Financials in USD. Standardized financial statements.
A compact view of how Warner Music Group Corp. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $6.71B | $6.43B | $6.04B | $5.92B | $5.30B | $4.46B | $4.47B | $4.00B | $3.58B | $3.25B |
| Revenue Growth? | +4.4% | +6.4% | +2.0% | +11.7% | +18.8% | -0.3% | +11.7% | +12.0% | +10.2% | 0.0% |
| Cost of Revenue? | $3.63B | $3.35B | $3.18B | $3.08B | $2.74B | $2.33B | $2.40B | $2.17B | $1.93B | $1.71B |
| Gross Profit? | $3.08B | $3.07B | $2.86B | $2.84B | $2.56B | $2.13B | $2.07B | $1.83B | $1.65B | $1.54B |
| Gross Margin? | +45.8% | +47.8% | +47.4% | +48.0% | +48.3% | +47.7% | +46.3% | +45.8% | +46.0% | +47.4% |
| Operating Expenses? | $2.38B | $2.25B | $2.07B | $2.13B | $1.95B | $2.36B | $1.72B | $1.62B | $1.42B | $1.32B |
| Operating Income? | $694.00M | $823.00M | $790.00M | $714.00M | $609.00M | -$229.00M | $356.00M | $217.00M | $222.00M | $214.00M |
| EBITDA? | $1.11B | $1.09B | $1.08B | $1.20B | $884.00M | -$59.00M | $678.00M | $841.00M | $398.00M | $507.00M |
| Income Before Tax | $490.00M | $601.00M | $609.00M | $740.00M | $456.00M | -$447.00M | $267.00M | $442.00M | -$2.00M | $41.00M |
| Income Tax Expense | $120.00M | $123.00M | $170.00M | $185.00M | $149.00M | $23.00M | $9.00M | $130.00M | -$151.00M | $11.00M |
| Net Income? | $365.00M | $435.00M | $430.00M | $551.00M | $304.00M | -$475.00M | $256.00M | $307.00M | $143.00M | $25.00M |
| EPS? | $0.70 | $0.83 | $0.82 | $1.06 | $0.58 | $-0.93 | $0.50 | $0.62 | $0.28 | $0.05 |
| Diluted EPS? | $0.70 | $0.84 | $0.82 | $1.06 | $0.58 | $-0.93 | $0.50 | $0.62 | $0.28 | $0.05 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality