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Warner Music Group Corp. (WMG) Stock: Price, Forecast & Analyst Target

Warner Music Group Corp. (WMG) — MoonshotScore 61/100 (Fair band), calculated Oct 4, 2026. Price $26.82 (-0.87%), as of the Oct 2, 2026 trading session; market cap $14.0B. Expected results Nov 19, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 22.65× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 19, 2026

$26.82 −$0.235 (-0.87%) Market Cap $14.0B

Warner Music Group Corp. · WMG · NASDAQ · Communication Services · Entertainment

Research dated 2026-09-13: Warner Music Group is a rights owner and artist-services business: its labels monetize recordings, while Warner Chappell owns and administers compositions. It supplies streaming platforms rather than operating a streaming subscription platform. The case rests on whether improving profit and cash generation can support a debt-heavy balance sheet while newer licensing channels become meaningful.

Price as of Oct 2, 2026

Key Statistics

61 of 100

MoonshotScore v2 · Warner Music Group (WMG)

Fair
Business Quality Elite (80)
Financial Safety Strained (31)
Valuation Rich (39)
Growth Durability Growing (62)
Momentum Rising (63)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality, but a strained balance sheet. Business Quality: Elite; Financial Safety: Strained; Valuation: Rich; Growth Durability: Growing; Momentum: Rising.

  • quarterly revenue $1.86B (Q3 FY2026, quarter ended Jun 2026)
  • EPS beat 3 of 8
  • Altman Z 1.60 · Piotroski F 6

Holding back: balance-sheet strain

Helping: business quality

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for WMG (29 recorded, newest six shown)
RecordedScoreBand
62Fair
62Fair
62Fair
62Fair
62Fair
62Fair

The score moved from 62 in the stored Oct 3, 2026 snapshot to 61 in the current publication computed Oct 4, 2026 (-1); the largest pillar moves were Growth Durability -1 and Momentum -1.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$26.82
Change on the day-0.87%
52-week range$23.34–$35.42
Market capitalisation$14.0B
Price / earnings (trailing)20.79
Shares traded on the day2.54M
Beta (volatility vs the S&P 500)1.3
Dividends per share (last 12 months)$0.77
Dividend yield (last 12 months)2.87%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $24, high $35, latest $27. 4 reported quarters marked, 2 above and 2 below the recorded estimate. 1 other dated event marked. $35 $24 high $35 Nov 20, 2025 · Earnings results · reported below the recorded estimate · close $311Feb 5, 2026 · Earnings results · reported below the recorded estimate · close $292May 7, 2026 · Earnings results · reported above the recorded estimate · close $333Aug 5, 2026 · Earnings results · reported above the recorded estimate · close $264Aug 6, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $265 Sep 5, 2025 Oct 2, 2026 · $27 $33Sep 5, 2025$34Sep 19, 2025$34Oct 3, 2025$33Oct 17, 2025$32Oct 31, 2025$30Nov 14, 2025$28Nov 28, 2025$28Dec 12, 2025$30Dec 26, 2025$31Jan 9, 2026$30Jan 23, 2026$29Feb 6, 2026$30Feb 20, 2026$28Mar 6, 2026$24Mar 20, 2026$26Apr 2, 2026$30Apr 17, 2026$28May 1, 2026$33May 15, 2026$32May 29, 2026$28Jun 12, 2026$27Jun 26, 2026$29Jul 10, 2026$27Jul 24, 2026$26Aug 7, 2026$27Aug 21, 2026$29Sep 4, 2026$28Sep 18, 2026$27Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · below the recorded estimate
  • · Earnings results · below the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • Lou just mentioned we expect material revenue contributions from our AI licensing sources in the fiscal 2027 year.

    Robert Kyncl · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Warner Music Group (WMG): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Moderate
Momentum Moderate
Business Quality Strong
Financial Safety Weak
Valuation Weak

Legends Council

4 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Griffin-style lens (simulated) Ken Griffin Favorable read
Englander-style lens (simulated) Izzy Englander Unfavorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Neutral read

Read on: Sep 24, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Weak
Margin of Safety Fairly Valued
Profit Margin Neutral
Revenue Growth Neutral
Debt/Equity Negative
ROE Strong
Gross Margin Moderate

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the WMG film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Warner Music Group (WMG), and what does it report?

Short answer · as of

Recorded Music develops artists, markets releases, distributes recordings and licenses a large catalog across streaming platforms, retailers and other channels.

Research dated 2026-09-13.

Recorded Music develops artists, markets releases, distributes recordings and licenses a large catalog across streaming platforms, retailers and other channels. Music Publishing owns and acquires composition rights, represents songwriters and composers, and administers music used by outside film and television producers.

Reported revenue is weighted toward Recorded Music, with Music Publishing providing a smaller but distinct rights stream. Across the annual series, revenue has climbed consistently, while net income has followed a less stable path.

Sources (as of 2026-09-13): Sector / industry (provider taxonomy); Business description; Revenue by segment; Annual revenue and net result (USD millions)

2 · Latest results

What do the latest results show for Warner Music Group (WMG)?

Short answer · as of

The most recent reported quarter, Q3 FY2026, carried revenue of $1.86B.

Research dated 2026-09-13.

The latest results show broad operating improvement. Revenue, gross profit, operating income, net income and diluted earnings all advanced from the preceding period; compared with the year-earlier period, the company moved from a net loss to substantial profitability. Revenue and earnings also exceeded market estimates in the latest release.

At the statement level, gross profit increased by more than selling and administrative expense during the latest sequential advance, leaving more operating profit. Management has not attributed that improvement to artificial-intelligence licensing; it described material revenue from those sources as prospective.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Reported versus estimated, last 8 quarters; Most recent periodic reports; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$1.86B Jun 30, 2026
Latest quarter · SG&A
$464.00M Jun 30, 2026
Latest quarter · FMP standardized operating result
$305.00M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$1.86BNot available$464.00M$305.00M
Mar 31, 2026$1.73BNot available$429.00M$270.00M
Dec 31, 2025$1.84BNot available$427.00M$327.00M
Sep 30, 2025$1.87BNot available$376.00M$143.00M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$1.86B Aug 5, 2026
Latest report · revenue estimate
$1.81B Aug 5, 2026
Latest report · revenue vs estimate
Above estimate Aug 5, 2026
Latest report · EPS vs estimate
Above estimate Aug 5, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 5, 2026$1.86B$1.81B$0.3800$0.3435
May 7, 2026$1.73B$1.61B$0.3400$0.2672
Feb 5, 2026$1.84B$1.77B$0.3300$0.4000
Nov 20, 2025$1.87B$1.77B$0.2100$0.3500

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q3 FY2026$1.86B$204M$0.39 (diluted)
Q2 FY2026$1.73B$183M$0.35 (diluted)
Q1 FY2026$1.84B$176M$0.34 (diluted)
Q4 FY2025$1.87B$109M$0.21 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Warner Music Group (WMG)?

Short answer

Cash and short-term investments were $618.00M at the Jun 30, 2026 balance-sheet date. Operating cash flow was $142.00M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-13.

Operating cash flow has remained positive but uneven, and the latest period comfortably covered capital spending. Cash declined across the reported window despite interim increases, so recent profitability has not produced a steadily rising liquidity balance.

Debt substantially exceeds available cash and short-term investments, while liquidity ratios indicate limited coverage of near-term obligations. The negative net-cash position and cautionary distress screen make sustained cash conversion important, especially because dividends have continued and recently edged higher.

A setback in recorded-music licensing, catalog exploitation or artist releases would pressure gross profit while debt obligations remained. Available liquidity provides flexibility, but it does not neutralize the leverage.

Sources (as of 2026-09-13): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash against market value; Trailing twelve-month ratio set; Distress and quality screens; Recent dividends paid; Business description

Data-derived red flags

  • Financial-distress signal — its Altman Z-Score of 1.60 sits in the distress zone (elevated bankruptcy risk).
  • Inconsistent delivery — missed Wall Street EPS estimates in 5 of the last 8 reported quarters.

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$142.00M Jun 30, 2026
Previous quarter · operating cash flow
$134.00M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$142.00M−$28.00M
Mar 31, 2026$134.00M−$27.00M
Dec 31, 2025$440.00M−$50.00M
Sep 30, 2025$231.00M−$28.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Warner Music Group (WMG)?

Short answer · as of

The next earnings report is expected on Nov 19, 2026.

Research dated 2026-09-13.

