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Warner Music Group Corp.

EDGAR

WMG Quarterly report (10-Q) · filed 2026-08-05

Annual consolidated revenue for 2025: about USD 6.707B, using the latest reported figures. The previous period, 2024, was about USD 6.426B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

1.86 billion USD

2026 Q3 · USD

Exact inputs and evidence

Revenue: 1864000000 USD Source

Operating margin

16.36%

2026 Q3 · %

Exact inputs and evidence

Operating Income: 305000000 USD Source
Revenue: 1864000000 USD Source

Operating cash flow

142 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 708000000 USD Source
Operating Cash Flow: 566000000 USD Source

Free cash flow

114 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 708000000 USD Source
Operating Cash Flow: 566000000 USD Source
Capital Expenditure: 75000000 USD Source
Capital Expenditure: 47000000 USD Source

Cash and cash equivalents: 618 million USD 2026-06-30 Source
Exact value

618000000 USD
Long-term debt including current maturities: 4.71 billion USD 2026-06-30 Source
Exact value

4710000000 USD
Shares outstanding: 1.07 thousand shares 2019-12-31 Source
Exact value

1069 shares

Reported share-count change

1.62% · 17 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

1052 shares · 2018-12-31· Source
1069 shares · 2019-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

7.3 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 6707000000 USD · 2024-10-01 – 2025-09-30 Source
Revenue: 4839000000 USD · 2024-10-01 – 2025-06-30 Source
Revenue: 1840000000 USD · 2025-10-01 – 2025-12-31 Source
Revenue: 1732000000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 1864000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

672 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: 365000000 USD · 2024-10-01 – 2025-09-30 Source
Net income: 256000000 USD · 2024-10-01 – 2025-06-30 Source
Net income: 176000000 USD · 2025-10-01 – 2025-12-31 Source
Net income: 183000000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 204000000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

939 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 678000000 USD · 2024-10-01 – 2025-09-30 Source
Operating cash flow: 447000000 USD · 2024-10-01 – 2025-06-30 Source
Operating cash flow: 440000000 USD · 2025-10-01 – 2025-12-31 Source
Operating cash flow: 566000000 USD · 2025-10-01 – 2026-03-31 Source
Operating cash flow: 440000000 USD · 2025-10-01 – 2025-12-31 Source
Operating cash flow: 708000000 USD · 2025-10-01 – 2026-06-30 Source
Operating cash flow: 566000000 USD · 2025-10-01 – 2026-03-31 Source

Capital expenditure

103 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 139000000 USD · 2024-10-01 – 2025-09-30 Source
Capital expenditure: 111000000 USD · 2024-10-01 – 2025-06-30 Source
Capital expenditure: 20000000 USD · 2025-10-01 – 2025-12-31 Source
Capital expenditure: 47000000 USD · 2025-10-01 – 2026-03-31 Source
Capital expenditure: 20000000 USD · 2025-10-01 – 2025-12-31 Source
Capital expenditure: 75000000 USD · 2025-10-01 – 2026-06-30 Source
Capital expenditure: 47000000 USD · 2025-10-01 – 2026-03-31 Source

Free cash flow

836 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 678000000 USD · 2024-10-01 – 2025-09-30 Source
Operating cash flow: 447000000 USD · 2024-10-01 – 2025-06-30 Source
Operating cash flow: 440000000 USD · 2025-10-01 – 2025-12-31 Source
Operating cash flow: 566000000 USD · 2025-10-01 – 2026-03-31 Source
Operating cash flow: 440000000 USD · 2025-10-01 – 2025-12-31 Source
Operating cash flow: 708000000 USD · 2025-10-01 – 2026-06-30 Source
Operating cash flow: 566000000 USD · 2025-10-01 – 2026-03-31 Source
Capital expenditure: 139000000 USD · 2024-10-01 – 2025-09-30 Source
Capital expenditure: 111000000 USD · 2024-10-01 – 2025-06-30 Source
Capital expenditure: 20000000 USD · 2025-10-01 – 2025-12-31 Source
Capital expenditure: 47000000 USD · 2025-10-01 – 2026-03-31 Source
Capital expenditure: 20000000 USD · 2025-10-01 – 2025-12-31 Source
Capital expenditure: 75000000 USD · 2025-10-01 – 2026-06-30 Source
Capital expenditure: 47000000 USD · 2025-10-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-05.

