Warner Music Group Corp. (WMG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	7.3B	6.7B	6.4B	6.0B	5.9B
Cost of Revenue	4.0B	3.6B	3.4B	3.2B	3.1B
Gross Profit	3.3B	3.1B	3.1B	2.9B	2.8B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.7B	1.7B	1.8B	1.7B	1.8B
General & Admin Expense	1.1B	960.0M	986.0M	904.0M	863.0M
Selling & Marketing Expense	584.0M	754.0M	790.0M	835.0M	923.0M
Other Expenses	602.0M	667.0M	472.0M	331.0M	339.0M
Total Operating Expenses	2.3B	2.4B	2.2B	2.1B	2.1B
Cost and Expenses	6.3B	6.0B	5.6B	5.2B	5.2B
Operating Income (EBIT)	1.0B	694.0M	823.0M	790.0M	714.0M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	175.0M	159.0M	161.0M	141.0M	125.0M
Net Interest Income	(175.0M)	(159.0M)	(161.0M)	(141.0M)	(125.0M)
Other Non-Op Income/Expense	(172.0M)	(204.0M)	(222.0M)	(181.0M)	26.0M
Non-Operating Income (excl Interest)	16.0M	42.0M	61.0M	40.0M	(151.0M)
EBT (Pre-Tax Income)	873.0M	490.0M	601.0M	609.0M	740.0M
Income Tax Expense	208.0M	120.0M	123.0M	170.0M	185.0M
Bottom Line
Net Income	672.0M	365.0M	435.0M	430.0M	551.0M
Earnings from Cont. Ops	665.0M	370.0M	478.0M	439.0M	555.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	666.0M	362.0M	435.0M	424.0M	544.0M
Per Share
Basic EPS	$1.29	$0.70	$0.83	$0.82	$1.06
Diluted EPS	$1.29	$0.70	$0.84	$0.82	$1.06
Revenue Per Share	$14.00	$12.92	$12.42	$11.71	$11.39
Shares
Basic Shares Outstanding	521.7M	519.0M	517.5M	515.7M	519.8M
Diluted Shares Outstanding	524.4M	519.0M	517.5M	515.7M	519.8M
Profitability Metrics
EBITDA	1.5B	1.1B	1.1B	1.1B	1.2B
D&A	503.0M	462.0M	327.0M	332.0M	339.0M
EBIT	1.0B	652.0M	762.0M	750.0M	865.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026