At the upcoming earnings release, watch whether revenue remains near its recent high while operating profit and operating cash flow retain their gains. Warner Music Group has previously exceeded revenue expectations while missing earnings expectations, so another top-line beat would not establish that conversion is durable.

Artificial-intelligence licensing deserves a separate checkpoint. Management expects material revenue contribution in a future fiscal period; confirmation requires recognized revenue rather than another statement of intent. Longer-range consensus also pairs continued revenue growth with an uneven earnings path, keeping margin and cash conversion central.

Finance leadership is another concrete watchpoint: the named finance chief is serving in an acting capacity, and recent filings include changes involving directors or principal officers.

Sources (as of 2026-09-13): Next earnings report; Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts; Analyst revenue and earnings estimates (average); Trailing twelve-month ratio set; Named officers; Recent SEC filings

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Lou just mentioned we expect material revenue contributions from our AI licensing sources in the fiscal 2027 year.

    Robert Kyncl ·

5 · Peer comparison

How does Warner Music Group compare with its peers?

Short answer

Warner Music Group's score ranks 5th of 6 in the bounded comparison shown, against 5 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-13.

Streaming services aggregate listeners and sell access; Warner Music Group supplies those services with licensed recordings and compositions. Its economics therefore depend on the use and monetization of rights across outside distribution channels, alongside physical sales, downloads and other licensing outlets.

Warner Chappell also separates the company from a record-label-only model by adding composition ownership and administration to the recording business. Recorded Music remains the larger reported revenue source, but the publishing operation can monetize a song through rights distinct from the sound recording.

Sources (as of 2026-09-13): Sector / industry (provider taxonomy); Business description; Revenue by segment

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Roku, Inc. (ROKU) Named competitor$152.39 Oct 2, 2026$22.6B91 5-pillar Oct 4, 2026
Telkom Indonesia Persero Tbk PT ADR (TLK) Named competitor$12.55 Oct 2, 2026$12.4B78 5-pillar Oct 4, 2026
Telefônica Brasil S.A. (VIV) Named competitor$11.54 Oct 2, 2026$18.5B72 5-pillar Oct 4, 2026
News Corporation (NWSA) Named competitor$28.69 Oct 2, 2026$16.1B71 5-pillar Oct 4, 2026
Warner Music Group (WMG) — this page$26.82$14.0B61
Omnicom Group Inc. (OMC) Named competitor$74.15 Oct 2, 2026$20.3B54 5-pillar Oct 4, 2026
TKO Group Holdings, Inc. (TKO) Same industry, near in market value$175.58 Date unavailable$13.2B— Model unavailable
Paramount Skydance Corporation (PSKY) Same industry, near in market value$9.50 Date unavailable$10.3B— Model unavailable
Madison Square Garden Sports Corp. (MSGS) Same industry, near in market value$406.95 Date unavailable$9.80B— Model unavailable
Formula One Group (FWONA) Same industry, near in market value$83.39 Date unavailable$20.9B— Model unavailable
Liberty Live Group (LLYVA) Same industry, near in market value$95.72 Date unavailable$9.11B— Model unavailable
Sirius XM Holdings Inc. (SIRI) Same industry, near in market value$25.72 Date unavailable$8.67B— Model unavailable
Fox Corporation (FOX) Same industry, near in market value$55.89 Date unavailable$24.5B— Model unavailable

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Communication Services stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$36.00 – $43.00
Consensus target
$39.50
Median target
$39.50

Consensus record · Captured .

Measured against a quoted price of $26.82 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Sep 1, 2026

Transactions
17
Identified insiders
9
Purchases
0
Sales
0
Other transactions
17

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
30.7% Period end Jun 30, 2026
Previous quarter · ownership
29.7% Prior to period end Jun 30, 2026
Reporting holders
347 Period end Jun 30, 2026
Previous quarter · holders
329 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Independent Franchise Partners Llp12,997,804
Darsana Capital Partners LP11,943,199
Jpmorgan Chase & Co11,188,756
Blackrock, INC.10,209,746
Barrow Hanley Mewhinney & Strauss LLC8,909,122

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Warner Music Group (WMG)?

Read these with our analysis →

What Investors Ask About Warner Music Group (WMG) — Communication Services

Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

What does Warner Music Group's Recorded Music segment sell to streaming platforms?

The segment licenses recordings and distributes music from current artists and its catalog. Warner Music Group is the rights supplier in that relationship, not the consumer subscription service.

