Warner Music (WMG) Tax Rate (2010 - 2026)
Warner Music (WMG) reported Tax Rate of 28.74% for Q1 2026, down 1588.0% year-over-year from 1.93% in Q1 2025, and little changed on a QoQ basis from 28.86% in Q4 2025.
Warner Music (WMG) has 17 years of Tax Rate data on file, last reported at 28.74% in Q1 2026.
- Quarterly Tax Rate fell 1588.0% year-over-year to 28.74% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.54% (up 6.0% YoY) and the FY2025 annual result came in at 24.49%, up 402.0% from the prior year.
- Tax Rate steadied at 28.74% in Q1 2026 per WMG's latest filing, from 28.86% in the prior quarter.
- Across five years, Tax Rate topped out at 44.62% in Q1 2025 and bottomed at 45.45% in Q2 2025.
- The 5-year median for Tax Rate is 26.97% (2024), against an average of 19.71%.
- Peak annual rise in Tax Rate reached 2883 bps in 2025, while the deepest fall reached 6300 bps in 2025.
- Tracing WMG's Tax Rate over 5 years: stood at 27.91% in 2022, then dropped by 3 bps to 27.17% in 2023, then fell by 1 bps to 26.97% in 2024, then advanced by 7 bps to 28.86% in 2025, then slipped by 0 bps to 28.74% in 2026.
- Per Business Quant, the three latest WMG Tax Rate figures stand at 28.74% (Q1 2026), 28.86% (Q4 2025), and 2.83% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 19.31 |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 26.79 |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | 6.86 |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 7.79 |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 25.85 |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 8.62 |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 3.27 |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 35.98 |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 12.04 |
| 10 | Warner Music | 4.58 Bn | 3.94 Bn | 802.00 Mn | 28.74 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.74 |
| Mar 31, 2026 | 28.74 |
| Dec 31, 2025 | 28.86 |
| Dec 31, 2025 | 28.86 |
| Sep 30, 2025 | -2.83 |
| Sep 30, 2025 | -2.83 |
| Jun 30, 2025 | -45.45 |
| Jun 30, 2025 | -45.45 |
| Mar 31, 2025 | 44.62 |
| Mar 31, 2025 | 44.62 |
| Dec 31, 2024 | 26.97 |
| Dec 31, 2024 | 26.97 |
| Sep 30, 2024 | 5.88 |
| Sep 30, 2024 | 5.88 |
| Jun 30, 2024 | 17.54 |
| Jun 30, 2024 | 17.54 |
| Mar 31, 2024 | 15.79 |
| Mar 31, 2024 | 15.79 |
| Dec 31, 2023 | 27.17 |
| Dec 31, 2023 | 27.17 |
| Sep 30, 2023 | 27.36 |
| Sep 30, 2023 | 27.36 |
| Jun 30, 2023 | 25.75 |
| Jun 30, 2023 | 25.75 |
| Mar 31, 2023 | 36.21 |
| Mar 31, 2023 | 36.21 |
