Warner Music (WMG) FCF Margin (2010 - 2026)
Warner Music's FCF Margin came in at 6.12% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 5.70 percentage points from 0.41% a year earlier and up 0.40 percentage points from the prior quarter.
Warner Music (WMG) FCF Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Warner Music reported FCF Margin of 11.45%, up 2.06 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 8.04%, down 1.89 percentage points from FY2024.
- FCF Margin carries a five-year change of -0.43 percentage points (FY2020 to FY2025).
- Going back by fiscal year, FCF Margin was 9.93% in FY2024 (+0.65 pp), 9.28% in FY2023 (-0.98 pp), 10.26% in FY2022 (-0.03 pp) and 10.28% in FY2021 (+1.81 pp).
- The five-year range for quarterly FCF Margin is -3.82% (fiscal Q2 2024) to 24.58% (fiscal Q4 2022).
- Year-over-year, FCF Margin has increased for three consecutive quarters, with an average year-over-year change of +0.63 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q4 2022 (a gain of 10.56 percentage points), and the weakest in fiscal Q3 2025 (a drop of 9.88 percentage points).
- Business Quant data shows WMG's FCF Margin at 5.72% (Q2 2026), 22.83% (Q1 2026) and 10.87% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.10 Bn | 166.67 Bn | 11.57 Bn | 12.17% |
| 2 | Warner Music | 14.45 Bn | 11.94 Bn | 854.00 Mn | 6.12% |
| 3 | Lionsgate Studios | 3.33 Bn | 2.29 Bn | - | 6.59% |
| 4 | Angel Studios | 856.70 Mn | 662.19 Mn | 59.96 Mn | 15.15% |
| 5 | Reservoir Media | 626.34 Mn | 538.65 Mn | 26.69 Mn | -3.60% |
| 6 | Kartoon Studios | 37.94 Mn | 20.81 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 2.25 Mn | -16.36 Mn | - | - |
| 9 | AI Era | 348,100.85 | -302,132.15 | - | -34.53% |
| 10 | Sony | 143.72 Bn | 94.11 Bn | 6.53 Bn | 6.96% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.12% |
| Mar 31, 2026 | 5.72% |
| Dec 31, 2025 | 22.83% |
| Sep 30, 2025 | 10.87% |
| Jun 30, 2025 | 0.41% |
| Mar 31, 2025 | 2.22% |
| Dec 31, 2024 | 17.77% |
| Sep 30, 2024 | 16.63% |
| Jun 30, 2024 | 10.30% |
| Mar 31, 2024 | -3.82% |
| Dec 31, 2023 | 15.10% |
| Sep 30, 2023 | 18.92% |
| Jun 30, 2023 | 7.23% |
| Mar 31, 2023 | -2.93% |
| Dec 31, 2022 | 12.63% |
| 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% |
Warner Music FCF 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=fcf-margin&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();