Warner Music (WMG) FCF Payout Ratio (2010 - 2026)
Warner Music (WMG) posted quarterly FCF Payout Ratio of 0.65 for Q1 2026, up 104.1% year-over-year from 0.32 in Q1 2025, and up 172.73% quarter-over-quarter from 0.24 in Q4 2025.
Warner Music (WMG) FCF Payout Ratio (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported FCF Payout Ratio for 17 consecutive years, with 0.65 the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Payout Ratio rose 104.1% year-over-year to 0.65; the TTM figure through Mar 2026 stood at 0.03 (down 95.7% YoY), while the FY2025 annual figure was 0.03, down 94.84% from the prior year.
- FCF Payout Ratio improved to 0.65 in Q1 2026 per WMG's latest filing, from 0.24 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 13.43 in Q2 2025 and bottomed at 15.83 in Q1 2025.
- Historically, FCF Payout Ratio has averaged 0.16 across 5 years, with a median of 0.28 in 2024.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio surged 3773.79% — and 2025, when it sank 1447.75%.
- Warner Music's FCF Payout Ratio stood at 0.41 in 2022, then tumbled by 96.28% to 0.02 in 2023, then soared by 1751.94% to 0.28 in 2024, then retreated by 15.15% to 0.24 in 2025, then surged by 172.73% to 0.65 in 2026.
- Business Quant data shows WMG's FCF Payout Ratio at 0.65 in Q1 2026, 0.24 in Q4 2025, and 1.32 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | - |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | - |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 0.03 |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.16 |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 0.02 |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | - |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | - |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 0.20 |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 0.46 |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 0.88 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.88 |
| Mar 31, 2026 | 0.65 |
| Dec 31, 2025 | 0.24 |
| Sep 30, 2025 | -1.32 |
| Jun 30, 2025 | 13.43 |
| Mar 31, 2025 | -15.83 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 1.18 |
| Jun 30, 2024 | 0.47 |
| Mar 31, 2024 | -1.02 |
| Dec 31, 2023 | 0.02 |
| Sep 30, 2023 | -0.80 |
| Jun 30, 2023 | 0.74 |
| Mar 31, 2023 | -1.41 |
| Dec 31, 2022 | 0.41 |
| Sep 30, 2022 | 0.23 |
| Jun 30, 2022 | 0.62 |
| Mar 31, 2022 | 4.88 |
| Dec 31, 2021 | 0.01 |
| Sep 30, 2021 | 0.40 |