Warner Music (WMG) Tax Rate (2010 - 2026)
Warner Music (WMG) posted quarterly Tax Rate of 28.74% for Q1 2026, down 1588.0% year-over-year from 1.93% in Q1 2025, and little changed quarter-over-quarter from 28.86% in Q4 2025.
Warner Music (WMG) Tax Rate (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Tax Rate for 17 consecutive years, with 28.74% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 1588.0% year-over-year to 28.74%; the TTM figure through Mar 2026 stood at 24.54% (up 6.0% YoY), while the FY2025 annual figure was 24.49%, up 402.0% from the prior year.
- Tax Rate was little changed 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.
- Historically, Tax Rate has averaged 19.71% across 5 years, with a median of 26.97% in 2024.
- On a YoY basis, Tax Rate climbed as much as 2883 bps in 2025 and fell as far as 6300 bps in 2025.
- Warner Music's Tax Rate stood at 27.91% in 2022, then retreated by 3 bps to 27.17% in 2023, then slipped by 1 bps to 26.97% in 2024, then increased by 7 bps to 28.86% in 2025, then fell by 0 bps to 28.74% in 2026.
- Business Quant data shows WMG's Tax Rate at 28.74% in Q1 2026, 28.86% in Q4 2025, and 2.83% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 16.40% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 21.98% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 159.78% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 22.31% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 24.43% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 75.76% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 3.07% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 17.27% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 14.72% |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 25.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.09% |
| Jun 30, 2026 | 25.09% |
| Jun 30, 2026 | 25.09% |
| Mar 31, 2026 | 28.74% |
| Mar 31, 2026 | 28.74% |
| Mar 31, 2026 | 28.74% |
| Dec 31, 2025 | 28.86% |
| Dec 31, 2025 | 28.86% |
| Dec 31, 2025 | 28.86% |
| Sep 30, 2025 | -2.83% |
| Sep 30, 2025 | -2.83% |
| Sep 30, 2025 | -2.83% |
| Jun 30, 2025 | -45.45% |
| Jun 30, 2025 | -45.45% |
| Jun 30, 2025 | -45.45% |
| Mar 31, 2025 | 44.62% |
| Mar 31, 2025 | 44.62% |
| Mar 31, 2025 | 44.62% |
| Dec 31, 2024 | 26.97% |
| Dec 31, 2024 | 26.97% |