Recorded Music growth combines streaming with physical, licensing, and artist-services revenue. Within streaming, subscription and ad-supported royalties can grow at different rates because subscriber, advertising, market-share, currency, and digital-service-provider deal economics differ.
Warner Music Group Corp.
Company snapshot
A consistent view of the latest supported company value and reported operating results.
Fundamental lens
Four transparent questions from retained financial evidence. Each result stands on its own; Grizzly Bulls does not combine them into a score, ranking, or recommendation.
Trailing-twelve-month net income is positive. As of 2026-06-30.
Trailing-twelve-month operating cash flow less capital expenditures is positive. As of 2026-06-30.
Reported current liabilities exceed reported current assets on the latest comparable retained balance sheet. As of 2026-06-30.
Comparable retained change history is not available through this reader.
How this lens works
Profitability uses only the sign of retained trailing-twelve-month net income. Cash generation uses only the sign of retained trailing-twelve-month free cash flow, defined as operating cash flow less capital expenditures.
Liquidity compares current assets with current liabilities only when both are retained for the same reporting date. It does not infer liquidity from differently dated balance sheets.
Recent operating direction uses the latest supported material financial event when comparable history exists. The existing change methodology requires at least a 10% absolute change or a sign/zero transition and compares quarterly results only with the same fiscal quarter year over year.
Market summary
Completed-session reference prices from IEX for Oct 21, 2026.
Price statistics
IEX historical data reflects IEX activity only and is presented as a source-scoped reference point, not as consolidated U.S. market history. Prices are unadjusted. Price returns exclude dividends and are not total returns. Historical statistics appear only when the retained source-session chain is complete and no split-like share-basis discontinuity is detected for that calculation window.
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use.
Price history
Recent completed-session closing-price history for this listing. The chart shows raw, unadjusted single-exchange reference observations rather than a consolidated U.S. market close.
Derived reference metrics are omitted for this listing because the required history-quality checks did not clear for the full retained window.
About this market data
IEX historical data reflects IEX activity only and is presented as a source-scoped reference point, not as consolidated U.S. market history.
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use.
The raw chart can show a discontinuity around a stock split because it is intentionally unadjusted. The screened metrics use only explicitly registered positive split events and do not assert complete split history.
Listing & sources
Ticker: WMG · Exchange: Nasdaq · Class A Common Stock, $0.001 par value per share
SEC issuer CIK: 0001319161
Listing source refreshed: 2026-09-13
Financials
SEC-reported financial statement history with filing dates preserved. Annual view retains up to four fiscal years; quarterly view retains up to five fiscal quarters. Missing cells mean a supported fact is unknown and are not treated as zero.
Income statement
| Metric | TTM · 2026-06-30 | FY 2025 · 2025-09-30 | FY 2025 · 2024-09-30 | FY 2025 · 2023-09-30 | FY 2024 · 2022-09-30 |
|---|---|---|---|---|---|
| Revenue | $7.3B Filed 2026-08-05 | $6.71B Filed 2025-11-20 | $6.43B Filed 2025-11-20 | $6.04B Filed 2025-11-20 | $5.92B Filed 2024-11-21 |
