What is Warner Music Group's total revenue?

Warner Music Group (WMG) reported total revenue of $1.73B in Q1 2026.

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

Warner Music Group's total revenue increased by 16.7% year-over-year, from $1.48B to $1.73B.

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

Over 4 years (2021 to 2025), Warner Music Group's total revenue has grown at a 6.1% compound annual growth rate (CAGR), from $5.3B to $6.71B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Warner Music Group WMG Total Revenue

Total Revenue at other companies

Reservoir Media, Inc.RSVR

$47.5M+14.7%

Warner Bros. Discovery, Inc.WBD

$8.89B-1.0%

Segments

By product

See full

Digital$1.2B+16.5%

Artist services and expanded-rights$164M+40.2%

Physical$137M+22.3%

Licensing$104M-1.0%

Performance$58M+9.4%

Synchronization$50M+2.0%

By geography

See full

United States$2.87B+3.8%

United Kingdom$774M+6.6%

Germany$513M-4.1%

By segment

See full

Recorded Music$1.38B+17.4%

Music Publishing$353M+13.9%

Other financials

Income statement

See full

Gross profit$802.0M+15.7%

Operating income$264.0M+57.1%

Net income$183.0M+408%

Balance sheet

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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

See full

Operating cash flow$126.0M+82.6%

CapEx$27.0M-25.0%

Free cash flow$99.0M+200%

Valuation

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Market cap$15.12B-1.6%

Enterprise value$15.28B-20.3%

P/E33.5×-18.3×

P/S2.1×-0.3×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 total revenue?: Warner Music Group (WMG) reported total revenue of $1.73B in Q1 2026.
How has Warner Music Group's total revenue changed year-over-year?: Warner Music Group's total revenue increased by 16.7% year-over-year, from $1.48B to $1.73B.
What is the long-term trend for Warner Music Group's total revenue?: Over 4 years (2021 to 2025), Warner Music Group's total revenue has grown at a 6.1% compound annual growth rate (CAGR), from $5.3B to $6.71B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.