WMG
$26.82-0.87%
as of close, Oct 2, 2026
☾ AH $26.82 -0.87%
WMG financial statements
The full income statement, balance sheet, and cash-flow statement for Warner Music Group Corp. (WMG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 517.9M2024-09 518.0M2024-12 520.4M2025-03 521.3M2025-06 521.3M2025-09 522.4M2025-12 522.3M2026-03 521.6M2026-06 523.1M+1.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Revenue | 6.71B+4.4% | 6.43B+6.4% | 6.04B+2.0% | 5.92B+11.7% | 5.30B+18.8% | |
| Cost of revenue | 3.63B+8.3% | 3.35B+5.6% | 3.18B+3.1% | 3.08B+12.3% | 2.74B+17.5% | |
| Selling, general & administrative | 1.89B+0.5% | 1.88B+2.9% | 1.83B-1.9% | 1.86B+8.2% | 1.72B-20.7% | |
| General & administrative | 1.14B+4.2% | 1.09B+9.9% | 991M | — | — | |
| Selling & marketing | 642M-6.3% | 685M-3.5% | 710M | — | — | |
| Restructuring | — | 135M+237.5% | 40.0M | 0.00 | 0.00 | |
| Amortization of intangibles | 258M+15.2% | 224M-8.6% | 245M-6.8% | 263M+14.8% | 229M+20.5% | |
| Operating income | 694M-15.7% | 823M+4.2% | 790M+10.6% | 714M+17.2% | 609M+365.9% | |
| Interest expense | 177M-2.7% | 182M+15.9% | 157M+25.6% | 125M+5.0% | 119M | |
| Other non-operating income | -42.0M+31.1% | -61.0M-69.4% | -36.0M-123.8% | 151M+1777.8% | -9.00M+84.2% | |
| Gain (loss) on equity securities | — | 4.00M+100.0% | 2.00M | — | — | |
| Pre-tax income | 490M-18.5% | 601M-1.3% | 609M-17.7% | 740M+62.3% | 456M+202.0% | |
| Income tax | 120M-2.4% | 123M-27.6% | 170M-8.1% | 185M+24.2% | 149M+547.8% | |
| 365M-16.1% | 435M+1.2% | 430M-22.0% | 551M+81.3% | 304M+164.0% | ||
| Net income to non-controlling interest | 5.00M-88.4% | 43.0M+377.8% | 9.00M+125.0% | 4.00M+33.3% | 3.00M-40.0% | |
| Dividends per share | $0.73+5.8% | $0.69+6.2% | $0.65+6.6% | $0.61+19.6% | $0.51 | |
| Balance Sheet | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 2.77B+4.8% | 2.64B+10.0% | 2.40B+12.3% | 2.14B+12.8% | 1.90B+13.0% | ||
| Cash & equivalents | 532M-23.3% | 694M+8.3% | 641M+9.8% | 584M+17.0% | 499M-9.8% | |
| Accounts receivable | 1.34B+6.8% | 1.25B+12.1% | 1.12B+13.8% | 984M+17.3% | 839M+8.8% | |
| Inventory | 62.0M-37.4% | 99.0M-21.4% | 126M+16.7% | 108M+9.1% | 99.0M+25.3% | |
| Prepaid expenses | 166M+32.8% | 125M+22.5% | 102M+12.1% | 91.0M+5.8% | 86.0M+56.4% | |
| 9.83B+7.4% | 9.15B+7.1% | 8.54B+9.2% | 7.83B+8.6% | 7.21B+12.5% | ||
| Property, plant & equipment | 441M-8.3% | 481M+5.0% | 458M+10.4% | 415M+14.0% | 364M+10.0% | |
| Operating lease right-of-use | 189M-16.0% | 225M-8.2% | 245M+8.4% | 226M-15.7% | 268M-1.8% | |
| Goodwill | 2.06B+2.0% | 2.02B+1.4% | 1.99B+3.8% | 1.92B+4.9% | 1.83B-0.1% | |
| Intangible assets | 2.88B+14.7% | 2.51B+0.4% | 2.50B+4.9% | 2.38B+9.8% | 2.17B+20.1% | |
| Deferred tax assets | 111M+113.5% | 52.0M+62.5% | 32.0M+10.3% | 29.0M-6.5% | 31.0M-54.4% | |
| Other non-current assets | 299M-14.1% | 348M+54.7% | 225M+6.1% | 212M+9.3% | 194M+26.8% | |
| 4.20B+7.8% | 3.90B+10.1% | 3.54B+5.1% | 3.37B+6.9% | 3.15B+15.8% | ||
| Accounts payable | 257M-11.1% | 289M-3.7% | 300M+11.9% | 268M-11.3% | 302M+14.4% | |
| Accrued liabilities | 666M+3.9% | 641M+20.3% | 533M+16.6% | 457M-0.9% | 461M+20.7% | |
| Deferred revenue | 286M+16.3% | 246M-33.7% | 371M-12.3% | 423M+21.6% | 348M+17.2% | |
| Current lease liability | 43.0M-4.4% | 45.0M+9.8% | 41.0M+2.5% | 40.0M-7.0% | 43.0M+10.3% | |
| Other current liabilities | 129M+17.3% | 110M+93.0% | 57.0M-76.7% | 245M+140.2% | 102M+27.5% | |
| 9.07B+7.0% | 8.48B+4.5% | 8.12B+5.9% | 7.66B+6.9% | 7.17B+11.0% | ||
| Long-term debt | 4.06B+1.2% | 4.01B+1.3% | 3.96B+6.2% | 3.73B+11.5% | 3.35B+7.8% | |
