WMG · XBRL financial data
Warner Music Group financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (WMG's year ends in late September)
| In millions of dollars | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 4,463 | — | — | — | — | — |
| Revenue from contracts with customers | 4,463 | 5,301 | 5,919 | 6,037 | 6,426 | 6,707 |
| Cost of revenue | — | — | — | 3,177 | 3,355 | 3,632 |
| Cost of goods and services sold | 2,333 | 2,742 | 3,080 | 3,177 | 3,355 | 3,632 |
| Selling, general and administrative | 2,169 | 1,721 | 1,862 | 1,826 | 1,879 | 1,889 |
| General and administrative | — | — | — | 991 | 1,089 | 1,135 |
| Operating income (loss) | (229) | 609 | 714 | 790 | 823 | 694 |
| Interest expense | — | 119 | 125 | 157 | 182 | 177 |
| Other income (expense) | (57) | (9) | 151 | (36) | (61) | (42) |
| Income tax expense (benefit) | 23 | 149 | 185 | 170 | 123 | 120 |
| Net income (loss) | (475) | 304 | 551 | 430 | 435 | 365 |
Balance sheet
CSVFiscal years (WMG's year ends in late September)
| In millions of dollars | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 553 | 499 | 584 | 641 | 694 | 532 |
| Accounts receivable | 771 | 839 | 984 | 1,120 | 1,255 | 1,340 |
| Inventory | 79 | 99 | 108 | 126 | 99 | 62 |
| Prepaid and other current assets | 55 | 86 | 91 | 102 | 125 | 166 |
| Total current assets | 1,678 | 1,896 | 2,139 | 2,402 | 2,643 | 2,770 |
| Property and equipment, net | 331 | 364 | 415 | 458 | 481 | 441 |
| Right-of-use asset | 273 | 268 | 226 | 245 | 225 | 189 |
| Goodwill | 1,831 | 1,830 | 1,920 | 1,993 | 2,021 | 2,061 |
| Total assets | 6,410 | 7,211 | 7,828 | 8,545 | 9,155 | 9,829 |
| Accounts payable | 264 | 302 | 268 | 300 | 289 | 257 |
| Accrued liabilities | 382 | 461 | 457 | 533 | 641 | 666 |
| Total current liabilities | 2,720 | 3,150 | 3,368 | 3,539 | 3,897 | 4,201 |
| Long-term debt | 3,104 | 3,346 | 3,732 | 3,964 | 4,014 | 4,063 |
| Lease liability, non-current | 299 | 287 | 241 | 255 | 228 | 200 |
| Total liabilities | 6,455 | 7,165 | 7,660 | 8,115 | 8,480 | 9,072 |
| Accumulated deficit | (1,749) | (1,710) | (1,477) | (1,387) | (1,313) | (1,331) |
| Total stockholders' equity | (63) | 31 | 152 | 307 | 518 | 647 |
| Total liabilities and equity | 6,410 | 7,211 | 7,828 | 8,545 | 9,155 | 9,829 |
Cash flows
CSVFiscal years (WMG's year ends in late September)
| In millions of dollars | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (475) | 304 | 551 | 430 | 435 | 365 |
| Stock-based compensation | 608 | 45 | 39 | 49 | — | — |
| Depreciation and amortization | 261 | 306 | 339 | 332 | 327 | 376 |
| Net cash from operating activities | 463 | 638 | 742 | 687 | 754 | 678 |
| Purchases of property and equipment | — | — | 135 | 127 | 116 | 139 |
| Net cash from investing activities | (219) | (638) | (824) | (300) | (311) | (340) |
| Share repurchases | — | — | — | 0 | 0 | 16 |
| Dividends paid | 344 | 265 | 318 | 340 | 361 | 383 |
| Net cash from financing activities | (316) | (61) | 188 | (325) | (396) | (497) |
| Net change in cash | (66) | (54) | 85 | 57 | 53 | (162) |
Compare with peers
SIC 7900 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7900 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Warner Music Group | 618 | 1,864 | 142* | not reported | — | 10-QJun 30, 2026 |
| Six Flags Entertainment | 135 | 865 | 236* | 102.3M | — | 10-QJun 28, 2026 |
| Atlanta Braves Holdings | 122 | 325 | (64)* | not reported | 5.6 quarters | 10-QSep 30, 2026 |
| TKO Group Holdings | 592 | 1,547 | 374* | not reported | — | 10-QJun 30, 2026 |
| Sphere Entertainment | 551 | 314 | (34)* | not reported | 16.4 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.