Warner Music Group annual free cash flow
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2025
Warner Music Group Free Cash Flow (FCF) History (WMG)
Warner Music Group reported $539.0M in free cash flow for fiscal 2025, a decrease of 15.52% from the previous fiscal year, with a free cash flow margin of 8.04%.
View full Warner Music Group company overviewWarner Music Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-09-30 | $539.0M | −$99.0M | −15.52% | +8.04% |
| 2024 | 2024-09-30 | $638.0M | $78.0M | +13.93% | +9.93% |
| 2023 | 2023-09-30 | $560.0M | −$47.0M | −7.74% | +9.28% |
| 2022 | 2022-09-30 | $607.0M | $62.0M | +11.38% | +10.26% |
| 2021 | 2021-09-30 | $545.0M | $167.0M | +44.18% | +10.28% |
| 2020 | 2020-09-30 | $378.0M | $82.0M | +27.70% | +8.47% |
| 2019 | 2019-09-30 | $296.0M | −$55.0M | −15.67% | +6.61% |
| 2018 | 2018-09-30 | $351.0M | −$140.0M | −28.51% | +8.76% |
| 2017 | 2017-09-30 | $491.0M | $191.0M | +63.67% | +13.73% |
| 2016 | 2016-09-30 | $300.0M | $141.0M | +88.68% | +9.24% |
| 2015 | 2015-09-30 | $159.0M | $105.0M | +194.44% | +5.36% |
| 2014 | 2014-09-30 | $54.0M | −$71.0M | −56.80% | +1.78% |
| 2013 | 2013-09-30 | $125.0M | −$52.0M | −29.38% | +4.35% |
| 2012 | 2012-09-30 | $177.0M | $78.0M | +78.79% | +6.37% |
| 2010 | 2010-09-30 | $99.0M | — | — | +3.31% |
Warner Music Group quarterly free cash flow
Q1.12
Q2.12
Q3.12
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Q2.14
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Q2.19
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Q1.24
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Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $114.0M | $107.0M | +1528.57% | +6.12% |
| Q2 2026 | 2026-03-31 | $99.0M | $66.0M | +200.00% | +5.72% |
| Q1 2026 | 2025-12-31 | $420.0M | $124.0M | +41.89% | +22.83% |
| Q4 2025 | 2025-09-30 | $203.0M | −$68.0M | −25.09% | +10.87% |
| Q3 2025 | 2025-06-30 | $7.0M | −$153.0M | −95.63% | +0.41% |
| Q2 2025 | 2025-03-31 | $33.0M | $90.0M | — | +2.22% |
| Q1 2025 | 2024-12-31 | $296.0M | $32.0M | +12.12% | +17.77% |
| Q4 2024 | 2024-09-30 | $271.0M | −$29.0M | −9.67% | +16.63% |
| Q3 2024 | 2024-06-30 | $160.0M | $47.0M | +41.59% | +10.30% |
| Q2 2024 | 2024-03-31 | −$57.0M | −$16.0M | — | −3.82% |
| Q1 2024 | 2023-12-31 | $264.0M | $76.0M | +40.43% | +15.10% |
| Q4 2023 | 2023-09-30 | $300.0M | −$68.0M | −18.48% | +18.92% |
| Q3 2023 | 2023-06-30 | $113.0M | −$15.0M | −11.72% | +7.23% |
| Q2 2023 | 2023-03-31 | −$41.0M | −$57.0M | — | −2.93% |
| Q1 2023 | 2022-12-31 | $188.0M | $93.0M | +97.89% | +12.63% |
| Q4 2022 | 2022-09-30 | $368.0M | $175.0M | +90.67% | +24.58% |
| Q3 2022 | 2022-06-30 | $128.0M | $57.0M | +80.28% | +8.94% |
| Q2 2022 | 2022-03-31 | $16.0M | −$114.0M | −87.69% | +1.16% |
| Q1 2022 | 2021-12-31 | $95.0M | −$56.0M | −37.09% | +5.89% |
