Warner Music Group Corp. WMG
Company Overview
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It also owns and acquires rights to approximately two million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions, as well as administers the music and soundtracks of various third-party television and film producers and studios. In addition, the company conducts its operation primarily through a collection of record labels, such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Nonesuch, Parlophone, Reprise, Sire, Spinnin' Records, and Warner Classics and Warner Records Nashville. Further, it markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. Its catalog includes songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, alternative, blues, gospel, and other Christian music. The company was founded in 1929 and is headquartered in New York, New York.
Why Investors Should Care
Generates a return on equity of 70.1%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 16.5%.
Operating margin of 16.7% supports profitability.
Offers a dividend yield of 2.86%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Sep 2025 Revenue of $6.71B (+4.4% YoY); net profit $365.00M.
- Trailing 12 Months Year-on-year growth — revenue +10.4%, earnings -16.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 6.4%, profit CAGR 7.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 6.42% |
| 1 Year: | 10.40% |
Compounded Profit Growth
| 5 Years: | 7.35% |
| 1 Year: | -16.09% |
Stock Price Performance
| 1 Year: | -7.94% |
| 6 Months: | +4.92% |
| 3 Months: | -2.95% |
| 1 Month: | +9.87% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)60.45 · Neutral
P/E of 23.07 is above the sector median of 16.99 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 70.1%.
- Attractive dividend yield of 2.86%.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | WMG Warner Music Group Corp. | 28.84 | 23.07 | $4.26B | 2.86% | 16.49% | 70.07% | 6.42% | 7.35% |
| 2 | GOOGL Alphabet Inc. NDXSPXR3KAITECH | 338.36 | 16.97 | $1.99T | 0.25% | 26.20% | 48.68% | 17.96% | 21.53% |
| 3 | META Meta Platforms, Inc. NDXSPXR3KAITECH | 613.48 | 23.12 | $1.35T | 0.31% | 25.69% | 29.85% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXR3KAI | 76.77 | 24.14 | $319.67B | 0.00% | 29.87% | 49.54% | 22.30% | 32.79% |
| 5 | VZ Verizon Communications Inc. SPXR3K | 50.41 | 13.13 | $209.44B | 5.86% | 8.56% | 15.84% | 2.33% | 6.90% |
| 6 | TMUS T-Mobile US, Inc. NDXSPXR3K | 181.69 | 19.03 | $194.89B | 2.45% | 9.39% | 17.99% | 22.63% | 28.77% |
| 7 | DIS The Walt Disney Company SPXR3K | 105.06 | 21.66 | $181.41B | 1.43% | 10.74% | 8.01% | 6.96% | 4.12% |
| 8 | T AT&T Inc. SPXR3K | 25.60 | 8.45 | $175.42B | 4.37% | 6.59% | 18.34% | 0.31% | 3.44% |
| 9 | SPOT Spotify Technology S.A. R3KAITECH | 528.64 | 28.81 | $108.70B | 0.00% | 24.61% | 44.48% | 13.59% | - |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 917.00M | 825.00M | 917.00M | 917.00M | 1.04B | 963.00M | 958.00M | 1.04B | 1.20B | 1.09B | 1.06B | 1.12B | 1.26B | 1.07B | 1.01B | 1.33B | 1.25B | 1.34B | 1.61B | 1.38B | 1.43B | 1.49B | 1.40B | 1.56B | 1.75B | 1.49B | 1.55B | - | 1.48B | 1.69B | 1.87B | 1.84B | 1.73B | 1.86B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 791.00M | 913.00M | 1.03B | 987.00M | 930.00M | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 693.00M | 776.00M | 834.00M | 853.00M | 802.00M | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 512.00M | 538.00M | 566.00M | 526.00M | 532.00M | - |
| Operating Income | 23.00M | 37.00M | 62.00M | 52.00M | 45.00M | 55.00M | 94.00M | 78.00M | 51.00M | -1.00M | 90.00M | 83.00M | 28.00M | 16.00M | 147.00M | 122.00M | 58.00M | 29.00M | 165.00M | -49.00M | -433.00M | 196.00M | 151.00M | 162.00M | 239.00M | 166.00M | 146.00M | 265.00M | 124.00M | 189.00M | 354.00M | 119.00M | 207.00M | - | 181.00M | 238.00M | 268.00M | 327.00M | 270.00M | 305.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 194.00M | 128.00M | 339.00M | 390.00M | 398.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.00M | 43.00M | 43.00M | 45.00M | 41.00M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65.00M | -11.00M | 106.00M | 246.00M | 254.00M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.00M | 5.00M | -3.00M | 71.00M | 73.00M | - |
