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Companies / Communication Services / Warner Music Group Corp.
WMG

Warner Music Group Corp.

Ticker WMGNEW YORK, NYFiscal year ends SeptemberBook value per share $2.28Diluted shares 375.4M

Warner Music Group Corp. (Nasdaq: WMG) is a global music entertainment company focused on discovering and developing recording artists and songwriters and marketing, distributing, selling, licensing and administering their music. Its customers and commercial partners include digital music services, broadcasters,… From the company’s description.

Over the twelve months to Jun 30, 2026, Warner Music Group Corp. reported revenue of $7.30B, up 12.9% from a year earlier, and net income of $665.00M. Its operating margin was 13.7%, and operations generated $939.00M in cash. In fiscal 2025, it reported revenue of $6.71B, up 4.4% from fiscal 2024, and net income of $370.00M.

Fiscal year 2025 · ends 09-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$6.71BFY2025
+4.4% year over year
Last 12 mo $7.30B
10.35%FY2025
−2.5 percentage points
Last 12 mo 13.69%
$370.00MFY2025
−22.6% year over year
Last 12 mo $665.00M
83.72%FY2025
−27.4 percentage points
Last 12 mo 94.03%
Cash & financing
$678.00MFY2025
−10.1% year over year
Last 12 mo $939.00M
$539.00MFY2025
−15.5% year over year
Last 12 mo $836.00M
6.75FY2025
Was 7.75× a year earlier
Last 12 mo 5.52
375.4MFY2025
−0.3% year over year
Last 12 mo 375.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Warner Music Group Corp. does

In the company’s own words

Warner Music Group Corp. (Nasdaq: WMG) is a global music entertainment company focused on discovering and developing recording artists and songwriters and marketing, distributing, selling, licensing and administering their music. Its customers and commercial partners include digital music services, broadcasters, businesses licensing music for media, and consumers who access music through streaming and physical formats. The company operates through two reportable segments: Recorded Music, which includes its record labels and generated $5.408 billion, or 81% of fiscal 2025 revenue, and Music Publishing, which licenses musical compositions and generated $1.306 billion, or 19%. Warner Chappell Music represents works by more than 190,000 songwriters and composers and has a catalog of over two million compositions. Recorded Music labels include Atlantic Records, Warner Records, Elektra Records and Parlophone Records, as well as Rhino Entertainment, Spinnin’ Records and Warner Classics. The company reported total revenue of $6.714 billion for fiscal 2025.

Company details
Sector
Communication Services
Industry (SIC)
Services
Headquarters
NEW YORK, NY
Fiscal year end
September
CIK
1319161
SIC
7900

Financial performance, year by year

Fiscal 2012–2025 · USD
$-1.25B$1.08B$3.42B$5.75B$8.08B20122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Warner Music Group Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

288
funds hold it
1 of 35
superinvestors hold it
$1.40B
held by funds, at market
34.1%
of shares held by funds

Superinvestors in Warner Music Group Corp. · what they did last quarter

Bill NygrenINCREASED
Harris Associates (Oakmark)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Warner Music Group Corp.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.11%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Bridge Builder Large Cap Value Fund
BBVLX · Bridge Builder Trust
0.31%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD SELECTED VALUE FUND
VASVX · VANGUARD WHITEHALL FUNDS
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Warner Music Group Corp. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Warner Music Group Corp.'s earnings go — cash, debt, buybacks, reinvestment?”
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