Warner Music (WMG) Shares Outstanding (Diluted) (2009 - 2026)
Warner Music (WMG) recorded Weighted Average Shares Outstanding (Diluted) of 524.42 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 39.7% from 375.38 million a year earlier but down 0.1% from the prior quarter.
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Analysis
Warner Music (WMG) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Warner Music reported Weighted Average Shares Outstanding (Diluted) of 375.38 million, down 0.3% from FY2024.
- Annual Weighted Average Shares Outstanding (Diluted) has a five-year compound annual growth rate of -5.7% (FY2020 to FY2025).
- Across earlier fiscal years, Weighted Average Shares Outstanding (Diluted) came in at 376.64 million in FY2024 (-27.0%), 515.72 million in FY2023 (+35.3%), 381.05 million in FY2022 (-5.4%) and 402.91 million in FY2021 (-20.1%).
- Quarterly Weighted Average Shares Outstanding (Diluted) has ranged from 375.38 million in fiscal Q1 2025 to 524.7 million in fiscal Q2 2026 over the past five years.
- On a year-over-year basis, Weighted Average Shares Outstanding (Diluted) has increased for three consecutive quarters, with growth averaging 4.5% over the last eight quarters.
- Peak year-over-year performance for Weighted Average Shares Outstanding (Diluted) in the last five years was growth of 39.8% in fiscal Q2 2026, against a decline of 27.5% in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 524.7 million (Q2 2026), 522.14 million (Q1 2026) and 375.38 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 205.42 Bn | 189.99 Bn | 11.57 Bn | 1.74 Bn |
| 2 | Warner Music | 16.90 Bn | 14.39 Bn | 854.00 Mn | 524.42 Mn |
| 3 | Lionsgate Studios | 4.18 Bn | 2.90 Bn | 240.40 Mn | 297.60 Mn |
| 4 | Angel Studios | 905.05 Mn | 728.30 Mn | 100.00 Mn | 189.35 Mn |
| 5 | Reservoir Media | 675.30 Mn | 590.68 Mn | 32.16 Mn | 66.80 Mn |
| 6 | Kartoon Studios | 31.10 Mn | -22.52 Mn | 1.19 Mn | 70.97 Mn |
| 7 | American Picture House | 4.55 Mn | 4.55 Mn | - | 113.56 Mn |
| 8 | Nexus Advanced Technologies | 792,061.23 | -15.85 Mn | - | 3.40 Mn |
| 9 | AI Era | 58,016.81 | -592,216.19 | - | 5.46 Mn |
| 10 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 6.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 524.42 Mn |
| Mar 31, 2026 | 524.70 Mn |
| Dec 31, 2025 | 522.14 Mn |
| Sep 30, 2025 | 375.38 Mn |
| Jun 30, 2025 | 375.38 Mn |
| Mar 31, 2025 | 375.38 Mn |
| Dec 31, 2024 | 375.38 Mn |
| Sep 30, 2024 | 376.64 Mn |
| Jun 30, 2024 | 376.32 Mn |
| Mar 31, 2024 | 517.84 Mn |
| Dec 31, 2023 | 516.46 Mn |
| Sep 30, 2023 | 515.72 Mn |
| Jun 30, 2023 | 515.94 Mn |
| Mar 31, 2023 | 515.91 Mn |
| Dec 31, 2022 | 515.07 Mn |
| Sep 30, 2022 | 381.05 Mn |
| Jun 30, 2022 | 514.82 Mn |
| Mar 31, 2022 | 514.78 Mn |
| Dec 31, 2021 | 390.95 Mn |
| Sep 30, 2021 | 402.91 Mn |
API Access
Warner Music Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();