| Net Income | -44.00M | -23.00M | 27.00M | 11.00M | -9.00M | -4.00M | 22.00M | 19.00M | 141.00M | -39.00M | 4.00M | -3.00M | 320.00M | -14.00M | 86.00M | 67.00M | 13.00M | 90.00M | 120.00M | -74.00M | -520.00M | 98.00M | 117.00M | 61.00M | 187.00M | 92.00M | 124.00M | 122.00M | 34.00M | 122.00M | 159.00M | 96.00M | 139.00M | - | 36.00M | -16.00M | 109.00M | 176.00M | 183.00M | 204.00M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.07 | -0.03 | 0.21 | 0.33 | 0.34 | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Sep 2010 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.99B | 2.78B | 2.87B | 3.03B | 2.97B | 3.25B | 3.58B | 4.00B | 4.47B | 4.46B | - | 5.92B | 6.04B | 6.43B | 6.71B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | 3.08B | 3.18B | 3.35B | 3.63B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | 2.84B | 2.86B | 3.07B | 3.08B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | 2.12B | 2.07B | 2.10B | 2.15B |
| Operating Income | 90.00M | 109.00M | 75.00M | 19.00M | 127.00M | 214.00M | 222.00M | 217.00M | 356.00M | -229.00M | - | 714.00M | 789.00M | 968.00M | 928.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | 1.20B | 1.08B | 1.09B | 1.03B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 125.00M | 141.00M | 161.00M | 162.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | 740.00M | 609.00M | 601.00M | 490.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | 185.00M | 170.00M | 123.00M | 120.00M |
| Net Income | -143.00M | -112.00M | -198.00M | -308.00M | -91.00M | 25.00M | 143.00M | 307.00M | 256.00M | -475.00M | - | 551.00M | 430.00M | 435.00M | 365.00M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | 1.06 | 0.82 | 0.83 | 0.69 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Sep 2009 | Sep 2010 | Jul 2011 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Oct 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | 5.38B | 5.28B | 6.25B | 5.95B | 5.62B | 5.33B | 5.72B | 5.34B | 5.62B | 6.02B | 6.41B | 7.21B | 7.83B | 8.54B | 9.15B | 9.83B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.14B | 2.40B | 2.64B | 2.77B |
| Cash & Equivalents | 384.00M | 439.00M | 319.00M | 154.00M | 302.00M | 155.00M | 157.00M | 246.00M | 359.00M | 647.00M | 514.00M | - | 619.00M | 553.00M | 499.00M | 584.00M | 641.00M | 694.00M | 532.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 108.00M | 126.00M | 99.00M | 62.00M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 984.00M | 1.12B | 1.25B | 1.34B |
| Total Liabilities | - | - | - | 4.30B | 4.33B | 5.51B | 5.56B | 5.38B | 5.12B | 5.41B | 5.66B | 5.79B | 6.29B | 6.46B | 7.17B | 7.66B | 8.12B | 8.48B | 9.07B |
| Current Liabilities | - | - | - | 1.52B | 1.61B | 1.99B | 1.89B | 1.86B | 1.84B | 2.10B | 2.37B | 2.46B | 2.82B | 2.72B | 3.15B | 3.37B | 3.54B | 3.90B | 4.20B |
| Long Term Debt | - | - | - | 2.22B | 2.21B | 2.85B | 3.02B | 2.98B | 2.78B | 2.81B | 2.82B | - | 2.97B | 3.10B | 3.35B | 3.73B | 3.96B | 4.01B | 4.37B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.01B | 4.26B | 4.29B | 4.61B |
| Total Equity | - | - | - | 1.06B | 927.00M | 726.00M | 371.00M | 221.00M | 195.00M | 293.00M | -334.00M | -170.00M | -289.00M | -63.00M | 31.00M | 152.00M | 307.00M | 518.00M | 647.00M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 514.85M | 516.00M | 517.94M | 522.29M |
Cash Flows (Annual)
Figures in USD.
| Metric | Sep 2010 | Sep 2012 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 150.00M | 209.00M | 342.00M | 535.00M | 425.00M | 400.00M | 463.00M | - | 742.00M | 687.00M | 754.00M | 678.00M |
| Investing Cash Flow | -85.00M | -58.00M | -8.00M | -126.00M | 405.00M | -376.00M | -219.00M | - | -824.00M | -300.00M | -311.00M | -340.00M |
| Financing Cash Flow | -3.00M | -3.00M | -216.00M | -128.00M | -955.00M | 88.00M | -316.00M | - | 188.00M | -325.00M | -396.00M | -497.00M |
| Capital Expenditure | - | - | - | - | - | - | - | - | -326.00M | -241.00M | -303.00M | -334.00M |
| Free Cash Flow | - | - | - | - | - | - | - | - | 416.00M | 446.00M | 451.00M | 344.00M |
| Net Change in Cash | - | - | - | - | - | - | - | - | 106.00M | 62.00M | 47.00M | -159.00M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | 0 | 0 | 16.00M |
| Dividends Paid | - | - | - | 84.00M | 925.00M | 94.00M | 344.00M | 265.00M | 318.00M | 340.00M | 361.00M | 383.00M |
Ratios (Annual)
Figures in %.
