Growth Metrics

Warner Music (WMG) Gross Margin (2016 - 2026)

Warner Music has reported Gross Margin over the past 16 years, most recently at 46.36% for Q4 2025.

  • Quarterly Gross Margin rose 2.0% to 46.36% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 45.87% through Dec 2025, down 103.0% year-over-year, with the annual reading at 45.85% for FY2025, 194.0% down from the prior year.
  • Gross Margin was 46.36% for Q4 2025 at Warner Music, up from 44.65% in the prior quarter.
  • Over five years, Gross Margin peaked at 50.16% in Q1 2021 and troughed at 44.65% in Q3 2025.
  • The 5-year median for Gross Margin is 46.71% (2023), against an average of 47.35%.
  • Year-over-year, Gross Margin surged 136bps in 2021 and then crashed -332bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 49.32% in 2021, then dropped by -1bps to 48.86% in 2022, then increased by 2bps to 49.66% in 2023, then fell by -7bps to 46.34% in 2024, then grew by 0bps to 46.36% in 2025.
  • Per Business Quant, the three most recent readings for WMG's Gross Margin are 46.36% (Q4 2025), 44.65% (Q3 2025), and 45.94% (Q2 2025).