Warner Music (WMG) EBT Margin (2010 - 2026)
Warner Music's EBT Margin was 14.32% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 14.98 percentage points from -0.65% a year earlier but down 0.34 percentage points from the prior quarter.
Warner Music (WMG) EBT Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Warner Music's EBT Margin was 11.95% through Jun 30, 2026, up 5.23 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 7.31%, down 2.05 percentage points from FY2024.
- EBT Margin has now declined for three consecutive fiscal years, though with a five-year change of +17.32 percentage points (FY2020 to FY2025).
- In earlier fiscal years, EBT Margin was 9.35% in FY2024 (-0.74 pp), 10.09% in FY2023 (-2.41 pp), 12.50% in FY2022 (+3.90 pp) and 8.60% in FY2021 (+18.62 pp).
- Quarterly EBT Margin has moved between -0.65% (fiscal Q3 2025) and 19.81% (fiscal Q1 2025) over five years.
- Compared with a year earlier, EBT Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.11 percentage points.
- The best year-over-year quarter for EBT Margin over five years was fiscal Q3 2026 (a gain of 14.98 percentage points); the worst was fiscal Q3 2025 (a drop of 11.66 percentage points).
- Per Business Quant data, WMG's EBT Margin in the three fiscal quarters before Q3 2026 was 14.67% (Q2 2026), 13.37% (Q1 2026) and 5.67% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn | 14.44% |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn | 14.32% |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - | -2.77% |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn | -21.30% |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn | -1.80% |
| 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 | - | -288.25% |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 16.83% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.32% |
| Mar 31, 2026 | 14.67% |
| Dec 31, 2025 | 13.37% |
| Sep 30, 2025 | 5.67% |
| Jun 30, 2025 | -0.65% |
| Mar 31, 2025 | 4.38% |
| Dec 31, 2024 | 19.81% |
| Sep 30, 2024 | 3.13% |
| Jun 30, 2024 | 11.00% |
| Mar 31, 2024 | 7.63% |
| Dec 31, 2023 | 15.16% |
| Sep 30, 2023 | 13.37% |
| Jun 30, 2023 | 10.68% |
| Mar 31, 2023 | 4.15% |
| Dec 31, 2022 | 11.56% |
| Sep 30, 2022 | 12.49% |
| Jun 30, 2022 | 11.45% |
| Mar 31, 2022 | 9.16% |
| Dec 31, 2021 | 16.29% |
| Sep 30, 2021 | 3.78% |
Warner Music EBT 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=ebt-margin&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();