| Dec 31, 2022 | 27.91 |
| Dec 31, 2022 | 27.91 |
| Sep 30, 2022 | 19.79 |
| Sep 30, 2022 | 19.79 |
| Jun 30, 2022 | 23.78 |
| Jun 30, 2022 | 23.78 |
| Mar 31, 2022 | 26.98 |
| Mar 31, 2022 | 26.98 |
| Dec 31, 2021 | 28.52 |
| Dec 31, 2021 | 28.52 |
| Sep 30, 2021 | 42.31 |
| Sep 30, 2021 | 42.31 |
| Jun 30, 2021 | 40.20 |
| Jun 30, 2021 | 40.20 |
| Mar 31, 2021 | 30.36 |
| Mar 31, 2021 | 30.36 |
| Dec 31, 2020 | 26.12 |
| Dec 31, 2020 | 26.12 |
| Sep 30, 2020 | 105.00 |
| Sep 30, 2020 | 105.00 |
| Jun 30, 2020 | -10.90 |
| Jun 30, 2020 | -10.90 |
| Mar 31, 2020 | 13.95 |
| Mar 31, 2020 | 13.95 |
| Dec 31, 2019 | 3.94 |
| Dec 31, 2019 | 3.94 |
| Sep 30, 2019 | -550.00 |
| Sep 30, 2019 | -550.00 |
| Jun 30, 2019 | -600.00 |
| Jun 30, 2019 | -600.00 |
| Mar 31, 2019 | 41.74 |
| Mar 31, 2019 | 41.74 |
| Dec 31, 2018 | 36.76 |
| Dec 31, 2018 | 36.76 |
| Sep 30, 2018 | 13.33 |
| Sep 30, 2018 | 13.33 |
| Jun 30, 2018 | 15.97 |
| Jun 30, 2018 | 15.97 |
| Mar 31, 2018 | 105.56 |
| Mar 31, 2018 | 105.56 |
| Dec 31, 2017 | 91.23 |
| Dec 31, 2017 | 91.23 |
| Sep 30, 2017 | 33.33 |
| Sep 30, 2017 | 33.33 |
| Jun 30, 2017 | 1,688.89 |
| Jun 30, 2017 | 1,688.89 |
| Mar 31, 2017 | 13.04 |
| Mar 31, 2017 | 13.04 |
| Dec 31, 2016 | 41.46 |
| Dec 31, 2016 | 41.46 |
| Sep 30, 2016 | 62.50 |
| Sep 30, 2016 | 62.50 |
| Jun 30, 2016 | -133.33 |
| Jun 30, 2016 | -133.33 |
| Mar 31, 2016 | 55.56 |
| Mar 31, 2016 | 55.56 |
| Dec 31, 2015 | -12.00 |
| Dec 31, 2015 | -12.00 |
| Sep 30, 2015 | -35.29 |
| Sep 30, 2015 | -35.29 |
| Jun 30, 2015 | -10.26 |
| Jun 30, 2015 | -10.26 |
| Mar 31, 2015 | -46.15 |
| Mar 31, 2015 | -46.15 |
| Dec 31, 2014 | -28.13 |
| Dec 31, 2014 | -28.13 |
| Sep 30, 2014 | -4.35 |
| Sep 30, 2014 | -4.35 |
| Jun 30, 2014 | 8.00 |
| Jun 30, 2014 | 8.00 |
| Mar 31, 2014 | 4.84 |
| Mar 31, 2014 | 4.84 |
| Dec 31, 2013 | 18.18 |
| Dec 31, 2013 | 18.18 |
| Sep 30, 2013 | 40.63 |
| Sep 30, 2013 | 40.63 |
| Jun 30, 2013 | -44.19 |
| Jun 30, 2013 | -44.19 |
| Mar 31, 2013 | 25.00 |
| Mar 31, 2013 | 25.00 |
| Dec 31, 2012 | 12.22 |
| Dec 31, 2012 | 12.22 |
| Sep 30, 2012 | -30.77 |
| Sep 30, 2012 | -30.77 |
| Jun 30, 2012 | 25.58 |
| Jun 30, 2012 | 25.58 |
| Mar 31, 2012 | -6.25 |
| Mar 31, 2012 | -6.25 |
| Dec 31, 2011 | -30.00 |
| Dec 31, 2011 | -30.00 |
| Jun 30, 2011 | -48.39 |
| Jun 30, 2011 | -48.39 |
| Mar 31, 2011 | -21.88 |
| Mar 31, 2011 | -21.88 |
| Dec 31, 2010 | 10.00 |
| Dec 31, 2010 | 10.00 |
| Sep 30, 2010 | -58.62 |
| Sep 30, 2010 | -58.62 |
| Jun 30, 2010 | -19.57 |
| Jun 30, 2010 | -19.57 |