Sources (as of 2026-09-13): Business description; Revenue by segment

How does Warner Chappell Music differ from Warner Music Group's record labels?

Warner Chappell owns, acquires and administers composition rights for songwriters and composers, including music used in film and television. The labels develop artists and monetize recorded performances.

Sources (as of 2026-09-13): Business description; Revenue by segment

Could artificial-intelligence licensing already explain Warner Music Group's latest profit improvement?

Management described material revenue contributions from artificial-intelligence licensing as expected in a future fiscal period. The latest improvement should therefore be treated separately from that prospective channel.

Sources (as of 2026-09-13): Management outlook — dated call excerpts; Quarterly income statement (USD thousands)

Why can Warner Music Group beat revenue estimates while missing earnings estimates?

Revenue must still pass through gross profit, selling and administrative expense, and other items before becoming earnings. Warner Music Group's reporting history includes periods when revenue surpassed expectations but earnings fell short, showing that release and licensing strength does not automatically produce the expected profit.

Sources (as of 2026-09-13): Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands)

What is the WMG stock price today?

The last price recorded on this page for Warner Music Group Corp. (WMG) is $26.82, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the WMG price target?

The analyst consensus price target for Warner Music Group Corp. (WMG) is $39.50 (range $36.00 to $43.00, median $39.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Does WMG pay a dividend?

Yes. Warner Music Group Corp. (WMG) shows a trailing 12-month dividend yield of 2.87%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-13): Legal name; Business description; Revenue by segment; Operating cash flow by quarter (USD millions); Cash, investments and debt; Management outlook — dated call excerpts

Sources — records for every figure on this page (81 figures)

The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsRobert Kyncl (Aug 6, 2026): Lou just mentioned we expect material revenue contributions from our AI licensing sources in the fiscal 2027 year.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressNEW York, NYOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "1633 Broadway, New York City, NY, 10019, US".

FMP — 70 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 19, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$26.82FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:35.379Z.
px.changeChange on the day-0.87%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$14.0BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:00.000Z. Captured from FMP at 2026-10-04T20:54:34.453Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$0.235FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q3 FY2026$1.86BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$23.34–$35.42FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)20.79FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day2.54MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.3FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveRobert KynclFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees5,500FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $5.30B, net result $304.00M; FY2022 revenue $5.92B, net result $551.00M; FY2023 revenue $6.04B, net result $430.00M; FY2024 revenue $6.43B, net result $435.00M; FY2025 revenue $6.71B, net result $365.00MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsRecorded Music $5.41B · Music Publishing $1.31BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)45.8%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$1.86BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$464.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$305.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$1.73BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$429.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$270.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$1.84BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$427.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$327.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$1.87BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$376.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$143.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-05.revenue_actualRevenue · reported — report date 2026-08-05$1.86BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.revenue_estimatedRevenue · estimate — report date 2026-08-05$1.81BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_actualEPS · reported — report date 2026-08-05$0.3800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_estimatedEPS · estimate — report date 2026-08-05$0.3435Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.revenue_actualRevenue · reported — report date 2026-05-07$1.73BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.revenue_estimatedRevenue · estimate — report date 2026-05-07$1.61BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.eps_actualEPS · reported — report date 2026-05-07$0.3400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.eps_estimatedEPS · estimate — report date 2026-05-07$0.2672Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.revenue_actualRevenue · reported — report date 2026-02-05$1.84BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.revenue_estimatedRevenue · estimate — report date 2026-02-05$1.77BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.eps_actualEPS · reported — report date 2026-02-05$0.3300Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.eps_estimatedEPS · estimate — report date 2026-02-05$0.4000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-20.revenue_actualRevenue · reported — report date 2025-11-20$1.87BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-20.revenue_estimatedRevenue · estimate — report date 2025-11-20$1.77BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-20.eps_actualEPS · reported — report date 2025-11-20$0.2100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-20.eps_estimatedEPS · estimate — report date 2025-11-20$0.3500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q3 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$618.00MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$142.00MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$4.92BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value16.38×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$142.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$134.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$28.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$27.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$440.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$50.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$231.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$28.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$36.00 – $43.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$39.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$39.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP17 transactions · 0 purchases, 0 sales, 17 other transactions · 9 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Sep 1, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership30.7%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership29.7%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders347FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders329FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesIndependent Franchise Partners Llp — shares in provider snapshot12,997,804FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesDarsana Capital Partners LP — shares in provider snapshot11,943,199FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesJpmorgan Chase & Co — shares in provider snapshot11,188,756FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesBlackrock, INC. — shares in provider snapshot10,209,746FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesBarrow Hanley Mewhinney & Strauss LLC — shares in provider snapshot8,909,122FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 3 of 8UNRECORDEDStored earnings-history observation — Captured 2026-09-16 · Expired observation
fin.scoresDistress and quality screensAltman Z 1.60 · Piotroski F 6UNRECORDEDStored financial-scores observation — Captured 2026-10-04

