Warner Music Group annual operating margin
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2025
Warner Music Group Operating Margin Growth & History (WMG)
Warner Music Group's operating margin was 10.35% for fiscal 2025.
View full Warner Music Group company overviewWarner Music Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 10.35% | −2.46 pp |
| 2024 | 2024-09-30 | 12.81% | −0.28 pp |
| 2023 | 2023-09-30 | 13.09% | +1.02 pp |
| 2022 | 2022-09-30 | 12.06% | +0.57 pp |
| 2021 | 2021-09-30 | 11.49% | +16.62 pp |
| 2020 | 2020-09-30 | −5.13% | −13.09 pp |
| 2019 | 2019-09-30 | 7.96% | +2.54 pp |
| 2018 | 2018-09-30 | 5.42% | −0.79 pp |
| 2017 | 2017-09-30 | 6.21% | −0.38 pp |
| 2016 | 2016-09-30 | 6.59% | +2.31 pp |
| 2015 | 2015-09-30 | 4.28% | +3.65 pp |
| 2014 | 2014-09-30 | 0.63% | −1.98 pp |
| 2013 | 2013-09-30 | 2.61% | −1.31 pp |
| 2012 | 2012-09-30 | 3.92% | +0.91 pp |
| 2010 | 2010-09-30 | 3.01% | — |
Warner Music Group quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 16.36% | +6.36 pp |
| Q2 2026 | 2026-03-31 | 15.24% | +3.92 pp |
| Q1 2026 | 2025-12-31 | 15.65% | +2.81 pp |
| Q4 2025 | 2025-09-30 | 7.66% | −1.12 pp |
| Q3 2025 | 2025-06-30 | 10.01% | −3.31 pp |
| Q2 2025 | 2025-03-31 | 11.32% | +3.36 pp |
| Q1 2025 | 2024-12-31 | 12.85% | −7.41 pp |
| Q4 2024 | 2024-09-30 | 8.77% | −4.59 pp |
| Q3 2024 | 2024-06-30 | 13.32% | +1.24 pp |
| Q2 2024 | 2024-03-31 | 7.97% | −0.90 pp |
| Q1 2024 | 2023-12-31 | 20.25% | +2.44 pp |
| Q4 2023 | 2023-09-30 | 13.37% | +2.48 pp |
| Q3 2023 | 2023-06-30 | 12.08% | +1.89 pp |
| Q2 2023 | 2023-03-31 | 8.86% | −3.20 pp |
| Q1 2023 | 2022-12-31 | 17.81% | +3.00 pp |
| Q4 2022 | 2022-09-30 | 10.89% | +3.62 pp |
| Q3 2022 | 2022-06-30 | 10.20% | −1.89 pp |
| Q2 2022 | 2022-03-31 | 12.06% | −0.02 pp |
| Q1 2022 | 2021-12-31 | 14.81% | +0.13 pp |
| Q4 2021 | 2021-09-30 | 7.27% | −0.55 pp |
| Q3 2021 | 2021-06-30 | 12.09% | +54.96 pp |
| Q2 2021 | 2021-03-31 | 12.08% | +16.66 pp |
| Q1 2021 | 2020-12-31 | 14.68% | +1.54 pp |
| Q4 2020 | 2020-09-30 | 7.82% | +5.24 pp |
| Q3 2020 | 2020-06-30 | −42.87% | −48.35 pp |
| Q2 2020 | 2020-03-31 | −4.58% | −15.77 pp |
| Q1 2020 | 2019-12-31 | 13.14% | +0.92 pp |
| Q4 2019 | 2019-09-30 | 2.58% | +1.04 pp |
| Q3 2019 | 2019-06-30 | 5.48% | +2.56 pp |
| Q2 2019 | 2019-03-31 | 11.19% | +2.57 pp |
| Q1 2019 | 2018-12-31 | 12.22% | +3.61 pp |
| Q4 2018 | 2018-09-30 | 1.54% | +1.65 pp |
| Q3 2018 | 2018-06-30 | 2.92% | −2.64 pp |
| Q2 2018 | 2018-03-31 | 8.62% | −0.84 pp |
| Q1 2018 | 2017-12-31 | 8.61% | −1.64 pp |
| Q4 2017 | 2017-09-30 | −0.11% | −6.65 pp |
| Q3 2017 | 2017-06-30 | 5.56% | +0.01 pp |
| Q2 2017 | 2017-03-31 | 9.45% | +2.47 pp |
| Q1 2017 | 2016-12-31 | 10.25% | +2.95 pp |
| Q4 2016 | 2016-09-30 | 6.54% | +1.61 pp |
| Q3 2016 | 2016-06-30 | 5.55% | +2.31 pp |
| Q2 2016 | 2016-03-31 | 6.98% | +0.48 pp |
| Q1 2016 | 2015-12-31 | 7.30% | +4.53 pp |
| Q4 2015 | 2015-09-30 | 4.93% | +1.82 pp |
| Q3 2015 | 2015-06-30 | 3.24% | +5.14 pp |
| Q2 2015 | 2015-03-31 | 6.50% | +7.26 pp |
| Q1 2015 | 2014-12-31 | 2.77% | +0.93 pp |
| Q4 2014 | 2014-09-30 | 3.11% | +8.48 pp |
| Q3 2014 | 2014-06-30 | −1.90% | −3.11 pp |
| Q2 2014 | 2014-03-31 | −0.77% | −9.21 pp |
| Q1 2014 | 2013-12-31 | 1.84% | −4.79 pp |
| Q4 2013 | 2013-09-30 | −5.37% | −10.98 pp |
| Q3 2013 | 2013-06-30 | 1.21% | +0.13 pp |
| Q2 2013 | 2013-03-31 | 8.44% | +4.91 pp |
| Q1 2013 | 2012-12-31 | 6.63% | +1.60 pp |
| Q4 2012 | 2012-09-30 | 5.61% | +4.16 pp |
| Q3 2012 | 2012-06-30 | 1.08% | +1.23 pp |
| Q2 2012 | 2012-03-31 | 3.53% | — |
| Q1 2012 | 2011-12-31 | 5.03% | — |
| Q3 2011 | 2011-06-30 | 1.45% | — |
| Q3 2010 | 2010-06-30 | −0.15% | — |
Warner Music Group operating margin trends
Over the last five reported fiscal years, Warner Music Group's operating margin increased from −5.13% to 10.35%, a change of +15.48 percentage points. The latest reported quarter, Q3 2026, shows 16.36%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review Warner Music Group filings at SEC.gov ↗