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WMG
Warner Music Group Corp.Stock · Consumer Discretionary
$25.32+$0.53 (+2.14%)as of market close, Aug 13, 2026
☾ After hours:$25.34+0.00%3:59 PM ET
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How Warner Music makes money

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How does Warner Music make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Warner Music Group Corp. · FY2025 · year ended 2025-09-30
Revenue$6.7BGross profit$3.1B · 46%Cost of revenue$3.6B · 54%Operating income$694M · 10%Operating expenses$2.4B · 36%SG&A$1.9B · 28%Other opex$492M · 7%Pre-tax income$485M · 7%Other expense$209M · 3%Net income$365M · 5%Income tax$120M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.