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
DateValue
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%