Growth Metrics

Warner Music (WMG) Operating Leases (2019 - 2025)

Warner Music (WMG) has disclosed Operating Leases for 6 consecutive years, with $188.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Leases fell 15.32% to $188.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $188.0 million, a 15.32% decrease, with the full-year FY2025 number at $200.0 million, down 12.28% from a year prior.
  • Operating Leases was $188.0 million for Q4 2025 at Warner Music, down from $200.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $318.0 million in Q4 2021 to a low of $188.0 million in Q4 2025.
  • A 5-year average of $240.4 million and a median of $239.0 million in 2024 define the central range for Operating Leases.
  • Peak YoY movement for Operating Leases: increased 6.71% in 2021, then decreased 26.42% in 2022.
  • Warner Music's Operating Leases stood at $318.0 million in 2021, then fell by 26.42% to $234.0 million in 2022, then rose by 6.41% to $249.0 million in 2023, then fell by 10.84% to $222.0 million in 2024, then fell by 15.32% to $188.0 million in 2025.
  • Per Business Quant, the three most recent readings for WMG's Operating Leases are $188.0 million (Q4 2025), $200.0 million (Q3 2025), and $212.0 million (Q2 2025).