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Warner Music Group WMG Music Publishing — General and administrative expense

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$153M-5.0%

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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

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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

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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$13.85B-14.4%
Enterprise value$14B-29.9%
P/E30.6×-23.8×
P/S1.9×-0.6×

Profitability

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Gross margin45.8%-1.0pp
Operating margin12.1%+0.6pp
Net margin6.3%-0.8pp
FCF margin10.2%-1.8pp

Returns & leverage

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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:GeneralAndAdministrativeExpense.

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 music publishing — general and administrative expense?
Warner Music Group (WMG) reported music publishing — general and administrative expense of $32M in Q1 2026.
How has Warner Music Group's music publishing — general and administrative expense changed year-over-year?
Warner Music Group's music publishing — general and administrative expense decreased by 5.9% year-over-year, from $34M to $32M.
What does music publishing — general and administrative expense mean?
Overhead costs required to run the publishing business, including salaries for administrative staff, office rent, legal fees, and IT systems for royalty accounting. These are fixed costs necessary for maintaining the segment's operations.