Warner Music Group (WMG)

Official site

COMMUNICATION SERVICES • ENTERTAINMENT • NASDAQ

$31.30

-0.62 (-1.94%)

Market Cap: $16.70B

Last updated: Nov 06, 2026 at 4:32 PM ET

Earnings

Performance (10Y)

Beat Rate

77%(20/26)

Avg Surprise

+18.99%

Streak

4 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$0.70

Range$0.34 - $0.87

6 analysts

Revenue Consensus

$2.1B

Range$2.1B - $2.3B

16 analysts

Period ending Dec 31, 2026

EPS Consensus$0.51

Range$0.47 - $0.58

3 analysts

EPS RevisionsNo revisions (7d)

30d

EPS Estimate DriftChange to current

90d ago$0.49+5.3%

60d ago$0.48+7.2%

30d ago$0.48+7.2%

7d ago$0.48+7.2%

Current$0.51

Revenue Consensus

$2.0B

Range$1.9B - $2.0B

7 analysts

Last 12 of 30 reported quarters and 2 upcoming estimates

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.51	$0.47 - $0.58	-	-	3	0 2 30d	-
Sep 30, 2026Sep 26EST	-	$0.70	$0.34 - $0.87	-	-	6	-	-
Jun 30, 2026Jun 26 Reported Aug 5, 2026Reported Aug 5	$0.51	$0.38	$0.34 - $0.46	+34.21%	Beat	4	1 3 30d	+1800.0%
Mar 31, 2026Mar 26 Reported May 7, 2026Reported May 7	$0.43	$0.29	$0.27 - $0.31	+48.28%	Beat	4	1 0 30d	+258.3%
Dec 31, 2025Dec 25 Reported Feb 5, 2026Reported Feb 5	$0.43	$0.40	$0.38 - $0.45	+7.50%	Beat	4	1 1 30d	-20.4%
Sep 30, 2025Sep 25 Reported Nov 20, 2025Reported Nov 20	$0.51	$0.33	$0.30 - $0.39	+54.55%	Beat	5	1 0 30d	+64.5%
Jun 30, 2025Jun 25 Reported Aug 7, 2025Reported Aug 7	$-0.03	N/A	-	-111.11%	Miss	5	2 1 30d	-108.1%
Mar 31, 2025Mar 25 Reported May 8, 2025Reported May 8	$0.12	N/A	-	-57.14%	Miss	6	1 2 30d	-67.6%
Dec 31, 2024Dec 24 Reported Feb 6, 2025Reported Feb 6	$0.54	$0.33	$0.30 - $0.37	+63.64%	Beat	7	0 4 30d	+68.8%
Sep 30, 2024Sep 24 Reported Nov 21, 2024Reported Nov 21	$0.31	$0.31	$0.29 - $0.33	+0.00%	Beat	6	0 4 30d	-8.8%
Jun 30, 2024Jun 24 Reported Aug 7, 2024Reported Aug 7	$0.37	$0.28	$0.24 - $0.31	+32.14%	Beat	9	3 3 30d	+32.1%
Mar 31, 2024Mar 24 Reported May 9, 2024Reported May 9	$0.37	$0.24	$0.13 - $0.32	+54.17%	Beat	10	0 1 30d	+68.2%
Dec 31, 2023Dec 23 Reported Feb 7, 2024Reported Feb 7	$0.32	$0.43	$0.40 - $0.48	-25.58%	Miss	12	1 1 30d	+52.4%
Sep 30, 2023Sep 23 Reported Nov 16, 2023Reported Nov 16	$0.34	$0.27	$0.22 - $0.28	+25.93%	Beat	12	No revisions (30d)	+6.3%

Dividends

Last ex-dividend: Aug 20, 2026

Dividend Metrics

Forward Yield2.56%

Forward Annual Dividend$0.80

Payout Ratio42.78%

FrequencyQuarterly

Pay MonthsMar, Jun, Sep, Dec

Growth

3Y CAGR+6.08%

WMG dividend history and ex-dividend dates Run WMG in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	16.65	EV/EBITDA	13.81x
Price/FCF	19.53x	FCF Yield	5.12%
Profitability
Profit Margin	9.20%	Operating Margin	16.70%
ROE	70.10%	ROIC	14.42%
Financial Health
Debt/Equity	5.52x	Interest Coverage	198.75x
Current Ratio	0.73x	Quick Ratio	0.72x
Trading Statistics
Beta	1.32	Avg Volume	2.16M
52-Week High	$34.97	52-Week Low	$23.04