Financial data available through: 2025-09-30.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-09-30
Operating income: 11 of 11 periods available· newest 2025-09-30
Net income: 11 of 11 periods available· newest 2025-09-30
Operating cash flow: 11 of 11 periods available· newest 2025-09-30
Capital expenditure: 4 of 11 periods available· newest 2025-09-30
Total assets: 11 of 11 periods available· newest 2025-09-30
Total liabilities: 11 of 11 periods available· newest 2025-09-30
Current assets: 11 of 11 periods available· newest 2025-09-30
Current liabilities: 11 of 11 periods available· newest 2025-09-30
Cash and cash equivalents: 11 of 11 periods available· newest 2025-09-30
Long-term debt including current maturities: 11 of 11 periods available· newest 2025-09-30
Shares outstanding: 5 of 11 periods available· newest 2019-09-30

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+4.4%

Prior period

USD 6.43 billion

2023-10-01 – 2024-09-30
Current period

USD 6.71 billion

2024-10-01 – 2025-09-30

Exact inputs and evidence

6707000000 − 6426000000 = 281000000 USD

6426000000 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
6707000000 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Year-over-year change in Revenue: 281000000 USD Concept: fundies:Revenue Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 6707000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#2405571 Filing: 000131916125000034 Input fundies:Revenue: 6426000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#2407489 Filing: 000131916125000034
The citation records this snapshot. The page link may show a newer release later.
Net income
-16.1%

Prior period

USD 435 million

2023-10-01 – 2024-09-30
Current period

USD 365 million

2024-10-01 – 2025-09-30

Exact inputs and evidence

365000000 − 435000000 = -70000000 USD

435000000 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
365000000 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Year-over-year change in Net income: -70000000 USD Concept: fundies:NetIncome Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 365000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1303185 Filing: 000131916125000034 Input fundies:NetIncome: 435000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1304008 Filing: 000131916125000034
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-10.1%

Prior period

USD 754 million

2023-10-01 – 2024-09-30
Current period

USD 678 million

2024-10-01 – 2025-09-30

Exact inputs and evidence

678000000 − 754000000 = -76000000 USD

754000000 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
678000000 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Year-over-year change in Operating cash flow: -76000000 USD Concept: fundies:OperatingCashFlow Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 678000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1386758 Filing: 000131916125000034 Input fundies:OperatingCashFlow: 754000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1387378 Filing: 000131916125000034
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+19.8%

Prior period

USD 116 million

2023-10-01 – 2024-09-30
Current period

USD 139 million

2024-10-01 – 2025-09-30

Exact inputs and evidence

139000000 − 116000000 = 23000000 USD

116000000 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
139000000 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Year-over-year change in Capital expenditure: 23000000 USD Concept: fundies:CapitalExpenditure Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 139000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1391384 Filing: 000131916125000034 Input fundies:CapitalExpenditure: 116000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1391942 Filing: 000131916125000034
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-10-01 – 2025-09-30

Revenue USD 6.71 billion 100% of revenue
Operating costs Derived USD 6.01 billion 90% of revenue
Operating income USD 694 million 10% of revenue
Tax, interest and other Derived USD 329 million 4.9% of revenue
Net income USD 365 million 5.4% of revenue