| Cost of revenue | $3.96B Filed 2026-08-05 | $3.63B Filed 2025-11-20 | $3.36B Filed 2025-11-20 | $3.18B Filed 2025-11-20 | $3.08B Filed 2024-11-21 |
| Operating income | $1B Filed 2026-08-05 | $694M Filed 2025-11-20 | $823M Filed 2025-11-20 | $790M Filed 2025-11-20 | $714M Filed 2024-11-21 |
| Interest expense | $181M Filed 2026-08-05 | $177M Filed 2025-11-20 | $182M Filed 2025-11-20 | $157M Filed 2025-11-20 | $125M Filed 2024-11-21 |
| Pretax income | $873M Filed 2026-08-05 | $490M Filed 2025-11-20 | $601M Filed 2025-11-20 | $609M Filed 2025-11-20 | $740M Filed 2024-11-21 |
| Income tax expense | $208M Filed 2026-08-05 | $120M Filed 2025-11-20 | $123M Filed 2025-11-20 | $170M Filed 2025-11-20 | $185M Filed 2024-11-21 |
| Net income | $672M Filed 2026-08-05 | $365M Filed 2025-11-20 | $435M Filed 2025-11-20 | $430M Filed 2025-11-20 | $551M Filed 2024-11-21 |
Balance sheet
| Metric | FY 2025 · 2025-09-30 | FY 2025 · 2024-09-30 | FY 2025 · 2023-09-30 | FY 2024 · 2022-09-30 |
|---|---|---|---|---|
| Cash | $532M Filed 2025-11-20 | $694M Filed 2025-11-20 | $641M Filed 2024-11-21 | $584M Filed 2023-11-21 |
| Current assets | $2.77B Filed 2025-11-20 | $2.64B Filed 2025-11-20 | $2.4B Filed 2024-11-21 | $2.14B Filed 2023-11-21 |
| Current liabilities | $4.2B Filed 2025-11-20 | $3.9B Filed 2025-11-20 | $3.54B Filed 2024-11-21 | $3.37B Filed 2023-11-21 |
| Long-term debt, noncurrent | $4.06B Filed 2025-11-20 | $4.01B Filed 2025-11-20 | $3.96B Filed 2024-11-21 | $3.73B Filed 2023-11-21 |
| Total assets | $9.83B Filed 2025-11-20 | $9.16B Filed 2025-11-20 | $8.55B Filed 2024-11-21 | $7.83B Filed 2023-11-21 |
| Total liabilities | $9.07B Filed 2025-11-20 | $8.48B Filed 2025-11-20 | $8.12B Filed 2024-11-21 | $7.66B Filed 2023-11-21 |
| Stockholders’ equity | $647M Filed 2025-11-20 | $518M Filed 2025-11-20 | $307M Filed 2024-11-21 | $152M Filed 2023-11-21 |
Cash flow
| Metric | TTM · 2026-06-30 | FY 2025 · 2025-09-30 | FY 2025 · 2024-09-30 | FY 2025 · 2023-09-30 | FY 2024 · 2022-09-30 |
|---|---|---|---|---|---|
| Operating cash flow | $939M Filed 2026-08-05 | $678M Filed 2025-11-20 | $754M Filed 2025-11-20 | $687M Filed 2025-11-20 | $742M Filed 2024-11-21 |
| Depreciation & amortization | $417M Filed 2026-08-05 | $376M Filed 2025-11-20 | $327M Filed 2025-11-20 | $332M Filed 2025-11-20 | $339M Filed 2024-11-21 |
| Capital expenditures | $103M Filed 2026-08-05 | $139M Filed 2025-11-20 | $116M Filed 2025-11-20 | $127M Filed 2025-11-20 | $135M Filed 2024-11-21 |
| Dividends paid | $400M Filed 2026-08-05 | $383M Filed 2025-11-20 | $361M Filed 2025-11-20 | $340M Filed 2025-11-20 | $318M Filed 2024-11-21 |
| Stock repurchases | $61M Filed 2026-08-05 | $16M Filed 2025-11-20 | $0 Filed 2025-11-20 | $0 Filed 2025-11-20 | Unknown |
Calculated from the latest TTM financials
Source: SEC filings. Financial facts retain filing dates and are shown only when the retained source and period alignment support them.
Valuation
A supported valuation measure is not available from the current retained price, share-count, and financial inputs.
Statistics
Reproducible trailing, quarterly, and annual statistics from retained SEC financials. Growth and return measures appear only when the required reporting periods align; missing denominators are omitted rather than estimated.
Trailing, quarterly, and annual profitability, return, and growth measures derived from retained SEC financials.
Latest annual liquidity measures using same-period reported current assets and current liabilities.
Trailing cash generation plus latest annual dividends and share repurchases where reported.
Historical financial statistics are descriptive accounting measures, not rankings or investment recommendations.
Ownership
No reviewed company-level insider ownership record is available for this listing.