Warner Music (WMG) Net Margin (2010 - 2026)
Warner Music's (WMG) quarterly Net Margin came in at 10.73% in Q2 2026, up 1168.0% year-over-year from 0.85% in Q2 2025, and up 2.67% quarter-over-quarter from 10.45% in Q1 2026.
Analysis
Warner Music (WMG) Net Margin (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Net Margin for 17 consecutive years, with 10.73% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 1168.0% year-over-year to 10.73% in Q2 2026; TTM through Jun 2026 was 9.1%, a 433.0% increase from a year earlier, with the FY2025 full-year figure at 5.52%, down 192.0% from the prior year.
- Net Margin was 10.73% for Q2 2026 at Warner Music, up from 10.45% in the prior quarter.
- Over five years, Net Margin peaked at 14.47% in Q4 2024 and troughed at 0.95% in Q2 2025.
- A 5-year average of 7.56% and a median of 8.53% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin plunged 1002 bps in 2025 and surged 1168 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 8.33% in 2022, then soared by 32 bps to 11.04% in 2023, then jumped by 31 bps to 14.47% in 2024, then sank by 34 bps to 9.51% in 2025, then gained by 13 bps to 10.73% in 2026.
- The last three Net Margin figures came in at 10.73% (Q2 2026), 10.45% (Q1 2026), and 9.51% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Music | 15.06 Bn | 14.57 Bn | 854.00 Mn | 10.73% |
| 2 | Reservoir Media | 642.17 Mn | 628.93 Mn | 26.69 Mn | -1.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.73% |
| Mar 31, 2026 | 10.45% |
| Dec 31, 2025 | 9.51% |
| Sep 30, 2025 | 5.84% |
| Jun 30, 2025 | -0.95% |
| Mar 31, 2025 | 2.43% |
| Dec 31, 2024 | 14.47% |
| Sep 30, 2024 | 2.94% |
| Jun 30, 2024 | 9.07% |
| Mar 31, 2024 | 6.43% |
| Dec 31, 2023 | 11.04% |
| Sep 30, 2023 | 9.71% |
| Jun 30, 2023 | 7.93% |
| Mar 31, 2023 | 2.64% |
| Dec 31, 2022 | 8.33% |
| Sep 30, 2022 | 10.02% |
| Jun 30, 2022 | 8.73% |
| Mar 31, 2022 | 6.69% |
| Dec 31, 2021 | 11.65% |
| Sep 30, 2021 | 2.18% |