Cash

Operating cash flow USD 678 million 10% of revenue
Capital expenditure USD 139 million 2.1% of revenue
Free cash flow Derived USD 539 million 8% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 93%
2017 94%
2018 Net income was higher than operating income, so the split is not drawn.
2019 92%
2020 Operating loss: operating costs were 105% of revenue.
2021 89%
2022 9.3%88%
2023 87%
2024 87%
2025 90%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2015-10-01 – 2016-09-30	3246000000	3032000000 Derived	214000000	189000000 Derived	25000000	Unavailable	Source 2015-10-01 – 2016-09-30: 3246000000 USD Inspect Revenue Open source 2015-10-01 – 2016-09-30: 214000000 USD Inspect Operating Income Open source 2015-10-01 – 2016-09-30: 25000000 USD Inspect Net Income Open source 2015-10-01 – 2016-09-30: 342000000 USD Inspect Operating Cash Flow Open source
2017 2016-10-01 – 2017-09-30	3576000000	3354000000 Derived	222000000	79000000 Derived	143000000	Unavailable	Source 2016-10-01 – 2017-09-30: 3576000000 USD Inspect Revenue Open source 2016-10-01 – 2017-09-30: 222000000 USD Inspect Operating Income Open source 2016-10-01 – 2017-09-30: 143000000 USD Inspect Net Income Open source 2016-10-01 – 2017-09-30: 535000000 USD Inspect Operating Cash Flow Open source
2018 2017-10-01 – 2018-09-30	4005000000	3788000000 Derived	217000000	-90000000 Derived	307000000	Unavailable	Source 2017-10-01 – 2018-09-30: 4005000000 USD Inspect Revenue Open source 2017-10-01 – 2018-09-30: 217000000 USD Inspect Operating Income Open source 2017-10-01 – 2018-09-30: 307000000 USD Inspect Net Income Open source 2017-10-01 – 2018-09-30: 425000000 USD Inspect Operating Cash Flow Open source
2019 2018-10-01 – 2019-09-30	4475000000	4119000000 Derived	356000000	100000000 Derived	256000000	Unavailable	Source 2018-10-01 – 2019-09-30: 4475000000 USD Inspect Revenue Open source 2018-10-01 – 2019-09-30: 356000000 USD Inspect Operating Income Open source 2018-10-01 – 2019-09-30: 256000000 USD Inspect Net Income Open source 2018-10-01 – 2019-09-30: 400000000 USD Inspect Operating Cash Flow Open source
2020 2019-10-01 – 2020-09-30	4463000000	4692000000 Derived	-229000000	246000000 Derived	-475000000	Unavailable	Source 2019-10-01 – 2020-09-30: 4463000000 USD Inspect Revenue Open source 2019-10-01 – 2020-09-30: -229000000 USD Inspect Operating Income Open source 2019-10-01 – 2020-09-30: -475000000 USD Inspect Net Income Open source 2019-10-01 – 2020-09-30: 463000000 USD Inspect Operating Cash Flow Open source
2021 2020-10-01 – 2021-09-30	5301000000	4692000000 Derived	609000000	305000000 Derived	304000000	Unavailable	Source 2020-10-01 – 2021-09-30: 5301000000 USD Inspect Revenue Open source 2020-10-01 – 2021-09-30: 609000000 USD Inspect Operating Income Open source 2020-10-01 – 2021-09-30: 304000000 USD Inspect Net Income Open source 2020-10-01 – 2021-09-30: 638000000 USD Inspect Operating Cash Flow Open source
2022 2021-10-01 – 2022-09-30	5919000000	5205000000 Derived	714000000	163000000 Derived	551000000	607000000 Derived	Source 2021-10-01 – 2022-09-30: 5919000000 USD Inspect Revenue Open source 2021-10-01 – 2022-09-30: 714000000 USD Inspect Operating Income Open source 2021-10-01 – 2022-09-30: 551000000 USD Inspect Net Income Open source 2021-10-01 – 2022-09-30: 742000000 USD Inspect Operating Cash Flow Open source 2021-10-01 – 2022-09-30: 135000000 USD Inspect Capital Expenditure Open source
2023 2022-10-01 – 2023-09-30	6037000000	5247000000 Derived	790000000	360000000 Derived	430000000	560000000 Derived	Source 2022-10-01 – 2023-09-30: 6037000000 USD Inspect Revenue Open source 2022-10-01 – 2023-09-30: 790000000 USD Inspect Operating Income Open source 2022-10-01 – 2023-09-30: 430000000 USD Inspect Net Income Open source 2022-10-01 – 2023-09-30: 687000000 USD Inspect Operating Cash Flow Open source 2022-10-01 – 2023-09-30: 127000000 USD Inspect Capital Expenditure Open source
2024 2023-10-01 – 2024-09-30	6426000000	5603000000 Derived	823000000	388000000 Derived	435000000	638000000 Derived	Source 2023-10-01 – 2024-09-30: 6426000000 USD Inspect Revenue Open source 2023-10-01 – 2024-09-30: 823000000 USD Inspect Operating Income Open source 2023-10-01 – 2024-09-30: 435000000 USD Inspect Net Income Open source 2023-10-01 – 2024-09-30: 754000000 USD Inspect Operating Cash Flow Open source 2023-10-01 – 2024-09-30: 116000000 USD Inspect Capital Expenditure Open source
2025 2024-10-01 – 2025-09-30	6707000000	6013000000 Derived	694000000	329000000 Derived	365000000	539000000 Derived	Source 2024-10-01 – 2025-09-30: 6707000000 USD Inspect Revenue Open source 2024-10-01 – 2025-09-30: 694000000 USD Inspect Operating Income Open source 2024-10-01 – 2025-09-30: 365000000 USD Inspect Net Income Open source 2024-10-01 – 2025-09-30: 678000000 USD Inspect Operating Cash Flow Open source 2024-10-01 – 2025-09-30: 139000000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 6.7B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-09-30	Revenue	3246000000	Revenue: 3246000000 Open source
20172017-09-30	Revenue	3576000000	Revenue: 3576000000 Open source
20182018-09-30	Revenue	4005000000	Revenue: 4005000000 Open source
20192019-09-30	Revenue	4475000000	Revenue: 4475000000 Open source
20202020-09-30	Revenue	4463000000	Revenue: 4463000000 Open source
20212021-09-30	Revenue	5301000000	Revenue: 5301000000 Open source
20222022-09-30	Revenue	5919000000	Revenue: 5919000000 Open source
20232023-09-30	Revenue	6037000000	Revenue: 6037000000 Open source
20242024-09-30	Revenue	6426000000	Revenue: 6426000000 Open source
20252025-09-30	Revenue	6707000000	Revenue: 6707000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