| Metric | Sep 2010 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | 48.0% | 47.4% | 47.8% | 45.8% |
| Operating Margin % | 3.0% | 3.9% | 2.6% | 0.6% | 4.3% | 6.6% | 6.2% | 5.4% | 8.0% | -5.1% | - | 12.1% | 13.1% | 15.1% | 13.8% |
| Net Margin % | -4.8% | -4.0% | -6.9% | -10.2% | -3.1% | 0.8% | 4.0% | 7.7% | 5.7% | -10.6% | - | 9.3% | 7.1% | 6.8% | 5.4% |
| ROE % | - | -12.1% | -27.3% | -83.0% | -41.2% | 12.8% | 48.8% | -91.9% | -88.6% | 754.0% | - | 362.5% | 140.1% | 84.0% | 56.4% |
| ROCE % | - | 3.0% | 1.8% | 0.5% | 3.4% | 6.1% | 6.1% | 7.3% | 11.1% | -6.2% | - | 16.0% | 15.8% | 18.4% | 16.5% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Independent Franchise Partners, LLP | 8.80% | 13.00M | $364.20M |
| 2 | Darsana Capital Partners, LP | 8.08% | 11.94M | $334.65M |
| 3 | JPMORGAN CHASE & CO | 7.57% | 11.19M | $313.51M |
| 4 | Blackrock Inc. | 6.91% | 10.21M | $286.08M |
| 5 | Barrow, Hanley Mewhinney & Strauss, LLC | 6.03% | 8.91M | $249.63M |
| 6 | DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | 4.54% | 6.71M | $187.90M |
| 7 | Vanguard Capital Management LLC | 4.21% | 6.22M | $174.33M |
| 8 | Vanguard Portfolio Management LLC | 3.98% | 5.89M | $164.91M |
| 9 | FIL LTD | 3.94% | 5.83M | $163.28M |
| 10 | Goldman Sachs Group Inc | 3.37% | 4.98M | $139.47M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for WMG
Warner Music Group (WMG) Beat Expectations, Is The Stock Still Cheap?
Why Warner Music Group Stock Is Back On Investors’ Radar Warner Music Group (WMG) has attracted fresh attention after its latest quarter produced higher revenue than analysts expected, along with EPS and EBITDA results that also surpassed f…
Consumer Discretionary - Media Stocks Q2 In Review: Warner Music Group (NASDAQ:WMG) Vs Peers
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at consumer discretionary - media stocks, starting with Warner Music Group (NASDAQ:W…
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Wall Street has set ambitious price targets for the stocks in this article. While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly …
5 Must-Read Analyst Questions From Warner Music Group’s Q2 Earnings Call
Warner Music Group’s second quarter results were received positively by the market, reflecting both revenue and profit performance above Wall Street expectations. Management attributed the quarter’s growth to a combination of improved subsc…
Warner Music Group (WMG) Q3 2026 Earnings Call Transcript
Revenue hit $1.864 billion as margin expansion and AI licensing deals fuel 2027 outlook.
Here's What Key Metrics Tell Us About Warner Music Group (WMG) Q3 Earnings
While the top- and bottom-line numbers for Warner Music Group (WMG) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and yea…
WMG — Frequently Asked Questions
What is the current share price of Warner Music Group Corp. (WMG)?
As of 2026-09-19 21:16 PDT, Warner Music Group Corp. (WMG) trades at $28.84 on NasdaqGS. Its 52-week range is $23.35 to $34.31.
What is the market capitalisation of WMG?
Warner Music Group Corp. (WMG) has a market capitalisation of $4.26B on NasdaqGS.
What is the P/E ratio of WMG?
WMG trades at a trailing price-to-earnings (P/E) ratio of 23.07. The industry average P/E is 16.99. Its price-to-book (P/B) ratio is 17.16.
Does WMG pay a dividend?
Warner Music Group Corp. (WMG) currently offers a dividend yield of 2.86%.
What is the return on equity (ROE) of WMG?
WMG has a return on equity (ROE) of 70.07%. Its return on capital employed (ROCE) is 16.49%.
Is WMG a good stock to buy?
This page provides a data-driven analysis of Warner Music Group Corp. (WMG), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.