Warner Music Group annual gross margin
2010
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2025
Warner Music Group Gross Margin Growth & History (WMG)
Warner Music Group's gross margin was 45.85% for fiscal 2025.
View full Warner Music Group company overviewWarner Music Group annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 45.85% | −1.94 pp |
| 2024 | 2024-09-30 | 47.79% | +0.42 pp |
| 2023 | 2023-09-30 | 47.37% | −0.59 pp |
| 2022 | 2022-09-30 | 47.96% | −0.31 pp |
| 2021 | 2021-09-30 | 48.27% | +0.55 pp |
| 2020 | 2020-09-30 | 47.73% | +1.38 pp |
| 2019 | 2019-09-30 | 46.35% | +0.55 pp |
| 2018 | 2018-09-30 | 45.79% | −0.21 pp |
| 2017 | 2017-09-30 | 46.00% | −1.41 pp |
| 2016 | 2016-09-30 | 47.41% | −1.64 pp |
| 2015 | 2015-09-30 | 49.06% | +0.92 pp |
| 2014 | 2014-09-30 | 48.13% | +0.10 pp |
| 2013 | 2013-09-30 | 48.03% | +0.37 pp |
| 2012 | 2012-09-30 | 47.66% | — |
| 2010 | 2010-09-30 | 46.99% | — |
Warner Music Group quarterly gross margin
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Q3.11
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Q3.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 45.82% | −0.13 pp |
| Q2 2026 | 2026-03-31 | 46.30% | −0.39 pp |
| Q1 2026 | 2025-12-31 | 46.36% | +0.02 pp |
| Q4 2025 | 2025-09-30 | 44.65% | −2.96 pp |
| Q3 2025 | 2025-06-30 | 45.94% | −0.65 pp |
| Q2 2025 | 2025-03-31 | 46.70% | −0.36 pp |
| Q1 2025 | 2024-12-31 | 46.34% | −3.32 pp |
| Q4 2024 | 2024-09-30 | 47.61% | +0.89 pp |
| Q3 2024 | 2024-06-30 | 46.59% | +0.94 pp |
| Q2 2024 | 2024-03-31 | 47.05% | −1.41 pp |
| Q1 2024 | 2023-12-31 | 49.66% | +0.80 pp |
| Q4 2023 | 2023-09-30 | 46.72% | +0.09 pp |
| Q3 2023 | 2023-06-30 | 45.65% | −0.86 pp |
| Q2 2023 | 2023-03-31 | 48.46% | −0.88 pp |
| Q1 2023 | 2022-12-31 | 48.86% | −0.46 pp |
| Q4 2022 | 2022-09-30 | 46.63% | +1.28 pp |
| Q3 2022 | 2022-06-30 | 46.51% | −2.67 pp |
| Q2 2022 | 2022-03-31 | 49.35% | −0.81 pp |
| Q1 2022 | 2021-12-31 | 49.32% | +0.70 pp |
| Q4 2021 | 2021-09-30 | 45.35% | −0.83 pp |
| Q3 2021 | 2021-06-30 | 49.18% | +1.36 pp |
| Q2 2021 | 2021-03-31 | 50.16% | +0.11 pp |
| Q1 2021 | 2020-12-31 | 48.61% | +1.56 pp |
| Q4 2020 | 2020-09-30 | 46.18% | +3.03 pp |
| Q3 2020 | 2020-06-30 | 47.82% | +2.36 pp |
| Q2 2020 | 2020-03-31 | 50.05% | +1.33 pp |
| Q1 2020 | 2019-12-31 | 47.05% | −0.91 pp |
| Q4 2019 | 2019-09-30 | 43.15% | −0.74 pp |
| Q3 2019 | 2019-06-30 | 45.46% | +0.89 pp |
| Q2 2019 | 2019-03-31 | 48.72% | −0.61 pp |
| Q1 2019 | 2018-12-31 | 47.96% | +2.41 pp |
| Q4 2018 | 2018-09-30 | 43.89% | −1.48 pp |
| Q3 2018 | 2018-06-30 | 44.57% | +1.17 pp |
| Q2 2018 | 2018-03-31 | 49.33% | −0.37 pp |
| Q1 2018 | 2017-12-31 | 45.55% | −0.36 pp |
| Q4 2017 | 2017-09-30 | 45.37% | −2.79 pp |
| Q3 2017 | 2017-06-30 | 43.40% | −1.36 pp |
| Q2 2017 | 2017-03-31 | 49.70% | −0.10 pp |
| Q1 2017 | 2016-12-31 | 45.91% | −1.20 pp |
| Q4 2016 | 2016-09-30 | 48.16% | −1.84 pp |
| Q3 2016 | 2016-06-30 | 44.76% | −2.71 pp |
| Q2 2016 | 2016-03-31 | 49.80% | −3.23 pp |
| Q1 2016 | 2015-12-31 | 47.11% | +0.79 pp |
| Q4 2015 | 2015-09-30 | 50.00% | +0.97 pp |
| Q3 2015 | 2015-06-30 | 47.46% | +0.38 pp |
| Q2 2015 | 2015-03-31 | 53.03% | +1.88 pp |
| Q1 2015 | 2014-12-31 | 46.32% | +0.43 pp |
| Q4 2014 | 2014-09-30 | 49.03% | −0.06 pp |
| Q3 2014 | 2014-06-30 | 47.08% | +2.74 pp |
| Q2 2014 | 2014-03-31 | 51.15% | −0.41 pp |
| Q1 2014 | 2013-12-31 | 45.89% | −1.18 pp |
| Q4 2013 | 2013-09-30 | 49.08% | −1.12 pp |
| Q3 2013 | 2013-06-30 | 44.34% | −1.43 pp |
| Q2 2013 | 2013-03-31 | 51.56% | +2.60 pp |
| Q1 2013 | 2012-12-31 | 47.07% | +1.27 pp |
| Q4 2012 | 2012-09-30 | 50.21% | +2.00 pp |
| Q3 2012 | 2012-06-30 | 45.78% | +1.01 pp |
| Q2 2012 | 2012-03-31 | 48.96% | — |
| Q1 2012 | 2011-12-31 | 45.81% | — |
| Q3 2011 · Sep 30 | 2011-09-30 | 48.20% | — |
| Q3 2011 · Jun 30 | 2011-06-30 | 44.77% | −1.09 pp |
| Q3 2010 | 2010-06-30 | 45.86% | — |
Warner Music Group gross margin trends
Over the last five fiscal years, Warner Music Group's gross margin decreased from 47.73% to 45.85%, a change of −1.88 percentage points. The latest reported quarter, Q3 2026, shows 45.82%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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