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WARNER MUSIC GROUP CORP.

CIK: 1319161 SIC: 7900
$6.88B
Revenue
$305.00M
Net Income
45.87%
Gross Margin
11.16%
Op. Margin
$1.29B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 15 of 15 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Sep 30, 2025)
FY 2024
(Sep 30, 2024)
FY 2023
(Sep 30, 2023)
FY 2022
(Sep 30, 2022)
FY 2021
(Sep 30, 2021)
FY 2020
(Sep 30, 2020)
FY 2019
(Sep 30, 2019)
FY 2018
(Sep 30, 2018)
FY 2017
(Sep 30, 2017)
FY 2016
(Sep 30, 2016)
FY 2015
(Sep 30, 2015)
FY 2014
(Sep 30, 2014)
FY 2013
(Sep 30, 2013)
FY 2012
(Sep 30, 2012)
FY 2011
(Sep 30, 2011)
+ Total Revenue $6.88B $6.71B $6.43B $6.04B $5.92B $5.30B $4.46B $4.47B $4.00B $3.58B $3.25B $2.97B $3.03B $2.87B $2.78B -
Revenue Growth % 2.6% 4.4% 6.4% 2.0% 11.7% 18.8% -0.3% 11.7% 12.0% 10.2% 9.4% -2.0% 5.4% 3.3% nan% -
Cost of Revenue $3.73B $3.63B $3.35B $3.18B $3.08B $2.74B $2.33B $2.40B $2.17B $1.93B $1.71B $1.51B $1.57B $1.49B $1.46B -
+ Gross Profit $3.16B $3.08B $3.07B $2.86B $2.84B $2.56B $2.13B $2.07B $1.83B $1.65B $1.54B $1.46B $1.46B $1.38B $1.32B -
Gross Margin % 45.9% 45.8% 47.8% 47.4% 48.0% 48.3% 47.7% 46.3% 45.8% 46.0% 47.4% 49.1% 48.1% 48.0% 47.5% -
Operating Expenses $6.11B $6.01B $5.63B $5.29B $5.21B $4.69B $4.69B $4.12B $3.79B $3.35B $3.03B $2.84B $3.01B $2.80B $2.67B -
Selling General & Admin $1.87B $1.89B $1.88B $1.83B $1.86B $1.72B $2.17B $1.51B $1.41B $1.22B $1.08B $1.07B $1.17B $1.10B $1.02B -
+ Operating Income $768.00M $694.00M $823.00M $790.00M $714.00M $609.00M $-229.00M $356.00M $217.00M $222.00M $214.00M $127.00M $19.00M $75.00M $109.00M -
Operating Margin % 11.2% 10.3% 12.8% 13.1% 12.1% 11.5% -5.1% 8.0% 5.4% 6.2% 6.6% 4.3% 0.6% 2.6% 3.9% -
Interest Expense - - - - - - - - - - - - - - $225.00M -
Other Income/Expense $-192.00M $-42.00M $-61.00M $-36.00M $151.00M $-9.00M $-57.00M $60.00M $394.00M $-40.00M $18.00M $-21.00M $-4.00M $-12.00M $8.00M -
Income Before Tax $406.00M $490.00M $601.00M $609.00M $740.00M $456.00M $-447.00M $267.00M $442.00M $-2.00M $41.00M $-75.00M $-329.00M $-225.00M $-108.00M -
Income Tax Expense $102.00M $120.00M $123.00M $170.00M $185.00M $149.00M $23.00M $9.00M $130.00M $-151.00M $11.00M $13.00M $-26.00M $-31.00M $1.00M -
+ Net Income $305.00M $365.00M $435.00M $430.00M $551.00M $304.00M $-475.00M $256.00M $307.00M $143.00M $25.00M $-91.00M $-308.00M $-198.00M $-112.00M -
Net Margin % 4.4% 5.4% 6.8% 7.1% 9.3% 5.7% -10.6% 5.7% 7.7% 4.0% 0.8% -3.1% -10.2% -6.9% -4.0% -
Breakdown FY 2025
(Sep 30, 2025)
FY 2024
(Sep 30, 2024)
FY 2023
(Sep 30, 2023)
FY 2022
(Sep 30, 2022)
FY 2021
(Sep 30, 2021)
FY 2020
(Sep 30, 2020)
FY 2019
(Sep 30, 2019)
FY 2018
(Sep 30, 2018)
FY 2017
(Sep 30, 2017)
FY 2016
(Sep 30, 2016)
FY 2015
(Sep 30, 2015)
FY 2014
(Sep 30, 2014)
FY 2013
(Sep 30, 2013)
FY 2012
(Sep 30, 2012)
FY 2011
(Sep 30, 2011)
Cash & Cash Equivalents $532.00M $694.00M $641.00M $584.00M $499.00M $553.00M $619.00M $514.00M $647.00M $359.00M $246.00M $157.00M $155.00M $302.00M $154.00M
Accounts Receivable $1.34B $1.25B $1.12B $984.00M $839.00M $771.00M $775.00M $447.00M $404.00M $329.00M $349.00M $383.00M $511.00M $398.00M $385.00M
Inventory $62.00M $99.00M $126.00M $108.00M $99.00M $79.00M $74.00M $42.00M $39.00M $41.00M $42.00M $39.00M $33.00M $28.00M $29.00M
Other Current Assets $166.00M $125.00M $102.00M $91.00M $86.00M $55.00M $53.00M $50.00M $44.00M $51.00M $60.00M $55.00M $59.00M $44.00M $45.00M
