Warner Music Group Corp (WMG)

Name: Warner Music Group Corp Financial Statements
Creator: Quarter Results

Communication Services | Entertainment

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$1.8B

Net Income

$176M

Operating Margin

15.7%

Free Cash Flow

$539M

Debt / Assets

92.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Warner Music Group Corp (WMG).
Income Statement (Quarterly)	2025-12-31	2025-03-31	2024-12-31	2024-09-30
Revenue	1,840,000,000	1,484,000,000	1,666,000,000	1,630,000,000
Cost of Revenue	987,000,000	791,000,000	894,000,000	854,000,000
Gross Profit	853,000,000	693,000,000	772,000,000	776,000,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	458,000,000	422,000,000	445,000,000	469,000,000
Operating Expenses	458,000,000	525,000,000	558,000,000	633,000,000
Operating Income	288,000,000	168,000,000	214,000,000	143,000,000
Interest Expense	-45,000,000	39,000,000	37,000,000	40,000,000
Income Before Tax	246,000,000	65,000,000	330,000,000	51,000,000
Income Tax Expense	-71,000,000	29,000,000	89,000,000	3,000,000
Net Income	176,000,000	36,000,000	236,000,000	41,000,000
Per Share
EPS	0.34	0.07	0.45	0.03
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Warner Music Group Corp (WMG).
Income Statement (Annual)	2025-09-30	2024-09-30	2023-09-30	2023-03-31	2022-09-30
Revenue	6,707,000,000	6,426,000,000	6,037,000,000	13,000,000	5,919,000,000
Cost of Revenue	3,632,000,000	3,355,000,000	3,177,000,000	0	3,080,000,000
Gross Profit	3,075,000,000	3,071,000,000	2,860,000,000	13,000,000	2,839,000,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	1,714,000,000	1,776,000,000	1,786,000,000	0	1,862,000,000
Operating Expenses	2,381,000,000	2,248,000,000	2,070,000,000	0	2,125,000,000
Operating Income	694,000,000	823,000,000	790,000,000	0	714,000,000
Interest Expense	159,000,000	161,000,000	141,000,000	130,000,000	125,000,000
Income Before Tax	490,000,000	601,000,000	609,000,000	145,000,000	740,000,000
Income Tax Expense	120,000,000	123,000,000	170,000,000	145,000,000	185,000,000
Net Income	365,000,000	435,000,000	430,000,000	0	551,000,000
Per Share
EPS	0.70	0.41	0.42	0.00	1.06
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Warner Music Group Corp (WMG).
Balance Sheet (Quarterly)	2025-09-30	2024-09-30	2023-09-30	2022-09-30
Assets
Cash and Cash Equivalents	532,000,000	694,000,000	641,000,000	584,000,000
Short Term Investments	0	0	2,000,000	0
Net Receivables	1,340,000,000	1,255,000,000	1,120,000,000	984,000,000
Inventory	62,000,000	99,000,000	126,000,000	108,000,000
Total Current Assets	2,770,000,000	2,643,000,000	2,402,000,000	2,139,000,000
Property Plant Equipment	630,000,000	706,000,000	703,000,000	641,000,000
Goodwill and Intangibles	4,786,000,000	4,532,000,000	4,495,000,000	4,304,000,000
Total Assets	9,829,000,000	9,155,000,000	8,545,000,000	7,828,000,000
Liabilities
Account Payables	257,000,000	289,000,000	300,000,000	268,000,000
Short Term Debt	43,000,000	45,000,000	41,000,000	40,000,000
Total Current Liabilities	4,201,000,000	3,897,000,000	3,539,000,000	3,368,000,000
Long Term Debt	4,565,000,000	4,242,000,000	4,219,000,000	3,973,000,000
Total Liabilities	9,072,000,000	8,480,000,000	8,115,000,000	7,660,000,000
Shareholders Equity
Retained Earnings	-1,331,000,000	-1,313,000,000	-1,387,000,000	-1,477,000,000
Total Shareholders Equity	647,000,000	518,000,000	307,000,000	152,000,000

