What are Warner Music Group's profit margins?

Warner Music Group (WMG) runs a 45.8% gross margin and a 12.1% operating margin, with a 6.3% net margin.

Where do Warner Music Group's ratios come from?

Every ratio is computed from Warner Music Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Warner Music Group WMG Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	45.8%-0.1pp	45.9%0.0pp	45.8%-0.8pp	46.6%-0.2pp	46.8%-0.1pp
Operating margin	12.1%+1.0pp	11.2%+0.8pp	10.3%-0.4pp	10.7%-0.8pp	11.6%+0.8pp
Net margin	6.3%+1.9pp	4.4%-1.0pp	5.4%+0.9pp	4.6%-2.5pp	7.1%-0.9pp
Returns
Return on equity	69.3%+21.1pp	48.2%-14.4pp	62.7%+7.3pp	55.4%-35.0pp	90.4%-11.2pp
Return on invested capital	25.5%+0.1pp	25.4%+3.6pp	21.8%+10.2pp	11.6%-1.7pp	13.3%-0.2pp
Efficiency
Asset turnover	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Liquidity
Current ratio	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Leverage
Debt-to-equity	1.2×+0.5×	0.8×-0.1×	0.8×-6.5×	7.3×-0.2×	7.5×-0.2×
Net debt / EBITDA	0.1×+0.3×	-0.2×-0.2×	0×-3.6×	3.6×+0.2×	3.4×0.0×
Valuation
Market capitalization	$13.34B-16.7%	$16.02B-9.8%	$17.75B+26.1%	$14.08B-13.7%	$16.31B+1.6%
Price / earnings	29.5×-23.0×	52.5×+3.9×	48.6×+1.2×	47.4×+11.3×	36.1×+4.7×
Price / sales	1.9×-0.5×	2.3×-0.3×	2.6×+0.5×	2.2×-0.4×	2.6×0.0×
Price / book	18.1×-4.2×	22.3×-5.2×	27.4×+3.5×	23.9×-4.9×	28.8×-0.7×
EV / EBITDA	10.7×-3.0×	13.7×-2.9×	16.6×-0.4×	17×-1.6×	18.6×-0.6×
Dividend yield	3%+0.5pp	2.4%+0.3pp	2.2%-0.5pp	2.7%+0.4pp	2.3%0.0pp

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Questions, answered.

What are Warner Music Group's profit margins?: Warner Music Group (WMG) runs a 45.8% gross margin and a 12.1% operating margin, with a 6.3% net margin.
Where do Warner Music Group's ratios come from?: Every ratio is computed from Warner Music Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.