Warner Music (WMG) Operating Leases (2019 - 2026)

Warner Music (WMG) reported Operating Leases of $174.0 million for Q1 2026, down 19.44% year-over-year from $216.0 million in Q1 2025, and down 7.45% quarter-over-quarter from $188.0 million in Q4 2025.

Warner Music (WMG) Operating Leases (2019 - 2026) Analysis & Trends

Warner Music (WMG) has 8 years of Operating Leases data on file, last reported at $174.0 million in Q1 2026.

  • Operating Leases for Q1 2026 came in at $174.0 million, down 19.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $174.0 million (down 19.44% YoY), and the FY2025 annual result was $200.0 million, down 12.28% from the prior year.
  • Operating Leases fell to $174.0 million in Q1 2026 per WMG's latest filing, from $188.0 million in the prior quarter.
  • Over five years, Operating Leases peaked at $294.0 million in Q2 2022 and troughed at $174.0 million in Q1 2026.
  • A 5-year average of $235.5 million and a median of $234.0 million in 2022 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2022 and 2023: Operating Leases declined 26.42% in 2022, then advanced 6.41% in 2023.
  • A 5-year view of Operating Leases shows it stood at $234.0 million in 2022, then increased by 6.41% to $249.0 million in 2023, then declined by 10.84% to $222.0 million in 2024, then declined by 15.32% to $188.0 million in 2025, then declined by 7.45% to $174.0 million in 2026.
  • Business Quant data shows WMG's Operating Leases at $174.0 million in Q1 2026, $188.0 million in Q4 2025, and $200.0 million in Q3 2025.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 174.00 Mn
Dec 31, 2025 188.00 Mn
Sep 30, 2025 200.00 Mn
Jun 30, 2025 212.00 Mn
Mar 31, 2025 216.00 Mn
Dec 31, 2024 222.00 Mn
Sep 30, 2024 228.00 Mn
Jun 30, 2024 232.00 Mn
Mar 31, 2024 239.00 Mn
Dec 31, 2023 249.00 Mn
Sep 30, 2023 255.00 Mn
Jun 30, 2023 264.00 Mn
Mar 31, 2023 247.00 Mn
Dec 31, 2022 234.00 Mn
Sep 30, 2022 281.00 Mn
Jun 30, 2022 294.00 Mn
Mar 31, 2022 269.00 Mn
Dec 31, 2021 318.00 Mn
Sep 30, 2021 330.00 Mn
Jun 30, 2021 293.00 Mn