Warner Music (WMG) Other Working Capital Changes (2013 - 2026)
Warner Music (WMG) posted quarterly Other Working Capital Changes of $210.0 million for Q1 2026, up 438.46% year-over-year from $39.0 million in Q1 2025, and up 577.27% quarter-over-quarter from -$44.0 million in Q4 2025.
Warner Music (WMG) Other Working Capital Changes (2013 - 2026) Analysis & Trends
Warner Music (WMG) has reported Other Working Capital Changes for 17 consecutive years, with $210.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Other Working Capital Changes rose 438.46% year-over-year to $210.0 million; the TTM figure through Mar 2026 stood at $183.0 million (up 531.03% YoY), while the FY2025 annual figure was $40.0 million, up 130.08% from the prior year.
- Other Working Capital Changes improved to $210.0 million in Q1 2026 per WMG's latest filing, from -$44.0 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $2.0 million in Q4 2025 and bottomed at -$7.0 million in Q2 2025.
- Historically, Other Working Capital Changes has averaged -$1.8 million across 5 years, with a median of -$2.0 million in 2022.
- Annual changes were most pronounced in 2022 — Other Working Capital Changes jumped 5250.0% — and 2024, when it plunged 263.16%.
- Warner Music's Other Working Capital Changes stood at -$104.0 million in 2022, then surged by 32.69% to -$70.0 million in 2023, then soared by 77.14% to -$16.0 million in 2024, then sank by 175.0% to -$44.0 million in 2025, then jumped by 577.27% to $210.0 million in 2026.
- Business Quant data shows WMG's Other Working Capital Changes at $210.0 million in Q1 2026, -$44.0 million in Q4 2025, and $16.0 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -7.00 Mn |
| Jun 30, 2026 | -7.00 Mn |
| Jun 30, 2026 | -7.00 Mn |
| Mar 31, 2026 | -3.00 Mn |
| Mar 31, 2026 | -3.00 Mn |
| Mar 31, 2026 | -3.00 Mn |
| Dec 31, 2025 | 2.00 Mn |
| Dec 31, 2025 | 2.00 Mn |
| Dec 31, 2025 | 2.00 Mn |
| Jun 30, 2025 | -7.00 Mn |
| Jun 30, 2025 | -7.00 Mn |
| Jun 30, 2025 | -7.00 Mn |
| Mar 31, 2025 | -3.00 Mn |
| Mar 31, 2025 | -3.00 Mn |
| Mar 31, 2025 | -3.00 Mn |
| Dec 31, 2024 | -2.00 Mn |
| Dec 31, 2024 | -2.00 Mn |
| Dec 31, 2024 | -2.00 Mn |
| Jun 30, 2024 | -1.00 Mn |
| Jun 30, 2024 | -1.00 Mn |