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Warner Music (WMG) Operating Expenses (2016 - 2026)

Warner Music has reported Operating Expenses over the past 16 years, most recently at $1.5 billion for Q4 2025.

  • Quarterly Operating Expenses rose 6.54% to $1.5 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $6.1 billion through Dec 2025, up 7.61% year-over-year, with the annual reading at $6.0 billion for FY2025, 6.71% up from the prior year.
  • Operating Expenses was $1.5 billion for Q4 2025 at Warner Music, down from $1.7 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.7 billion in Q3 2025 and troughed at $1.1 billion in Q1 2021.
  • The 5-year median for Operating Expenses is $1.4 billion (2023), against an average of $1.4 billion.
  • The largest YoY upside for Operating Expenses was 22.93% in 2021 against a maximum downside of 18.36% in 2021.
  • A 5-year view of Operating Expenses shows it stood at $1.4 billion in 2021, then dropped by 8.07% to $1.3 billion in 2022, then increased 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.
  • Per Business Quant, the three most recent readings for WMG's Operating Expenses are $1.5 billion (Q4 2025), $1.7 billion (Q3 2025), and $1.5 billion (Q2 2025).