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. In the quarter to June 2026, revenue grew 10.4%, EPS grew 1,400.0%, free cash flow grew 1,528.6% and total debt rose 7.95%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.
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Warner Music Group Corp. (WMG) P/E ratio
As of 9 October 2026, Warner Music Group Corp. (WMG) trades at a P/E ratio of 22.5×. Over the past ten years it has ranged from 0.0× (June 2021) to 85.4× (October 2021); the current reading is higher than 20% of that period. That is in line with the Entertainment industry median of 22.5× and above the Communication Services sector median of 16.7×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 48.7× | 29.03% |
| FY2024 | 37.7× | (1.75%) |
| FY2023 | 38.4× | 75.29% |
| FY2022 | 21.9× | (70.29%) |
| FY2021 | 73.7× | — |
| FY2020 | 0.0× | — |
| FY2019 | 63.3× | 0.00% |
| FY2018 | 63.3× | 0.00% |
| FY2017 | 63.3× | 0.00% |
| FY2016 | 63.3× | 0.00% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 21.1× | (28.79%) |
| Mar 2026 | 29.7× | (43.84%) |
| Dec 2025 | 52.9× | 8.68% |
| Sep 2025 | 48.7× | 1.82% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| LLYVA Liberty Live Holdings, Inc. compare | n/m |
| SKYD Paramount Skydance Corporation compare | n/m |
| WMG Warner Music Group Corp. | 22.5× |
| NWSA News Corporation compare | 28.3× |
| NWS News Corporation compare | 31.1× |
| ROKU Roku, Inc. compare | 63.7× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 83.5× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 90.4× |
| MSGS The Madison Square Garden Company compare | 1,298× |
| Entertainment industry median | 22.5× |
| Communication Services sector median | 16.7× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)