Saturday 10 October 2026 Export all WMG data to Excel Powerpack

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.

28.72 0.19 −0.66%

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Market cap: $15.1B
P/E: 22.5×
Fwd P/E: 21.1×
Dividend yield: 2.68%
F-score: 3/9
Altman Z: 1.72
Beneish M: −2.55
Dividend safety: 31/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	2	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 72.21%

Capital & Financial Ratios $m

Market Cap 15,120.00

Revenue 7,304.00

Net Income 665.00

Free Cash Flow 836.00

Net Debt 4,092.00

Current Ratio 0.73

Debt/Equity 4.94

P/E ratio 22.45

Fwd P/E 21.10

P/S ratio 2.05

P/B ratio 15.73

Past 5Y EPS Growth —

This Y EPS Growth 115.94%

Next Y EPS Growth 20.95%

Next Y revenue growth 9.39%

Next 5Y EPS Growth 43.95%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 5.06%

10-year low 10-year high

P/S against its own 10 years 5.89%

10-year low 10-year high

P/B against its own 10 years 4.83%

10-year low 10-year high

EV/Sales against its own 10 years 6.39%

10-year low 10-year high

EV/FCF against its own 10 years 4.45%

10-year low 10-year high

Dividends

Payout Ratio 0.61

Annual Dividend Rate 0.77

Annual Dividend Yield 2.68%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.77	0.19 0.19 0.20
2025	0.74	0.18 0.18 0.19 0.19
2024	0.70	0.17 0.17 0.18 0.18
2023	0.66	0.16 0.16 0.17 0.17
2022	0.62	0.15 0.15 0.16 0.16
2021	0.54	0.12 0.12 0.15 0.15
2020	0.24	0.12 0.12
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	641	694	532	618
Receivables	1,120	1,255	1,340	1,607
Inventory	126	99	62	69
Other	413	470	670	739
	2,402	2,643	2,770	3,260

	2023	2024	2025	Q'26
Payables	300	289	257	354
ST’ Debt	—	—	—	—
Other	57	110	178	151
	3,539	3,897	4,201	4,443

Compound Annual Growth %

	10y	5y	3y
Sales	8.50%	8.49%	4.25%
Cash Flow	11.81%	7.93%	(2.96%)
Earnings	0.00%	0.00%	(12.83%)
Book Value	12.22%	0.00%	65.17%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	1,840	1,732	1,864	—	—
’25	1,666	1,484	1,689	1,868	6,707
’24	1,748	1,494	1,554	1,630	6,426
’23	1,488	1,399	1,564	1,586	6,037
’22	1,614	1,376	1,432	1,497	5,919
’21	1,335	1,250	1,340	1,376	5,301
’20	1,256	1,071	1,010	1,126	4,463

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	440	126	142	—	—
’25	332	69	46	231	678
’24	293	(31)	188	304	754
’23	209	(6)	146	338	687
’22	129	44	163	406	742
’21	169	150	91	228	638
’20	78	86	123	176	463

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	420	99	114	—	—
’25	296	33	7	203	539
’24	264	(57)	160	271	638
’23	188	(41)	113	300	560
’22	95	16	128	368	607
’21	151	130	71	193	545
’20	63	73	103	139	378

