Warner Music (WMG) Gross Margin (2010 - 2026)
Warner Music (WMG) reported Gross Margin of 45.82% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.13 percentage points from 45.94% a year earlier and down 0.49 percentage points from the prior quarter.
Warner Music (WMG) Gross Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Warner Music's Gross Margin came in at 45.77%, down 0.87 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 45.85%, down 1.94 percentage points from FY2024.
- Gross Margin has a five-year change of -1.88 percentage points (FY2020 to FY2025).
- By fiscal year, Gross Margin came in at 47.79% in FY2024 (+0.42 pp), 47.37% in FY2023 (-0.59 pp), 47.96% in FY2022 (-0.31 pp) and 48.27% in FY2021 (+0.55 pp).
- Five-year quarterly Gross Margin spans a low of 44.65% in fiscal Q4 2025 and a high of 49.66% in fiscal Q1 2024.
- Year over year, Gross Margin gained in two of the last eight quarters, with an average year-over-year change of -0.86 percentage points.
- The high point for year-over-year Gross Margin in five years was fiscal Q4 2022 (a gain of 1.28 percentage points); the low point was fiscal Q1 2025 (a drop of 3.32 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 46.30% (Q2 2026), 46.36% (Q1 2026) and 44.65% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn | 45.84% |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn | 45.82% |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - | - |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn | 53.67% |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn | 64.35% |
| 6 | Kartoon Studios | 35.46 Mn | 18.33 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 2.46 Mn | -16.15 Mn | - | - |
| 9 | AI Era | 696,201.70 | 45,968.70 | - | - |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 36.70% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.82% |
| Mar 31, 2026 | 46.30% |
| Dec 31, 2025 | 46.36% |
| Sep 30, 2025 | 44.65% |
| Jun 30, 2025 | 45.94% |
| Mar 31, 2025 | 46.70% |
| Dec 31, 2024 | 46.34% |
| Sep 30, 2024 | 47.61% |
| Jun 30, 2024 | 46.59% |
| Mar 31, 2024 | 47.05% |
| Dec 31, 2023 | 49.66% |
| Sep 30, 2023 | 46.72% |
| Jun 30, 2023 | 45.65% |
| Mar 31, 2023 | 48.46% |
| Dec 31, 2022 | 48.86% |
| Sep 30, 2022 | 46.63% |
| Jun 30, 2022 | 46.51% |
| Mar 31, 2022 | 49.35% |
| Dec 31, 2021 | 49.32% |
| Sep 30, 2021 | 45.35% |
Warner Music Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();