Warner Music (WMG) Invested Capital (2010 - 2026)
Warner Music (WMG) reported Invested Capital of $5.66 billion for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 16.2% from $4.87 billion a year earlier and up 1.9% from the prior quarter.
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Analysis
Warner Music (WMG) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Warner Music posted Invested Capital of $5.12 billion, up 9.2% from FY2024.
- Invested Capital has increased for seven consecutive fiscal years, with a five-year compound annual growth rate of 10.9% (FY2020 to FY2025).
- By fiscal year, Invested Capital came in at $4.69 billion in FY2024 (+6.7%), $4.39 billion in FY2023 (+12.7%), $3.9 billion in FY2022 (+15.0%) and $3.39 billion in FY2021 (+10.9%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Invested Capital in data going back to fiscal Q4 2010.
- Year over year, Invested Capital has now increased in each of the last 25 quarters, with growth averaging 8.9% over the last eight quarters.
- Over the past five years, the year-over-year growth in Invested Capital ranged from 0.7% (fiscal Q1 2025) to 17.5% (fiscal Q1 2022).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $5.56 billion (Q2 2026), $5.2 billion (Q1 2026) and $5.12 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 205.02 Bn | 182.78 Bn | 11.57 Bn | 162.88 Bn |
| 2 | Warner Music | 11.82 Bn | 9.18 Bn | 854.00 Mn | 5.66 Bn |
| 3 | Lionsgate Studios | 4.18 Bn | 2.87 Bn | - | 612.60 Mn |
| 4 | Reservoir Media | 690.64 Mn | 605.68 Mn | 32.16 Mn | 842.31 Mn |
| 5 | Angel Studios | 663.25 Mn | 468.93 Mn | 59.96 Mn | 45.03 Mn |
| 6 | Kartoon Studios | 33.16 Mn | 16.03 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | -378,068.00 |
| 8 | Nexus Advanced Technologies | 1.01 Mn | -16.65 Mn | - | 36.56 Mn |
| 9 | AI Era | 54,593.42 | -595,639.58 | - | 3.06 Mn |
| 10 | Sony | 161.02 Bn | 95.56 Bn | 7.96 Bn | 66.40 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.66 Bn |
| Mar 31, 2026 | 5.56 Bn |
| Dec 31, 2025 | 5.20 Bn |
| Sep 30, 2025 | 5.12 Bn |
| Jun 30, 2025 | 4.87 Bn |
| Mar 31, 2025 | 4.78 Bn |
| Dec 31, 2024 | 4.65 Bn |
| Sep 30, 2024 | 4.69 Bn |
| Jun 30, 2024 | 4.61 Bn |
| Mar 31, 2024 | 4.57 Bn |
| Dec 31, 2023 | 4.62 Bn |
| Sep 30, 2023 | 4.39 Bn |
| Jun 30, 2023 | 4.29 Bn |
| Mar 31, 2023 | 4.25 Bn |
| Dec 31, 2022 | 4.23 Bn |
| Sep 30, 2022 | 3.90 Bn |
| Jun 30, 2022 | 3.96 Bn |
| Mar 31, 2022 | 4.00 Bn |
| Dec 31, 2021 | 4.02 Bn |
| Sep 30, 2021 | 3.39 Bn |
API Access
Warner Music Invested Capital 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=invested-capital&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();