Balance sheet annual history for Warner Music Group Corp (WMG).
Balance Sheet (Annual)	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Assets
Cash and Cash Equivalents	532,000,000	694,000,000	641,000,000	584,000,000	499,000,000
Short Term Investments	0	0	2,000,000	0	0
Net Receivables	1,340,000,000	1,255,000,000	1,120,000,000	984,000,000	839,000,000
Inventory	62,000,000	99,000,000	126,000,000	108,000,000	99,000,000
Total Current Assets	2,770,000,000	2,643,000,000	2,402,000,000	2,139,000,000	1,896,000,000
Property Plant Equipment	630,000,000	706,000,000	703,000,000	641,000,000	632,000,000
Goodwill and Intangibles	4,786,000,000	4,532,000,000	4,495,000,000	4,304,000,000	4,001,000,000
Total Assets	9,829,000,000	9,155,000,000	8,545,000,000	7,828,000,000	7,211,000,000
Liabilities
Account Payables	257,000,000	289,000,000	300,000,000	268,000,000	302,000,000
Short Term Debt	43,000,000	45,000,000	41,000,000	40,000,000	43,000,000
Total Current Liabilities	4,201,000,000	3,897,000,000	3,539,000,000	3,368,000,000	3,150,000,000
Long Term Debt	4,565,000,000	4,242,000,000	4,219,000,000	3,973,000,000	3,633,000,000
Total Liabilities	9,072,000,000	8,480,000,000	8,115,000,000	7,660,000,000	7,165,000,000
Shareholders Equity
Retained Earnings	-1,331,000,000	-1,313,000,000	-1,387,000,000	-1,477,000,000	-1,710,000,000
Total Shareholders Equity	647,000,000	518,000,000	307,000,000	152,000,000	31,000,000

Cash flow quarterly history for Warner Music Group Corp (WMG).
Cash Flow Statement (Quarterly)	2025-09-30	2024-09-30	2023-09-30	2022-12-31
Operating Activities
Net Income	361,000,000	478,000,000	439,000,000	0
Depreciation & Amortization	376,000,000	327,000,000	332,000,000	342,000,000
Stock Based Compensation	0	52,000,000	49,000,000	29,000,000
Change in Working Capital	-221,000,000	-148,000,000	-119,000,000	0
Operating Cash Flow	678,000,000	754,000,000	687,000,000	371,000,000
Investing Activities
Capital Expenditure	-139,000,000	-116,000,000	-241,000,000	0
Investments	-334,000,000	-303,000,000	-241,000,000	0
Investing Cash Flow	-340,000,000	-311,000,000	-300,000,000	0
Financing Activities
Debt Repayment	-1,000,000	0	-151,000,000	0
Common Stock Issued/Repurchased	-16,000,000	0	0	0
Dividends Paid	-383,000,000	-361,000,000	-340,000,000	0
Financing Cash Flow	-497,000,000	-396,000,000	-325,000,000	0
Summary
Free Cash Flow	539,000,000	638,000,000	446,000,000	371,000,000
Net Change in Cash	-162,000,000	53,000,000	57,000,000	371,000,000

Cash flow annual history for Warner Music Group Corp (WMG).
Cash Flow Statement (Annual)	2025-09-30	2024-09-30	2023-09-30	2022-12-31	2022-09-30
Operating Activities
Net Income	361,000,000	478,000,000	439,000,000	0	555,000,000
Depreciation & Amortization	376,000,000	327,000,000	332,000,000	342,000,000	339,000,000
Stock Based Compensation	0	52,000,000	49,000,000	29,000,000	39,000,000
Change in Working Capital	-221,000,000	-148,000,000	-119,000,000	0	-87,000,000
Operating Cash Flow	678,000,000	754,000,000	687,000,000	371,000,000	742,000,000
Investing Activities
Capital Expenditure	-139,000,000	-116,000,000	-241,000,000	0	-326,000,000
Investments	-334,000,000	-303,000,000	-241,000,000	0	-326,000,000
Investing Cash Flow	-340,000,000	-311,000,000	-300,000,000	0	-824,000,000
Financing Activities
Debt Repayment	-1,000,000	0	-151,000,000	0	-530,000,000
Common Stock Issued/Repurchased	-16,000,000	0	0	0	0
Dividends Paid	-383,000,000	-361,000,000	-340,000,000	0	-318,000,000
Financing Cash Flow	-497,000,000	-396,000,000	-325,000,000	0	188,000,000
Summary
Free Cash Flow	539,000,000	638,000,000	446,000,000	371,000,000	416,000,000
Net Change in Cash	-162,000,000	53,000,000	57,000,000	371,000,000	85,000,000