Warner Music (WMG) Free Cash Flow (2010 - 2026)
Warner Music (WMG) posted quarterly Free Cash Flow of $154.0 million for Q1 2026, up 2666.67% year-over-year from $5.6 million in Q1 2025, and down 63.33% quarter-over-quarter from $420.0 million in Q4 2025.
Warner Music (WMG) Free Cash Flow (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Free Cash Flow for 17 consecutive years, with $154.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 2666.67% year-over-year to $154.0 million; the TTM figure through Mar 2026 stood at $784.0 million (down 4.51% YoY), while the FY2025 annual figure was $539.0 million, down 19.43% from the prior year.
- Free Cash Flow retreated to $154.0 million in Q1 2026 per WMG's latest filing, from $420.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $420.0 million in Q4 2025 and bottomed at -$87.0 million in Q1 2024.
- Historically, Free Cash Flow has averaged $167.9 million across 5 years, with a median of $190.0 million in 2024.
- Annual changes were most pronounced in 2023 — Free Cash Flow slumped 468.75% — and 2026, when it soared 2666.67%.
- Warner Music's Free Cash Flow stood at $206.0 million in 2022, then increased by 28.16% to $264.0 million in 2023, then grew by 26.89% to $335.0 million in 2024, then grew by 25.37% to $420.0 million in 2025, then plunged by 63.33% to $154.0 million in 2026.
- Business Quant data shows WMG's Free Cash Flow at $154.0 million in Q1 2026, $420.0 million in Q4 2025, and $203.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.53 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 3.07 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 572.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 129.75 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 726.00 Mn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 327.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 273.00 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 276.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 328.32 Mn |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 114.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 114.00 Mn |
| Jun 30, 2026 | 114.00 Mn |
| Mar 31, 2026 | 154.00 Mn |
| Mar 31, 2026 | 154.00 Mn |
| Dec 31, 2025 | 420.00 Mn |
| Dec 31, 2025 | 420.00 Mn |
| Sep 30, 2025 | 203.00 Mn |
| Sep 30, 2025 | 203.00 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Mar 31, 2025 | -6.00 Mn |
| Mar 31, 2025 | -6.00 Mn |
| Dec 31, 2024 | 335.00 Mn |
| Dec 31, 2024 | 335.00 Mn |
| Sep 30, 2024 | 302.00 Mn |
| Sep 30, 2024 | 302.00 Mn |
| Jun 30, 2024 | 190.00 Mn |
| Jun 30, 2024 | 190.00 Mn |
| Mar 31, 2024 | -87.00 Mn |
| Mar 31, 2024 | -87.00 Mn |