Warner Music (WMG) EBITDA Margin (2010 - 2026)
Warner Music's EBITDA Margin was 22.32% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 6.63 percentage points from 15.69% a year earlier and up 1.13 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 19.40% through Jun 30, 2026, up 3.18 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 15.95%, down 1.94 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +15.24 percentage points (FY2020 to FY2025).
- In earlier fiscal years, EBITDA Margin was 17.90% in FY2024 (-0.69 pp), 18.59% in FY2023 (+0.80 pp), 17.79% in FY2022 (+0.53 pp) and 17.26% in FY2021 (+16.54 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 +0.32 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 6.63 percentage points); the worst was fiscal Q1 2025 (a drop of 6.88 percentage points).
- Per Business Quant data, WMG's EBITDA Margin in the three fiscal quarters before Q3 2026 was 21.19% (Q2 2026), 21.03% (Q1 2026) and 13.22% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn | -29.71% |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn | 22.32% |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - | 3.86% |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn | -13.81% |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn | 33.46% |
| 6 | Kartoon Studios | 35.46 Mn | 18.33 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 2.46 Mn | -16.15 Mn | - | - |
| 9 | AI Era | 696,201.70 | 45,968.70 | - | 107.36% |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 25.63% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.32% |
| Mar 31, 2026 | 21.19% |
| Dec 31, 2025 | 21.03% |
| Sep 30, 2025 | 13.22% |
| Jun 30, 2025 | 15.69% |
| Mar 31, 2025 | 17.39% |
| Dec 31, 2024 | 18.01% |
| Sep 30, 2024 | 13.87% |
| Jun 30, 2024 | 18.47% |
| Mar 31, 2024 | 13.52% |
| Dec 31, 2023 | 24.89% |
| Sep 30, 2023 | 18.35% |
| Jun 30, 2023 | 17.58% |
| Mar 31, 2023 | 14.80% |
| Dec 31, 2022 | 23.45% |
| Sep 30, 2022 | 16.37% |
| Jun 30, 2022 | 16.27% |
| Mar 31, 2022 | 18.53% |
| Dec 31, 2021 | 19.83% |
| Sep 30, 2021 | 13.01% |
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();