Warner Music (WMG) EBITDA Margin (2010 - 2026)
Warner Music's (WMG) quarterly EBITDA Margin came in at 15.24% in Q1 2026, up 392.0% year-on-year from 3.1% in Q1 2025, and down 2.62% on a QoQ basis from 15.65% in Q4 2025.
Warner Music (WMG) EBITDA Margin (2010 - 2026) Analysis & Trends
Warner Music (WMG) has 17 years of EBITDA Margin data on file, last reported at 15.24% in Q1 2026.
- On a quarterly basis, EBITDA Margin rose 392.0% year-over-year to 15.24% in Q1 2026; TTM through Mar 2026 was 12.12%, a 56.0% increase from a year earlier, with the FY2025 full-year figure at 10.35%, down 246.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 15.24%, down from 15.65% in the prior quarter.
- Over the last five years, EBITDA Margin for WMG reached as high as 20.25% in Q4 2023 and fell as low as 7.66% in Q3 2025.
- Historically, EBITDA Margin has averaged 12.25% across 5 years, with a median of 12.06% in 2022.
- Across the five-year window, EBITDA Margin sank 741 bps in 2024 and soared 392 bps in 2026, its largest moves.
- Year by year, EBITDA Margin stood at 17.81% in 2022, then gained by 14 bps to 20.25% in 2023, then tumbled by 37 bps to 12.85% in 2024, then rose by 22 bps to 15.65% in 2025, then fell by 3 bps to 15.24% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 15.24% in Q1 2026, 15.65% in Q4 2025, and 7.66% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 33.38% |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | -42.23% |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | -27.76% |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | -9.77% |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 9.00% |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 4.15% |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 21.20% |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | 8.14% |
| 9 | News | 16.48 Bn | 15.01 Bn | - | 9.79% |
| 10 | Warner Music | 73.15 Mn | -534.85 Mn | 802.00 Mn | 15.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.24% |
| Dec 31, 2025 | 15.65% |
| Sep 30, 2025 | 7.66% |
| Jun 30, 2025 | 10.01% |
| Mar 31, 2025 | 11.32% |
| Dec 31, 2024 | 12.85% |
| Sep 30, 2024 | 8.77% |
| Jun 30, 2024 | 13.32% |
| Mar 31, 2024 | 7.97% |
| Dec 31, 2023 | 20.25% |
| Sep 30, 2023 | 13.37% |
| Jun 30, 2023 | 12.08% |
| Mar 31, 2023 | 8.86% |
| Dec 31, 2022 | 17.81% |
| Sep 30, 2022 | 10.89% |
| Jun 30, 2022 | 10.20% |
| Mar 31, 2022 | 12.06% |
| Dec 31, 2021 | 14.81% |
| Sep 30, 2021 | 7.27% |
| Jun 30, 2021 | 12.09% |