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StockVS

NASDAQ · Entertainment · USD

Warner Music Group Corp. (WMG) Stock Analysis

Warner Music Group Corp. (WMG) is a Entertainment stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

WMG

$31.44

+$0.11 (+0.35%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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WMG Key Statistics

As of Oct 21, 2026
Trading
Open
$31.01
Previous Close
$31.33
Day's Range
31.01–31.48
52-Week Range
23.34–35.42
Volume
1.86M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.40
Valuation
Market Cap
$16.45B
P/E Ratio
25.15
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
15.98
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.56
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.25
EPS (ttm)Profit attributable to each share over the last twelve months.
1.25
Financials (FY)
Revenue (FY)
$6.71B+4.37%
Net Income (FY)
$365.00M−16.09%
Profit marginThe share of revenue left as profit after all costs and taxes.
9.20%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
147.73M
1-Year Return
−4.24%
Dividend and dates
Dividend
$0.80+2.55%
Ex-Dividend Date
August 20, 2026
Earnings Date
November 19, 2026
Avg Volume
2.20M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, WMG closed at $31.44, −4.24% over 1 year.

Warner Music Group Corp. (WMG) has a market capitalization of $16.45B.

In fiscal 2025, WMG reported revenue of $6.71B.

WMG Stock Return by Calendar Year

Warner Music Group Corp. (WMG) return since Jun 2020: what $10,000 became

1 year
$10,000 $9,576
−4.24%
5 years
$10,000 $7,257
−27.43%
Since Jun 2020
$10,000 $11,801
+18.01%

If you had invested $10,000 in Warner Music Group Corp. (WMG) at the close on June 3, 2020, the earliest close on record here, it would have been worth $11,801 at the close on October 21, 2026: +18.01% in total, +2.63% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+3.74%
2025+1.36%
2024−11.48%
2023+4.44%
2022−17.21%
2021+15.31%
2020 (partial year)+27.16%

As of October 21, 2026.

WMG Revenue and Earnings by Fiscal Year

FY ends September
Fiscal yearRevenueNet incomeNet margin
2025$6.71B$365.00M5.4%
2024$6.43B$435.00M6.8%
2023$6.04B$430.00M7.1%
2022$5.92B$551.00M9.3%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$6.71B$3.08B$928.00M$365.00M5.4%
2024$6.43B$3.07B$968.00M$435.00M6.8%
2023$6.04B$2.86B$789.00M$430.00M7.1%
2022$5.92B$2.84B$714.00M$551.00M9.3%

Annual figures as reported, in the company's reporting currency. As of September 30, 2025.

WMG Dividend History

$0.74+5.7% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.583—
2025$0.744+5.7%
2024$0.704+6.1%
2023$0.664+6.5%
YearDividends per sharePaymentsChange
2026 (partial year)$0.583—
2025$0.744+5.7%
2024$0.704+6.1%
2023$0.664+6.5%
2022$0.624+14.8%
2021$0.544+125.0%
2020$0.242—

Most recent payment: $0.19 per share, ex-dividend August 20, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

WMG Valuation vs Entertainment Median

Median of 46 stocks
MetricWMGEntertainment medianvs median
P/E25.1525.150% above
P/S ratio2.251.1695% above
Profit margin9.20%−0.88%10.1 pts above

Medians across 46 Entertainment stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Warner Music Group Corp. (WMG) carries a market capitalisation of $16.45B. It is classified in the Entertainment industry, within the Communication Services sector. Headcount on file is 5,500.

The most recent close on file for WMG is $31.44, dated October 21, 2026. That is +$0.11 (+0.35%) against the previous close. Over the past 52 weeks the price has ranged from $23.34 to $35.42. The latest close sits 34.7% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $6.71B. That is +4.37% against the prior fiscal year, when revenue was $6.43B. Net income for the same year was $365.00M. That is −16.09% against the prior fiscal year. Profit margin runs at 9.2%. That is 10.1 percentage points above the Entertainment median of −0.88%. Trailing earnings per share are 1.25.

Across the 4 fiscal years on file, revenue moves from $5.92B in 2022 to $6.71B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

WMG trades at a trailing price-to-earnings ratio of 25.15. That is 0% above the Entertainment median of 25.15. On forward earnings the ratio is 15.98. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.56. Measured against sales, the shares trade at 2.25 times revenue. On price-to-sales that is 94.92% above the Entertainment median of 1.16. The medians here are taken across 46 Entertainment companies that report the metric.

Beta against the wider market is reported at 1.4. Annualized volatility over the trailing 6 years is 35.12%. The trailing one-year total return is −4.24%. Across 5 years the annualized return works out at −6.21%.

Growth & Income

WMG pays a dividend yielding 2.55%. That is 1 percentage points above the Entertainment median yield of 1.55%. At the indicated rate that is $0.80 a share a year. The ex-dividend date on file is August 20, 2026. Dividends are recorded for 7 calendar years; 2026 shows 3 payments totalling $0.58 a share. The year before, 2025, totalled $0.74 a share.

Across the complete calendar years on file, 2021 returned +15.31% and 2022 returned −17.21%. Of the 5 complete calendar years on file, 3 finished higher. So far in 2026 the total return is +3.74%.

Peer Comparison

Warner Music Group Corp. (WMG) operates in the Entertainment industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Warner Music Group Corp. WMG $16.45B 25.2
Netflix, Inc. NFLX $270.82B 18.8
The Walt Disney Company DIS $193.10B 23.1
Live Nation Entertainment, Inc. LYV $40.61B —

The Entertainment industry average P/E ratio is 25.2x. Warner Music Group Corp. trades at a P/E of 25.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Warner Music Group Corp.

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It also owns and acquires rights to approximately two million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions, as well as administers the music and soundtracks of various third-party television and film producers and studios. In addition, the company conducts its operation primarily through a collection of record labels, such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Nonesuch, Parlophone, Reprise, Sire, Spinnin' Records, and Warner Classics and Warner Records Nashville. Further, it markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. Its catalog includes songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, alternative, blues, gospel, and other Christian music. The company was founded in 1929 and is headquartered in New York, New York.

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