WMG · Warner Music Group Corp.
$26.56
-0.04 (-0.15%)
At close · Jul 24
Market Cap
$13.85B
Shares
521.62M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$6.71B
+4.4%
FY2025
Net Income
$365M
-16.1%
FY2025
Gross Margin
45.85%
-1.9pp
FY2025
Operating Margin
10.35%
-2.5pp
FY2025
Operating Cash Flow
$678M
-10.1%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $7.13B | $6.71B | $6.43B | $6.04B | $5.92B | $5.3B | $4.46B | $4.48B | $4.01B | $3.58B | $3.25B | $2.97B | $3.03B | $2.87B | $2.78B | $2.99B | |
| $3.86B | $3.63B | $3.36B | $3.18B | $3.08B | $2.74B | $2.33B | $2.4B | $2.17B | $1.93B | $1.71B | $1.51B | $1.57B | $1.49B | $1.46B | $1.58B | |
| $3.27B | $3.08B | $3.07B | $2.86B | $2.84B | $2.56B | $2.13B | $2.07B | $1.83B | $1.65B | $1.54B | $1.46B | $1.46B | $1.38B | $1.33B | $1.4B | |
| — | 45.85% | 47.79% | 47.37% | 47.96% | 48.27% | 47.73% | 46.35% | 45.79% | 46% | 47.41% | 49.06% | 48.13% | 48.03% | 47.66% | 46.99% | |
| — | $642M | $685M | $710M | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $1.14B | $1.09B | $991M | — | — | — | — | — | — | — | — | — | — | — | — | |
| $1.88B | $1.89B | $1.88B | $1.83B | $1.86B | $1.72B | $2.17B | $1.51B | $1.41B | $1.22B | $1.08B | $1.07B | $1.17B | $1.1B | $1.02B | $1.1B | |
| $279M | $258M | $224M | $245M | $263M | $229M | $190M | $208M | $206M | $201M | $243M | $255M | $266M | $207M | $193M | $219M | |
| — | $376M | $327M | $332M | $339M | $306M | $261M | $269M | $261M | $251M | $293M | $309M | $321M | $258M | $244M | $258M | |
| — | — | $135M | $40M | $0 | $0 | — | — | — | — | — | — | $77M | $85M | — | — | |
| $6.26B | $6.01B | $5.64B | $5.29B | $5.21B | $4.69B | $4.69B | $4.12B | $3.79B | $3.35B | $3.03B | $2.84B | $3.01B | $2.8B | $2.67B | $2.9B | |
| $864M | $694M | $823M | $790M | $714M | $609M | -$229M | $356M | $217M | $222M | $214M | $127M | $19M | $75M | $109M | $90M | |
| — | 10.35% | 12.81% | 13.09% | 12.06% | 11.49% | -5.13% | 7.96% | 5.42% | 6.21% | 6.59% | 4.28% | 0.63% | 2.61% | 3.92% | 3.01% | |
| — | $1.07B | $1.15B | $1.12B | $1.05B | $915M | $32M | $625M | $478M | $473M | $507M | $436M | $340M | $333M | $353M | $348M | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $225M | $190M | |
| -$90M | -$42M | -$61M | -$36M | $151M | -$9M | -$57M | $60M | $394M | -$40M | $18M | -$21M | -$4M | -$12M | $8M | -$4M | |
| — | — | — | — | — | — | — | $0 | $0 | $1M | — | — | — | — | — | — | |
| $595M | $490M | $601M | $609M | $740M | $456M | -$447M | $267M | $442M | -$2M | $41M | -$75M | -$329M | -$225M | -$108M | -$104M | |
| $146M | $120M | $123M | $170M | $185M | $149M | $23M | $9M | $130M | -$151M | $11M | $13M | -$26M | -$31M | $1M | $41M | |
| $452M | $365M | $435M | $430M | $551M | $304M | -$475M | $256M | $307M | $143M | $25M | -$91M | -$308M | -$198M | -$112M | -$143M | |
| — | 5.44% | 6.77% | 7.12% | 9.31% | 5.73% | -10.64% | 5.72% | 7.67% | 4% | 0.77% | -3.07% | -10.18% | -6.9% | -4.03% | -4.79% | |
| -$3M | $5M | $43M | $9M | $4M | $3M | $5M | $2M | $5M | $6M | $5M | $3M | $5M | $4M | $3M | -$2M | |
| $519M | $423M | $510M | $455M | $406M | $324M | -$457M | $206M | $298M | $180M | -$26M | -$150M | -$355M | -$200M | -$138M | — |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2017–FY2025: $16M in buybacks, $3.11B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Entertainment median 1.88×