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments22.65×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $618.00M at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$0.77COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months2.87%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-08-05.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.86B) with the recorded estimate ($1.81B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-05.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.3800) with the recorded estimate ($0.3435) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v261 of 100 · Fair · pillars 80 / 31 / 39 / 62 / 63OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement62 (stored snapshot Oct 3, 2026) → 61 (current publication computed Oct 4, 2026) (-1)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-05. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-05.revenue_actual, earn.history.depth.2026-08-05.revenue_estimated, earn.history.depth.2026-08-05.revenue_actual.comparison, earn.history.depth.2026-08-05.eps_actual.comparison, earn.history.depth.2026-08-05.eps_actual, earn.history.depth.2026-08-05.eps_estimated, earn.history.depth.2026-05-07.revenue_actual, earn.history.depth.2026-05-07.revenue_estimated, earn.history.depth.2026-05-07.eps_actual, earn.history.depth.2026-05-07.eps_estimated, earn.history.depth.2026-02-05.revenue_actual, earn.history.depth.2026-02-05.revenue_estimated, earn.history.depth.2026-02-05.eps_actual, earn.history.depth.2026-02-05.eps_estimated, earn.history.depth.2025-11-20.revenue_actual, earn.history.depth.2025-11-20.revenue_estimated, earn.history.depth.2025-11-20.eps_actual, earn.history.depth.2025-11-20.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
Warner Music Group Corp.
2025-11-20OFFICIALSEC EDGAR — 10-K filed 2025-11-20
Business description
Warner Music Group Corp. (WMG), established in 1929 and based in New York City, functions as a prominent global entertainment enterprise primarily focused on music. Its operations span the United States, the United Kingdom, Germany, and numerous other international markets. The company's activities are organized into two distinct divisions: Recorded Music and Music Publishing. The Recorded Music division is dedicated to identifying and cultivating emerging musical talent. It handles the subsequent marketing, promotional campaigns, distribution logistics, sales, and licensing of the recordings produced by these artists. This segment also actively markets its vast catalog of existing music, issuing compilations, re-releases of classic tracks and videos, and previously unreleased material. Its operations are chiefly conducted through a diverse portfolio of renowned record labels, including but not limited to Warner Records, Atlantic Records, Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. Music and video products are distributed and sold by this division to a wide array of channels, encompassing direct retailers, wholesale distributors, independent labels, various distribution centers and joint ventures, physical retail locations, online stores, streaming platforms, and digital download services. The Music Publishing division is responsible for owning and acquiring the intellectual property rights to approximately one million musical compositions. This extensive collection includes iconic pop hits, American classics, folk melodies, and scores for motion pictures and theatrical productions. Its comprehensive catalog represents the work of roughly 100,000 songwriters and composers, covering an expansive spectrum of musical styles such as pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. Furthermore, this segment provides administrative services for the musical scores and soundtracks associated with various external television and film production companies and studios.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Recorded Music: $5.41B; Music Publishing: $1.31B
2025-09-30FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$28.00M, Operating cash flow: $142.00M
  • Quarter ended 2026-03-31 — Capital expenditure: -$27.00M, Operating cash flow: $134.00M
  • Quarter ended 2025-12-31 — Capital expenditure: -$50.00M, Operating cash flow: $440.00M
  • Quarter ended 2025-09-30 — Capital expenditure: -$28.00M, Operating cash flow: $231.00M
  • Quarter ended 2025-06-30 — Capital expenditure: -$39.00M, Operating cash flow: $46.00M
  • Quarter ended 2025-03-31 — Capital expenditure: -$115.00M, Operating cash flow: $69.00M
  • Quarter ended 2024-12-31 — Capital expenditure: -$36.00M, Operating cash flow: $332.00M
  • Quarter ended 2024-09-30 — Capital expenditure: -$97.00M, Operating cash flow: $304.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Cash, investments and debt
Total debt: $4.92B; Liquidity basis: cash and short-term investments; Total liabilities: $9.64B; Cash and short-term investments: $618.00M; Cash and investments: $618.00M; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Management outlook — dated call excerpts
Captured record · 1 entry
  • Call of 2026-08-06 — Quote: Lou just mentioned we expect material revenue contributions from our AI licensing sources in the fiscal 2027 year., Speaker: Robert Kyncl

