What is Warner Music Group's capex?

Warner Music Group (WMG) reported capex of $27M in Q1 2026.

How has Warner Music Group's capex changed year-over-year?

Warner Music Group's capex decreased by 25.0% year-over-year, from $36M to $27M.

What is the long-term trend for Warner Music Group's capex?

Over 4 years (2021 to 2025), Warner Music Group's capex has grown at a 10.6% compound annual growth rate (CAGR), from $93M to $139M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Warner Music Group WMG CapEx

CapEx at other companies

Reservoir Media, Inc.RSVR

$194.47K+688%

Warner Bros. Discovery, Inc.WBD

$268M+6.8%

LiveOne, Inc.LVO

$681K-26.4%

Segments

By segment

See full

Recorded Music$22M-21.4%

Music Publishing$3M+200%

Other financials

Income statement

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Revenue$1.7B+16.7%

Gross profit$802.0M+15.7%

Operating income$264.0M+57.1%

Net income$183.0M+408%

Balance sheet

See full

Cash & equivalents$741.0M+16.3%

Total debt$895.0M-79.0%

Total equity$738.0M+30.2%

Total assets$10.6B+10.9%

Cash flow

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Operating cash flow$126.0M+82.6%

Free cash flow$99.0M+200%

Valuation

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Market cap$13.85B-14.4%

Enterprise value$14B-29.9%

P/E30.6×-23.8×

P/S1.9×-0.6×

Profitability

See full

Gross margin45.8%-1.0pp

Operating margin12.1%+0.6pp

Net margin6.3%-0.8pp

FCF margin10.2%-1.8pp

Returns & leverage

See full

Return on equity69.3%-21.1pp

Debt / equity1.2×-6.3×

Current ratio0.7×+0.1×

Where this comes from

Reported directly by Warner Music Group in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Warner Music Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Music Group's capex?: Warner Music Group (WMG) reported capex of $27M in Q1 2026.
How has Warner Music Group's capex changed year-over-year?: Warner Music Group's capex decreased by 25.0% year-over-year, from $36M to $27M.
What is the long-term trend for Warner Music Group's capex?: Over 4 years (2021 to 2025), Warner Music Group's capex has grown at a 10.6% compound annual growth rate (CAGR), from $93M to $139M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.