Warner Music (WMG) Tax Rate (2016 - 2026)
Warner Music's Tax Rate was 25.09% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 70.55 percentage points from -45.45% a year earlier but down 3.65 percentage points from the prior quarter.
Warner Music (WMG) Tax Rate (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Warner Music's Tax Rate was 23.83% through Jun 30, 2026, down 5.14 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 24.49%, up 4.02 percentage points from FY2024.
- Tax Rate shows a five-year change of +29.64 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 20.47% in FY2024 (-7.45 pp), 27.91% in FY2023 (+2.91 pp), 25.00% in FY2022 (-7.68 pp) and 32.68% in FY2021 (+37.82 pp).
- Quarterly Tax Rate has moved between -45.45% (fiscal Q3 2025) and 44.62% (fiscal Q2 2025) over five years.
- Compared with a year earlier, Tax Rate was higher in three of the last eight quarters, with an average year-over-year change of -1.00 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q3 2026 (a gain of 70.55 percentage points); the worst was fiscal Q3 2025 (a drop of 63.00 percentage points).
- Per Business Quant data, WMG's Tax Rate in the three fiscal quarters before Q3 2026 was 28.74% (Q2 2026), 28.86% (Q1 2026) and -2.83% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 181.20 Bn | 165.77 Bn | 11.57 Bn | 21.98% |
| 2 | Warner Music | 14.44 Bn | 11.93 Bn | 854.00 Mn | 25.09% |
| 3 | Lionsgate Studios | 3.33 Bn | 2.29 Bn | - | - |
| 4 | Angel Studios | 860.38 Mn | 665.88 Mn | 59.96 Mn | - |
| 5 | Reservoir Media | 625.02 Mn | 537.33 Mn | 26.69 Mn | - |
| 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 | 26.70% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.09% |
| Mar 31, 2026 | 28.74% |
| Dec 31, 2025 | 28.86% |
| 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% |
| Jun 30, 2021 | 40.20% |
| Mar 31, 2021 | 30.36% |
Warner Music Tax Rate 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-rate&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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-rate&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();