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-06OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Sector / industry (provider taxonomy)
Communication Services / Entertainment

The company's SEC filings classify it under SIC 7900 — Services-Amusement & Recreation Services.

2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $6.71B, Period end: 2025-09-30, Net result: $365.00M
  • FY2024 — R&D: $0, Revenue: $6.43B, Period end: 2024-09-30, Net result: $435.00M
  • FY2023 — R&D: $0, Revenue: $6.04B, Period end: 2023-09-30, Net result: $430.00M
  • FY2022 — R&D: $0, Revenue: $5.92B, Period end: 2022-09-30, Net result: $551.00M
  • FY2021 — R&D: $0, Revenue: $5.30B, Period end: 2021-09-30, Net result: $304.00M
2025-09-30FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $0.39 per share, SG&A: $464.00M, EPS basic: $0.39 per share, EPS basis: diluted, Revenue: $1.86B, EPS diluted: $0.39 per share, Net result: $204.00M, Gross profit: $854.00M, Operating result: $305.00M
  • Quarter ended 2026-03-31 — EPS: $0.35 per share, SG&A: $429.00M, EPS basic: $0.35 per share, EPS basis: diluted, Revenue: $1.73B, EPS diluted: $0.35 per share, Net result: $183.00M, Gross profit: $802.00M, Operating result: $270.00M
  • Quarter ended 2025-12-31 — EPS: $0.34 per share, SG&A: $427.00M, EPS basic: $0.34 per share, EPS basis: diluted, Revenue: $1.84B, EPS diluted: $0.34 per share, Net result: $176.00M, Gross profit: $853.00M, Operating result: $327.00M
  • Quarter ended 2025-09-30 — EPS: $0.21 per share, SG&A: $376.00M, EPS basic: $0.21 per share, EPS basis: diluted, Revenue: $1.87B, EPS diluted: $0.21 per share, Net result: $109.00M, Gross profit: $834.00M, Operating result: $143.00M
  • Quarter ended 2025-06-30 — EPS: -$0.0307 per share, SG&A: $471.00M, EPS basic: -$0.0307 per share, EPS basis: diluted, Revenue: $1.69B, EPS diluted: -$0.0307 per share, Net result: -$16.00M, Gross profit: $776.00M, Operating result: $169.00M
  • Quarter ended 2025-03-31 — EPS: $0.0692 per share, SG&A: $422.00M, EPS basic: $0.0692 per share, EPS basis: diluted, Revenue: $1.48B, EPS diluted: $0.0692 per share, Net result: $36.00M, Gross profit: $693.00M, Operating result: $168.00M
  • Quarter ended 2024-12-31 — EPS: $0.45 per share, SG&A: $445.00M, EPS basic: $0.45 per share, EPS basis: diluted, Revenue: $1.67B, EPS diluted: $0.45 per share, Net result: $236.00M, Gross profit: $772.00M, Operating result: $214.00M
  • Quarter ended 2024-09-30 — EPS: $0.0773 per share, SG&A: $469.00M, EPS basic: $0.0775 per share, EPS basis: diluted, Revenue: $1.63B, EPS diluted: $0.0773 per share, Net result: $41.00M, Gross profit: $776.00M, Operating result: $143.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-05 — EPS actual: $0.38 per share, EPS estimated: $0.3435 per share, Revenue actual: $1.86B, Revenue estimated: $1.81B
  • Reported 2026-05-07 — EPS actual: $0.34 per share, EPS estimated: $0.2672 per share, Revenue actual: $1.73B, Revenue estimated: $1.61B
  • Reported 2026-02-05 — EPS actual: $0.33 per share, EPS estimated: $0.4 per share, Revenue actual: $1.84B, Revenue estimated: $1.77B
  • Reported 2025-11-20 — EPS actual: $0.21 per share, EPS estimated: $0.35 per share, Revenue actual: $1.87B, Revenue estimated: $1.77B
  • Reported 2025-08-07 — EPS actual: -$0.03 per share, EPS estimated: $0.2903 per share, Revenue actual: $1.69B, Revenue estimated: $1.59B
  • Reported 2025-05-08 — EPS actual: $0.07 per share, EPS estimated: $0.2818 per share, Revenue actual: $1.48B, Revenue estimated: $1.52B
  • Reported 2025-02-06 — EPS actual: $0.45 per share, EPS estimated: $0.34 per share, Revenue actual: $1.67B, Revenue estimated: $1.53B
  • Reported 2024-11-21 — EPS actual: $0.08 per share, EPS estimated: $0.28 per share, Revenue actual: $1.63B, Revenue estimated: $1.59B
2026-08-05FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-08-05OFFICIALSEC EDGAR filer submissions
Cash and investment components
Total basis: cash short and long-term investments; Total: $618.00M; Cash and short-term investments: $618.00M; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $618.00M, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $741.00M, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $751.00M, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $532.00M, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $527.00M, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $637.00M, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $802.00M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $694.00M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $618.00M; Decline: $76.00M; Opening balance: $694.00M; Average change per period: $10.90M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$4.30B; Total debt: $4.92B; Cash and investments: $618.00M

