Warner Music (WMG) Common Equity (2010 - 2026)
Warner Music (WMG) reported Common Equity of $953 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 17.4% from $812 million a year earlier and up 13.6% from the prior quarter.
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Analysis
Warner Music (WMG) Common Equity (2010 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Warner Music posted Common Equity of $757 million, up 12.1% from FY2024.
- Common Equity has increased for four consecutive fiscal years.
- By fiscal year, Common Equity came in at $675 million in FY2024 (+57.0%), $430 million in FY2023 (+156.0%), $168 million in FY2022 (+265.2%) and $46 million in FY2021.
- The fiscal Q3 2026 figure ranks as the highest quarterly Common Equity since fiscal Q3 2012.
- Year over year, Common Equity has now increased in each of the last 19 quarters, with growth averaging 23.4% over the last eight quarters.
- The year-over-year growth in Common Equity has ranged between 6.2% (fiscal Q2 2026) and 421.2% (fiscal Q1 2022) over the last five years.
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $839 million (Q2 2026), $824 million (Q1 2026) and $757 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn | 116.84 Bn |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn | 953.00 Mn |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - | -1.20 Bn |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn | -29.33 Mn |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn | 378.19 Mn |
| 6 | Kartoon Studios | 35.46 Mn | 18.33 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | -476,740.00 |
| 8 | Nexus Advanced Technologies | 2.46 Mn | -16.15 Mn | - | -14,944.14 |
| 9 | AI Era | 696,201.70 | 45,968.70 | - | 2.64 Mn |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 52.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 953.00 Mn |
| Mar 31, 2026 | 839.00 Mn |
| Dec 31, 2025 | 824.00 Mn |
| Sep 30, 2025 | 757.00 Mn |
| Jun 30, 2025 | 812.00 Mn |
| Mar 31, 2025 | 790.00 Mn |
| Dec 31, 2024 | 697.00 Mn |
| Sep 30, 2024 | 675.00 Mn |
| Jun 30, 2024 | 635.00 Mn |
| Mar 31, 2024 | 585.00 Mn |
| Dec 31, 2023 | 616.00 Mn |
| Sep 30, 2023 | 430.00 Mn |
| Jun 30, 2023 | 299.00 Mn |
| Mar 31, 2023 | 266.00 Mn |
| Dec 31, 2022 | 282.00 Mn |
| Sep 30, 2022 | 168.00 Mn |
| Jun 30, 2022 | 172.00 Mn |
| Mar 31, 2022 | 173.00 Mn |
| Dec 31, 2021 | 172.00 Mn |
| Sep 30, 2021 | 46.00 Mn |
API Access
Warner Music Common Equity 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=common-equity&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();