | 20.00M | 28.00M | 111.00M | 72.00M | 36.00M |
| Net Cash Provided by (Used in) Investing Activities | -523.00M | -52.00M | -67.00M | -273.00M | -202.00M | -81.00M |
| Payments for Repurchase of Common Stock | 48.00M | 26.00M | 13.00M | 3.00M | 2.00M | 2.00M |
| Payments of Dividends | 100.00M | 100.00M | 100.00M | 94.00M | 95.00M | 94.00M |
| Net Cash Provided by (Used in) Financing Activities | 169.00M | -159.00M | -153.00M | -344.00M | -248.00M | -127.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (WMG CIK 0001319161),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.