4.4% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-09-30	Year over year	9.4%	Revenue: 3246000000 Open source Revenue: 2966000000 Open source
20172017-09-30	Year over year	10.2%	Revenue: 3576000000 Open source Revenue: 3246000000 Open source
20182018-09-30	Year over year	12%	Revenue: 4005000000 Open source Revenue: 3576000000 Open source
20192019-09-30	Year over year	11.7%	Revenue: 4475000000 Open source Revenue: 4005000000 Open source
20202020-09-30	Year over year	-0.3%	Revenue: 4463000000 Open source Revenue: 4475000000 Open source
20212021-09-30	Year over year	18.8%	Revenue: 5301000000 Open source Revenue: 4463000000 Open source
20222022-09-30	Year over year	11.7%	Revenue: 5919000000 Open source Revenue: 5301000000 Open source
20232023-09-30	Year over year	2%	Revenue: 6037000000 Open source Revenue: 5919000000 Open source
20242024-09-30	Year over year	6.4%	Revenue: 6426000000 Open source Revenue: 6037000000 Open source
20252025-09-30	Year over year	4.4%	Revenue: 6707000000 Open source Revenue: 6426000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 10.3% 2025

Net margin 5.4% 2025

Free cash flow margin 8% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-09-30	Operating margin	6.6%	Operating Income: 214000000 Open source Revenue: 3246000000 Open source
20172017-09-30	Operating margin	6.2%	Operating Income: 222000000 Open source Revenue: 3576000000 Open source
20182018-09-30	Operating margin	5.4%	Operating Income: 217000000 Open source Revenue: 4005000000 Open source
20192019-09-30	Operating margin	8%	Operating Income: 356000000 Open source Revenue: 4475000000 Open source
20202020-09-30	Operating margin	-5.1%	Operating Income: -229000000 Open source Revenue: 4463000000 Open source
20212021-09-30	Operating margin	11.5%	Operating Income: 609000000 Open source Revenue: 5301000000 Open source
20222022-09-30	Operating margin	12.1%	Operating Income: 714000000 Open source Revenue: 5919000000 Open source
20232023-09-30	Operating margin	13.1%	Operating Income: 790000000 Open source Revenue: 6037000000 Open source
20242024-09-30	Operating margin	12.8%	Operating Income: 823000000 Open source Revenue: 6426000000 Open source
20252025-09-30	Operating margin	10.3%	Operating Income: 694000000 Open source Revenue: 6707000000 Open source
20162016-09-30	Net margin	0.8%	Net Income: 25000000 Open source Revenue: 3246000000 Open source
20172017-09-30	Net margin	4%	Net Income: 143000000 Open source Revenue: 3576000000 Open source
20182018-09-30	Net margin	7.7%	Net Income: 307000000 Open source Revenue: 4005000000 Open source
20192019-09-30	Net margin	5.7%	Net Income: 256000000 Open source Revenue: 4475000000 Open source
20202020-09-30	Net margin	-10.6%	Net Income: -475000000 Open source Revenue: 4463000000 Open source
20212021-09-30	Net margin	5.7%	Net Income: 304000000 Open source Revenue: 5301000000 Open source
20222022-09-30	Net margin	9.3%	Net Income: 551000000 Open source Revenue: 5919000000 Open source
20232023-09-30	Net margin	7.1%	Net Income: 430000000 Open source Revenue: 6037000000 Open source
20242024-09-30	Net margin	6.8%	Net Income: 435000000 Open source Revenue: 6426000000 Open source
20252025-09-30	Net margin	5.4%	Net Income: 365000000 Open source Revenue: 6707000000 Open source
20162016-09-30	Free cash flow margin	Not reported	Revenue: 3246000000 Open source Operating Cash Flow: 342000000 Open source