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Trailing twelve-month ratio set
Quick ratio: 0.72; Current ratio: 0.73; Debt to equity: 5.76; Net margin: 9.2%; Gross margin: 45.8%; Operating margin: 14.3%; Return on assets: 6.3%; Return on equity: 90.8%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-13FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: 1.65; Piotroski F-score: 6

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-13FMPFinancial Modeling Prep (FMP) financial scores
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-08-20, Payment date: 2026-09-01, Amount per share: $0.2
  • Ex date: 2026-05-26, Payment date: 2026-06-02, Amount per share: $0.19
  • Ex date: 2026-02-18, Payment date: 2026-03-03, Amount per share: $0.19
  • Ex date: 2025-11-19, Payment date: 2025-12-02, Amount per share: $0.19

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-08-20FMPFinancial Modeling Prep (FMP) dividend history
Next earnings report
Date: 2026-11-19; EPS estimate: $0.4 per share; Revenue estimate: $1.90B

The date is our provider's estimate until the company confirms it.

2026-09-13FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $1.8 per share, Revenue average: $7.78B, Revenue low: $7.73B, Revenue high: $7.87B, Analysts (revenue): 12
  • FY2028 — EPS average: $2.07 per share, Revenue average: $8.26B, Revenue low: $8.04B, Revenue high: $8.59B, Analysts (revenue): 14
  • FY2029 — EPS average: $1.69 per share, Revenue average: $9.01B, Revenue low: $8.87B, Revenue high: $9.25B, Analysts (revenue): 7
  • FY2030 — EPS average: $2.51 per share, Revenue average: $9.19B, Revenue low: $9.04B, Revenue high: $9.43B, Analysts (revenue): 7
2026-09-13FMPFinancial Modeling Prep (FMP) analyst estimates
Named officers
CEO: Robert Kyncl; Officers: Armin Zerza — Title: Executive Officer, Pay: $2.34M, Born: 1970; Louis Dickler — Title: Acting CFO, Senior VP, Global Controller & Chief Accounting Officer, Pay: $1.06M, Born: 1978; Robert Kyncl — Title: President, Chief Executive Officer & Director, Pay: $5.23M, Born: 1971; Tom Corson — Title: Chief Operating Officer; Carianne Marshall — Title: Co-Chair & Chief Operating Officer of Warner Chappell Music, Pay: $3.86M, Born: 1978; Carletta Higginson — Title: Executive VP & Chief Digital Officer, Pay: $3.13M, Born: 1978; Guy Moot — Title: Co-Chair & Chief Executive Officer of Warner Chappell Music, Pay: $4.49M, Born: 1966; Kareem Chin — Title: Senior Vice President & Head of Investor Relations

Titles and pay come from the company's proxy statement as our provider parsed it.

2026-09-13FMPFinancial Modeling Prep (FMP) key executives (proxy-derived)
Recent SEC filings2026-09-04OFFICIALSEC EDGAR filer submissions
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.