Warner Music (WMG) FCF Margin (2010 - 2026)
Warner Music's (WMG) quarterly FCF Margin came in at 8.89% in Q1 2026, up 930.0% year-on-year from 0.86% in Q1 2025, and down 61.05% on a QoQ basis from 22.83% in Q4 2025.
Warner Music (WMG) FCF Margin (2010 - 2026) Analysis & Trends
Warner Music (WMG) has 17 years of FCF Margin data on file, last reported at 8.89% in Q1 2026.
- On a quarterly basis, FCF Margin rose 930.0% year-over-year to 8.89% in Q1 2026; TTM through Mar 2026 was 11.0%, a 196.0% decrease from a year earlier, with the FY2025 full-year figure at 8.04%, down 237.0% from the prior year.
- FCF Margin for Q1 2026 stood at 8.89%, down from 22.83% in the prior quarter.
- Over the last five years, FCF Margin for WMG reached as high as 24.58% in Q3 2022 and fell as low as 5.82% in Q1 2024.
- Historically, FCF Margin has averaged 10.19% across 5 years, with a median of 10.87% in 2025.
- Across the five-year window, FCF Margin soared 1056 bps in 2022 and tumbled 1181 bps in 2025, its largest moves.
- Year by year, FCF Margin stood at 13.84% in 2022, then advanced by 9 bps to 15.1% in 2023, then surged by 33 bps to 20.11% in 2024, then advanced by 14 bps to 22.83% in 2025, then sank by 61 bps to 8.89% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 8.89% in Q1 2026, 22.83% in Q4 2025, and 10.87% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 12.14% |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | 19.63% |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | -5.35% |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | 53.52% |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 10.97% |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 16.32% |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 42.24% |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | 44.24% |
| 9 | News | 16.48 Bn | 15.01 Bn | - | 18.26% |
| 10 | Warner Music | 73.15 Mn | -534.85 Mn | 802.00 Mn | 8.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.89% |
| Dec 31, 2025 | 22.83% |
| Sep 30, 2025 | 10.87% |
| Jun 30, 2025 | 0.41% |
| Mar 31, 2025 | -0.40% |
| Dec 31, 2024 | 20.11% |
| Sep 30, 2024 | 18.53% |
| Jun 30, 2024 | 12.23% |
| Mar 31, 2024 | -5.82% |
| Dec 31, 2023 | 15.10% |
| Sep 30, 2023 | 18.92% |
| Jun 30, 2023 | 7.23% |
| Mar 31, 2023 | -4.22% |
| Dec 31, 2022 | 13.84% |
| Sep 30, 2022 | 24.58% |
| Jun 30, 2022 | 8.94% |
| Mar 31, 2022 | 1.16% |
| Dec 31, 2021 | 5.89% |
| Sep 30, 2021 | 14.03% |
| Jun 30, 2021 | 5.30% |