Stocks Consumer discretionary WMG
NASDAQ · Consumer discretionaryWarner Music Group Corp. (WMG)
Warner Music Group Corp. brought in $7.3B of revenue over the twelve months to June 30, 2026, up 12.9% from a year earlier. Net income was $672M, a net margin of 9.2%. Operating cash flow minus capital spending left $539M of free cash flow in fiscal 2025. At June 30, 2026 it held $618M in cash against $4.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.
Key facts about Warner Music Group Corp.
- Net worth
- Warner Music Group Corp. has a market value (market cap) of $16.4B at the latest share price, and shareholders' equity of $854M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $6.7B (+4.4% year on year), with net income of $365M. Over the 12 months to June 30, 2026: revenue $7.3B, net income $672M.
- Cash flow
- In fiscal 2025 operations brought in $678M of cash; after $139M of capital spending, free cash flow was $539M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 5, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Warner Music Group Corp.'s next report is expected around November 19, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Warner Music Group Corp. declared dividends of $0.73 per share in fiscal 2025, a yield of 2.32% at the current price.
What Warner Music Group Corp. does
Warner Music Group Corp. is registered with the SEC under industry code SIC 7900 (Services-Amusement & Recreation Services). Its shares trade on NASDAQ under the ticker WMG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $6.7B | $365M | n/a | $539M |
| 2024 | $6.4B | $435M | n/a | $638M |
| 2023 | $6B | $430M | n/a | $560M |
| 2022 | $5.9B | $551M | n/a | $607M |
| 2021 | $5.3B | $304M | n/a | $545M |
| 2020 | $4.5B | -$475M | n/a | $378M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WMG ranks in Consumer discretionary
Dividends
Warner Music Group Corp. declared $0.73 per share in fiscal 2025. At the current price that is a yield of 2.32%. It paid out $383M in cash dividends, 105% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.73 | $383M | 105% |
| 2024 | $0.69 | $361M | 83% |
| 2023 | $0.65 | $340M | 79% |
| 2022 | $0.61 | $318M | 58% |
| 2021 | $0.51 | $265M | 87% |
| 2020 | n/a | $344M | n/a |
Latest SEC filings
What Warner Music Group Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Other event 8-K
- September 25, 2026Material agreement8-KWarner Music Group subsidiary entered into an employment agreement appointing board member Valentin Blavatnik as Managing Director.
- September 22, 2026Executive or director change8-KWarner Music Group announced that Warner Chappell Music Co-Chair and COO Carianne Marshall will step down effective September 30, 2026.
- September 4, 2026
- August 12, 2026Passive stake (5% or more) SCHEDULE 13G
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 10% to $1.9B versus the same quarter last year; net income of $204M versus a net loss of $16M.
- August 5, 2026
- August 3, 2026
- July 31, 2026
- July 27, 2026Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running Warner Music Group Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 6 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 1, 2026 | Lynton MichaelDirector | Received as pay | 122 | - |
| September 1, 2026 | Dopfner MathiasDirector | Received as pay | 45 | - |
| September 1, 2026 | Kurzman CeceliaDirector | Received as pay | 84 | - |
| September 1, 2026 | Dubuc NancyDirector | Received as pay | 45 | - |
| September 1, 2026 | Kreiz YnonDirector | Received as payindirect | 45 | - |
| September 1, 2026 | Hertz NoreenaDirector | Received as pay | 45 | - |
| June 2, 2026 | Dubuc NancyDirector | Received as pay | 38 | - |
| June 2, 2026 | Dopfner MathiasDirector | Received as pay | 38 | - |
Who owns WMG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Len Blavatnik13G, passive with 11 related filers | 72.1% | February 14, 2025 |
| Independent Franchise Partners, LLP13G, passive | 9.23% | May 14, 2025 |
| Darsana Capital Partners LP13G, passive with 4 related filers | 8.1% | May 15, 2026 |
| Barrow Hanley Mewhinney & Strauss LLC13G, passive | 6.1% | August 12, 2026 |
| Darlington Partners Capital Management, LP13G, passive with 4 related filers | 5.1% | April 1, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 336 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Independent Franchise Partners LLP | 12,997,804 | -36,450 |
| Darsana Capital Partners LP | 11,943,199 | +93,199 |
| Jpmorgan Chase & Co | 11,188,756 | -2,519,152 |
| BlackRock, Inc. | 10,209,746 | +551,090 |
| Barrow Hanley Mewhinney & Strauss LLC | 8,909,122 | -352,552 |
| Darlington Partners Capital Management, LP | 6,705,884 | -846,000 |
| Vanguard Capital Management LLC | 6,221,543 | -17,135 |
| Vanguard Portfolio Management LLC | 5,885,298 | -7,601 |
| FIL Ltd | 5,827,313 | -44,512 |
| Goldman Sachs Group Inc | 4,977,489 | +3,296,931 |
| Cooke & Bieler LP | 4,620,824 | -149,770 |
| State Street Corp | 2,701,899 | +38,068 |
| Qube Research & Technologies Ltd | 2,544,216 | +1,606,372 |
| Fmr LLC | 2,515,422 | +2,112,678 |
| Morgan Stanley | 2,408,509 | +148,900 |
| Aqr Capital Management LLC | 2,436,958 | -105,275 |
| Geode Capital Management, LLC | 2,213,818 | -4,812 |
| Point72 Asset Management, L.P. | 1,912,689 | -576,750 |
| UBS Group AG | 1,892,477 | -117,287 |
| DigitalBridge Group, Inc. | 1,778,671 | +226,137 |
Insiders
16 insiders reported holding 2,380,653 shares in total, about $74.8M at the last price.
| Holder | Shares |
|---|---|
| Kyncl RobertCEO | 731,365 |
| Zerza ArminCOO & CFO | 408,666 |
| Marshall CarianneCo-Chair & COO Warner Chappell | 229,084 |
| Moot GuyCo-Chair & CEO Warner Chappell | 229,084 |
| Higginson CarlettaEVP, Chief Digital Officer | 200,596 |
| Blavatnik ValentinDirector | 104,074 |
| Robinson Paul MEVP & General Counsel | 98,342 |
| Osherova MariaEVP, Chief Human Res. Officer | 96,827 |
| Lynton MichaelDirector | 53,886 |
| Steven JamesEVP, Chief Comm. Officer | 46,881 |
Questions about WMG
What does Warner Music Group Corp. do?
Warner Music Group Corp. is a company in the Consumer discretionary sector, listed on NASDAQ as WMG. Its shares trade on NASDAQ under the ticker WMG.
What is Warner Music Group Corp.'s net worth?
Warner Music Group Corp. has a market value (market cap) of $16.4B at the latest share price, and shareholders' equity of $854M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Warner Music Group Corp. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $672M on revenue of $7.3B, a net margin of 9.2%.
How much revenue does Warner Music Group Corp. make?
Over the twelve months to June 30, 2026 Warner Music Group Corp. reported revenue of $7.3B. That is 12.9% more than a year earlier.
When did Warner Music Group Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the other event from November 9, 2026.
When is Warner Music Group Corp.'s next earnings report?
Warner Music Group Corp.'s next report is expected around November 19, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Warner Music Group Corp. pay a dividend?
Yes. Warner Music Group Corp. declared dividends of $0.73 per share in fiscal 2025, a yield of 2.32% at the current price.
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Where the numbers come from
Financial figures are the values Warner Music Group Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.