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Warner Music (WMG) Operating Expenses (2016 - 2025)

Warner Music (WMG) has disclosed Operating Expenses for 16 consecutive years, with $1.5 billion as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 6.54% to $1.5 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $6.1 billion, a 7.61% increase, with the full-year FY2025 number at $6.0 billion, up 6.71% from a year prior.
  • Operating Expenses was $1.5 billion for Q4 2025 at Warner Music, down from $1.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.7 billion in Q3 2025 to a low of $1.1 billion in Q1 2021.
  • A 5-year average of $1.4 billion and a median of $1.4 billion in 2023 define the central range for Operating Expenses.
  • Biggest YoY gain for Operating Expenses was 22.93% in 2021; the steepest drop was 18.36% in 2021.
  • Warner Music's Operating Expenses stood at $1.4 billion in 2021, then decreased by 8.07% to $1.3 billion in 2022, then rose by 11.63% to $1.4 billion in 2023, then increased by 2.91% to $1.5 billion in 2024, then grew 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).