EV/EBIT
—
Entertainment median 26.16×
P/E (TTM)
—
Entertainment median 23.60×
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Recorded Music | $5,408,000,000 | $5,223,000,000 | $4,955,000,000 | $4,966,000,000 | $4,544,000,000 | $3,810,000,000 | $3,840,000,000 | $3,360,000,000 |
| Music Publishing | $1,306,000,000 | $1,210,000,000 | $1,088,000,000 | $958,000,000 | $761,000,000 | $657,000,000 | $643,000,000 | $653,000,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Non Us | $3,840,000,000 | $3,563,000,000 | $3,277,000,000 | $3,180,000,000 | $2,942,000,000 | $2,533,000,000 | $2,527,000,000 | $2,259,000,000 |
| United States | $2,874,000,000 | $2,870,000,000 | $2,766,000,000 | $2,744,000,000 | $2,363,000,000 | $1,934,000,000 | $1,956,000,000 | $1,754,000,000 |
| All Other Countries | $2,461,000,000 | $2,269,000,000 | $2,010,000,000 | $1,828,000,000 | $1,656,000,000 | $1,467,000,000 | $1,419,000,000 | $1,658,000,000 |
| United Kingdom | $857,000,000 | $774,000,000 | $726,000,000 | $734,000,000 | $620,000,000 | $551,000,000 | $596,000,000 | $593,000,000 |
| Germany | $515,000,000 | $513,000,000 | $535,000,000 | $613,000,000 | $662,000,000 | $511,000,000 | $504,000,000 | — |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Digital | $4,394,000,000 | $4,282,000,000 | $3,991,000,000 | $3,868,000,000 | $3,541,000,000 | $2,905,000,000 | $2,614,000,000 | $2,256,000,000 |
| Digital and Physical | $4,121,000,000 | $4,038,000,000 | $3,829,000,000 | $3,868,000,000 | $3,654,000,000 | $3,002,000,000 | $2,902,000,000 | $2,649,000,000 |
| Artist Services and Expanded Rights | $835,000,000 | $684,000,000 | $744,000,000 | $767,000,000 | $599,000,000 | $525,000,000 | $629,000,000 | $389,000,000 |
| Physical | $527,000,000 | $519,000,000 | $507,000,000 | $563,000,000 | $549,000,000 | $434,000,000 | $559,000,000 | $630,000,000 |
| Licensing | $452,000,000 | $501,000,000 | $382,000,000 | $331,000,000 | $291,000,000 | $283,000,000 | $309,000,000 | $322,000,000 |
| Performance | $228,000,000 | $198,000,000 | $173,000,000 | $159,000,000 | $122,000,000 | $142,000,000 | $183,000,000 | $212,000,000 |
| Synchronization | $197,000,000 | $175,000,000 | $167,000,000 | $172,000,000 | $144,000,000 | $119,000,000 | $120,000,000 | $119,000,000 |
| Mechanical | $63,000,000 | $58,000,000 | $63,000,000 | $50,000,000 | $49,000,000 | $48,000,000 | $55,000,000 | $72,000,000 |
| Other | $18,000,000 | $16,000,000 | $16,000,000 | $14,000,000 | $10,000,000 | $11,000,000 | $14,000,000 | $13,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Recorded Music | $850,000,000 | $916,000,000 | $875,000,000 | $796,000,000 | $733,000,000 | $175,000,000 | $439,000,000 | $307,000,000 |
| Music Publishing | $224,000,000 | $238,000,000 | $200,000,000 | $139,000,000 | $89,000,000 | $81,000,000 | $92,000,000 | $84,000,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Recorded Music | 15.7% | 17.5% | 17.7% | 16% | 16.1% | 4.6% | 11.4% | 9.1% |
| Music Publishing | 17.2% | 19.7% | 18.4% | 14.5% | 11.7% | 12.3% | 14.3% | 12.9% |
Key facts
CIK
1319161
CUSIP
934550203
13F (30d)
63 filings
63 filers
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