Total Current Assets $2.77B $2.64B $2.40B $2.14B $1.90B $1.68B $1.69B $1.18B $1.27B $908.00M $879.00M $782.00M $894.00M $939.00M $802.00M
Property Plant & Equipment $441.00M $481.00M $458.00M $415.00M $364.00M $331.00M $300.00M $229.00M $213.00M $203.00M $220.00M $227.00M $180.00M $152.00M $182.00M
Goodwill $2.06B $2.02B $1.99B $1.92B $1.83B $1.83B $1.76B $1.69B $1.69B $1.63B $1.63B $1.66B $1.67B $1.38B $1.37B
Intangible Assets $2.73B $2.36B $2.35B $2.24B $2.02B $1.65B $1.72B $1.85B $2.09B $2.20B $2.51B $2.88B $3.11B $2.50B $2.68B
Other Non-current Assets $299.00M $348.00M $225.00M $212.00M $194.00M $153.00M $145.00M $78.00M $69.00M $118.00M $112.00M $90.00M $110.00M $64.00M $71.00M
Total Assets $9.83B $9.15B $8.54B $7.83B $7.21B $6.41B $6.02B $5.34B $5.72B $5.37B $5.67B $5.95B $6.25B $5.28B $5.38B
Accounts Payable $257.00M $289.00M $300.00M $268.00M $302.00M $264.00M $260.00M $281.00M $208.00M $204.00M $173.00M $215.00M $280.00M $156.00M $165.00M
Accrued Liabilities $666.00M $641.00M $533.00M $457.00M $461.00M $382.00M $492.00M $423.00M $365.00M $297.00M $296.00M $243.00M $321.00M $258.00M $217.00M
Deferred Revenue $286.00M $246.00M $371.00M $423.00M $348.00M $297.00M $180.00M $208.00M $197.00M $178.00M $206.00M $219.00M $139.00M $101.00M $101.00M
Other Current Liabilities $129.00M $110.00M $57.00M $245.00M $102.00M $80.00M $286.00M $34.00M $26.00M $21.00M $24.00M $3.00M $25.00M $5.00M $10.00M
Total Current Liabilities $4.20B $3.90B $3.54B $3.37B $3.15B $2.72B $2.82B $2.37B $2.10B $1.84B $1.86B $1.89B $2.00B $1.61B $1.52B
Long-term Debt $4.06B $4.01B $3.96B $3.73B $3.35B $3.10B $2.97B $2.82B $2.81B $2.81B $2.98B $3.02B $2.85B $2.21B $2.22B
Deferred Tax Liabilities $164.00M $195.00M $216.00M $220.00M $207.00M $163.00M $172.00M $165.00M - - - - - - -
Other Non-current Liabilities $142.00M $146.00M $141.00M $99.00M $175.00M $169.00M $321.00M $307.00M $309.00M $236.00M $242.00M $279.00M $216.00M $147.00M $148.00M
Total Liabilities $9.07B $8.48B $8.12B $7.66B $7.17B $6.46B $6.29B $5.66B $5.41B $5.16B $5.43B $5.56B $5.51B $4.33B $4.30B
Common Stock - - - - - - - - - - - - - - -
Retained Earnings $-1.33B $-1.31B $-1.39B $-1.48B $-1.71B $-1.75B $-1.18B $-1.27B $-654.00M $-715.00M $-740.00M $-649.00M $-341.00M $-143.00M $-31.00M
Total Stockholders Equity $647.00M $518.00M $307.00M $152.00M $31.00M $-63.00M $-289.00M $-334.00M $293.00M $195.00M $221.00M $371.00M $726.00M $927.00M $1.06B
Total Liabilities & Equity $9.83B $9.15B $8.54B $7.83B $7.21B $6.41B $6.02B $5.34B $5.72B $5.37B $5.67B $5.95B $6.25B $5.28B $5.38B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Sep 30, 2025)
FY 2024
(Sep 30, 2024)
FY 2023
(Sep 30, 2023)
FY 2022
(Sep 30, 2022)
FY 2021
(Sep 30, 2021)
FY 2020
(Sep 30, 2020)
FY 2019
(Sep 30, 2019)
FY 2018
(Sep 30, 2018)
FY 2017
(Sep 30, 2017)
FY 2016
(Sep 30, 2016)
FY 2015
(Sep 30, 2015)
FY 2014
(Sep 30, 2014)
FY 2013
(Sep 30, 2013)
FY 2012
(Sep 30, 2012)
FY 2011
(Sep 30, 2011)
Net Income $305.00M $365.00M $435.00M $430.00M $551.00M $304.00M $-475.00M $256.00M $307.00M $143.00M $25.00M $-91.00M $-308.00M $-198.00M $-112.00M -
Depreciation & Amortization $651.00M $376.00M $327.00M $332.00M $339.00M $306.00M $261.00M $269.00M $261.00M $251.00M $293.00M $309.00M $321.00M $258.00M $244.00M -
Stock-based Compensation - - - $49.00M $39.00M $45.00M $608.00M $50.00M $62.00M $70.00M $23.00M $3.00M $8.00M $19.00M - -
Deferred Income Tax $-41.00M $-90.00M $-48.00M $-13.00M $13.00M $27.00M $-57.00M $-68.00M $66.00M $-192.00M $-26.00M $-11.00M $-55.00M $-73.00M $-26.00M -
