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Wednesday 4 November 2026 Export WMG’s income statement to Excel — free account

Warner Music Group Corp.

WMG Communication Services Entertainment

Warner Music Group Corp.’s revenue for fiscal 2025 (year ended September 2025) was $6.7 billion, up 4.37% from fiscal 2024.

Revenue
+10.4%
EPS
+1,400.0%
Free cash flow
+1,528.6%
Total debt
+7.95%

Quarter to June 2026, against a year earlier

32.58 1.45 +4.66%
Market cap
$16.3B
P/E
24.3×
Fwd P/E
21.4×
Dividend yield
2.48%
F-score
3/9
Altman Z
1.72
Beneish M
−2.55
Dividend safety
31/100
Overview Business Profile Earnings & Analysis
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Warner Music Group Corp. (WMG) Gross margin

Alert me on Gross margin

Warner Music Group Corp.'s gross margin over the twelve months to 30 June 2026 was 45.8%, down 0.1 percentage points from fiscal 2025 (45.9%). Over the past ten years it has ranged from 45.8% (fiscal 2018) to 49.1% (fiscal 2015); the current reading is higher than 18% of that period. That is in line with the Entertainment industry median of 45.1% and below the Communication Services sector median of 53.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 45.9% (1.94)
FY2024 47.8% 0.42
FY2023 47.4% (0.59)
FY2022 48.0% (0.31)
FY2021 48.3% 0.54
FY2020 47.7% 1.38
FY2019 46.4% 0.56
FY2018 45.8% (0.21)
FY2017 46.0% (1.41)
FY2016 47.4% (1.65)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 45.8% (0.48)
Mar 2026 46.3% (0.06)
Dec 2025 46.4% 1.71
Sep 2025 44.7% (1.29)
42 more quarters

Against its own ten years

Low 45.8% High 49.1%
Ten-year median 47.4%
Current reading's percentile 2

Gross margin against peers

Company Gross margin
NWS News Corporation compare 56.9%
NWSA News Corporation compare 56.9%
SIRI Sirius XM Holdings Inc. compare 52.3%
WMG Warner Music Group Corp. 45.8%
ROKU Roku, Inc. compare 45.3%
FOXA Fox Corporation compare 38.0%
FOX Fox Corporation compare 38.0%
FWONK Liberty Media Corporation - Liberty Formula One Series C compare 19.5%
FWONA Liberty Media Corporation - Liberty Formula One Series A compare 19.5%
Entertainment industry median 45.1%
Communication Services sector median 53.5%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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