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Warner Music Group WMG Recorded Music — General and administrative expense

Other segment segments

Music Publishing
$32M-5.9%

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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 recorded music — general and administrative expense?
Warner Music Group (WMG) reported recorded music — general and administrative expense of $153M in Q1 2026.
How has Warner Music Group's recorded music — general and administrative expense changed year-over-year?
Warner Music Group's recorded music — general and administrative expense decreased by 5.0% year-over-year, from $161M to $153M.
What does recorded music — general and administrative expense mean?
Represents the overhead costs associated with managing the recorded music business segment, including executive compensation, legal, human resources, and office facilities. These expenses are essential for supporting the operational infrastructure of the record labels and artist management teams.