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	0.33	0.34	0.38	—	—
’25	0.45	0.07	(0.03)	0.21	0.69
’24	0.30	0.18	0.27	0.08	0.83
’23	0.23	0.06	0.23	0.29	0.82
’22	0.36	0.18	0.24	0.28	1.06
’21	0.18	0.22	0.12	0.05	0.58
’20	0.24	(0.15)	(1.03)	0.00	(0.95)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	25.61	31.50	21.57	23.62	27.06	25.56	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	39.19	50.23	44.64	38.76	38.05	36.64
People
People	Employees	4,445	4,520	4,660	5,400	5,500	5,900	6,200	5,900	5,800	5,500
	Revenue/emp, $m	0.73	0.79	0.86	0.83	0.81	0.90	0.95	1.02	1.11	1.22
Income, $m
Income, $m	Revenue	3,246	3,576	4,005	4,475	4,463	5,301	5,919	6,037	6,426	6,707
	Gross margin, %	47.41	46.00	45.79	46.35	47.73	48.27	47.96	47.37	47.79	45.85
	EBT	41	(2)	442	267	(447)	456	740	609	601	490
	EBT margin, %	1.26	(0.06)	11.04	5.97	(10.02)	8.60	12.50	10.09	9.35	7.31
	Net income	30	149	312	258	(470)	307	555	439	478	370
	Depreciation	293	251	261	269	261	306	339	332	327	376
Per share, $
Per share, $	Revenue	26.58	7.01	7.97	8.91	8.85	10.32	11.50	11.71	12.42	12.89
	Earnings	0.05	0.28	0.62	0.51	(0.95)	0.58	1.06	0.82	0.83	0.69
	Cash flow	2.80	1.05	0.85	0.80	0.92	1.24	1.44	1.33	1.46	1.30
	Capex	0.00	(0.09)	(0.15)	(0.21)	(0.17)	(0.18)	(0.26)	(0.25)	(0.22)	(0.27)
	Free cash flow	2.80	0.96	0.70	0.59	0.75	1.06	1.18	1.09	1.23	1.04
	Book value	1.72	0.60	(0.64)	(0.54)	(0.09)	0.09	0.33	0.83	1.30	1.45
	Shares, m	122	510	503	502	505	513	515	516	518	521
Valuation, ×
Valuation, ×	P/E	63.26	63.26	63.26	63.26	0.00	73.69	21.90	38.38	37.71	48.66
	P/S	3.35	3.35	3.35	3.35	3.25	4.14	2.02	2.66	2.52	2.64
	P/B	0.00	0.00	0.00	0.00	0.00	477.08	71.11	37.29	24.00	23.42
	EV/Sales	3.93	3.93	3.93	3.93	3.85	4.70	2.57	3.22	3.05	3.23
	EV/FCF	45.23	45.23	45.23	45.23	45.40	45.70	25.05	34.76	30.77	40.21
Cash, $m
Cash, $m	Operating cash flow	342	535	425	400	463	638	742	687	754	678
	Capex	(67)	(44)	(74)	(104)	(85)	(93)	(135)	(127)	(116)	(139)
	Free cash flow	342	491	351	296	378	545	607	560	638	539
Balance, $m
Balance, $m	Working capital	(934)	(825)	(1,197)	(1,128)	(1,042)	(1,254)	(1,229)	(1,137)	(1,254)	(1,431)
	Total debt	2,778	2,811	2,819	2,974	3,104	3,346	3,732	3,964	4,014	4,365
	Net debt	2,419	2,164	2,305	2,355	2,551	2,847	3,148	3,323	3,320	3,833
	Shareholders’ equity	210	308	(320)	(269)	(45)	46	168	430	675	757
Returns, %
Returns, %	ROA	0.46	2.59	5.55	4.51	(7.64)	4.46	7.33	5.25	4.92	3.85
	ROIC	5.09	5.61	6.83	10.67	(5.71)	13.16	13.46	13.16	12.88	9.45
	ROE	11.14	55.21	(5,116.67)	(86.93)	302.55	60,800.00	514.95	143.81	78.73	50.98

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FWONK Liberty Media Corporation - Liberty Formula One Series C	$23.7B	90.4×	89.9×	+24.06% (above 0%: growing)	−98.69% (below 0%: shrinking)	+35.16% (above 0%: growing)	20.97%	0.00%	Compare
FWONA Liberty Media Corporation - Liberty Formula One Series A	$23.6B	83.5×	—	+24.06% (above 0%: growing)	−98.69% (below 0%: shrinking)	+35.16% (above 0%: growing)	20.97%	0.00%	Compare
ROKU Roku, Inc.	$22.8B	63.7×	50.8×	+21.93% (above 0%: growing)	+1,485.71% (above 0%: growing)	+158.61% (above 0%: growing)	49.73%	10.79%	Compare
NWS News Corporation	$16.2B	31.1×	—	+10.81% (above 0%: growing)	−74.81% (below 0%: shrinking)	+759.38% (above 0%: growing)	57.60%	12.62%	Compare
NWSA News Corporation	$16.2B	28.3×	21.9×	+10.81% (above 0%: growing)	−74.81% (below 0%: shrinking)	+759.38% (above 0%: growing)	57.60%	12.62%	Compare
WMG Warner Music Group Corp.	$15.1B	22.5×	21.1×	+10.36% (above 0%: growing)	n/m	+1,528.57% (above 0%: growing)	45.82%	16.36%
SKYD Paramount Skydance Corporation	$10.4B	— (loss-making)	9.3×	+0.93% (above 0%: growing)	−50.00% (below 0%: shrinking)	+126.32% (above 0%: growing)	35.73%	6.87%	Compare
MSGS The Madison Square Garden Company	$9.8B	1,298×	— (loss-making)	+36.67% (above 0%: growing)	n/m	+16.75% (above 0%: growing)	42.77%	11.53%	Compare
LLYVA Liberty Live Holdings, Inc.	$9.1B	— (loss-making)	—	—	n/m	—	—	—	Compare
Median of peers	$16.2B	73.6×	36.3×	+21.93%	−74.81%	+126.32%	42.77%	10.79%

All 53 Entertainment stocks →

Warner Music Group Corp. (WMG) key facts

Strength: Warner Music Group Corp.’s revenue for fiscal 2025 (year ended September 2025) was $6.7 billion, up 4.37% from fiscal 2024.
Warner Music Group Corp. (WMG) is an Entertainment company in the Communication Services sector, listed on Nasdaq.
As of October 9, 2026, WMG traded at $28.72, a market capitalization of $15.1 billion.
Warner Music Group Corp. pays an annual dividend of $0.77 per share, a yield of 2.68%, with a payout ratio of 61.1%.
Return on equity was 51.0% and debt-to-equity 4.94.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.72 (distress zone) for fiscal 2025.