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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 $704.0M with a 9.91% net margin. Gross margin stands at 46.25% and operating margin at 14.21%. Based on the Q2 2026 filing.

Total Revenue (TTM)$7.1BGross Profit (TTM)$3.3BOperating Income (TTM)$1.0BNet Income (TTM)$704.0M
Latest FilingQ2 2026
Report Date2026-05-07
Market Cap$14.9B
P/E Ratio21.15
ROE107.89%

Operating Expenses

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Depreciation and amortization$62M$67M$67M$68M$72M$68M
Selling, general and administrative$450M$471M$471M$458M$460M$458M
Total operating expenses$1.3B$1.5B$1.5B$1.5B$1.5B$1.5B

Other Income & Expense

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Gain (loss) on extinguishment of debt$0$0——-$7M—
Gain (loss) on disposal of assets$0$0$0-$5M$0-$5M
Interest expense-$39M-$43M-$43M-$45M-$41M-$45M
Interest Income (Expense), Nonoperating-$39M-$43M-$43M-$45M-$41M-$45M
Other income (expense), net-$64M-$137M-$137M$3M$38M$3M

Operating Income

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

Income Before Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income before income taxes$65M-$11M$190M$246M$254M$246M

Tax

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

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Amortization of capitalized software and acquired intangible assets$62M$67M$67M$68M$72M$68M
Gain on sale of business and assets$0$0$0-$5M$0-$5M
Other income, net (Note 6)-$64M-$137M-$137M$3M$38M$3M
Restructuring, Settlement and Impairment Provisions$13M$69M$69M$34M$6M$34M
Revenue From Contract With Customer Excluding Assessed Tax$1.5B$1.7B$1.7B$1.8B$1.7B$1.8B

Cost of Revenue

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

Revenue

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