Warner Music (WMG) EBT Margin (2010 - 2026)
Warner Music (WMG) posted quarterly EBT Margin of 14.67% for Q1 2026, up 1029.0% year-over-year from 1.3% in Q1 2025, and up 9.69% quarter-over-quarter from 13.37% in Q4 2025.
Warner Music (WMG) EBT Margin (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported EBT Margin for 17 consecutive years, with 14.67% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin rose 1029.0% year-over-year to 14.67%; the TTM figure through Mar 2026 stood at 8.35% (down 139.0% YoY), while the FY2025 annual figure was 7.31%, down 205.0% from the prior year.
- EBT Margin grew to 14.67% in Q1 2026 per WMG's latest filing, from 13.37% in the prior quarter.
- Across five years, EBT Margin topped out at 19.81% in Q4 2024 and bottomed at 0.65% in Q2 2025.
- Historically, EBT Margin has averaged 9.82% across 5 years, with a median of 11.0% in 2024.
- Annual changes were most pronounced in 2025 — EBT Margin slumped 1166 bps — and 2026, when it surged 1029 bps.
- Warner Music's EBT Margin stood at 11.56% in 2022, then surged by 31 bps to 15.16% in 2023, then surged by 31 bps to 19.81% in 2024, then tumbled by 33 bps to 13.37% in 2025, then increased by 10 bps to 14.67% in 2026.
- Business Quant data shows WMG's EBT Margin at 14.67% in Q1 2026, 13.37% in Q4 2025, and 5.67% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 32.39% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 14.44% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | -3.11% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 6.76% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 21.87% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 3.53% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 12.50% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 11.90% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 23.37% |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 14.32% |
Historic Data
Download 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% |