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| Date | Value |
|---|---|
| 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 |