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.

• On a quarterly basis, Gross Margin fell 39.0% year-over-year to 46.3% in Q1 2026; TTM through Mar 2026 was 45.8%, a 101.0% decrease from a year earlier, with the FY2025 full-year figure at 45.85%, down 194.0% from the prior year.
• Gross Margin for Q1 2026 stood at 46.3%, roughly flat from 46.36% in the prior quarter.
• Over the last five years, Gross Margin for WMG reached as high as 49.66% in Q4 2023 and fell as low as 44.65% in Q3 2025.
• Historically, Gross Margin has averaged 47.02% across 5 years, with a median of 46.63% in 2022.
• Across the five-year window, Gross Margin surged 128 bps in 2022 and sank 332 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 48.86% in 2022, then increased by 2 bps to 49.66% in 2023, then fell by 7 bps to 46.34% in 2024, then grew by 0 bps to 46.36% in 2025, then dropped by 0 bps to 46.3% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 46.3% in Q1 2026, 46.36% in Q4 2025, and 44.65% in Q3 2025.