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

Warner Music (WMG) has reported Operating Expenses for 17 consecutive years, with $1.6 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 2.57% year-over-year to $1.6 billion in Q2 2026; TTM through Jun 2026 was $6.3 billion, a 9.07% increase from a year earlier, with the FY2025 full-year figure at $6.0 billion, up 6.71% from the prior year.
• Operating Expenses was $1.6 billion for Q2 2026 at Warner Music, up from $1.5 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $1.7 billion in Q3 2025 and troughed at $1.2 billion in Q1 2022.
• A 5-year average of $1.4 billion and a median of $1.4 billion in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses decreased 8.07% in 2022 and increased 16.01% in 2025, its largest moves.
• Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then gained by 11.63% to $1.4 billion in 2023, then climbed by 2.91% to $1.5 billion in 2024, then increased by 6.54% to $1.5 billion in 2025, then climbed by 0.78% to $1.6 billion in 2026.
• The last three Operating Expenses figures came in at $1.6 billion (Q2 2026), $1.5 billion (Q1 2026), and $1.5 billion (Q4 2025), per Business Quant data.