Warner Music (WMG) Operating Margin (2010 - 2026)
Warner Music (WMG) reported Operating Margin of 16.36% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 6.36 percentage points from 10.01% a year earlier and up 1.12 percentage points from the prior quarter.
Warner Music (WMG) Operating Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Warner Music's Operating Margin came in at 13.69%, up 2.96 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 10.35%, down 2.46 percentage points from FY2024.
- Operating Margin has a five-year change of +15.48 percentage points (FY2020 to FY2025).
- By fiscal year, Operating Margin came in at 12.81% in FY2024 (-0.28 pp), 13.09% in FY2023 (+1.02 pp), 12.06% in FY2022 (+0.57 pp) and 11.49% in FY2021 (+16.62 pp).
- The fiscal Q3 2026 figure ranks as the highest quarterly Operating Margin since fiscal Q1 2024.
- Year over year, Operating Margin has now increased in each of the last three quarters, with an average year-over-year change of 0.00 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was fiscal Q3 2026 (a gain of 6.36 percentage points); the low point was fiscal Q1 2025 (a drop of 7.41 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 15.24% (Q2 2026), 15.65% (Q1 2026) and 7.66% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn | -35.31% |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn | 16.36% |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - | 3.30% |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn | -16.57% |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn | 12.97% |
| 6 | Kartoon Studios | 35.46 Mn | 18.33 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 2.46 Mn | -16.15 Mn | - | - |
| 9 | AI Era | 696,201.70 | 45,968.70 | - | -85.16% |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 16.79% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.36% |
| Mar 31, 2026 | 15.24% |
| Dec 31, 2025 | 15.65% |
| Sep 30, 2025 | 7.66% |
| Jun 30, 2025 | 10.01% |
| Mar 31, 2025 | 11.32% |
| Dec 31, 2024 | 12.85% |
| Sep 30, 2024 | 8.77% |
| Jun 30, 2024 | 13.32% |
| Mar 31, 2024 | 7.97% |
| Dec 31, 2023 | 20.25% |
| Sep 30, 2023 | 13.37% |
| Jun 30, 2023 | 12.08% |
| Mar 31, 2023 | 8.86% |
| Dec 31, 2022 | 17.81% |
| Sep 30, 2022 | 10.89% |
| Jun 30, 2022 | 10.20% |
| Mar 31, 2022 | 12.06% |
| Dec 31, 2021 | 14.81% |
| Sep 30, 2021 | 7.27% |
Warner Music Operating Margin 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-margin&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();