Warner Music Group Corp. (WMG)
About Warner Music Group Corp.
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
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Financial summary
- Revenue FY2025
- $6.7B
- Net income
- $365.0M
- Total assets
- $9.8B
- Market cap
- $15.6B
- Gross margin
- 45.8%
- Operating margin
- 10.3%
- Net margin
- 5.5%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $6.7B
- Cost of revenue
- $3.6B
- Gross profit
- $3.1B
- Operating expenses
- $2.4B
- Operating income
- $694.0M
- Income tax
- $120.0M
- Net income
- $370.0M
Balance sheet
- Total assets
- $9.8B
- Current assets
- $2.8B
- Total liabilities
- $9.1B
- Current liabilities
- $4.2B
- Shareholders’ equity
- $757.0M
Cash flow
- Operating cash flow
- $678.0M
- Investing cash flow
- -$340.0M
- Financing cash flow
- -$497.0M
- Net cash flow
- -$159.0M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $15.6B
- Dividend yield
- 2.86%
- Shares outstanding
- 588.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jun 3, 2020
Warner Music Group Corp. (WMG) Stock Price
- Profitable — net income of $365.0M in FY2025.
- Revenue grew 50% from FY2020 to FY2025.
- Gross margin of 45.8%, net margin 5.5%.
- Trading 24% below its 52-week high.
- Pays a dividend yielding about 2.86% annually.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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News about Warner Music Group Corp.
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Warner Music Group Corp.: frequently asked questions
Is Warner Music Group Corp. an American company?
Warner Music Group Corp. is a US-based company headquartered in New York, New York, listed in the americancompanies.com directory of American companies. Its American-origin credentials have not yet been independently verified.
Where is Warner Music Group Corp. headquartered?
Warner Music Group Corp. is headquartered in New York, New York, United States.
Is Warner Music Group Corp. publicly traded?
Yes — Warner Music Group Corp. is a publicly traded company. Its stock trades under the ticker symbol WMG on the NASDAQ.
