Warner Music (WMG) Gross Margin (2010 - 2026)

Warner Music (WMG) has 17 years of Gross Margin data on file, last reported at 46.3% in Q1 2026.

• Gross Margin for Q1 2026 came in at 46.3%, down 39.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 45.8% (down 101.0% YoY), and the FY2025 annual result was 45.85%, down 194.0% from the prior year.
• Gross Margin held at 46.3% in Q1 2026 per WMG's latest filing, from 46.36% in the prior quarter.
• Over five years, Gross Margin peaked at 49.66% in Q4 2023 and troughed at 44.65% in Q3 2025.
• A 5-year average of 47.02% and a median of 46.63% in 2022 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2024: Gross Margin jumped 128 bps in 2022, then tumbled 332 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 48.86% in 2022, then advanced by 2 bps to 49.66% in 2023, then slipped by 7 bps to 46.34% in 2024, then gained by 0 bps to 46.36% in 2025, then retreated by 0 bps to 46.3% in 2026.
• Business Quant data shows WMG's Gross Margin at 46.3% in Q1 2026, 46.36% in Q4 2025, and 44.65% in Q3 2025.