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Warner Music Group WMG Total costs & expenses

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Other financials

Income statement

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Revenue$1.9B+10.4%
Gross profit$854.0M+10.1%
Operating income$305.0M+80.5%
Net income$204.0M+1,375%
EPS (diluted)$0.39+1,400%

Balance sheet

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Cash & equivalents$618.0M+17.3%
Total debt$875.0M-79.7%
Total equity$854.0M+45.0%
Total assets$10.7B+9.7%

Cash flow

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Operating cash flow$142.0M+209%
CapEx$28.0M-28.2%
Free cash flow$114.0M+1,529%

Valuation

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Market cap$13.8B-16.3%
Enterprise value$14.06B-30.7%
P/E20.5×-35.0×
P/S1.9×-0.7×

Profitability

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Gross margin45.8%-0.9pp
Operating margin13.7%+3.0pp
Net margin9.2%+4.6pp
FCF margin11.4%+2.1pp

Returns & leverage

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Return on equity93.1%+37.7pp
Debt / equity-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:CostsAndExpenses.

The source filing: Warner Music Group’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:05 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001319161-26-000032
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
Selling, general and administrative expenses (a)(464)(471)(1,382)(1,395)
Restructuring and impairments(7)(69)(47)(109)
Amortization expense(78)(67)(218)(186)
Total costs and expenses(1,559)(1,520)(4,574)(4,288)
Net loss on divestitures(5)
Operating income305169857551
Loss on extinguishment of debt(7)
Interest expense, net(49)(43)(135)(119)

Item 1. Financial Statements (Unaudited)

FAQ

What is Warner Music Group's total costs & expenses?
Warner Music Group (WMG) reported total costs & expenses of $1.56B in Q2 2026.
How has Warner Music Group's total costs & expenses changed year-over-year?
Warner Music Group's total costs & expenses increased by 2.6% year-over-year, from $1.52B to $1.56B.
What is the long-term trend for Warner Music Group's total costs & expenses?
Over 4 years (2021 to 2025), Warner Music Group's total costs & expenses has grown at a 6.4% compound annual growth rate (CAGR), from $4.69B to $6.01B.
What does total costs & expenses mean?
This metric aggregates all operating costs incurred to generate revenue, including cost of goods sold, selling, general, and administrative expenses, and other operational charges. It serves as a comprehensive measure of the company's total expenditure required to maintain its business operations and support its artist roster. Analyzing this figure relative to revenue provides insight into the company's overall operational efficiency and cost management discipline.

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