Warner Music Group financials
$27.62+1.77%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q3 '26 Jun 30 | Q2 '26 Mar 31 | Q1 '26 Dec 31 | Q4 '25 Sep 30 | Q3 '25 Jun 30 | Q2 '25 Mar 31 | Q1 '25 Dec 31 | Q4 '24 Sep 30 | Q3 '24 Jun 30 | Q2 '24 Mar 31 | Q1 '24 Dec 31 | Q4 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $1.73B | $1.84B | $1.87B | $1.69B | $1.48B | $1.67B | $1.63B | $1.55B | $1.49B | $1.75B | $1.59B |
| Gross profit | $854.0M | $802.0M | $853.0M | $834.0M | $776.0M | $693.0M | $772.0M | $776.0M | $724.0M | $703.0M | $868.0M | $741.0M |
| Gross margin | 45.8% | 46.3% | 46.4% | 44.6% | 45.9% | 46.7% | 46.3% | 47.6% | 46.6% | 47.1% | 49.7% | 46.7% |
| Operating income | $305.0M | $264.0M | $293.0M | $143.0M | $169.0M | $168.0M | $214.0M | $143.0M | $206.0M | $105.0M | $337.0M | $212.0M |
| Net income | $58.0M | $130.0M | $176.0M | $31.0M | -$4.0M | $26.0M | $236.0M | $10.0M | $37.0M | $96.0M | $159.0M | -$165.0M |
| Net margin | 3.1% | 7.5% | 9.6% | 1.7% | −0.2% | 1.8% | 14.2% | 0.6% | 2.4% | 6.4% | 9.1% | −10.4% |
| Diluted EPS | $0.38 | $0.34 | $0.33 | — | $-0.03 | $0.07 | $0.45 | — | $0.27 | $0.18 | $0.30 | $0.29 |
| EBITDA | $423.0M | $373.0M | $426.0M | $372.0M | $334.0M | $271.0M | $327.0M | $307.0M | $287.0M | $283.0M | $418.0M | $290.0M |
| Operating cash flow | $142.0M | $126.0M | $440.0M | $231.0M | $46.0M | $69.0M | $332.0M | $304.0M | $188.0M | -$31.0M | $293.0M | $338.0M |
| Free cash flow | $114.0M | $99.0M | $420.0M | $203.0M | $7.0M | $33.0M | $296.0M | $271.0M | $160.0M | -$57.0M | $264.0M | $300.0M |
| Diluted shares | 149.0M | 375.4M | 522.1M | — | 145.9M | 375.4M | 518.4M | — | 141.6M | 517.8M | 516.5M | 516.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $618.0M | $741.0M | $751.0M | $532.0M | $527.0M | $637.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $4.75B | $4.75B | $4.41B | $4.40B | $4.40B | $4.33B |
| Total assets | $10.73B | $10.61B | $10.01B | $9.83B | $9.78B | $9.57B |
| Total liabilities | $9.64B | $9.64B | $9.18B | $9.07B | $8.96B | $8.78B |
| Shareholders' equity | $953.0M | $839.0M | $824.0M | $757.0M | $812.0M | $790.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology