Warner Music (WMG) Free Cash Flow (2010 - 2026)
Warner Music (WMG) reported Free Cash Flow of $99.0 million for Q1 2026, up 200.0% year-over-year from $33.0 million in Q1 2025, and down 76.43% on a QoQ basis from $420.0 million in Q4 2025.
Warner Music (WMG) has 17 years of Free Cash Flow data on file, last reported at $99.0 million in Q1 2026.
- Quarterly Free Cash Flow rose 200.0% year-over-year to $99.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $729.0 million (down 4.08% YoY) and the FY2025 annual result came in at $539.0 million, down 15.52% from the prior year.
- Free Cash Flow slipped to $99.0 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 -$57.0 million in Q1 2024.
- The 5-year median for Free Cash Flow is $160.0 million (2024), against an average of $162.8 million.
- The widest annual swing landed in 2023, when Free Cash Flow tumbled 356.25%; it then surged 200.0% in 2026.
- Tracing WMG's Free Cash Flow over 5 years: stood at $188.0 million in 2022, then jumped by 40.43% to $264.0 million in 2023, then gained by 12.12% to $296.0 million in 2024, then jumped by 41.89% to $420.0 million in 2025, then tumbled by 76.43% to $99.0 million in 2026.
- Per Business Quant, the three latest WMG Free Cash Flow figures stand at $99.0 million (Q1 2026), $420.0 million (Q4 2025), and $203.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 5.09 Bn |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 4.94 Bn |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -476.00 Mn |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 2.03 Bn |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 1.77 Bn |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 337.00 Mn |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 198.76 Mn |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 399.00 Mn |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 674.56 Mn |
| 10 | Warner Music | 4.58 Bn | 3.94 Bn | 802.00 Mn | 99.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 99.00 Mn |
| Mar 31, 2026 | 99.00 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 | 33.00 Mn |
| Mar 31, 2025 | 33.00 Mn |
| Dec 31, 2024 | 296.00 Mn |
| Dec 31, 2024 | 296.00 Mn |
| Sep 30, 2024 | 271.00 Mn |
| Sep 30, 2024 | 271.00 Mn |
| Jun 30, 2024 | 160.00 Mn |
| Jun 30, 2024 | 160.00 Mn |
| Mar 31, 2024 | -57.00 Mn |
| Mar 31, 2024 | -57.00 Mn |
| Dec 31, 2023 | 264.00 Mn |
| Dec 31, 2023 | 264.00 Mn |
| Sep 30, 2023 | 300.00 Mn |
| Sep 30, 2023 | 300.00 Mn |
| Jun 30, 2023 | 113.00 Mn |
| Jun 30, 2023 | 113.00 Mn |
| Mar 31, 2023 | -41.00 Mn |
| Mar 31, 2023 | -41.00 Mn |
