Warner Music (WMG) Operating Income (2010 - 2026)
Warner Music's (WMG) quarterly Operating Income came in at $264.0 million in Q1 2026, up 57.14% year-on-year from $168.0 million in Q1 2025, and down 8.33% on a QoQ basis 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.
- On a quarterly basis, Operating Income rose 57.14% year-over-year to $264.0 million in Q1 2026; TTM through Mar 2026 was $864.0 million, a 18.03% increase from a year earlier, with the FY2025 full-year figure at $694.0 million, down 15.67% from the prior year.
- Operating Income for Q1 2026 stood at $264.0 million, down from $288.0 million in the prior quarter.
- Over the last five years, Operating Income for WMG reached as high as $354.0 million in Q4 2023 and fell as low as $119.0 million in Q1 2024.
- Historically, Operating Income has averaged $196.1 million across 5 years, with a median of $169.0 million in 2025.
- Across the five-year window, Operating Income surged 63.0% in 2022 and slumped 39.55% in 2024, its largest moves.
- Year by year, Operating Income stood at $265.0 million in 2022, then jumped by 33.58% to $354.0 million in 2023, then slumped by 39.55% to $214.0 million in 2024, then jumped by 34.58% to $288.0 million in 2025, then decreased by 8.33% to $264.0 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $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 | 286.85 Bn | 277.73 Bn | 6.52 Bn | 4.19 Bn |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | -10.63 Bn |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | -2.47 Bn |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | -370.52 Mn |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 64.00 Mn |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 51.77 Mn |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 338.48 Mn |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | - |
| 9 | News | 16.48 Bn | 15.01 Bn | - | - |
| 10 | Warner Music | 73.15 Mn | -534.85 Mn | 802.00 Mn | 264.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |