Warner Music (WMG) Tax Rate (2010 - 2026)

Warner Music has disclosed Tax Rate across 17 years of filings, most recently posting 28.74% for 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 steadied at 28.74% in Q1 2026, from 28.86% in the prior quarter.
• Over the last five years, Tax Rate for WMG reached as high as 44.62% in Q1 2025 and fell as low as 45.45% in Q2 2025.
• The 5-year median for Tax Rate is 26.97% (2024), against an average of 19.71%.
• The widest YoY moves for Tax Rate: up 2883 bps in 2025, down 6300 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 27.91% in 2022, then fell by 3 bps to 27.17% in 2023, then decreased by 1 bps to 26.97% in 2024, then grew by 7 bps to 28.86% in 2025, then declined by 0 bps to 28.74% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 28.74%, 28.86%, and 2.83% for Q1 2026, Q4 2025, and Q3 2025 respectively.