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Warner Music Group Income Statement

Revenue, expenses, and profitability over time

Warner Music Group generated $7.1B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $452.0M with a 6.34% net margin. Gross margin stands at 45.8% and operating margin at 12.12%. Based on the Q1 2026 filing.

Total Revenue (TTM)$7.1BGross Profit (TTM)$3.3BOperating Income (TTM)$864.0MNet Income (TTM)$452.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$16.5B
P/E Ratio36.40
ROE69.27%

Other Income & Expense

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Derivative Gain (Loss) Excluded from Effectiveness-$37M-$39M-$43M-$43M-$45M-$41M
Interest Income (Expense), Non-operating-$37M-$39M-$43M-$43M-$45M-$41M
Gain on Sale of Business$0$0$0$0-$5M$0
Gain (loss) on extinguishment of debt—$0———-$7M
Gain (loss) on disposal of assets$0$0$0$0-$5M$0
Other Charges$153M-$64M-$137M—$3M$38M
Interest expense-$37M-$39M-$43M-$43M-$45M-$41M
Interest Income (Expense), Nonoperating-$37M-$39M-$43M-$43M-$45M-$41M
Other income (expense), net$153M-$64M-$137M—$3M$38M
Non-operating Interest Income (Expense)-$37M-$39M-$43M-$43M-$45M-$41M

Operating Expenses

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Amortization of Finite-Lived Intangible Assets$57M$62M$67M$72M$68M$72M
Amortization expense$57M$62M$67M$72M$68M$72M
Depreciation and amortization$57M$62M$67M$72M$68M$72M
Impairment and restructuring$27M$13M$69M$125M$34M$6M
Selling, general and administrative$474M$450M$471M$494M$458M$460M
Total operating expenses$1.5B$1.3B$1.5B$1.7B$1.5B$1.5B

Operating Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Gross profit$772M$693M$776M$834M$853M$802M
Operating income$214M$168M$169M$143M$288M$264M

Income Before Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income before income taxes$330M$65M-$11M$106M$246M$254M

Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income tax expense$89M$29M$5M$0$71M$73M

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Amortization of capitalized software and acquired intangible assets$57M$62M$67M$72M$68M$72M
Gain on sale of business and assets$0$0$0$0-$5M$0
Other income, net (Note 6)$153M-$64M-$137M—$3M$38M
Revenue From Contract With Customer Excluding Assessed Tax$1.7B$1.5B$1.7B$1.9B$1.8B$1.7B

Cost of Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total cost of revenue$894M$791M$913M$1B$987M$930M

Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total revenue$1.7B$1.5B$1.7B$1.9B$1.8B$1.7B