Technical Indicators Dashboard

Moving Averages

SMA 10$30.91

SMA 20$30.70

SMA 50$29.08

SMA 200$28.42

EMA 10$31.16

EMA 20$30.57

EMA 50$29.44

EMA 200$28.76

MACD

Line: 0.78Signal: 0.75Hist: 0.03

ADX

ADX: 25.3+DI: 32.4-DI: 19.3

Aroon & PSAR

Aroon Up96.0

Aroon Down4.0

PSAR$29.47

Bollinger Bands

Upper Band$32.77

Lower Band$28.63

%B Position1348%(Upper)

Band Width0.64

RSI (14-Day)

Neutral

58.2

Momentum Oscillators

Stoch %K71.6

Stoch %D75.3

Williams %R-47.6

ROC (10d)1.4%

Momentum0.44

CCI (20d)53.5

MFI (14d)66.8

Volatility Measures

ATR (14d)$0.94(3.0%)

StdDev (20d)1.03

Hist Vol36.1%(Moderate)

Volume Flow

VWAP$31.35

OBV31.7M

AD Line-805.8M

CMF (20d)0.189

Volume Metrics

Avg Vol (20d)2.1M

Vol Ratio0.6x

VWMA (20d)$30.80

Pivot Points

R3$34.22

R2$33.69

R1$32.81

Pivot Point$32.28

S1$31.39

S2$30.86

S3$29.98

Advanced Oscillators

TSI24.57

Ultimate Osc56.8

KST93.00

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$1.86B	$1.73B	$1.84B	$1.87B	$1.69B	$1.48B	$1.67B	$1.63B	$1.55B	$1.49B	$1.75B	$1.59B
Cost of Revenue	$1.01B	$930.00M	$987.00M	$1.03B	$913.00M	$791.00M	$894.00M	$854.00M	$830.00M	$791.00M	$880.00M	$845.00M
Gross Profit	$854.00M	$802.00M	$853.00M	$834.00M	$776.00M	$693.00M	$772.00M	$776.00M	$724.00M	$703.00M	$868.00M	$741.00M

Operating Expenses	$549.00M	$538.00M	$560.00M	$691.00M	$607.00M	$525.00M	$558.00M	$633.00M	$518.00M	$598.00M	$531.00M	$529.00M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$464.00M	$460.00M	$458.00M	$494.00M	$471.00M	$450.00M	$474.00M	$495.00M	$462.00M	$446.00M	$476.00M	$473.00M
Operating Income	$305.00M	$264.00M	$288.00M	$143.00M	$169.00M	$168.00M	$214.00M	$143.00M	$207.00M	$119.00M	$354.00M	$212.00M

Interest Income	$-49,000,000	$-41,000,000	$-45,000,000	$-43,000,000	$-43,000,000	$-39,000,000	$-37,000,000	$-40,000,000	$-40,000,000	$-42,000,000	$-39,000,000	$-36,000,000
Interest Expense	$0	$7.00M	$42.00M	$37.00M	$0	$0	$0	$92.00M	$36.00M	$5.00M	$89.00M	$0
Income Before Tax	$267.00M	$254.00M	$246.00M	$106.00M	$-11,000,000	$65.00M	$330.00M	$51.00M	$171.00M	$114.00M	$265.00M	$212.00M
Income Tax Expense	$67.00M	$73.00M	$71.00M	$-3,000,000	$5.00M	$29.00M	$89.00M	$3.00M	$30.00M	$18.00M	$72.00M	$58.00M

Net Income	$200.00M	$181.00M	$176.00M	$109.00M	$-16,000,000	$36.00M	$241.00M	$48.00M	$141.00M	$96.00M	$193.00M	$154.00M

EBITDA	$429.00M	$408.00M	$386.00M	$256.00M	$129.00M	$195.00M	$455.00M	$175.00M	$295.00M	$255.00M	$402.00M	$327.00M
EBIT	$316.00M	$302.00M	$286.00M	$149.00M	$32.00M	$104.00M	$367.00M	$91.00M	$212.00M	$170.00M	$321.00M	$248.00M

* Some calculated fields are derived from available data when not provided by source

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News

Warner Music $1.25 million data breach settlement: Who can claim and how to file

Warner Music Group has agreed to a $1.25 million class action settlement for a data breach that exposed payment card information of 122,295 individuals who made purchases on their e-commerce websites between April 25...

