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

Warner Music (WMG) reported Operating Income of $264.0 million for Q1 2026, up 57.14% year-over-year from $168.0 million in Q1 2025, and down 8.33% quarter-over-quarter from $288.0 million in Q4 2025.

Warner Music (WMG) Operating Income (2010 - 2026) Analysis & Trends

Warner Music (WMG) has 17 years of Operating Income data on file, last reported at $264.0 million in Q1 2026.

  • Operating Income for Q1 2026 came in at $264.0 million, up 57.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $864.0 million (up 18.03% YoY), and the FY2025 annual result was $694.0 million, down 15.67% from the prior year.
  • Operating Income retreated to $264.0 million in Q1 2026 per WMG's latest filing, from $288.0 million in the prior quarter.
  • Over five years, Operating Income peaked at $354.0 million in Q4 2023 and troughed at $119.0 million in Q1 2024.
  • A 5-year average of $196.1 million and a median of $169.0 million in 2025 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2022 and 2024: Operating Income jumped 63.0% in 2022, then plunged 39.55% in 2024.
  • A 5-year view of Operating Income shows it stood at $265.0 million in 2022, then jumped by 33.58% to $354.0 million in 2023, then sank by 39.55% to $214.0 million in 2024, then jumped by 34.58% to $288.0 million in 2025, then declined by 8.33% to $264.0 million in 2026.
  • Business Quant data shows WMG's Operating Income at $264.0 million in Q1 2026, $288.0 million in Q4 2025, and $143.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Netflix 327.69 Bn 315.40 Bn 11.41 Bn 3.96 Bn
2 Walt Disney 184.70 Bn 191.31 Bn 23.68 Bn 2.31 Bn
3 Warner Bros. Discovery 65.23 Bn 63.09 Bn 4.25 Bn -2.47 Bn
4 Brera Holdings 53.07 Bn 53.07 Bn - -
5 Live Nation Entertainment 39.71 Bn 31.25 Bn 1.31 Bn -370.52 Mn
6 Liberty Media 21.13 Bn 21.80 Bn 298.00 Mn 64.00 Mn
7 Fox 20.41 Bn 16.92 Bn - -
8 Roku 20.39 Bn 18.01 Bn 564.94 Mn 51.77 Mn
9 News 15.92 Bn 14.45 Bn - -
10 Warner Music 4.13 Bn 3.49 Bn 802.00 Mn 264.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 264.00 Mn
Dec 31, 2025 288.00 Mn
Sep 30, 2025 143.00 Mn
Jun 30, 2025 169.00 Mn
Mar 31, 2025 168.00 Mn
Dec 31, 2024 214.00 Mn
Sep 30, 2024 143.00 Mn
Jun 30, 2024 207.00 Mn
Mar 31, 2024 119.00 Mn
Dec 31, 2023 354.00 Mn
Sep 30, 2023 212.00 Mn
Jun 30, 2023 189.00 Mn
Mar 31, 2023 124.00 Mn
Dec 31, 2022 265.00 Mn
Sep 30, 2022 163.00 Mn
Jun 30, 2022 146.00 Mn
Mar 31, 2022 166.00 Mn
Dec 31, 2021 239.00 Mn
Sep 30, 2021 100.00 Mn
Jun 30, 2021 162.00 Mn