Warner Music (WMG) Other Working Capital Changes (2010 - 2026)
Warner Music's Other Working Capital Changes came in at -$123 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with -$41 million a year earlier.
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Analysis
Warner Music (WMG) Other Working Capital Changes (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Warner Music reported Other Working Capital Changes of $55 million, down 45.0% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $40 million.
- Other Working Capital Changes carries a five-year compound annual growth rate of -18.9% (FY2020 to FY2025).
- Going back by fiscal year, Other Working Capital Changes was -$133 million in FY2024, $65 million in FY2023 (-24.4%), $86 million in FY2022 (+83.0%) and $47 million in FY2021 (-58.8%).
- The fiscal Q3 2026 figure represents the lowest quarterly Other Working Capital Changes since fiscal Q2 2024.
- Business Quant data shows WMG's Other Working Capital Changes at $210 million (Q2 2026), -$44 million (Q1 2026) and $12 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Walt Disney | 193.07 Bn | 170.83 Bn | 11.57 Bn |
| 2 | Warner Music | 11.78 Bn | 9.14 Bn | 854.00 Mn |
| 3 | Lionsgate Studios | 3.70 Bn | 2.55 Bn | - |
| 4 | Angel Studios | 645.75 Mn | 451.42 Mn | 59.96 Mn |
| 5 | Reservoir Media | 624.65 Mn | 536.53 Mn | 26.69 Mn |
| 6 | Kartoon Studios | 33.08 Mn | 15.95 Mn | - |
| 7 | American Picture House | 6.83 Mn | 6.83 Mn | - |
| 8 | Nexus Advanced Technologies | 936,351.88 | -16.73 Mn | - |
| 9 | AI Era | 109,186.84 | -541,046.16 | - |
| 10 | Sony | 150.51 Bn | 87.77 Bn | 6.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.00 Mn |
| Mar 31, 2026 | -31.00 Mn |
| Dec 31, 2025 | -3.00 Mn |
| Sep 30, 2025 | 16.00 Mn |
| Jun 30, 2025 | -5.00 Mn |
| Mar 31, 2025 | -39.00 Mn |
| Dec 31, 2024 | 16.00 Mn |
| Sep 30, 2024 | 35.00 Mn |
| Jun 30, 2024 | -4.00 Mn |
| Mar 31, 2024 | -61.00 Mn |
| Dec 31, 2023 | 52.00 Mn |
| Sep 30, 2023 | -30.00 Mn |
| Jun 30, 2023 | 28.00 Mn |
| Mar 31, 2023 | -91.00 Mn |
| Dec 31, 2022 | 28.00 Mn |
| Sep 30, 2022 | 16.00 Mn |
| Jun 30, 2022 | -12.00 Mn |
| Mar 31, 2022 | -47.00 Mn |
| Dec 31, 2021 | 59.00 Mn |
| Sep 30, 2021 | -15.00 Mn |
API Access
Warner Music Other Working Capital Changes 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=other-working-capital-changes&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();