Warner Music (WMG) Tax Rate (2010 - 2026)
Warner Music's (WMG) quarterly Tax Rate came in at 25.09% in Q2 2026, up 7055.0% year-over-year from 0.35% in Q2 2025, and down 12.69% quarter-over-quarter from 28.74% in Q1 2026.
Analysis
Warner Music (WMG) Tax Rate (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Tax Rate for 17 consecutive years, with 25.09% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate rose 7055.0% year-over-year to 25.09% in Q2 2026; TTM through Jun 2026 was 23.83%, a 514.0% decrease from a year earlier, with the FY2025 full-year figure at 24.49%, up 402.0% from the prior year.
- Tax Rate was 25.09% for Q2 2026 at Warner Music, down from 28.74% in the prior quarter.
- Over five years, Tax Rate peaked at 44.62% in Q1 2025 and troughed at 45.45% in Q2 2025.
- A 5-year average of 20.01% and a median of 26.36% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate plunged 6300 bps in 2025 and soared 7055 bps in 2026, its largest moves.
- Over 5 years, Tax Rate stood at 27.91% in 2022, then declined by 3 bps to 27.17% in 2023, then retreated by 1 bps to 26.97% in 2024, then climbed by 7 bps to 28.86% in 2025, then retreated by 13 bps to 25.09% in 2026.
- The last three Tax Rate figures came in at 25.09% (Q2 2026), 28.74% (Q1 2026), and 28.86% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Music | 10.57 Bn | 9.95 Bn | 854.00 Mn | 25.09% |
| 2 | Reservoir Media | 580.60 Mn | 566.94 Mn | 26.69 Mn | 31.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.09% |
| Mar 31, 2026 | 28.74% |
| Dec 31, 2025 | 28.86% |
| Sep 30, 2025 | -2.83% |
| Jun 30, 2025 | -45.45% |
| Mar 31, 2025 | 44.62% |
| Dec 31, 2024 | 26.97% |
| Sep 30, 2024 | 5.88% |
| Jun 30, 2024 | 17.54% |
| Mar 31, 2024 | 15.79% |
| Dec 31, 2023 | 27.17% |
| Sep 30, 2023 | 27.36% |
| Jun 30, 2023 | 25.75% |
| Mar 31, 2023 | 36.21% |
| Dec 31, 2022 | 27.91% |
| Sep 30, 2022 | 19.79% |
| Jun 30, 2022 | 23.78% |
| Mar 31, 2022 | 26.98% |
| Dec 31, 2021 | 28.52% |
| Sep 30, 2021 | 42.31% |