Warner Music (WMG) Tax Provisions (2010 - 2026)
Warner Music (WMG) recorded Tax Provisions of $67 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with $5 million a year earlier and down 8.2% from the prior quarter.
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Analysis
Warner Music (WMG) Tax Provisions (2010 - 2026) Analysis & Trends
On a TTM basis, Warner Music's Tax Provisions came in at $208 million as of Jun 30, 2026, up 65.1% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $120 million, down 2.4% from FY2024.
- Annual Tax Provisions has declined for three straight fiscal years, though with a five-year compound annual growth rate of 39.2% (FY2020 to FY2025).
- Across earlier fiscal years, Tax Provisions came in at $123 million in FY2024 (-27.6%), $170 million in FY2023 (-8.1%), $185 million in FY2022 (+24.2%) and $149 million in FY2021 (+547.8%).
- Quarterly Tax Provisions has ranged from -$3 million in fiscal Q4 2025 to $89 million in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Tax Provisions rose in three of the last six quarters, with growth averaging 6.3%.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 151.7% in fiscal Q2 2026, against a decline of 94.8% in fiscal Q4 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $73 million (Q2 2026), $71 million (Q1 2026) and -$3 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 181.20 Bn | 165.77 Bn | 11.57 Bn | 801.00 Mn |
| 2 | Warner Music | 14.44 Bn | 11.93 Bn | 854.00 Mn | 67.00 Mn |
| 3 | Lionsgate Studios | 3.33 Bn | 2.29 Bn | - | 7.80 Mn |
| 4 | Angel Studios | 860.38 Mn | 665.88 Mn | 59.96 Mn | - |
| 5 | Reservoir Media | 625.02 Mn | 537.33 Mn | 26.69 Mn | -239,125.00 |
| 6 | Kartoon Studios | 36.70 Mn | 19.57 Mn | - | - |
| 7 | American Picture House | 6.83 Mn | 6.83 Mn | - | - |
| 8 | Nexus Advanced Technologies | 2.08 Mn | -16.54 Mn | - | - |
| 9 | AI Era | 580,168.11 | -70,064.89 | - | - |
| 10 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 799.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.00 Mn |
| Mar 31, 2026 | 73.00 Mn |
| Dec 31, 2025 | 71.00 Mn |
| Sep 30, 2025 | -3.00 Mn |
| Jun 30, 2025 | 5.00 Mn |
| Mar 31, 2025 | 29.00 Mn |
| Dec 31, 2024 | 89.00 Mn |
| Sep 30, 2024 | 3.00 Mn |
| Jun 30, 2024 | 30.00 Mn |
| Mar 31, 2024 | 18.00 Mn |
| Dec 31, 2023 | 72.00 Mn |
| Sep 30, 2023 | 58.00 Mn |
| Jun 30, 2023 | 43.00 Mn |
| Mar 31, 2023 | 21.00 Mn |
| Dec 31, 2022 | 48.00 Mn |
| Sep 30, 2022 | 37.00 Mn |
| Jun 30, 2022 | 39.00 Mn |
| Mar 31, 2022 | 34.00 Mn |
| Dec 31, 2021 | 75.00 Mn |
| Sep 30, 2021 | 22.00 Mn |
API Access
Warner Music Tax Provisions 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=tax-provisions&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();