20172017-09-30	Free cash flow margin	Not reported	Revenue: 3576000000 Open source Operating Cash Flow: 535000000 Open source
20182018-09-30	Free cash flow margin	Not reported	Revenue: 4005000000 Open source Operating Cash Flow: 425000000 Open source
20192019-09-30	Free cash flow margin	Not reported	Revenue: 4475000000 Open source Operating Cash Flow: 400000000 Open source
20202020-09-30	Free cash flow margin	Not reported	Revenue: 4463000000 Open source Operating Cash Flow: 463000000 Open source
20212021-09-30	Free cash flow margin	Not reported	Revenue: 5301000000 Open source Operating Cash Flow: 638000000 Open source
20222022-09-30	Free cash flow margin	10.3%	Revenue: 5919000000 Open source Operating Cash Flow: 742000000 Open source Capital Expenditure: 135000000 Open source
20232023-09-30	Free cash flow margin	9.3%	Revenue: 6037000000 Open source Operating Cash Flow: 687000000 Open source Capital Expenditure: 127000000 Open source
20242024-09-30	Free cash flow margin	9.9%	Revenue: 6426000000 Open source Operating Cash Flow: 754000000 Open source Capital Expenditure: 116000000 Open source
20252025-09-30	Free cash flow margin	8%	Revenue: 6707000000 Open source Operating Cash Flow: 678000000 Open source Capital Expenditure: 139000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 678M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-09-30	Operating cash flow	342000000	Operating Cash Flow: 342000000 Open source
20172017-09-30	Operating cash flow	535000000	Operating Cash Flow: 535000000 Open source
20182018-09-30	Operating cash flow	425000000	Operating Cash Flow: 425000000 Open source
20192019-09-30	Operating cash flow	400000000	Operating Cash Flow: 400000000 Open source
20202020-09-30	Operating cash flow	463000000	Operating Cash Flow: 463000000 Open source
20212021-09-30	Operating cash flow	638000000	Operating Cash Flow: 638000000 Open source
20222022-09-30	Operating cash flow	742000000	Operating Cash Flow: 742000000 Open source
20232023-09-30	Operating cash flow	687000000	Operating Cash Flow: 687000000 Open source
20242024-09-30	Operating cash flow	754000000	Operating Cash Flow: 754000000 Open source
20252025-09-30	Operating cash flow	678000000	Operating Cash Flow: 678000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 539M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-09-30	Free cash flow	Unavailable	Operating Cash Flow: 342000000 Open source
20172017-09-30	Free cash flow	Unavailable	Operating Cash Flow: 535000000 Open source
20182018-09-30	Free cash flow	Unavailable	Operating Cash Flow: 425000000 Open source
20192019-09-30	Free cash flow	Unavailable	Operating Cash Flow: 400000000 Open source
20202020-09-30	Free cash flow	Unavailable	Operating Cash Flow: 463000000 Open source
20212021-09-30	Free cash flow	Unavailable	Operating Cash Flow: 638000000 Open source
20222022-09-30	Free cash flow	607000000	Operating Cash Flow: 742000000 Open source Capital Expenditure: 135000000 Open source
20232023-09-30	Free cash flow	560000000	Operating Cash Flow: 687000000 Open source Capital Expenditure: 127000000 Open source
20242024-09-30	Free cash flow	638000000	Operating Cash Flow: 754000000 Open source Capital Expenditure: 116000000 Open source
20252025-09-30	Free cash flow	539000000	Operating Cash Flow: 678000000 Open source Capital Expenditure: 139000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

