Warner Music (WMG) Operating Expenses (2010 - 2026)

Warner Music has disclosed Operating Expenses across 17 years of filings, most recently posting $1.5 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 11.55% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $6.3 billion (up 11.73% YoY), while the FY2025 annual figure was $6.0 billion, up 6.71% from the prior year.
• Operating Expenses slipped to $1.5 billion in Q1 2026, from $1.5 billion in the prior quarter.
• Over the last five years, Operating Expenses for WMG reached as high as $1.7 billion in Q3 2025 and fell as low as $1.2 billion in Q1 2022.
• The 5-year median for Operating Expenses is $1.4 billion (2023), against an average of $1.4 billion.
• Annual changes were most pronounced in 2022 — Operating Expenses slipped 8.07% — and 2025, when it rose 16.01%.
• A 5-year view of Operating Expenses shows it stood at $1.3 billion in 2022, then advanced by 11.63% to $1.4 billion in 2023, then grew by 2.91% to $1.5 billion in 2024, then rose by 6.54% to $1.5 billion in 2025, then decreased by 5.11% to $1.5 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $1.5 billion, $1.5 billion, and $1.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.