Warner Music (WMG) EBITDA Margin (2010 - 2026)
Warner Music's EBITDA Margin was 22.42% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 6.68 percentage points from 15.75% a year earlier and up 1.06 percentage points from the prior quarter.
Warner Music (WMG) EBITDA Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Warner Music's EBITDA Margin was 19.52% through Jun 30, 2026, up 3.23 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 16.06%, down 1.93 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +15.23 percentage points (FY2020 to FY2025).
- In earlier fiscal years, EBITDA Margin was 17.99% in FY2024 (-0.63 pp), 18.62% in FY2023 (+0.73 pp), 17.89% in FY2022 (+0.54 pp) and 17.36% in FY2021 (+16.53 pp).
- The fiscal Q3 2026 figure marks the highest quarterly EBITDA Margin since fiscal Q1 2024.
- Compared with a year earlier, EBITDA Margin has increased for three straight quarters, with an average year-over-year change of +0.34 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was fiscal Q3 2026 (a gain of 6.68 percentage points); the worst was fiscal Q1 2025 (a drop of 6.76 percentage points).
- Per Business Quant data, WMG's EBITDA Margin in the three fiscal quarters before Q3 2026 was 21.36% (Q2 2026), 21.09% (Q1 2026) and 13.38% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 207.01 Bn | 184.77 Bn | 11.57 Bn | -29.71% |
| 2 | Warner Music | 11.93 Bn | 9.29 Bn | 854.00 Mn | 22.42% |
| 3 | Lionsgate Studios | 4.25 Bn | 2.95 Bn | - | 5.01% |
| 4 | Reservoir Media | 688.00 Mn | 603.04 Mn | 32.16 Mn | 41.37% |
| 5 | Angel Studios | 681.69 Mn | 487.37 Mn | 59.96 Mn | -13.33% |
| 6 | Kartoon Studios | 33.47 Mn | 16.34 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 965,086.92 | -16.70 Mn | - | - |
| 9 | AI Era | 54,593.42 | -595,639.58 | - | 116.36% |
| 10 | Sony | 161.53 Bn | 96.07 Bn | 7.96 Bn | 26.57% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.42% |
| Mar 31, 2026 | 21.36% |
| Dec 31, 2025 | 21.09% |
| Sep 30, 2025 | 13.38% |
| Jun 30, 2025 | 15.75% |
| Mar 31, 2025 | 17.45% |
| Dec 31, 2024 | 18.13% |
| Sep 30, 2024 | 13.93% |
| Jun 30, 2024 | 18.66% |
| Mar 31, 2024 | 13.65% |
| Dec 31, 2023 | 24.89% |
| Sep 30, 2023 | 18.35% |
| Jun 30, 2023 | 17.52% |
| Mar 31, 2023 | 14.87% |
| Dec 31, 2022 | 23.59% |
| Sep 30, 2022 | 16.50% |
| Jun 30, 2022 | 16.34% |
| Mar 31, 2022 | 18.68% |
| Dec 31, 2021 | 19.89% |
| Sep 30, 2021 | 13.15% |
Warner Music EBITDA Margin 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=ebitda-margin&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();