Warner Music Group Corp.

WMG

Warner Music Group Corp.

WMG

Insider Sentiment (TTM):

Last Purchase:2025-12-11Last Sale:2025-04-02Shares Purchased (TTM):71,588Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:135,089,447Shares Outstanding:146,573,000Institutional Ownership Pct.:92.17%

Earnings Market Reaction:

Filing Date:2026-05-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Services-Amusement & Recreation Services

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Common Class B	0	375	375	-375	0	375	0	0	-1	377	0	0
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	741	751	532	527	637	802	694	607	587	754	641	600
Accounts Receivable Net Current	1,505	1,374	1,340	1,305	1,218	1,201	1,255	1,222	1,197	1,195	1,120	1,113
Inventory Net	65	60	62	101	88	84	99	92	97	106	126	116
Advance Royalties Current	649	584	581	579	509	473	470	450	456	453	413	390
Assets Of Disposal Group Including Discontinued Op…	68	80	89	-	-	-	0	-	-	-	-	-
Prepaid Expense And Other Assets Current	192	169	166	166	147	156	125	112	113	108	102	98
Assets Current	3,220	3,018	2,770	2,678	2,599	2,716	2,643	2,483	2,450	2,616	2,402	2,317
Advance Royalties Noncurrent	1,082	1,082	1,079	1,075	945	878	874	837	759	755	688	584
Property Plant And Equipment Net	414	418	441	472	503	491	481	464	462	466	458	454
Operating Lease Right Of Use Asset	168	179	189	216	217	221	225	226	233	242	245	252
Goodwill	2,054	2,063	2,061	2,064	2,031	2,013	2,021	2,003	2,007	2,015	1,993	1,962
Finite Lived Intangible Assets Net	3,101	2,690	2,725	2,764	2,764	2,329	2,359	2,309	2,318	2,390	2,353	2,195
Indefinite Lived Intangible Assets Excluding Goodw…	153	154	154	154	151	149	152	150	150	151	149	150
Deferred Income Tax Assets Net	90	90	111	46	41	40	52	29	30	31	32	27
Other Assets Noncurrent	330	317	299	308	317	309	348	329	322	325	225	209
Assets	10,612	10,011	9,829	9,777	9,568	9,146	9,155	8,830	8,731	8,991	8,545	8,150
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	452	201	257	241	347	189	289	200	306	246	300	249
Accrued Royalties Current	2,834	2,938	2,740	2,828	2,600	2,653	2,549	2,582	2,409	2,460	2,219	2,239
Accrued Liabilities Current	468	667	666	533	475	539	641	499	465	538	533	422
Interest Payable Current	27	39	31	39	35	42	17	29	18	29	18	29
Operating Lease Liability Current	48	47	43	43	47	47	45	43	43	43	41	41
Contract With Customer Liability Current	451	246	286	278	319	312	246	168	234	305	371	226
Liabilities Of Disposal Group Including Discontinu…	38	48	49	-	-	-	0	-	-	-	-	-
Other Liabilities Current	103	124	129	88	93	141	110	52	58	124	57	84
Liabilities Current	4,421	4,310	4,201	4,050	3,916	3,923	3,897	3,573	3,533	3,745	3,539	3,290
Secured Long Term Debt	4,046	4,064	4,063	4,061	3,990	3,955	4,014	3,978	3,984	4,004	3,964	3,988
Other Long Term Debt Noncurrent	673	307	-	-	-	-	-	-	-	-	-	-
Operating Lease Liability Noncurrent	174	188	200	212	216	222	228	232	239	249	255	264
Deferred Income Tax Liabilities Net	180	169	164	204	214	209	195	251	236	223	216	205
Other Liabilities Noncurrent	146	144	142	136	140	140	146	161	154	154	141	104
Liabilities	9,640	9,182	9,072	8,965	8,778	8,449	8,480	8,195	8,146	8,375	8,115	7,851
Redeemable Noncontrolling Interest Equity Carrying…	133	5	-	-	-	-	-	-	-	-	-	-
Stockholders Equity Inclu…
Additional Paid In Capital Common Stock	2,134	2,154	2,166	2,102	2,088	2,091	2,077	2,053	2,043	2,039	2,015	2,007
Retained Earnings Accumulated Deficit	-1,172	-1,255	-1,331	-1,340	-1,230	-1,171	-1,313	-1,260	-1,310	-1,317	-1,387	-1,450
Accumulated Other Comprehensive Income Loss Net Of…	-225	-180	-189	-174	-292	-376	-247	-311	-301	-260	-322	-277
Stockholders Equity	738	720	757	812	567	545	675	635	585	616	307	281
Minority Interest	101	104	110	223	223	152	157	152	152	153	123	18
Liabilities And Stockholders Equity	10,612	10,011	9,829	9,777	9,568	9,146	9,155	8,830	8,731	8,991	8,545	8,150
Common Class A	-1	147	147	-145	1	144	0	0	1	141	0	0
Allowance For Doubtful Accounts Receivable Current	28	28	27	24	23	24	26	23	21	19	19	19
Accumulated Depreciation Depletion And Amortizatio…	749	718	-	701	665	632	-	594	573	551	-	523

