Warner Music (WMG) Accumulated Expenses (2010 - 2026)
Warner Music (WMG) posted Accumulated Expenses of $534 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 6.6% from $572 million a year earlier but up 7.9% from the prior quarter.
Powered by 
Analysis
Warner Music (WMG) Accumulated Expenses (2010 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Warner Music's Accumulated Expenses came in at $697 million, up 5.9% from FY2024.
- Annual Accumulated Expenses has increased for three consecutive fiscal years, with a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- In prior fiscal years, Warner Music's Accumulated Expenses was $658 million in FY2024 (+19.4%), $551 million in FY2023 (+16.2%), $474 million in FY2022 (-0.2%) and $475 million in FY2021 (+15.3%).
- Quarterly Accumulated Expenses has run from a low of $389 million in fiscal Q2 2022 to a high of $706 million in fiscal Q1 2026 over five years.
- On a year-over-year basis, Accumulated Expenses increased in six of the last eight quarters, with growth averaging 6.7%.
- The strongest year-over-year quarter for Accumulated Expenses in the past five years was fiscal Q1 2026, with growth of 21.5%; the weakest was fiscal Q3 2026, with a decline of 6.6%.
- According to Business Quant data, Accumulated Expenses for the three prior fiscal quarters was $495 million (Q2 2026), $706 million (Q1 2026) and $697 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Walt Disney | 202.84 Bn | 180.60 Bn | 11.57 Bn |
| 2 | Warner Music | 11.75 Bn | 9.11 Bn | 854.00 Mn |
| 3 | Lionsgate Studios | 4.24 Bn | 2.93 Bn | - |
| 4 | Reservoir Media | 673.15 Mn | 588.20 Mn | 32.16 Mn |
| 5 | Angel Studios | 623.64 Mn | 429.31 Mn | 59.96 Mn |
| 6 | Kartoon Studios | 33.24 Mn | 16.11 Mn | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - |
| 8 | Nexus Advanced Technologies | 949,077.37 | -16.71 Mn | - |
| 9 | AI Era | 54,593.42 | -595,639.58 | - |
| 10 | Sony | 161.14 Bn | 95.68 Bn | 7.96 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 534.00 Mn |
| Mar 31, 2026 | 495.00 Mn |
| Dec 31, 2025 | 706.00 Mn |
| Sep 30, 2025 | 697.00 Mn |
| Jun 30, 2025 | 572.00 Mn |
| Mar 31, 2025 | 510.00 Mn |
| Dec 31, 2024 | 581.00 Mn |
| Sep 30, 2024 | 658.00 Mn |
| Jun 30, 2024 | 528.00 Mn |
| Mar 31, 2024 | 483.00 Mn |
| Dec 31, 2023 | 567.00 Mn |
| Sep 30, 2023 | 551.00 Mn |
| Jun 30, 2023 | 451.00 Mn |
| Mar 31, 2023 | 428.00 Mn |
| Dec 31, 2022 | 506.00 Mn |
| Sep 30, 2022 | 474.00 Mn |
| Jun 30, 2022 | 424.00 Mn |
| Mar 31, 2022 | 389.00 Mn |
| Dec 31, 2021 | 496.00 Mn |
| Sep 30, 2021 | 475.00 Mn |
API Access
Warner Music Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "WMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();