Warner Music (WMG) Net Margin (2010 - 2026)
Warner Music (WMG) reported Net Margin of 10.94% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 11.89 percentage points from -0.95% a year earlier and up 0.38 percentage points from the prior quarter.
Warner Music (WMG) Net Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Warner Music's Net Margin came in at 9.20%, up 4.61 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 5.44%, down 1.33 percentage points from FY2024.
- Net Margin has declined for three consecutive fiscal years, though with a five-year change of +16.09 percentage points (FY2020 to FY2025).
- By fiscal year, Net Margin came in at 6.77% in FY2024 (-0.35 pp), 7.12% in FY2023 (-2.19 pp), 9.31% in FY2022 (+3.57 pp) and 5.73% in FY2021 (+16.38 pp).
- The fiscal Q3 2026 figure ranks as the highest quarterly Net Margin since fiscal Q1 2025.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of +0.36 percentage points.
- The high point for year-over-year Net Margin in five years was fiscal Q3 2026 (a gain of 11.89 percentage points); the low point was fiscal Q3 2025 (a drop of 9.89 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 10.57% (Q2 2026), 9.57% (Q1 2026) and 5.84% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn | 10.45% |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn | 10.94% |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - | -3.71% |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn | -21.30% |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn | -0.22% |
| 6 | Kartoon Studios | 35.46 Mn | 18.33 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 2.46 Mn | -16.15 Mn | - | - |
| 9 | AI Era | 696,201.70 | 45,968.70 | - | -288.25% |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 12.33% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.94% |
| Mar 31, 2026 | 10.57% |
| Dec 31, 2025 | 9.57% |
| Sep 30, 2025 | 5.84% |
| Jun 30, 2025 | -0.95% |
| Mar 31, 2025 | 2.43% |
| Dec 31, 2024 | 14.17% |
| Sep 30, 2024 | 2.52% |
| Jun 30, 2024 | 8.94% |
| Mar 31, 2024 | 6.43% |
| Dec 31, 2023 | 9.10% |
| Sep 30, 2023 | 9.58% |
| Jun 30, 2023 | 7.80% |
| Mar 31, 2023 | 2.43% |
| Dec 31, 2022 | 8.20% |
| Sep 30, 2022 | 9.89% |
| Jun 30, 2022 | 8.66% |
| Mar 31, 2022 | 6.69% |
| Dec 31, 2021 | 11.59% |
| Sep 30, 2021 | 2.03% |
Warner Music Net Margin 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=net-margin&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();