92.3% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-09-30	Liabilities / assets	96.1%	Total Liabilities: 5125000000 Open source Total Assets: 5335000000 Open source
20172017-09-30	Liabilities / assets	94.6%	Total Liabilities: 5410000000 Open source Total Assets: 5718000000 Open source
20182018-09-30	Liabilities / assets	106%	Total Liabilities: 5664000000 Open source Total Assets: 5344000000 Open source
20192019-09-30	Liabilities / assets	104.5%	Total Liabilities: 6286000000 Open source Total Assets: 6017000000 Open source
20202020-09-30	Liabilities / assets	100.7%	Total Liabilities: 6455000000 Open source Total Assets: 6410000000 Open source
20212021-09-30	Liabilities / assets	99.4%	Total Liabilities: 7165000000 Open source Total Assets: 7211000000 Open source
20222022-09-30	Liabilities / assets	97.9%	Total Liabilities: 7660000000 Open source Total Assets: 7828000000 Open source
20232023-09-30	Liabilities / assets	95%	Total Liabilities: 8115000000 Open source Total Assets: 8545000000 Open source
20242024-09-30	Liabilities / assets	92.6%	Total Liabilities: 8480000000 Open source Total Assets: 9155000000 Open source
20252025-09-30	Liabilities / assets	92.3%	Total Liabilities: 9072000000 Open source Total Assets: 9829000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.66× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-09-30	Current assets / current liabilities	0.49×	Current Assets: 908000000 Open source Current Liabilities: 1842000000 Open source
20172017-09-30	Current assets / current liabilities	0.61×	Current Assets: 1275000000 Open source Current Liabilities: 2100000000 Open source
20182018-09-30	Current assets / current liabilities	0.5×	Current Assets: 1176000000 Open source Current Liabilities: 2373000000 Open source
20192019-09-30	Current assets / current liabilities	0.6×	Current Assets: 1691000000 Open source Current Liabilities: 2819000000 Open source
20202020-09-30	Current assets / current liabilities	0.62×	Current Assets: 1678000000 Open source Current Liabilities: 2720000000 Open source
20212021-09-30	Current assets / current liabilities	0.6×	Current Assets: 1896000000 Open source Current Liabilities: 3150000000 Open source
20222022-09-30	Current assets / current liabilities	0.64×	Current Assets: 2139000000 Open source Current Liabilities: 3368000000 Open source
20232023-09-30	Current assets / current liabilities	0.68×	Current Assets: 2402000000 Open source Current Liabilities: 3539000000 Open source
20242024-09-30	Current assets / current liabilities	0.68×	Current Assets: 2643000000 Open source Current Liabilities: 3897000000 Open source
20252025-09-30	Current assets / current liabilities	0.66×	Current Assets: 2770000000 Open source Current Liabilities: 4201000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2015-10-01 – 2016-09-30	USD 25 million Exact value Exact value: 25000000 USD 2015-10-01 – 2016-09-30: 25000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2016-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 25000000 USD Concept: fundies:NetIncome Period: 2015-10-01 to 2016-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2016-09-30&surface=latest&period_type=duration&start=2015-10-01&unit=USD&dimensions= Input fundies:NetIncome: 25000000 USD (2015-10-01 to 2016-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000156459018031166/wmg-20180930.xml#277100 Filing: 000156459018031166 The citation records this snapshot. The page link may show a newer release later.	USD 342 million Exact value Exact value: 342000000 USD 2015-10-01 – 2016-09-30: 342000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2016-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 342000000 USD Concept: fundies:OperatingCashFlow Period: 2015-10-01 to 2016-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2016-09-30&surface=latest&period_type=duration&start=2015-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 342000000 USD (2015-10-01 to 2016-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000156459018031166/wmg-20180930.xml#291290 Filing: 000156459018031166 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2017 2016-10-01 – 2017-09-30	USD 143 million Exact value Exact value: 143000000 USD 2016-10-01 – 2017-09-30: 143000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2017-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 143000000 USD Concept: fundies:NetIncome Period: 2016-10-01 to 2017-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2017-09-30&surface=latest&period_type=duration&start=2016-10-01&unit=USD&dimensions= Input fundies:NetIncome: 143000000 USD (2016-10-01 to 2017-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000119312520026877/wmg-20191231.xml#452485 Filing: 000119312520026877 The citation records this snapshot. The page link may show a newer release later.	USD 535 million Exact value Exact value: 535000000 USD 2016-10-01 – 2017-09-30: 535000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2017-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 535000000 USD Concept: fundies:OperatingCashFlow Period: 2016-10-01 to 2017-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2017-09-30&surface=latest&period_type=duration&start=2016-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 535000000 USD (2016-10-01 to 2017-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000119312520026877/wmg-20191231.xml#461920 Filing: 000119312520026877 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2018 2017-10-01 – 2018-09-30	USD 307 million Exact value Exact value: 307000000 USD 2017-10-01 – 2018-09-30: 307000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2018-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 307000000 USD Concept: fundies:NetIncome Period: 2017-10-01 to 2018-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2018-09-30&surface=latest&period_type=duration&start=2017-10-01&unit=USD&dimensions= Input fundies:NetIncome: 307000000 USD (2017-10-01 to 2018-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916120000032/wmg-20200930.htm#1633375 Filing: 000131916120000032 The citation records this snapshot. The page link may show a newer release later.	USD 425 million Exact value Exact value: 425000000 USD 2017-10-01 – 2018-09-30: 425000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2018-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 425000000 USD Concept: fundies:OperatingCashFlow Period: 2017-10-01 to 2018-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2018-09-30&surface=latest&period_type=duration&start=2017-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 425000000 USD (2017-10-01 to 2018-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916120000032/wmg-20200930.htm#1745790 Filing: 000131916120000032 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2019 2018-10-01 – 2019-09-30	USD 256 million Exact value Exact value: 256000000 USD 2018-10-01 – 2019-09-30: 256000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2019-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 256000000 USD Concept: fundies:NetIncome Period: 2018-10-01 to 2019-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2019-09-30&surface=latest&period_type=duration&start=2018-10-01&unit=USD&dimensions= Input fundies:NetIncome: 256000000 USD (2018-10-01 to 2019-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916121000036/wmg-20210930.htm#1549849 Filing: 000131916121000036 The citation records this snapshot. The page link may show a newer release later.	