Warner Music Group Financial Statements
NASDAQ: WMGConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Warner Music Group revenue and earnings
In fiscal 2025, Warner Music Group generated $6.71 billion in revenue, up 4.4% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $365.0 million (-16.1% year over year), for a net margin of 5.4% versus a median of 6.8% in the prior 5 years. Gross margin was 45.8% (down from 47.8%) and operating margin 10.3%.
Over the last 5 fiscal years, WMG's revenue has grown at a 8.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Warner Music Group income statement (annual)
| Fiscal year (USD) | FY 20252025-09-30 | FY 20242024-09-30 | FY 20232023-09-30 | FY 20222022-09-30 | FY 20212021-09-30 | FY 20202020-09-30 | FY 20192019-09-30 | FY 20182018-09-30 | FY 20172017-09-30 | FY 20162016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.71B | 6.43B | 6.04B | 5.92B | 5.30B | 4.46B | 4.47B | 4.00B | 3.58B | 3.25B |
| Revenue growth (YoY) | +4.37% | +6.44% | +1.99% | +11.66% | +18.78% | -0.27% | +11.74% | +12.00% | +10.17% | +9.44% |
| Cost of Revenue | 3.63B | 3.35B | 3.18B | 3.08B | 2.74B | 2.33B | 2.40B | 2.17B | 1.93B | 1.71B |
| Gross Profit | 3.08B | 3.07B | 2.86B | 2.84B | 2.56B | 2.13B | 2.07B | 1.83B | 1.65B | 1.54B |
| Operating Expenses | 2.38B | 2.25B | 2.07B | 2.13B | 1.95B | 2.36B | 1.72B | 1.62B | 1.42B | 1.32B |
| Selling, General & Admin | 1.89B | 1.88B | 1.83B | 1.86B | 1.72B | 2.17B | 1.51B | 1.41B | 1.22B | 1.08B |
| Operating Income | 694.00M | 823.00M | 790.00M | 714.00M | 609.00M | -229.00M | 356.00M | 217.00M | 222.00M | 214.00M |
| Interest Expense | 177.00M | 182.00M | 157.00M | 125.00M | 119.00M | — | — | — | — | — |
| Other Income (Expense) | -42.00M | -61.00M | -36.00M | 151.00M | -9.00M | -57.00M | 60.00M | 394.00M | -40.00M | 18.00M |
| Pretax Income | 490.00M | 601.00M | 609.00M | 740.00M | 456.00M | -447.00M | 267.00M | 442.00M | -2.00M | 41.00M |
| Income Tax | 120.00M | 123.00M | 170.00M | 185.00M | 149.00M | 23.00M | 9.00M | 130.00M | -151.00M | 11.00M |
| Net Income | 365.00M | 435.00M | 430.00M | 551.00M | 304.00M | -475.00M | 256.00M | 307.00M | 143.00M | 25.00M |
| Net Income growth (YoY) | -16.09% | +1.16% | -21.96% | +81.25% | — | -285.55% | -16.61% | +114.69% | +472.00% | — |
| EBITDA | 1.07B | 1.15B | 1.12B | 1.05B | 915.00M | 32.00M | 625.00M | 478.00M | 473.00M | 507.00M |
| Gross Margin | 45.85% | 47.79% | 47.37% | 47.96% | 48.27% | 47.73% | 46.35% | 45.79% | 46.00% | 47.41% |
| Operating Margin | 10.35% | 12.81% | 13.09% | 12.06% | 11.49% | -5.13% | 7.96% | 5.42% | 6.21% | 6.59% |
| Net Margin | 5.44% | 6.77% | 7.12% | 9.31% | 5.73% | -10.64% | 5.72% | 7.67% | 4.00% | 77.00% |
This table shows 10 annual periods of Warner Music Group's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WMG's reporting calendar. What is a income statement?