Warner Music Group (NASDAQ:WMG) — Stock Price
Warner Music Group (NASDAQ:WMG) is currently trading at $26.41 USD, up 0.08% today. Over the past 52 weeks, shares have ranged between $23.65 and $34.72. This page tracks Warner Music Group's live share price on the NASDAQ exchange, its daily price and volume history, and — where reported — its income statement, balance sheet, cash flow statement, and earnings history. For company valuation and market capitalisation context, see market cap of Warner Music Group.
Warner Music Group (WMG) Stock Price Chart — Daily History & Trading Volume
The chart below tracks Warner Music Group's daily closing share price and trading volume on the NASDAQ exchange over the past year, giving a clear view of recent price momentum and liquidity.
Warner Music Group Income Statement — Revenue, Profit & Earnings by Year
Warner Music Group's annual income statement shows how revenue converts into profit each fiscal year, including gross profit, operating income, EBITDA, and net income.
| Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Revenue | $6.71 Billion | $6.43 Billion | $6.04 Billion | $5.92 Billion | $5.30 Billion |
| Cost of Revenue | $3.63 Billion | $3.35 Billion | $3.18 Billion | $3.08 Billion | $2.74 Billion |
| Gross Profit | $3.08 Billion | $3.07 Billion | $2.86 Billion | $2.84 Billion | $2.56 Billion |
| Research & Development | — | — | — | — | — |
| SG&A | $960.00 Million | $986.00 Million | $904.00 Million | $863.00 Million | $870.00 Million |
| Total Operating Expenses | $2.38 Billion | $2.25 Billion | $2.07 Billion | $2.12 Billion | $1.95 Billion |
| Operating Income | $694.00 Million | $823.00 Million | $790.00 Million | $714.00 Million | $609.00 Million |
| EBITDA | $1.11 Billion | $1.09 Billion | $1.08 Billion | $1.20 Billion | $884.00 Million |
| EBIT | $652.00 Million | $762.00 Million | $750.00 Million | $865.00 Million | $578.00 Million |
| Interest Expense | $159.00 Million | $161.00 Million | $141.00 Million | $125.00 Million | $122.00 Million |
| Income Before Tax | $490.00 Million | $601.00 Million | $609.00 Million | $740.00 Million | $456.00 Million |
| Income Tax Expense | $120.00 Million | $123.00 Million | $170.00 Million | $185.00 Million | $149.00 Million |
| Net Income | $365.00 Million | $435.00 Million | $430.00 Million | $551.00 Million | $304.00 Million |
Warner Music Group Balance Sheet — Assets, Liabilities & Shareholder Equity
The balance sheet below summarizes Warner Music Group's financial position at each fiscal year-end — what it owns (assets), what it owes (liabilities), and the resulting shareholder equity.
| Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | $9.83 Billion | $9.15 Billion | $8.54 Billion | $7.83 Billion | $7.21 Billion |
| Total Current Assets | $2.77 Billion | $2.64 Billion | $2.40 Billion | $2.14 Billion | $1.90 Billion |
| Cash & Equivalents | — | — | — | — | — |
| Short-term Investments | — | — | $2.00 Million | $2.00 Million | $-394.00 Million |
| Net Receivables | $1.34 Billion | $1.25 Billion | $1.12 Billion | $984.00 Million | $839.00 Million |
| Inventory | $62.00 Million | $99.00 Million | $126.00 Million | $108.00 Million | $99.00 Million |
| Property, Plant & Equipment | — | — | — | $641.00 Million | $632.00 Million |
| Goodwill | $2.06 Billion | $2.02 Billion | $1.99 Billion | $1.92 Billion | $1.83 Billion |
| Total Liabilities | $9.07 Billion | $8.48 Billion | $8.12 Billion | $7.66 Billion | $7.17 Billion |
| Total Current Liabilities | $4.20 Billion | $3.90 Billion | $3.54 Billion | $3.37 Billion | $3.15 Billion |
| Long-term Debt | $4.37 Billion | $4.01 Billion | $3.96 Billion | $3.73 Billion | $3.35 Billion |
| Net Debt | $4.08 Billion | $3.59 Billion | $3.62 Billion | $3.43 Billion | $3.18 Billion |
| Total Stockholder Equity | $647.00 Million | $675.00 Million | $430.00 Million | $168.00 Million | $46.00 Million |
| Retained Earnings | $-1.33 Billion | $-1.31 Billion | $-1.39 Billion | $-1.48 Billion | $-1.71 Billion |
Warner Music Group Cash Flow Statement — Operating, Investing & Financing Activities
This cash flow statement breaks down how Warner Music Group generates and spends cash across operating, investing, and financing activities each fiscal year, including free cash flow and capital expenditures.
| Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $678.00 Million | $754.00 Million | $687.00 Million | $742.00 Million | $638.00 Million |
| Capital Expenditures | $139.00 Million | $116.00 Million | $241.00 Million | $326.00 Million | $574.00 Million |
| Free Cash Flow | $539.00 Million | $638.00 Million | $446.00 Million | $416.00 Million | $64.00 Million |
| Investing Cash Flow | $-340.00 Million | $-311.00 Million | $-300.00 Million | $-824.00 Million | $-638.00 Million |
| Financing Cash Flow | $-497.00 Million | $-396.00 Million | $-325.00 Million | $188.00 Million | $-61.00 Million |
| Dividends Paid | $383.00 Million | $361.00 Million | $340.00 Million | $318.00 Million | $265.00 Million |
| Stock-Based Compensation | $54.00 Million | $52.00 Million | $49.00 Million | $39.00 Million | $45.00 Million |
| Depreciation | $376.00 Million | $327.00 Million | $332.00 Million | $339.00 Million | $306.00 Million |
| Change in Cash | $-162.00 Million | $53.00 Million | $57.00 Million | $85.00 Million | $-54.00 Million |
Warner Music Group Earnings History — EPS Actual vs. Analyst Estimates
Track Warner Music Group's quarterly earnings per share (EPS) against Wall Street estimates, along with the earnings surprise percentage for each reporting period.
| Report Date | EPS Actual | EPS Estimate | Surprise |
|---|---|---|---|
| May 12, 2026 | 0.43 | 0.27 | +60.70% |
| Feb 05, 2026 | 0.43 | 0.37 | +17.23% |
| Nov 20, 2025 | 0.51 | 0.33 | +55.88% |
| Aug 07, 2025 | 0.25 | 0.29 | -13.79% |
| May 08, 2025 | 0.12 | 0.28 | -57.14% |
| Feb 06, 2025 | 0.54 | 0.33 | +63.64% |
| Nov 21, 2024 | 0.31 | 0.31 | +0.00% |
| Aug 07, 2024 | 0.32 | 0.27 | +18.52% |