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Warner Music Group Corp. income statement

In fiscal 2025, Warner Music Group Corp. reported revenue of $6.71bn, up 4.4% on the year before, operating income of $694m (a 10.3% margin) and net income of $365m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Sept 20102012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Revenue2,9882,7802,8713,0272,9663,2463,5764,0054,4754,4635,3015,9196,0376,4266,7077,304
Cost of revenue1,5841,4551,4921,5701,5111,7071,9312,1712,4012,3332,7423,0803,1773,3553,6323,961
Gross profit1,4041,3251,3791,4571,4551,5391,6451,8342,0742,1302,5592,8392,8603,0713,0753,343
Selling, general and administrative1,0951,0231,0971,1721,0731,0821,2221,4111,5102,1691,7211,8621,8261,8791,8891,876
Operating income901097519127214222217356−2296097147908236941,000
Interest expense190225————————119125157182177181
Income before tax−104−108−225−329−7541−2442267−447456740609601490873
Income tax411−31−261311−151130923149185170123120208
Net income−143−112−198−308−9125143307256−475304551430435365672
EBITDA348353333340436507473478625329151,0531,1221,1501,0701,267

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Warner Music Group Corp.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Warner Music Group Corp.