Warner Music (WMG) Operating Income (2010 - 2026)
Warner Music (WMG) recorded Operating Income of $305 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 80.5% from $169 million a year earlier and up 15.5% from the prior quarter.
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Analysis
Warner Music (WMG) Operating Income (2010 - 2026) Analysis & Trends
On a TTM basis, Warner Music's Operating Income came in at $1 billion as of Jun 30, 2026, up 44.1% year-over-year; for FY2025 (ended Sep 30, 2025), it was $694 million, down 15.7% from FY2024.
- Across earlier fiscal years, Operating Income came in at $823 million in FY2024 (+4.2%), $790 million in FY2023 (+10.6%), $714 million in FY2022 (+17.2%) and $609 million in FY2021.
- The fiscal Q3 2026 figure is the highest quarterly Operating Income since fiscal Q1 2024.
- On a year-over-year basis, Operating Income has increased for three consecutive quarters, with growth averaging 15.4% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 80.5% in fiscal Q3 2026, against a decline of 39.5% in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $264 million (Q2 2026), $288 million (Q1 2026) and $143 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.10 Bn | 166.67 Bn | 11.57 Bn | -8.91 Bn |
| 2 | Warner Music | 14.45 Bn | 11.94 Bn | 854.00 Mn | 305.00 Mn |
| 3 | Lionsgate Studios | 3.33 Bn | 2.29 Bn | - | 25.60 Mn |
| 4 | Angel Studios | 856.70 Mn | 662.19 Mn | 59.96 Mn | -18.51 Mn |
| 5 | Reservoir Media | 626.34 Mn | 538.65 Mn | 26.69 Mn | 5.38 Mn |
| 6 | Kartoon Studios | 37.94 Mn | 20.81 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | -58,685.00 |
| 8 | Nexus Advanced Technologies | 2.25 Mn | -16.36 Mn | - | - |
| 9 | AI Era | 348,100.85 | -302,132.15 | - | -1.28 Mn |
| 10 | Sony | 143.72 Bn | 94.11 Bn | 6.53 Bn | 2.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 305.00 Mn |
| 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 |
API Access
Warner Music Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "WMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();