Warner Music (WMG) Tax Rate (2016 - 2026)
Warner Music's Tax Rate was 25.09% in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 3.65 percentage points from the prior quarter.
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Analysis
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 four-year change of -8.19 percentage points (FY2021 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.
- The fiscal Q3 2026 figure marks the lowest quarterly Tax Rate since fiscal Q4 2024.
- Compared with a year earlier, Tax Rate was higher in two of the last five quarters, with an average year-over-year change of -1.37 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q2 2025 (a gain of 28.83 percentage points); the worst was fiscal Q4 2022 (a drop of 22.52 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 205.42 Bn | 189.99 Bn | 11.57 Bn | 21.98% |
| 2 | Warner Music | 16.90 Bn | 14.39 Bn | 854.00 Mn | 25.09% |
| 3 | Lionsgate Studios | 4.18 Bn | 2.90 Bn | 240.40 Mn | - |
| 4 | Angel Studios | 905.05 Mn | 728.30 Mn | 100.00 Mn | - |
| 5 | Reservoir Media | 675.30 Mn | 590.68 Mn | 32.16 Mn | 23.56% |
| 6 | Kartoon Studios | 31.10 Mn | -22.52 Mn | 1.19 Mn | - |
| 7 | American Picture House | 4.55 Mn | 4.55 Mn | - | - |
| 8 | Nexus Advanced Technologies | 792,061.23 | -15.85 Mn | - | - |
| 9 | AI Era | 58,016.81 | -592,216.19 | - | - |
| 10 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 26.69% |
Historic Data
Download Data
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% |
API Access
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();