Warner Music (WMG) Gross Profit (2010 - 2026)
Warner Music (WMG) posted quarterly Gross Profit of $802.0 million for Q1 2026, up 15.73% year-over-year from $693.0 million in Q1 2025, and down 5.98% quarter-over-quarter from $853.0 million in Q4 2025.
Warner Music (WMG) Gross Profit (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Gross Profit for 17 consecutive years, with $802.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Profit rose 15.73% year-over-year to $802.0 million; the TTM figure through Mar 2026 stood at $3.3 billion (up 10.12% YoY), while the FY2025 annual figure was $3.1 billion, changed 0.13% from the prior year.
- Gross Profit declined to $802.0 million in Q1 2026 per WMG's latest filing, from $853.0 million in the prior quarter.
- Across five years, Gross Profit topped out at $868.0 million in Q4 2023 and bottomed at $666.0 million in Q2 2022.
- Historically, Gross Profit has averaged $747.3 million across 5 years, with a median of $727.0 million in 2022.
- Annual changes were most pronounced in 2023 — Gross Profit gained 19.39% — and 2024, when it dropped 11.06%.
- Warner Music's Gross Profit stood at $727.0 million in 2022, then increased by 19.39% to $868.0 million in 2023, then declined by 11.06% to $772.0 million in 2024, then grew by 10.49% to $853.0 million in 2025, then slipped by 5.98% to $802.0 million in 2026.
- Business Quant data shows WMG's Gross Profit at $802.0 million in Q1 2026, $853.0 million in Q4 2025, and $834.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 854.00 Mn |
| Jun 30, 2026 | 854.00 Mn |
| Mar 31, 2026 | 802.00 Mn |
| Mar 31, 2026 | 802.00 Mn |
| Dec 31, 2025 | 853.00 Mn |
| Dec 31, 2025 | 853.00 Mn |
| Sep 30, 2025 | 834.00 Mn |
| Sep 30, 2025 | 834.00 Mn |
| Jun 30, 2025 | 776.00 Mn |
| Jun 30, 2025 | 776.00 Mn |
| Mar 31, 2025 | 693.00 Mn |
| Mar 31, 2025 | 693.00 Mn |
| Dec 31, 2024 | 772.00 Mn |
| Dec 31, 2024 | 772.00 Mn |
| Sep 30, 2024 | 776.00 Mn |
| Sep 30, 2024 | 776.00 Mn |
| Jun 30, 2024 | 724.00 Mn |
| Jun 30, 2024 | 724.00 Mn |
| Mar 31, 2024 | 703.00 Mn |
| Mar 31, 2024 | 703.00 Mn |