Warner Music Group Corp.
Financial highlights
| Metric | FY 09/30/25 | FY 09/30/24 | FY 09/30/23 | FY 09/30/22 | FY 09/30/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $6.7B | $6.4B | $6.0B | $5.9B | $5.3B |
| Cost of revenue | $3.6B | $3.4B | $3.2B | $3.1B | $2.7B |
| Selling, general & administrative | $1.9B | $1.9B | $1.8B | $1.9B | $1.7B |
| Operating income | $694.0M | $823.0M | $790.0M | $714.0M | $609.0M |
| Pretax income | $490.0M | $601.0M | $609.0M | $740.0M | $456.0M |
| Income tax expense | $120.0M | $123.0M | $170.0M | $185.0M | $149.0M |
| Net income | $365.0M | $435.0M | $430.0M | $551.0M | $304.0M |
| Balance Sheet | |||||
| Cash and equivalents | $532.0M | $694.0M | $641.0M | $584.0M | $499.0M |
| Current assets | $2.8B | $2.6B | $2.4B | $2.1B | $1.9B |
| Total assets | $9.8B | $9.2B | $8.5B | $7.8B | $7.2B |
| Current liabilities | $4.2B | $3.9B | $3.5B | $3.4B | $3.1B |
| Total liabilities | $9.1B | $8.5B | $8.1B | $7.7B | $7.2B |
| Total debt | — | $4.0B | $4.0B | $3.8B | $3.4B |
| Stockholders' equity | $647.0M | $518.0M | $307.0M | $152.0M | $31.0M |
| Cash Flow Statement | |||||
| Cash from operations | $678.0M | $754.0M | $687.0M | $742.0M | $638.0M |
| Depreciation and amortization | $376.0M | $327.0M | $332.0M | $339.0M | $306.0M |
| Stock-based compensation | $54.0M | $52.0M | $49.0M | $39.0M | $45.0M |
| Capital expenditure | $139.0M | $116.0M | $127.0M | $135.0M | $93.0M |
| Free cash flow | $539.0M | $638.0M | $560.0M | $607.0M | $545.0M |
| Dividends paid | $383.0M | $361.0M | $340.0M | $318.0M | $265.0M |
| Share repurchases | $16.0M | $0 | $0 | — | — |
| Impairments | $4.0M | — | — | — | — |
Shares outstanding 521.6M
Annual filing data through FY ended September 30, 2025; float as of July 12, 2026.