Change in Receivables $60.00M $61.00M $110.00M $113.00M $195.00M $58.00M $-18.00M $90.00M $43.00M $60.00M $-17.00M $-6.00M $-72.00M $15.00M $16.00M -
Change in Inventory $-10.00M $11.00M $-30.00M $12.00M $22.00M $19.00M $2.00M $-3.00M $3.00M $-1.00M - $6.00M $7.00M $5.00M $-1.00M -
Operating Cash Flow $1.52B $678.00M $754.00M $687.00M $742.00M $638.00M $463.00M $400.00M $425.00M $535.00M $342.00M - - - $209.00M -
Capital Expenditure $231.00M $139.00M $116.00M $127.00M $135.00M $93.00M $85.00M $104.00M $74.00M $44.00M $42.00M $63.00M $76.00M $34.00M $32.00M -
Acquisitions $104.00M $46.00M $40.00M $126.00M $509.00M $64.00M $94.00M $231.00M $23.00M $139.00M $28.00M $16.00M $53.00M $737.00M $8.00M -
Investing Cash Flow $-594.00M $-340.00M $-311.00M $-300.00M $-824.00M $-638.00M $-219.00M $-376.00M $405.00M $-126.00M $-8.00M - - - $-58.00M -
Debt Repayment - - - - - - - - - - $309.00M $13.00M $10.00M $110.00M - -
Stock Repurchased $44.00M $16.00M - - - - - - - - - - - - - -
Dividends Paid $578.00M $383.00M $361.00M $340.00M $318.00M $265.00M $344.00M $93.75M $925.00M $84.00M - - - - - -
Financing Cash Flow $-904.00M $-497.00M $-396.00M $-325.00M $188.00M $-61.00M $-316.00M $88.00M $-955.00M $-128.00M $-216.00M - - - $-3.00M -
Net Change in Cash $-3.00M $-162.00M $53.00M $57.00M $85.00M $-54.00M $-66.00M $105.00M $-133.00M $288.00M $113.00M $89.00M $2.00M $-147.00M $148.00M -
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
Description Dec 31, 2025
Current Prior Year
Total Revenue $1.84B $1.67B
Cost of Revenue $987.00M $894.00M
Operating Expenses $1.55B $1.45B
Selling General & Admin $458.00M $474.00M
Operating Income $288.00M $214.00M
Interest Expense $46.00M $43.00M
Other Income/Expense $3.00M $153.00M
Income Before Tax $246.00M $330.00M
Income Tax Expense $71.00M $89.00M
Net Income $176.00M $236.00M
Condensed Consolidated Balance Sheets
Description Dec 31, 2025 Sep 30, 2025
Cash & Cash Equivalents $751.00M $532.00M
Accounts Receivable $1.37B $1.34B
Inventory $60.00M $62.00M
Other Current Assets $169.00M $166.00M
Total Current Assets $3.02B $2.77B
Property Plant & Equipment $418.00M $441.00M
Goodwill $2.06B $2.06B
Intangible Assets $2.84B $2.88B
Other Non-current Assets $317.00M $299.00M
Total Assets $10.01B $9.83B
Accounts Payable $201.00M $257.00M
Accrued Liabilities $667.00M $666.00M
Deferred Revenue $246.00M $286.00M
Other Current Liabilities $124.00M $129.00M
Total Current Liabilities $4.31B $4.20B
Long-term Debt $4.37B $4.37B
Deferred Tax Liabilities $169.00M $164.00M
Other Non-current Liabilities $144.00M $142.00M
Total Liabilities $9.18B $9.07B
Retained Earnings $-1.25B $-1.33B
Total Stockholders Equity $720.00M $647.00M
Total Liabilities & Equity $10.01B $9.83B
Condensed Consolidated Statements of Cash Flows
Description Dec 31, 2025
Current Prior Year
Net Income $176.00M $236.00M
Depreciation & Amortization $99.00M $86.00M
Deferred Income Tax $25.00M $23.00M
Change in Receivables $33.00M $-24.00M
Change in Inventory $-12.00M $-10.00M
Operating Cash Flow $440.00M $332.00M
Capital Expenditure $20.00M $36.00M
Acquisitions $12.00M $40.00M
Investing Cash Flow $-52.00M $-81.00M
Stock Repurchased $26.00M $2.00M
Dividends Paid $100.00M $94.00M
Financing Cash Flow $-159.00M $-127.00M
Net Change in Cash $216.00M $108.00M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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