# Warner Music Group Corp.: overview

WMG · Nasdaq · CIK 1319161 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Sep 30

Pages: [Overview](/companies/wmg.md) · [Financials](/companies/wmg/financials.md) · [Filings](/companies/wmg/filings.md) · [Insiders](/companies/wmg/insiders.md)

Latest reported revenue: [$1.86bn](/filings/0001319161-26-000032.md) for Q3 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001319161-26-000032).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-09-30) | Q1 FY2025 (2024-12-31) | Q2 FY2025 (2025-03-31) | Q3 FY2025 (2025-06-30) | Q4 FY2025 (2025-09-30) | Q1 FY2026 (2025-12-31) | Q2 FY2026 (2026-03-31) | Q3 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,630 d](/filings/0001319161-25-000034.md) | [1,666](/filings/0001319161-26-000010.md) | [1,484](/filings/0001319161-26-000022.md) | [1,689](/filings/0001319161-26-000032.md) | [1,868 d](/filings/0001319161-25-000034.md) | [1,840](/filings/0001319161-26-000010.md) | [1,732](/filings/0001319161-26-000022.md) | [1,864](/filings/0001319161-26-000032.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [8.8% d](/filings/0001319161-25-000034.md) | [12.8%](/filings/0001319161-26-000010.md) | [11.3%](/filings/0001319161-26-000022.md) | [10.0%](/filings/0001319161-26-000032.md) | [7.7% d](/filings/0001319161-25-000034.md) | [15.7%](/filings/0001319161-26-000010.md) | [15.2%](/filings/0001319161-26-000022.md) | [16.4%](/filings/0001319161-26-000032.md) |
| Net margin | % | [2.5% d](/filings/0001319161-25-000034.md) | [14.2%](/filings/0001319161-26-000010.md) | [2.4%](/filings/0001319161-26-000022.md) | [(0.9%)](/filings/0001319161-26-000032.md) | [5.8% d](/filings/0001319161-25-000034.md) | [9.6%](/filings/0001319161-26-000010.md) | [10.6%](/filings/0001319161-26-000022.md) | [10.9%](/filings/0001319161-26-000032.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [271 d](/filings/0001319161-25-000034.md) | [296](/filings/0001319161-26-000010.md) | [33.0 d](/filings/0001319161-26-000022.md) | [7.0 d](/filings/0001319161-26-000032.md) | [203 d](/filings/0001319161-25-000034.md) | [420](/filings/0001319161-26-000010.md) | [99.0 d](/filings/0001319161-26-000022.md) | [114 d](/filings/0001319161-26-000032.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-09-30) | FY2022 (2022-09-30) | FY2023 (2023-09-30) | FY2024 (2024-09-30) | FY2025 (2025-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [5,301](/filings/0001319161-24-000010.md) | [5,919](/filings/0001319161-24-000039.md) | [6,037](/filings/0001319161-25-000034.md) | [6,426](/filings/0001319161-25-000034.md) | [6,707](/filings/0001319161-25-000034.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [11.5%](/filings/0001319161-24-000010.md) | [12.1%](/filings/0001319161-24-000039.md) | [13.1%](/filings/0001319161-25-000034.md) | [12.8%](/filings/0001319161-25-000034.md) | [10.3%](/filings/0001319161-25-000034.md) |
| Net margin | % | [5.7%](/filings/0001319161-23-000036.md) | [9.3%](/filings/0001319161-24-000039.md) | [7.1%](/filings/0001319161-25-000034.md) | [6.8%](/filings/0001319161-25-000034.md) | [5.4%](/filings/0001319161-25-000034.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [545](/filings/0001319161-23-000036.md) | [607](/filings/0001319161-24-000039.md) | [560](/filings/0001319161-25-000034.md) | [638](/filings/0001319161-25-000034.md) | [539](/filings/0001319161-25-000034.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wmg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Independent Franchise Partners LLP](/funds/1483866.md) | 2026-06-30 | $351.9m | 12,997,804 |  | Reduced −36,450 |
| [Darsana Capital Partners LP](/funds/1609098.md) | 2026-06-30 | $323.3m | 11,943,199 |  | Added +93,199 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $297.7m | 11,188,756 |  | Reduced −2,519,152 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $276.4m | 10,209,746 |  | Added +551,090 |
| [BARROW HANLEY MEWHINNEY & STRAUSS LLC](/funds/313028.md) | 2026-06-30 | $241.2m | 8,909,122 |  | Reduced −352,552 |
| [DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP](/funds/1854440.md) | 2026-06-30 | $181.5m | 6,705,884 |  | Reduced −846,000 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $168.4m | 6,221,543 |  | Reduced −17,135 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $159.3m | 5,885,298 |  | Reduced −7,601 |
| [FIL Ltd](/funds/318989.md) | 2026-06-30 | $157.7m | 5,827,313 |  | Reduced −44,512 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $134.7m | 4,977,489 |  | Added +3,296,931 |

## Recent filings

[All 775 filings](/companies/wmg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-25 | 21:00 ET | [8-K](/filings/0001193125-26-402955.md) | 1.01 Entry into a material agreement | 0001193125-26-402955 |
| 2026-09-22 | 21:00 ET | [8-K](/filings/0001193125-26-398095.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-398095 |
| 2026-09-04 | 20:05 ET | [8-K](/filings/0001193125-26-383641.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-383641 |
| 2026-08-05 | 20:05 ET | [10-Q](/filings/0001319161-26-000032.md) | Quarterly report, period 2026-06-30 | 0001319161-26-000032 |
| 2026-08-05 | 20:03 ET | [8-K](/filings/0001319161-26-000031.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001319161-26-000031 |
| 2026-08-03 | 12:35 ET | [8-K](/filings/0001193125-26-329621.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-329621 |
| 2026-07-31 | 21:00 ET | [8-K](/filings/0001193125-26-328811.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-328811 |
| 2026-05-07 | 20:12 ET | [10-Q](/filings/0001319161-26-000022.md) | Quarterly report, period 2026-03-31 | 0001319161-26-000022 |
| 2026-05-07 | 20:08 ET | [8-K](/filings/0001319161-26-000021.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001319161-26-000021 |
| 2026-03-11 | 20:05 ET | [8-K](/filings/0001193125-26-102112.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-102112 |

## Latest annual report

[Form 10-K for the fiscal year ended Sep 30, 2025](/filings/0001319161-25-000034.md), filed Nov 20, 2025.

## Forecast league

Q4 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/40b812af-d980-4ec7-8a9b-c4edccc696a9)

## About the filer

- CIK: 1319161
- Tickers: WMG
- Exchange: Nasdaq
- SIC code: 7900 Services-Amusement & Recreation Services
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:36 ET. No prices; not investment advice.