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MARKETS / NASDAQ / WMG
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
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
2.5B5.0B20102013201520172019202120232025
Compound annual growth
+4.3%
+8.5%
+8.5%
+5.5%
−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 five years.

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%20102013201520172019202120232025
ROE
FY2025 · ROE 62.7%
200%400%600%20102013201520172019202120232025

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
250.0M500.0M20102013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 383.0 · Net buybacks 16.0
400M800M201720182019202020212022202320242025

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
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 · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 46 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 34 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Amusement & Recreation Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 30
Data on record since2010

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