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-5.34%	-11.22%	-4.86%	2.17%	-12.67%	-13.99%	-	-	-	-	-	-
2025	6.69%	-0.09%	-5.57%	-4.33%	-1.13%	13.23%	7.69%	7.53%	5.98%	-6.40%	4.45%	-2.16%
2024	1.02%	-5.98%	-7.75%	-8.07%	-5.39%	-7.92%	0.48%	9.57%	13.72%	4.30%	-5.90%	4.94%
2023	-	-	-	-4.92%	1.92%	24.69%	3.39%	-3.53%	-5.28%	3.42%	9.45%	9.94%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	0.73	0.70	0.66	0.66	0.66	0.69	0.68	0.69	0.69	0.70	0.68	0.70
Quick Ratio	0.67	0.65	0.61	0.60	0.60	0.63	0.62	0.64	0.63	0.64	0.61	0.64
Working Capital	-1.20B	-1.29B	-1.43B	-1.37B	-1.32B	-1.21B	-1.25B	-1.09B	-1.08B	-1.13B	-1.14B	-973.00M
Leverage & Debt
Debt to Equity	13.06	12.75	11.98	11.04	15.48	15.50	12.56	12.91	13.92	13.60	18.87	27.94
Interest Coverage TTM	5.02	4.52	4.28	4.36	4.69	4.30	5.11	5.68	5.64	5.94	5.60	5.45
Debt Ratio	0.91	0.92	0.92	0.92	0.92	0.92	0.93	0.93	0.93	0.93	0.95	0.96
Efficiency & Turnover
Asset Turnover TTM	0.71	0.72	0.71	0.70	0.69	0.70	0.73	0.75	0.76	0.74	0.74	0.75
Days Sales Outstanding TTM	69.71	68.29	70.61	71.29	69.58	68.93	67.45	66.77	63.21	63.73	63.60	63.91
Receivables Turnover TTM	5.24	5.34	5.17	5.12	5.25	5.30	5.41	5.47	5.77	5.73	5.74	5.71
Per Share Metrics
Diluted EPS TTM	3.03	2.08	2.52	2.04	3.12	3.58	3.09	3.86	3.75	3.36	3.11	3.08
Free Cash Flow Per Share TTM	4.97	4.52	3.71	4.16	5.24	4.68	4.53	4.71	4.40	4.58	4.06	4.74
Dividend Per Share TTM	2.69	2.65	2.64	3.19	2.57	2.56	2.56	2.47	2.49	2.48	2.46	2.38
Margin Metrics
Gross Profit Margin TTM	154.20%	154.13%	154.15%	153.36%	153.19%	153.11%	152.21%	152.43%	152.66%	152.34%	152.63%	152.64%
Operating Profit Margin TTM	12.12%	11.16%	10.35%	10.73%	11.56%	10.77%	12.81%	13.98%	13.67%	13.96%	13.09%	12.46%
Net Profit Margin TTM	6.34%	4.43%	5.44%	4.59%	7.14%	8.07%	6.77%	8.56%	8.28%	7.42%	7.12%	7.16%
Growth Metrics
Net Revenue Growth (1Y)	12.55%	8.46%	4.37%	1.36%	-0.91%	0.75%	6.44%	7.30%	9.90%	8.70%	1.99%	2.59%
Net Income Growth (1Y)	0.00%	-40.43%	-16.09%	-45.60%	-14.56%	9.64%	1.16%	28.17%	23.60%	-3.91%	-21.96%	-1.16%
EPS Growth (1Y)	-1.12%	-41.93%	-18.55%	-47.21%	-16.85%	6.51%	-0.86%	25.20%	21.16%	-4.98%	-24.45%	-1.96%
Valuation Metrics
P/E TTM	8.24	14.58	13.30	13.06	9.75	8.35	9.72	7.58	8.35	10.05	9.46	7.91
P/B TTM	5.04	6.18	6.41	4.78	7.77	7.85	6.27	6.51	7.55	7.62	9.46	11.99
P/S TTM	0.52	0.65	0.72	0.60	0.70	0.67	0.66	0.65	0.69	0.75	0.67	0.57
Market Cap	3.72B	4.45B	4.85B	3.88B	4.40B	4.28B	4.23B	4.14B	4.42B	4.69B	4.07B	3.37B
Enterprise Value	7.03B	7.76B	8.38B	7.41B	7.76B	7.43B	7.55B	7.51B	7.81B	7.94B	7.39B	6.76B
Calculated Values
Free Cash Flow TTM	729.00M	663.00M	539.00M	607.00M	760.00M	670.00M	638.00M	667.00M	620.00M	636.00M	560.00M	656.00M
Net Debt	3.31B	3.31B	3.53B	3.53B	3.35B	3.15B	3.32B	3.37B	3.40B	3.25B	3.32B	3.39B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-12-11Purchase

