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

Warner Music (WMG) has reported Gross Margin for 17 consecutive years, with 45.82% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin fell 13.0% year-over-year to 45.82% in Q2 2026; TTM through Jun 2026 was 45.77%, a 87.0% decrease from a year earlier, with the FY2025 full-year figure at 45.85%, down 194.0% from the prior year.
• Gross Margin was 45.82% for Q2 2026 at Warner Music, down from 46.3% 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 46.96% and a median of 46.61% in 2022 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin soared 128 bps in 2022 and plunged 332 bps in 2024, its largest moves.
• Over 5 years, Gross Margin stood at 48.86% in 2022, then gained by 2 bps to 49.66% in 2023, then decreased by 7 bps to 46.34% in 2024, then rose by 0 bps to 46.36% in 2025, then retreated by 1 bps to 45.82% in 2026.
• The last three Gross Margin figures came in at 45.82% (Q2 2026), 46.3% (Q1 2026), and 46.36% (Q4 2025), per Business Quant data.