USD 400 million Exact value Exact value: 400000000 USD 2018-10-01 – 2019-09-30: 400000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2019-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 400000000 USD Concept: fundies:OperatingCashFlow Period: 2018-10-01 to 2019-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2019-09-30&surface=latest&period_type=duration&start=2018-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 400000000 USD (2018-10-01 to 2019-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916121000036/wmg-20210930.htm#1669181 Filing: 000131916121000036 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2020 2019-10-01 – 2020-09-30	−USD 475 million Exact value Exact value: -475000000 USD 2019-10-01 – 2020-09-30: -475000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2020-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: -475000000 USD Concept: fundies:NetIncome Period: 2019-10-01 to 2020-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2020-09-30&surface=latest&period_type=duration&start=2019-10-01&unit=USD&dimensions= Input fundies:NetIncome: -475000000 USD (2019-10-01 to 2020-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916122000035/wmg-20220930.htm#1536747 Filing: 000131916122000035 The citation records this snapshot. The page link may show a newer release later.	USD 463 million Exact value Exact value: 463000000 USD 2019-10-01 – 2020-09-30: 463000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2020-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 463000000 USD Concept: fundies:OperatingCashFlow Period: 2019-10-01 to 2020-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2020-09-30&surface=latest&period_type=duration&start=2019-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 463000000 USD (2019-10-01 to 2020-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916122000035/wmg-20220930.htm#1656633 Filing: 000131916122000035 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2021 2020-10-01 – 2021-09-30	USD 304 million Exact value Exact value: 304000000 USD 2020-10-01 – 2021-09-30: 304000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2021-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 304000000 USD Concept: fundies:NetIncome Period: 2020-10-01 to 2021-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2021-09-30&surface=latest&period_type=duration&start=2020-10-01&unit=USD&dimensions= Input fundies:NetIncome: 304000000 USD (2020-10-01 to 2021-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000036/wmg-20230930.htm#1416111 Filing: 000131916123000036 The citation records this snapshot. The page link may show a newer release later.	USD 638 million Exact value Exact value: 638000000 USD 2020-10-01 – 2021-09-30: 638000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2021-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 638000000 USD Concept: fundies:OperatingCashFlow Period: 2020-10-01 to 2021-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2021-09-30&surface=latest&period_type=duration&start=2020-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 638000000 USD (2020-10-01 to 2021-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000036/wmg-20230930.htm#1495497 Filing: 000131916123000036 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2022 2021-10-01 – 2022-09-30	USD 551 million Exact value Exact value: 551000000 USD 2021-10-01 – 2022-09-30: 551000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2022-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 551000000 USD Concept: fundies:NetIncome Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2022-09-30&surface=latest&period_type=duration&start=2021-10-01&unit=USD&dimensions= Input fundies:NetIncome: 551000000 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916124000039/wmg-20240930.htm#1422489 Filing: 000131916124000039 The citation records this snapshot. The page link may show a newer release later.	USD 742 million Exact value Exact value: 742000000 USD 2021-10-01 – 2022-09-30: 742000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2022-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 742000000 USD Concept: fundies:OperatingCashFlow Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2022-09-30&surface=latest&period_type=duration&start=2021-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 742000000 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916124000039/wmg-20240930.htm#1506566 Filing: 000131916124000039 The citation records this snapshot. The page link may show a newer release later.	USD 135 million Exact value Exact value: 135000000 USD 2021-10-01 – 2022-09-30: 135000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Warner Music Group Corp. · 2022-09-30 Warner Music Group Corp. (edgar:1319161) Capital Expenditure: 135000000 USD Concept: fundies:CapitalExpenditure Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ACapitalExpenditure&period=2022-09-30&surface=latest&period_type=duration&start=2021-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 135000000 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916124000039/wmg-20240930.htm#1511113 Filing: 000131916124000039 The citation records this snapshot. The page link may show a newer release later.	USD 607 million Calculation and evidence 742000000 − 135000000 USD Exact free cash flow: 607000000 USD 2021-10-01 – 2022-09-30: 742000000 USD · Inspect Operating Cash Flow · Source 2021-10-01 – 2022-09-30: 135000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Warner Music Group Corp. · 2022-09-30 Warner Music Group Corp. (edgar:1319161) Free cash flow: 607000000 USD Concept: free-cash-flow Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 742000000 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916124000039/wmg-20240930.htm#1506566 Filing: 000131916124000039 Input fundies:CapitalExpenditure: 135000000 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916124000039/wmg-20240930.htm#1511113 Filing: 000131916124000039 The citation records this snapshot. The page link may show a newer release later.
