Warner Music Group Corp.: stock overview

WMGNASDAQCommunication services · Services-Amusement & Recreation Services

Price

$32.30

November 13, 2026Market cap $16.9B

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  • The full history: 15 fiscal years, from FY2010
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The share price has risen 24% since Aug 5, 2026, when the 10-Q these figures come from was filed ($26.00 then, $32.30 on Nov 13, 2026). The figures date from before that move.10-Q
  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

Warner Music had revenue of $7.3B over the last 12 months and net income of $672M, a net margin of 9.2%. Revenue grew by 8.5% a year on average over the last 5 years. At $32.30 the shares trade at a P/E of 25.1. It has net debt of $4.1B. It pays a dividend yielding 2.38%.

From its SEC filings (latest fiscal year to September 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$16.9B
523M shares
P/E
25.1
Revenue, 12 months
$7.3B
+8.5% a year over 5 years
Net margin
9.2%
FY2025: 5.4%, above 69% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+5.4% a year over 2 years

  • FY2025Sep 30, 202510-K
    Revenue$6.7B
  • FY2024Sep 30, 202410-K
    Revenue$6.4B
  • FY2023Sep 30, 202310-K
    Revenue$6.0B

Fiscal years in figures

WMG's revenue, profit, cash flow and dividend with each year-end price, from FY2010 to FY2022, 12 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 
$16.9B
Enterprise value 
$21.0B
P/E 
25.1
EV / EBIT 
21.0
EV / Revenue 
2.9
P/B 
19.8
FCF yield 
5.0%
Earnings yield 
4.0%

Profitability

Gross margin 
45.8%
Operating margin 
13.7%
Net margin 3-year median: 6.8%
9.2%
ROIC 
15.0%
ROIC, 5-year average 
13.9%
ROE 
94.7%

Growth

Revenue, yearly change 
+4.4%
EPS, yearly change 
–
FCF, yearly change 
-15.5%
Revenue, average a year 
+8.5%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$618M
Total debt 
$4.9B
Of which operating leases 
$209M
Net debt 
$4.1B
Net debt / EBITDA 
3.0x
Interest cover 
5.5x
Current ratio 
0.73

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 2.1%
2.38%
Buybacks 
0.09%
Total returned 
2.47%
Shares, yearly change 
+0.8%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 79).

Operating margin

10.4%

Above 61% of the 32 companies in its industry, and 65% of all.

Net margin

5.4%

Above 69% of the 34 companies in its industry, and 54% of all.

ROE

50.7%

Above 87% of the 26 companies in its industry, and 96% of all.

ROA

3.7%

Above 63% of the 34 companies in its industry, and 65% of all.

Revenue growth

4.4%

Above 44% of the 35 companies in its industry, and 43% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Warner Music Group Corp.
CIK
1319161
Exchange
NASDAQ
Industry (SIC)
7900 · Services-Amusement & Recreation Services
Fiscal year ends
September 30
Latest annual report
September 30, 2025
Reporting currency
USD
Shares
523M

Other companies: Communication services

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The full analysis

What do Warner Music's filings show?

These are Warner Music's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about WMG

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What is WMG's market cap?

Warner Music Group Corp.'s market cap is $16.9B, at a price of $32.30 on November 13, 2026 and 523M shares.

What is WMG's P/E?

WMG's P/E is 25.1, on earnings per share of $1.28 over the last 12 months.

How much revenue does WMG have?

Warner Music had revenue of $7.3B over the last 12 months. Over the last 5 years it changed by +8.5% a year on average.

Does WMG pay a dividend?

Yes. Warner Music paid $0.77 per share over the last 12 months, a yield of 2.38% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Warner Music Group Corp.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.