| Dec 31, 2022 | 188.00 Mn |
| Dec 31, 2022 | 188.00 Mn |
| Sep 30, 2022 | 368.00 Mn |
| Sep 30, 2022 | 368.00 Mn |
| Jun 30, 2022 | 128.00 Mn |
| Jun 30, 2022 | 128.00 Mn |
| Mar 31, 2022 | 16.00 Mn |
| Mar 31, 2022 | 16.00 Mn |
| Dec 31, 2021 | 95.00 Mn |
| Dec 31, 2021 | 95.00 Mn |
| Sep 30, 2021 | 193.00 Mn |
| Sep 30, 2021 | 193.00 Mn |
| Jun 30, 2021 | 71.00 Mn |
| Jun 30, 2021 | 71.00 Mn |
| Mar 31, 2021 | 130.00 Mn |
| Mar 31, 2021 | 130.00 Mn |
| Dec 31, 2020 | 151.00 Mn |
| Dec 31, 2020 | 151.00 Mn |
| Sep 30, 2020 | 139.00 Mn |
| Sep 30, 2020 | 139.00 Mn |
| Jun 30, 2020 | 103.00 Mn |
| Jun 30, 2020 | 103.00 Mn |
| Mar 31, 2020 | 73.00 Mn |
| Mar 31, 2020 | 73.00 Mn |
| Dec 31, 2019 | 63.00 Mn |
| Dec 31, 2019 | 63.00 Mn |
| Sep 30, 2019 | 129.00 Mn |
| Sep 30, 2019 | 129.00 Mn |
| Jun 30, 2019 | 127.00 Mn |
| Jun 30, 2019 | 127.00 Mn |
| Mar 31, 2019 | -26.00 Mn |
| Mar 31, 2019 | -26.00 Mn |
| Dec 31, 2018 | 66.00 Mn |
| Dec 31, 2018 | 66.00 Mn |
| Sep 30, 2018 | 126.00 Mn |
| Sep 30, 2018 | 126.00 Mn |
| Jun 30, 2018 | 118.00 Mn |
| Jun 30, 2018 | 118.00 Mn |
| Mar 31, 2018 | -13.00 Mn |
| Mar 31, 2018 | -13.00 Mn |
| Dec 31, 2017 | 120.00 Mn |
| Dec 31, 2017 | 120.00 Mn |
| Sep 30, 2017 | 211.00 Mn |
| Sep 30, 2017 | 211.00 Mn |
| Jun 30, 2017 | 72.00 Mn |
| Jun 30, 2017 | 72.00 Mn |
| Mar 31, 2017 | 60.00 Mn |
| Mar 31, 2017 | 60.00 Mn |
| Dec 31, 2016 | 148.00 Mn |
| Dec 31, 2016 | 148.00 Mn |
| Sep 30, 2016 | 124.00 Mn |
| Sep 30, 2016 | 124.00 Mn |
| Jun 30, 2016 | 27.00 Mn |
| Jun 30, 2016 | 27.00 Mn |
| Mar 31, 2016 | 98.00 Mn |
| Mar 31, 2016 | 98.00 Mn |
| Dec 31, 2015 | 51.00 Mn |
| Dec 31, 2015 | 51.00 Mn |
| Sep 30, 2015 | 92.00 Mn |
| Sep 30, 2015 | 92.00 Mn |
| Jun 30, 2015 | -36.00 Mn |
| Jun 30, 2015 | -36.00 Mn |
| Mar 31, 2015 | 92.00 Mn |
| Mar 31, 2015 | 92.00 Mn |
| Dec 31, 2014 | 11.00 Mn |
| Dec 31, 2014 | 11.00 Mn |
| Sep 30, 2014 | 59.00 Mn |
| Sep 30, 2014 | 59.00 Mn |
| Jun 30, 2014 | -54.00 Mn |
| Jun 30, 2014 | -54.00 Mn |
| Mar 31, 2014 | 113.00 Mn |
| Mar 31, 2014 | 113.00 Mn |
| Dec 31, 2013 | -64.00 Mn |
| Dec 31, 2013 | -64.00 Mn |
| Sep 30, 2013 | 1.00 Mn |
| Sep 30, 2013 | 1.00 Mn |
| Jun 30, 2013 | 12.00 Mn |
| Jun 30, 2013 | 12.00 Mn |
| Mar 31, 2013 | 129.00 Mn |
| Mar 31, 2013 | 129.00 Mn |
| Dec 31, 2012 | -17.00 Mn |
| Dec 31, 2012 | -17.00 Mn |
| Sep 30, 2012 | 178.00 Mn |
| Sep 30, 2012 | 178.00 Mn |
| Mar 31, 2012 | 114.00 Mn |
| Mar 31, 2012 | 114.00 Mn |
| Dec 31, 2011 | 19.00 Mn |
| Dec 31, 2011 | 19.00 Mn |
| Dec 31, 2010 | -121.00 Mn |
| Dec 31, 2010 | -121.00 Mn |
| Sep 30, 2010 | 29.00 Mn |
| Sep 30, 2010 | 29.00 Mn |