| Non-current lease liability | 200M-12.3% | 228M-10.6% | 255M+5.8% | 241M-16.0% | 287M-4.0% | |
| Operating lease liability (total) | 243M-11.0% | 273M-7.8% | 296M+5.3% | 281M-14.8% | 330M-2.4% | |
| Deferred tax liabilities | 164M-15.9% | 195M-9.7% | 216M-1.8% | 220M+6.3% | 207M+27.0% | |
| Other non-current liabilities | 142M-2.7% | 146M+3.5% | 141M+42.4% | 99.0M-43.4% | 175M+3.6% | |
| 647M+24.9% | 518M+68.7% | 307M+102.0% | 152M+390.3% | 31.0M+149.2% | ||
| Additional paid-in capital | 2.17B+4.3% | 2.08B+3.1% | 2.02B+2.0% | 1.98B+1.7% | 1.94B+1.8% | |
| Retained earnings | -1.33B-1.4% | -1.31B+5.3% | -1.39B+6.1% | -1.48B+13.6% | -1.71B+2.2% | |
| Accumulated other comprehensive income | -189M+23.5% | -247M+23.3% | -322M+7.2% | -347M-71.8% | -202M+9.0% | |
| Non-controlling interest | 110M-29.9% | 157M+27.6% | 123M+668.8% | 16.0M+6.7% | 15.0M-16.7% | |
| Total equity incl. non-controlling | 757M+12.1% | 675M+57.0% | 430M+156.0% | 168M+265.2% | 46.0M+202.2% | |
| Total liabilities & equity | 9.83B+7.4% | 9.15B+7.1% | 8.54B+9.2% | 7.83B+8.6% | 7.21B+12.5% | |
| Cash Flow | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 678M-10.1% | 754M+9.8% | 687M-7.4% | 742M+16.3% | 638M+37.8% | ||
| Depreciation & amortization | 376M+15.0% | 327M-1.5% | 332M-2.1% | 339M+10.8% | 306M+17.2% | |
| Intangible amortization | 258M+15.2% | 224M-8.6% | 245M-6.8% | 263M+14.8% | 229M+20.5% | |
| Share-based compensation | — | — | 49.0M+25.6% | 39.0M-13.3% | 45.0M-92.6% | |
| Deferred income taxes | -90.0M-87.5% | -48.0M-269.2% | -13.0M-200.0% | 13.0M-51.9% | 27.0M+147.4% | |
| Change in receivables | 61.0M-44.5% | 110M-2.7% | 113M-42.1% | 195M+236.2% | 58.0M+422.2% | |
| Change in inventory | 11.0M+136.7% | -30.0M-350.0% | 12.0M-45.5% | 22.0M+15.8% | 19.0M+850.0% | |
| -340M-9.3% | -311M-3.7% | -300M+63.6% | -824M-29.2% | -638M-191.3% | ||
| Capital expenditure | 139M+19.8% | 116M-8.7% | 127M-5.9% | 135M+45.2% | 93.0M+9.4% | |
| Free cash flow | 539M-15.5% | 638M+13.9% | 560M-7.7% | 607M+11.4% | 545M+44.2% | |
| Acquisitions | 46.0M+15.0% | 40.0M-68.3% | 126M-75.2% | 509M+695.3% | 64.0M-31.9% | |
| -497M-25.5% | -396M-21.8% | -325M-272.9% | 188M+408.2% | -61.0M+80.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 16.0M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 383M+6.1% | 361M+6.2% | 340M+6.9% | 318M+20.0% | 265M-23.0% | |
| Other financing activities | — | 0.00+100.0% | -1.00M+80.0% | -5.00M | 0.00 | |
| FX effect on cash | 0.00-100.0% | 6.00M+220.0% | -5.00M+76.2% | -21.0M-400.0% | 7.00M+16.7% | |
| Net change in cash | -162M-405.7% | 53.0M-7.0% | 57.0M-32.9% | 85.0M+257.4% | -54.0M+18.2% | |
| Interest paid | 167M-8.7% | 183M+16.6% | 157M+28.7% | 122M-10.9% | 137M+7.0% | |
| Income taxes paid | 181M+34.1% | 135M-38.4% | 219M+55.3% | 141M+13.7% | 124M+53.1% | |
| Valuation Ratios | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Market cap | 17.8B+9.7% | 16.2B+0.1% | 16.2B+35.6% | 11.9B-45.7% | 22.0B+50.0% | |
| P/E | 48.7×+30.8% | 37.3×-2.0% | 38.0×+75.4% | 21.7×-70.0% | 72.3× | |
| P/S | 2.7×+5.1% | 2.5×-7.4% | 2.7×+34.9% | 2.0×-51.3% | 4.1×+26.3% | |
| P/B | 27.5×-12.1% | 31.3×-45.7% | 57.7×-26.7% | 78.6×-88.9% | 709.4× | |
| P/FCF | 33.0×+29.9% | 25.4×-1.5% | 25.8×+31.1% | 19.7×-51.2% | 40.4×+4.1% | |
| Earnings yield | 2.1%-23.5% | 2.7%+2.0% | 2.6%-43.0% | 4.6%+233.6% | 1.4% | |
| FCF yield | 3.0%-23.0% | 3.9%+1.5% | 3.9%-23.7% | 5.1%+105.0% | 2.5%-3.9% | |
| Dividend yield | 2.1%-2.8% | 2.2%+6.5% | 2.1%-21.2% | 2.6%+120.3% | 1.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WMG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WMG filings on SEC EDGAR → Not investment advice.