Warner Music (WMG) Operating Margin (2010 - 2026)

Warner Music (WMG) has reported Operating Margin for 17 consecutive years, with 16.36% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin rose 636.0% year-over-year to 16.36% in Q2 2026; TTM through Jun 2026 was 13.69%, a 296.0% increase from a year earlier, with the FY2025 full-year figure at 10.35%, down 246.0% from the prior year.
• Operating Margin was 16.36% for Q2 2026 at Warner Music, up from 15.24% in the prior quarter.
• Over five years, Operating Margin peaked at 20.25% in Q4 2023 and troughed at 7.66% in Q3 2025.
• A 5-year average of 12.48% and a median of 12.07% in 2022 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin plunged 741 bps in 2024 and jumped 636 bps in 2026, its largest moves.
• Over 5 years, Operating Margin stood at 17.81% in 2022, then climbed by 14 bps to 20.25% in 2023, then tumbled by 37 bps to 12.85% in 2024, then advanced by 22 bps to 15.65% in 2025, then rose by 5 bps to 16.36% in 2026.
• The last three Operating Margin figures came in at 16.36% (Q2 2026), 15.24% (Q1 2026), and 15.65% (Q4 2025), per Business Quant data.