Warner Music (WMG) Common Equity (2010 - 2026)
Warner Music (WMG) posted quarterly Common Equity of $738.0 million for Q1 2026, down 6.58% year-over-year from $790.0 million in Q1 2025, and down 10.44% quarter-over-quarter from $824.0 million in Q4 2025.
Warner Music (WMG) Common Equity (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Common Equity for 17 consecutive years, with $738.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Common Equity fell 6.58% year-over-year to $738.0 million; the TTM figure through Mar 2026 stood at $738.0 million (down 6.58% YoY), while the FY2025 annual figure was $757.0 million, up 12.15% from the prior year.
- Common Equity retreated to $738.0 million in Q1 2026 per WMG's latest filing, from $824.0 million in the prior quarter.
- Across five years, Common Equity topped out at $824.0 million in Q4 2025 and bottomed at $168.0 million in Q3 2022.
- Historically, Common Equity has averaged $524.6 million across 5 years, with a median of $616.0 million in 2023.
- Annual changes were most pronounced in 2022 — Common Equity surged 265.22% — and 2026, when it fell 6.58%.
- Warner Music's Common Equity stood at $282.0 million in 2022, then soared by 118.44% to $616.0 million in 2023, then increased by 13.15% to $697.0 million in 2024, then gained by 18.22% to $824.0 million in 2025, then declined by 10.44% to $738.0 million in 2026.
- Business Quant data shows WMG's Common Equity at $738.0 million in Q1 2026, $824.0 million in Q4 2025, and $757.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 30.15 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 116.84 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 34.00 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 755.56 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 11.73 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 7.62 Bn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 2.82 Bn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 9.24 Bn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 8.33 Bn |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 953.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 953.00 Mn |
| Mar 31, 2026 | 738.00 Mn |
| Dec 31, 2025 | 824.00 Mn |
| Sep 30, 2025 | 757.00 Mn |
| Jun 30, 2025 | 812.00 Mn |
| Mar 31, 2025 | 790.00 Mn |
| Dec 31, 2024 | 697.00 Mn |
| Sep 30, 2024 | 675.00 Mn |
| Jun 30, 2024 | 635.00 Mn |
| Mar 31, 2024 | 585.00 Mn |
| Dec 31, 2023 | 616.00 Mn |
| Sep 30, 2023 | 430.00 Mn |
| Jun 30, 2023 | 299.00 Mn |
| Mar 31, 2023 | 266.00 Mn |
| Dec 31, 2022 | 282.00 Mn |
| Sep 30, 2022 | 168.00 Mn |
| Jun 30, 2022 | 172.00 Mn |
| Mar 31, 2022 | 173.00 Mn |
| Dec 31, 2021 | 172.00 Mn |
| Sep 30, 2021 | 46.00 Mn |