2023 2022-10-01 – 2023-09-30	USD 430 million Exact value Exact value: 430000000 USD 2022-10-01 – 2023-09-30: 430000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2023-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 430000000 USD Concept: fundies:NetIncome Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2023-09-30&surface=latest&period_type=duration&start=2022-10-01&unit=USD&dimensions= Input fundies:NetIncome: 430000000 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1304832 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 687 million Exact value Exact value: 687000000 USD 2022-10-01 – 2023-09-30: 687000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2023-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 687000000 USD Concept: fundies:OperatingCashFlow Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2023-09-30&surface=latest&period_type=duration&start=2022-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 687000000 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1387999 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 127 million Exact value Exact value: 127000000 USD 2022-10-01 – 2023-09-30: 127000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Warner Music Group Corp. · 2023-09-30 Warner Music Group Corp. (edgar:1319161) Capital Expenditure: 127000000 USD Concept: fundies:CapitalExpenditure Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ACapitalExpenditure&period=2023-09-30&surface=latest&period_type=duration&start=2022-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 127000000 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1392501 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 560 million Calculation and evidence 687000000 − 127000000 USD Exact free cash flow: 560000000 USD 2022-10-01 – 2023-09-30: 687000000 USD · Inspect Operating Cash Flow · Source 2022-10-01 – 2023-09-30: 127000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Warner Music Group Corp. · 2023-09-30 Warner Music Group Corp. (edgar:1319161) Free cash flow: 560000000 USD Concept: free-cash-flow Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 687000000 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1387999 Filing: 000131916125000034 Input fundies:CapitalExpenditure: 127000000 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1392501 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.
2024 2023-10-01 – 2024-09-30	USD 435 million Exact value Exact value: 435000000 USD 2023-10-01 – 2024-09-30: 435000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2024-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 435000000 USD Concept: fundies:NetIncome Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2024-09-30&surface=latest&period_type=duration&start=2023-10-01&unit=USD&dimensions= Input fundies:NetIncome: 435000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1304008 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 754 million Exact value Exact value: 754000000 USD 2023-10-01 – 2024-09-30: 754000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2024-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 754000000 USD Concept: fundies:OperatingCashFlow Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2024-09-30&surface=latest&period_type=duration&start=2023-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 754000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1387378 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 116 million Exact value Exact value: 116000000 USD 2023-10-01 – 2024-09-30: 116000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Warner Music Group Corp. · 2024-09-30 Warner Music Group Corp. (edgar:1319161) Capital Expenditure: 116000000 USD Concept: fundies:CapitalExpenditure Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ACapitalExpenditure&period=2024-09-30&surface=latest&period_type=duration&start=2023-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 116000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1391942 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 638 million Calculation and evidence 754000000 − 116000000 USD Exact free cash flow: 638000000 USD 2023-10-01 – 2024-09-30: 754000000 USD · Inspect Operating Cash Flow · Source 2023-10-01 – 2024-09-30: 116000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Warner Music Group Corp. · 2024-09-30 Warner Music Group Corp. (edgar:1319161) Free cash flow: 638000000 USD Concept: free-cash-flow Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 754000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1387378 Filing: 000131916125000034 Input fundies:CapitalExpenditure: 116000000 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1391942 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.
2025 2024-10-01 – 2025-09-30	USD 365 million Exact value Exact value: 365000000 USD 2024-10-01 – 2025-09-30: 365000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Net Income: 365000000 USD Concept: fundies:NetIncome Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ANetIncome&period=2025-09-30&surface=latest&period_type=duration&start=2024-10-01&unit=USD&dimensions= Input fundies:NetIncome: 365000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1303185 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 678 million Exact value Exact value: 678000000 USD 2024-10-01 – 2025-09-30: 678000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Operating Cash Flow: 678000000 USD Concept: fundies:OperatingCashFlow Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3AOperatingCashFlow&period=2025-09-30&surface=latest&period_type=duration&start=2024-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 678000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1386758 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 139 million Exact value Exact value: 139000000 USD 2024-10-01 – 2025-09-30: 139000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Capital Expenditure: 139000000 USD Concept: fundies:CapitalExpenditure Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161/explain?concept=fundies%3ACapitalExpenditure&period=2025-09-30&surface=latest&period_type=duration&start=2024-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 139000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1391384 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.	USD 539 million Calculation and evidence 678000000 − 139000000 USD Exact free cash flow: 539000000 USD 2024-10-01 – 2025-09-30: 678000000 USD · Inspect Operating Cash Flow · Source 2024-10-01 – 2025-09-30: 139000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Warner Music Group Corp. · 2025-09-30 Warner Music Group Corp. (edgar:1319161) Free cash flow: 539000000 USD Concept: free-cash-flow Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T22:03:18Z Snapshot: 137d933a2265064f1e1a1ae42439b4f39044da3f414e37e83c5cb1c2e4154663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1319161?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 678000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1386758 Filing: 000131916125000034 Input fundies:CapitalExpenditure: 139000000 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000034/wmg-20250930.htm#1391384 Filing: 000131916125000034 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

99 filings · 11,874 latest values · 11,874 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001319161, 1319161, WMG, edgar:1319161, wmg

Also known as Warner Music Group Corp.

Warner Music Group Corp.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2024-10-01 – 2025-09-30

Cash

Share of revenue by period

Growth

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Balance sheet

Cash generation