Owner: Zerza, Armin

Title: Chief Financial Officer

Shares: 35,778

Price/Share: $28.12

Value: $1,006,077.36

Shares Owned: 254,119

Relationship: Officer

Ownership: Direct

2025-12-02Purchase

Owner: Blavatnik, Valentin

Title: -

Shares: 35,810

Price/Share: $27.88

Value: $998,382.80

Shares Owned: 104,074

Relationship: Director

Ownership: Direct

2025-04-02Sale

Owner: Matusch, Timothy

Title: EVP Strategy & Operations

Shares: 1,000

Price/Share: $31.43

Value: $31,430.00

Shares Owned: 87,649

Relationship: Officer

Ownership: Direct

2025-02-20Sale

Owner: Blavatnik, Valentin

Title: -

Shares: 28,230

Price/Share: $35.45

Value: $1,000,753.50

Shares Owned: 68,264

Relationship: Director

Ownership: Direct

2025-02-14Sale

Owner: Matusch, Timothy

Title: EVP Strategy & Operations

Shares: 1,103

Price/Share: $36.49

Value: $40,248.47

Shares Owned: 88,649

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-12-11	Zerza, Armin	Officer	Chief Financial Officer	Direct	Purchase	35,778	28.12	$1,006,077.36	254,119	4
2025-12-02	Blavatnik, Valentin	Director	-	Direct	Purchase	35,810	27.88	$998,382.80	104,074	4/A
2025-04-02	Matusch, Timothy	Officer	EVP Strategy & Operations	Direct	Sale	1,000	31.43	$31,430.00	87,649	4
2025-02-20	Blavatnik, Valentin	Director	-	Direct	Sale	28,230	35.45	$1,000,753.50	68,264	4
2025-02-14	Matusch, Timothy	Officer	EVP Strategy & Operations	Direct	Sale	1,103	36.49	$40,248.47	88,649	4
2025-02-12	Osherova, Maria	Officer	EVP, Chief Human Res. Officer	Direct	Sale	6,553	33.90	$222,146.70	44,699	4
2024-12-20	Benet, Lincoln E	Director	-	Direct	Sale	35,000	30.96	$1,083,600.00	242,360	4
2024-09-11	Lousada, Max	Officer	CEO, Recorded Music	Direct	Sale	250,769	28.09	$7,044,101.21	2,039,002	4
2024-09-10	Lousada, Max	Officer	CEO, Recorded Music	Direct	Sale	428,834	28.00	$12,007,352.00	2,289,771	4
2024-09-05	Lousada, Max	Officer	CEO, Recorded Music	Direct	Sale	135,324	28.17	$3,812,077.08	2,725,964	4
2024-02-15	Benet, Lincoln E	Director	-	Direct	Sale	71,981	36.12	$2,599,953.72	277,360	4
2023-12-05	Lousada, Max	Officer	CEO, Recorded Music	Direct	Sale	869,008	33.36	$28,990,106.88	1,883,578	4
2023-02-24	Benet, Lincoln E	Director	-	Direct	Sale	30,000	32.14	$964,200.00	349,341	4
2023-02-21	Benet, Lincoln E	Director	-	Direct	Sale	20,000	32.00	$640,000.00	379,341	4
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Institutional Ownership

No data available for chart

2026-03-31

92.17%

