Warner Music (WMG) Net Margin (2010 - 2026)
Warner Music (WMG) posted quarterly Net Margin of 10.45% for Q1 2026, up 802.0% year-over-year from 1.16% in Q1 2025, and up 9.88% quarter-over-quarter from 9.51% in Q4 2025.
Warner Music (WMG) Net Margin (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Net Margin for 17 consecutive years, with 10.45% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 802.0% year-over-year to 10.45%; the TTM figure through Mar 2026 stood at 6.3% (down 106.0% YoY), while the FY2025 annual figure was 5.52%, down 192.0% from the prior year.
- Net Margin grew to 10.45% in Q1 2026 per WMG's latest filing, from 9.51% in the prior quarter.
- Across five years, Net Margin topped out at 14.47% in Q4 2024 and bottomed at 0.95% in Q2 2025.
- Historically, Net Margin has averaged 7.37% across 5 years, with a median of 8.33% in 2022.
- Annual changes were most pronounced in 2025 — Net Margin tumbled 1002 bps — and 2026, when it surged 802 bps.
- Warner Music's Net Margin stood at 8.33% in 2022, then surged by 32 bps to 11.04% in 2023, then soared by 31 bps to 14.47% in 2024, then sank by 34 bps to 9.51% in 2025, then increased by 10 bps to 10.45% in 2026.
- Business Quant data shows WMG's Net Margin at 10.45% in Q1 2026, 9.51% in Q4 2025, and 5.84% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 27.08% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 11.26% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 1.86% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 3.23% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 16.41% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 0.86% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 12.12% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 19.93% |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 10.73% |
Historic Data
Download 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% |