Warner Music (WMG) Operating Leases (2019 - 2026)
Warner Music (WMG) posted Operating Leases of $165 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 22.2% from $212 million a year earlier and down 5.2% from the prior quarter.
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Analysis
Warner Music (WMG) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Warner Music's Operating Leases came in at $200 million, down 12.3% from FY2024.
- Annual Operating Leases shows a five-year compound annual growth rate of -7.7% (FY2020 to FY2025).
- In prior fiscal years, Warner Music's Operating Leases was $228 million in FY2024 (-10.6%), $255 million in FY2023 (+5.8%), $241 million in FY2022 (-16.0%) and $287 million in FY2021 (-4.0%).
- The fiscal Q3 2026 figure stands as the lowest quarterly Operating Leases in data going back to fiscal Q1 2020.
- On a year-over-year basis, Operating Leases has declined in each of the last ten quarters, with an average decline of 13.6% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was fiscal Q1 2024, with growth of 6.4%; the weakest was fiscal Q3 2026, with a decline of 22.2%.
- According to Business Quant data, Operating Leases for the three prior fiscal quarters was $174 million (Q2 2026), $188 million (Q1 2026) and $200 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Walt Disney | 194.08 Bn | 171.84 Bn | 11.57 Bn |
| 2 | Warner Music | 11.78 Bn | 9.13 Bn | 854.00 Mn |
| 3 | Lionsgate Studios | 3.58 Bn | 2.43 Bn | - |
| 4 | Angel Studios | 637.46 Mn | 443.13 Mn | 59.96 Mn |
| 5 | Reservoir Media | 625.97 Mn | 537.85 Mn | 26.69 Mn |
| 6 | Kartoon Studios | 35.19 Mn | 18.06 Mn | - |
| 7 | American Picture House | 6.83 Mn | 6.83 Mn | - |
| 8 | Nexus Advanced Technologies | 871,287.50 | -16.79 Mn | - |
| 9 | AI Era | 117,921.79 | -532,311.21 | - |
| 10 | Sony | 150.21 Bn | 87.47 Bn | 6.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 165.00 Mn |
| 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 | 241.00 Mn |
| Jun 30, 2022 | 255.00 Mn |
| Mar 31, 2022 | 269.00 Mn |
| Dec 31, 2021 | 275.00 Mn |
| Sep 30, 2021 | 287.00 Mn |
API Access
Warner Music Operating Leases 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-leases&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();