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NASDAQ · SERVICES-AMUSEMENT & RECREATION SERVICES · LARGE CAP

Warner Music Group Corp. WMG

15 fiscal years on record · USD · FY2025 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
$6.7B
▲ 4.4% YoY
$365.0M
▼ 16.1% YoY
$539.0M
▼ 15.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company generates revenue from new releases of recording artists and from its catalog of recordings. As of September 30, 2025, the company employed approximately 5,500 persons worldwide, including temporary and part-time employees as well as employees added through acquisitions. The company owns or controls rights to more than two million musical compositions. Its Recorded Music business primarily consists of the discovery and development of recording artists and the related marketing, promotion, distribution, sale and licensing of music created by those recording artists. Its Music Publishing business is an intellectual property business focused on generating revenue from uses of the musical composition itself. Warner Music Group Corp. was formed on November 21, 2003. The company's constituent companies have a history that dates back to the establishment of Chappell and Co. in 1811 and Parlophone in 1896.

Written from the business description in Warner Music Group Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 20 November 2025. Every sentence was checked against that document before publication.

Growth

USD 6.7B
Revenue, FY2025 · full 15-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.7 · Net income 0.4
2.5B5.0B
201020142017202020232025
Compound annual growth
+4.3%
+8.5%
+8.5%
−12.8%
−13.3%
+6.2%
+7.9%
+3.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.3% · Net 5.4%
5%10%-5%-10%
201020182025
ROE
FY2025 · ROE 62.7%
200%400%600%
201020182025
Three returns, three denominators.

Each USD of equity produced 63 cents of profit this year.

Cash & shareholders

USD 399.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 539.0
250.0M500.0M
201020182025
Net buybacks $M Dividends $M
FY2025 · Dividends 383.0 · Net buybacks 16.0
400M800M
201720182019202020212022202320242025

USD 383.0M in dividends and USD 16.0M in buybacks — 109% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 9.8B
EquityUSD 647.0M
CashUSD 532.0M
Gross debtUSD 4.1B
Net debtUSD 3.5B
Current ratio0.66×

Net debt stands at 546% of equity.

The 15-year record

15 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
WMG, 15-year financial record
Metric 202520242023202220212020201920182017201620152014201320122010
Revenue $B6.76.46.05.95.34.54.54.03.63.23.03.02.92.83.0
Operating income $B0.70.80.80.70.6−0.20.40.20.20.20.10.00.10.10.1
EBITDA $B1.11.11.11.10.90.00.60.50.50.50.40.30.30.40.3
Income tax $B0.10.10.20.20.10.00.00.1−0.20.00.0−0.0−0.00.00.0
Net income $B0.40.40.40.60.3−0.50.30.30.10.0−0.1−0.3−0.2−0.1−0.1
Free cash flow $B0.50.60.60.60.50.40.30.40.50.30.20.10.10.20.1
EPS, diluted $0.690.830.821.06◌◌◌◌◌◌◌◌◌◌◌
Dividend / sh $0.730.690.650.610.51◌◌◌◌◌◌◌◌◌◌
Payout %10583795887−723730159——————
ROE %62.7105.5187.4602.2————58.612.0−30.7−56.2−24.0−11.2◌
Shares out B◌◌◌◌◌◌0.000.000.000.000.000.000.000.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 46 reconciliationsAUDITED

Reconciled in 15 of the 15 fiscal years we could check. 15 checks were skipped: EPS is not tagged before 2022. Eight checks were skipped: the balance sheet is not tagged before 2011. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Amusement & Recreation Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 30
Data on record since2010

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