Claim Depot•Oct 27, 2026 12:30 PM ET10/27/26•Somewhat-Bearish

Weekly Recap: Nov 19 earnings call and WMG Supreme Court denial

Warner Music Group Corp. Class A (WMG) announced it has consolidated its global sync and licensing operations and is scheduled to report its Q4 and FY2026 results on November 19...

TradingView•Oct 26, 2026 2:10 PM ET10/26/26•Neutral

Warner Music Group Corp. Class A Estimates – HAN:WA4

This article provides financial estimates for Warner Music Group Corp. Class A (WA4) listed on the Hannover Stock Exchange through the TradingView platform. It details access to reported financial data and analyst...

TradingView•Oct 23, 2026 10:10 AM ET10/23/26•Neutral

Weekly Recap: StoneX Buy call on royalty step-ups and projected FCF surge

StoneX has initiated coverage on Warner Music Group Corp. Class A (NASDAQ:WMG) with a Buy rating and a $41 target price. The firm cites anticipated PSM royalty step-ups that are expected to stabilize revenue and boost...

TradingView•Oct 19, 2026 6:44 AM ET10/19/26•Bullish

Warner Music Group Corp. Class A Revenue Breakdown – LS:A2P0W9

Warner Music Group Corp. Class A (A2P0W9) generated 5.72 billion EUR last year. Its top-performing segment was Recorded Music, contributing 4.61 billion EUR...

TradingView•Oct 15, 2026 10:10 PM ET10/15/26•Neutral

WMG Valuation and Fair Value

P/E: 16.6x
Forward P/E: 15.0x
EV/EBITDA: 13.8x
P/FCF: 19.5x
PEG: 0.6x
P/B: 19.1x

See GNG's fair value

WMG Profitability: Margins, ROIC and FCF

Gross margin: 45.8%
Operating margin: 16.7%
Net margin: 9.2%
ROIC: 14.4%
ROE: 70.1%
FCF yield: 5.1%

WMG Competitors

Company	Ticker
Telefonica Brasil SA ADR	VIV
Charter Communications Inc	CHTR
Reddit, Inc.	RDDT
News Corp B	NWS
Rogers Communications Inc	RCI
Tencent Music Entertainment Group	TME
BCE Inc	BCE
Telus Corp	TU

Sector: Communication Services

WMG Analyst Ratings

Consensus: Buy
Analysts: 16
Strong Buy: 3
Buy: 10
Hold: 3
Sell: 0
Strong Sell: 0

WMG Bull Case vs Bear Case

Bull case

WMG grew quarterly revenue 10.4% year over year.
81.3% of WMG's analyst ratings are Buy or Strong Buy.

Bear case

WMG has a debt-to-equity ratio of 5.5x.

WMG Earnings: Beat Rate and Next Report

Beat rate: 5 of 8 quarters (62.5%)
Average surprise: 5.0%
EPS estimate (fiscal period ending Sep 30, 2026): $0.70

WMG Dividend

Forward yield: 2.6%
Payout ratio: 42.8%
3Y DPS growth: 6.1%
Pay months: Mar, Jun, Sep, Dec

WMG dividend history

WMG Earnings Date

WMG reports Nov 19, 2026, after the close. The date is confirmed.

WMG Earnings Call

The latest WMG earnings call transcript on file is labeled 2026Q2.

Read the 2026Q2 transcript

WMG ETF Holders

GNG tracks 10 ETFs that hold WMG. The largest weights:

SMOT, 0.65% of the fund
First Trust Small Cap Growth AlphaDEX Fund (FYC), 0.43% of the fund
S&P MidCap 400 ETF (MDY), 0.12% of the fund
Vanguard Extended Market Index Fund ETF Shares (VXF), 0.06% of the fund
WisdomTree U.S. Quality Dividend Growth Fund (DGRW), 0.04% of the fund

Open the ETF Stock Exposure tool for WMG

See insider activity

Frequently Asked Questions About WMG

When is WMG's next ex-dividend date?

WMG has not declared its next regular ex-dividend date yet. Its last ex-dividend date was Aug 20, 2026 ($0.2 per share). Over the last 12 months, WMG went ex-dividend in Feb, May, Aug and Nov.

When does WMG report earnings?

Warner Music Group (WMG) is confirmed to report earnings on Nov 19, 2026.

What is WMG's current dividend yield?

Warner Music Group (WMG) has a forward dividend yield of 2.56%.

Does WMG pay dividends?

Yes, Warner Music Group pays dividends with a forward dividend yield of 2.56%.

What is WMG's P/E ratio?

Warner Music Group has a price-to-earnings (P/E) ratio of 16.65.

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