Inst. Shares: 135,089,447

Shares Outstanding: 146,573,000

2025-12-31

99.41%

Inst. Shares: 145,883,336

Shares Outstanding: 146,755,000

2025-09-30

102.70%

Inst. Shares: 149,049,658

Shares Outstanding: 145,128,000

2025-06-30

100.98%

Inst. Shares: 147,312,059

Shares Outstanding: 145,878,000

2025-03-31

101.14%

Inst. Shares: 146,590,969

Shares Outstanding: 144,938,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	135,089,447	146,573,000	92.17%
2025-12-31	145,883,336	146,755,000	99.41%
2025-09-30	149,049,658	145,128,000	102.70%
2025-06-30	147,312,059	145,878,000	100.98%
2025-03-31	146,590,969	144,938,000	101.14%
2024-12-31	141,227,235	143,053,000	98.72%
2024-09-30	136,904,317	140,882,000	97.18%
2024-06-30	130,002,325	141,568,000	91.83%
2024-03-31	117,528,652	141,044,000	83.33%
2023-12-31	119,746,387	138,972,000	86.17%
2023-09-30	117,551,276	138,070,000	85.14%
2023-06-30	116,375,451	138,290,000	84.15%
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Warner Music Group Corp. (WMG) — SEC Financial Statements & Analysis

Warner Music Group Corp. (WMG) is a services-amusement & recreation services company, incorporated in DE. Warner Music Group Corp. trades on WMG: Nasdaq as: WMG. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Warner Music Group Corp. reported a 12.55% year-over-year revenue growth, a Gross Profit Margin of 154.20% (TTM), a Debt-to-Equity ratio of 13.06x, a Price-to-Sales (P/S) ratio of 0.52x (TTM), a Price-to-Book (P/B) ratio of 5.04 (TTM), at a market cap of $3.72B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 12.55%
Gross Profit Margin TTM: 154.20%
Debt To Equity: 13.06x
P/S TTM: 0.52x
P/B TTM: 5.04
Market Cap: $3.72B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Warner Music Group Corp. in?

Warner Music Group Corp. (WMG) operates in the Services-Amusement & Recreation Services industry.

What is WMG's market cap?

Warner Music Group Corp. (WMG) has a market capitalization of $3.72B as of 2026-03-31.

What is WMG's P/E ratio?

Warner Music Group Corp. (WMG)'s trailing twelve month P/E ratio is 8.24x as of 2026-03-31.

What exchange does WMG trade on?

Warner Music Group Corp. (WMG) trades on the WMG: Nasdaq.

Where is Warner Music Group Corp. incorporated?

Warner Music Group Corp. is incorporated in DE.

Warner Music Group Corp. (WMG) — SEC Financial Statements & Analysis

Frequently Asked Questions

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