| Q4 2021 | 2021-09-30 | $193.0M | $54.0M | +38.85% | +14.03% |
| Q3 2021 | 2021-06-30 | $71.0M | −$32.0M | −31.07% | +5.30% |
| Q2 2021 | 2021-03-31 | $130.0M | $57.0M | +78.08% | +10.40% |
| Q1 2021 | 2020-12-31 | $151.0M | $88.0M | +139.68% | +11.31% |
| Q4 2020 | 2020-09-30 | $139.0M | $10.0M | +7.75% | +12.34% |
| Q3 2020 | 2020-06-30 | $103.0M | −$24.0M | −18.90% | +10.20% |
| Q2 2020 | 2020-03-31 | $73.0M | $99.0M | — | +6.82% |
| Q1 2020 | 2019-12-31 | $63.0M | −$3.0M | −4.55% | +5.02% |
| Q4 2019 | 2019-09-30 | $129.0M | $3.0M | +2.38% | +11.48% |
| Q3 2019 | 2019-06-30 | $127.0M | $9.0M | +7.63% | +12.00% |
| Q2 2019 | 2019-03-31 | −$26.0M | −$13.0M | — | −2.39% |
| Q1 2019 | 2018-12-31 | $66.0M | −$54.0M | −45.00% | +5.49% |
| Q4 2018 | 2018-09-30 | $126.0M | −$85.0M | −40.28% | +12.13% |
| Q3 2018 | 2018-06-30 | $118.0M | $46.0M | +63.89% | +12.32% |
| Q2 2018 | 2018-03-31 | −$13.0M | −$73.0M | — | −1.35% |
| Q1 2018 | 2017-12-31 | $120.0M | −$28.0M | −18.92% | +11.48% |
| Q4 2017 | 2017-09-30 | $211.0M | $87.0M | +70.16% | +23.01% |
| Q3 2017 | 2017-06-30 | $72.0M | $45.0M | +166.67% | +7.85% |
| Q2 2017 | 2017-03-31 | $60.0M | −$38.0M | −38.78% | +7.27% |
| Q1 2017 | 2016-12-31 | $148.0M | $97.0M | +190.20% | +16.14% |
| Q4 2016 | 2016-09-30 | $124.0M | $32.0M | +34.78% | +14.74% |
| Q3 2016 | 2016-06-30 | $27.0M | $63.0M | — | +3.33% |
| Q2 2016 | 2016-03-31 | $98.0M | $6.0M | +6.52% | +13.15% |
| Q1 2016 | 2015-12-31 | $51.0M | $40.0M | +363.64% | +6.01% |
| Q4 2015 | 2015-09-30 | $92.0M | $33.0M | +55.93% | +12.27% |
| Q3 2015 | 2015-06-30 | −$36.0M | $18.0M | — | −5.07% |
| Q2 2015 | 2015-03-31 | $92.0M | −$21.0M | −18.58% | +13.59% |
| Q1 2015 | 2014-12-31 | $11.0M | $75.0M | — | +1.33% |
| Q4 2014 | 2014-09-30 | $59.0M | $58.0M | +5800.00% | +7.65% |
| Q3 2014 | 2014-06-30 | −$54.0M | −$66.0M | — | −6.85% |
| Q2 2014 | 2014-03-31 | $113.0M | −$16.0M | −12.40% | +17.30% |
| Q1 2014 | 2013-12-31 | −$64.0M | −$47.0M | — | −7.85% |
| Q4 2013 | 2013-09-30 | $1.0M | −$93.0M | −98.94% | +0.13% |
| Q3 2013 | 2013-06-30 | $12.0M | $62.0M | — | +1.81% |
| Q2 2013 | 2013-03-31 | $129.0M | $15.0M | +13.16% | +19.11% |
| Q1 2013 | 2012-12-31 | −$17.0M | −$36.0M | — | −2.21% |
| Q4 2012 | 2012-09-30 | $94.0M | — | — | +12.86% |
| Q3 2012 | 2012-06-30 | −$50.0M | — | — | −7.68% |
| Q2 2012 | 2012-03-31 | $114.0M | — | — | +18.30% |
| Q1 2012 | 2011-12-31 | $19.0M | — | — | +2.45% |
Warner Music Group free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $378.0M to $539.0M, a compound annual growth rate of 7.35%. Warner Music Group's latest reported quarter, Q3 2026, generated $114.0M in free cash flow, an increase of 1528.57% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Warner Music Group filings at SEC.gov ↗