Warner Music (WMG) Net Margin (2010 - 2026)
Warner Music's (WMG) quarterly Net Margin came in at 10.45% in Q1 2026, up 802.0% year-on-year from 1.16% in Q1 2025, and up 9.88% on a QoQ basis from 9.51% in Q4 2025.
Warner Music (WMG) Net Margin (2010 - 2026) Analysis & Trends
Warner Music (WMG) has 17 years of Net Margin data on file, last reported at 10.45% in Q1 2026.
- On a quarterly basis, Net Margin rose 802.0% year-over-year to 10.45% in Q1 2026; TTM through Mar 2026 was 6.3%, a 106.0% decrease from a year earlier, with the FY2025 full-year figure at 5.52%, down 192.0% from the prior year.
- Net Margin for Q1 2026 stood at 10.45%, up from 9.51% in the prior quarter.
- Over the last five years, Net Margin for WMG reached as high as 14.47% in Q4 2024 and fell as low as 0.95% in Q2 2025.
- Historically, Net Margin has averaged 7.37% across 5 years, with a median of 8.33% in 2022.
- Across the five-year window, Net Margin sank 1002 bps in 2025 and soared 802 bps in 2026, its largest moves.
- Year by year, Net Margin stood at 8.33% in 2022, then jumped by 32 bps to 11.04% in 2023, then surged by 31 bps to 14.47% in 2024, then sank by 34 bps to 9.51% in 2025, then gained by 10 bps to 10.45% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 10.45% in Q1 2026, 9.51% in Q4 2025, and 5.84% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 27.08% |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | 9.79% |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | -32.68% |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | -11.35% |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 7.45% |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 6.86% |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 15.54% |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | 4.16% |
| 9 | News | 16.48 Bn | 15.01 Bn | - | - |
| 10 | Warner Music | 73.15 Mn | -534.85 Mn | 802.00 Mn | 10.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 4.55% |