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

Warner Music's (WMG) quarterly Operating Leases came in at $174.0 million in Q1 2026, down 19.44% year-on-year from $216.0 million in Q1 2025, and down 7.45% on a QoQ basis 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.

  • On a quarterly basis, Operating Leases fell 19.44% year-over-year to $174.0 million in Q1 2026; TTM through Mar 2026 was $174.0 million, a 19.44% decrease from a year earlier, with the FY2025 full-year figure at $200.0 million, down 26.74% from the prior year.
  • Operating Leases for Q1 2026 stood at $174.0 million, down from $188.0 million in the prior quarter.
  • Over the last five years, Operating Leases for WMG reached as high as $296.0 million in Q3 2023 and fell as low as $174.0 million in Q1 2026.
  • Historically, Operating Leases has averaged $240.6 million across 5 years, with a median of $239.0 million in 2024.
  • Across the five-year window, Operating Leases rose 6.41% in 2023 and fell 26.74% in 2025, its largest moves.
  • Year by year, Operating Leases stood at $234.0 million in 2022, then advanced by 6.41% to $249.0 million in 2023, then decreased by 10.84% to $222.0 million in 2024, then decreased by 15.32% to $188.0 million in 2025, then decreased by 7.45% to $174.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $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 286.85 Bn 277.73 Bn 6.52 Bn
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 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

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 273.00 Mn
Jun 30, 2024 232.00 Mn
Mar 31, 2024 239.00 Mn
Dec 31, 2023 249.00 Mn
Sep 30, 2023 296.00 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 287.00 Mn
Jun 30, 2021 293.00 Mn