Warner Music (WMG) FCF Margin (2010 - 2026)
Warner Music (WMG) posted quarterly FCF Margin of 8.89% for Q1 2026, up 930.0% year-over-year from 0.86% in Q1 2025, and down 61.05% quarter-over-quarter from 22.83% in Q4 2025.
Warner Music (WMG) FCF Margin (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported FCF Margin for 17 consecutive years, with 8.89% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 930.0% year-over-year to 8.89%; the TTM figure through Mar 2026 stood at 11.0% (down 196.0% YoY), while the FY2025 annual figure was 8.04%, down 237.0% from the prior year.
- FCF Margin retreated to 8.89% in Q1 2026 per WMG's latest filing, from 22.83% in the prior quarter.
- Across five years, FCF Margin topped out at 24.58% in Q3 2022 and bottomed at 5.82% in Q1 2024.
- Historically, FCF Margin has averaged 10.19% across 5 years, with a median of 10.87% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin surged 1056 bps — and 2025, when it sank 1181 bps.
- Warner Music's FCF Margin stood at 13.84% in 2022, then rose by 9 bps to 15.1% in 2023, then soared by 33 bps to 20.11% in 2024, then rose by 14 bps to 22.83% in 2025, then sank by 61 bps to 8.89% in 2026.
- Business Quant data shows WMG's FCF Margin at 8.89% in Q1 2026, 22.83% in Q4 2025, and 10.87% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 12.14% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 12.17% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 6.56% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.69% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 17.24% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 35.01% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 20.15% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 11.81% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 21.22% |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 6.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.12% |
| 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% |