Warner Music (WMG) Change in Inventory (2009 - 2026)
Warner Music (WMG) recorded Change in Inventory of $3 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 66.7% from $9 million a year earlier and down 57.1% from the prior quarter.
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Analysis
Warner Music (WMG) Change in Inventory (2009 - 2026) Analysis & Trends
On a TTM basis, Warner Music's Change in Inventory came in at $9 million as of Jun 30, 2026, up 125.0% year-over-year; for FY2025 (ended Sep 30, 2025), it was $11 million.
- Annual Change in Inventory has a five-year compound annual growth rate of 40.6% (FY2020 to FY2025).
- Across earlier fiscal years, Change in Inventory came in at -$30 million in FY2024, $12 million in FY2023 (-45.5%), $22 million in FY2022 (+15.8%) and $19 million in FY2021 (+850.0%).
- Quarterly Change in Inventory has ranged from -$24 million in fiscal Q1 2024 to $21 million in fiscal Q4 2021 over the past five years.
- On a year-over-year basis, Change in Inventory rose in two of the last four quarters, with growth averaging 160.4%.
- Peak year-over-year performance for Change in Inventory in the last five years was growth of 600.0% in fiscal Q2 2026, against a decline of 66.7% in fiscal Q4 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $7 million (Q2 2026), -$12 million (Q1 2026) and $11 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 205.42 Bn | 189.99 Bn | 11.57 Bn | 2.00 Mn |
| 2 | Warner Music | 16.90 Bn | 14.39 Bn | 854.00 Mn | 3.00 Mn |
| 3 | Lionsgate Studios | 4.18 Bn | 2.90 Bn | 240.40 Mn | - |
| 4 | Angel Studios | 905.05 Mn | 728.30 Mn | 100.00 Mn | - |
| 5 | Reservoir Media | 675.30 Mn | 590.68 Mn | 32.16 Mn | - |
| 6 | Kartoon Studios | 31.10 Mn | -22.52 Mn | 1.19 Mn | - |
| 7 | American Picture House | 4.55 Mn | 4.55 Mn | - | - |
| 8 | Nexus Advanced Technologies | 792,061.23 | -15.85 Mn | - | - |
| 9 | AI Era | 58,016.81 | -592,216.19 | - | - |
| 10 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | -699.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.00 Mn |
| Mar 31, 2026 | 7.00 Mn |
| Dec 31, 2025 | -12.00 Mn |
| Sep 30, 2025 | 11.00 Mn |
| Jun 30, 2025 | 9.00 Mn |
| Mar 31, 2025 | 1.00 Mn |
| Dec 31, 2024 | -10.00 Mn |
| Sep 30, 2024 | 4.00 Mn |
| Jun 30, 2024 | -4.00 Mn |
| Mar 31, 2024 | -6.00 Mn |
| Dec 31, 2023 | -24.00 Mn |
| Sep 30, 2023 | 12.00 Mn |
| Jun 30, 2023 | 2.00 Mn |
| Mar 31, 2023 | 11.00 Mn |
| Dec 31, 2022 | -13.00 Mn |
| Sep 30, 2022 | 20.00 Mn |
| Jun 30, 2022 | 3.00 Mn |
| Mar 31, 2022 | 11.00 Mn |
| Dec 31, 2021 | -12.00 Mn |
| Sep 30, 2021 | 21.00 Mn |
API Access
Warner Music Change in Inventory 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=change-in-inventory&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();