WMGNasdaqServices-Amusement & Recreation ServicesFiscal year ends September 30
Warner Music Group Corp.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$31.04−0.36 (-1.15%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- 2.35%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
30.5%
159M of 523M shares
Institutional holders
336
78 new, 56 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
3 buys · 0 sales
Net bought $3.00M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Barrow Hanley Mewhinney & Strauss LLC | 8,909,094 | 6.10% | 13G (passive) | Jun 30, 2026 |
| BlackRock, Inc. | 8,597,327 | 6.10% | 13G (passive) | Sep 30, 2024 |
| JPMorgan Chase & Co. | 8,185,560 | 5.50% | 13G (passive) amendment | Sep 30, 2026 |
| Darsana Capital Partners Gp LLC | 8,000,000 | 5.50% | 13G (passive) | Oct 28, 2025 |
| Darsana Capital GP LLC | 7,890,846 | 5.40% | 13G (passive) | Jun 4, 2025 |
| Darlington Partners GP, LLC | 7,551,884 | 5.10% | 13G (passive) | Mar 25, 2026 |
| Darlington Partners, L.P. | 7,346,019 | 5.20% | 13G (passive) | Jun 4, 2024 |
| Len Blavatnik | 374,517,252 | 72.10% | 13G (passive) amendment | Dec 31, 2024 |
| JPMorgan Chase & Co | 13,547,554 | 9.20% | 13G (passive) amendment | Mar 31, 2026 |
| Independent Franchise Partners, LLP | 13,378,864 | 9.23% | 13G (passive) | Mar 31, 2025 |
| Darlington Partners Capital Management, LP | 11,995,280 | 8.30% | 13G (passive) amendment | Mar 31, 2025 |
| Anand Desai | 11,850,000 | 8.10% | 13G (passive) amendment | Mar 31, 2026 |
| Ramsey B. Jishi | 10,370,280 | 7.30% | 13G (passive) amendment | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of WMG | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Independent Franchise Partners LLP | 12,997,804 | 2.48% | $351.85M | −36,450 | 2.31% |
| Darsana Capital Partners LP | 11,943,199 | 2.28% | $323.30M | +93,199 | 1.45% |
| JPMorgan Chase & Co | 11,188,756 | 2.14% | $297.68M | −2,519,152 | 0.02% |
| BlackRock, Inc. | 10,209,746 | 1.95% | $276.38M | +551,090 | 0.00% |
| Barrow Hanley Mewhinney & Strauss LLC | 8,909,122 | 1.70% | $241.17M | −352,552 | 0.73% |
| Darlington Partners Capital Management, LP | 6,705,884 | 1.28% | $181.53M | −846,000 | 8.01% |
| Vanguard Capital Management LLC | 6,221,543 | 1.19% | $168.42M | −17,135 | 0.00% |
| Vanguard Portfolio Management LLC | 5,885,298 | 1.13% | $159.32M | −7,601 | 0.01% |
| FIL Ltd | 5,827,313 | 1.11% | $157.75M | −44,512 | 0.11% |
| Goldman Sachs Group Inc | 4,977,489 | 0.95% | $134.74M | +3,296,931 | 0.01% |
| Cooke & Bieler LP | 4,620,824 | 0.88% | $125.09M | −149,770 | 1.45% |
| Thrivent Financial for Lutherans | 3,837,045 | 0.73% | $103.87K | +196,264 | 0.17% |
| State Street Corp | 2,701,899 | 0.52% | $73.14M | +38,068 | 0.00% |
| Qube Research & Technologies Ltd | 2,544,216 | 0.49% | $68.87M | +1,606,372 | 0.06% |
| FMR LLC | 2,515,422 | 0.48% | $68.09M | +2,112,678 | 0.00% |
| Aqr Capital Management LLC | 2,436,958 | 0.47% | $64.53M | −105,275 | 0.02% |
| Morgan Stanley | 2,408,509 | 0.46% | $65.20M | +148,900 | 0.00% |
| Geode Capital Management, LLC | 2,213,818 | 0.42% | $59.95M | −4,812 | 0.00% |
| Point72 Asset Management, L.P. | 1,912,689 | 0.37% | $51.78M | −576,750 | 0.06% |
| UBS Group AG | 1,892,477 | 0.36% | $51.23M | −117,287 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 336 | 159M | 30.5% | 78 / 122 | 104 / 56 | 21M | 15M |
| Q1 2026 | 318 | 154M | 29.5% | 69 / 134 | 86 / 48 | 33M | 16M |
| Q4 2025 | 302 | 151M | 28.8% | 62 / 108 | 99 / 53 | 21M | 37M |
| Q3 2025 | 299 | 167M | 31.9% | 83 / 96 | 83 / 37 | 36M | 19M |
| Q2 2025 | 254 | 150M | 28.6% | 33 / 89 | 97 / 44 | 15M | 14M |
| Q1 2025 | 267 | 149M | 28.5% | 49 / 115 | 76 / 37 | 28M | 26M |
| Q4 2024 | 255 | 147M | 28.2% | 37 / 93 | 88 / 45 | 16M | 26M |
| Q3 2024 | 265 | 158M | 30.2% | 65 / 91 | 88 / 47 | 43M | 20M |
| Q2 2024 | 250 | 146M | 27.9% | 55 / 86 | 81 / 53 | 42M | 28M |
| Q1 2024 | 250 | 131M | 25.1% | 52 / 102 | 60 / 42 | 19M | 15M |
| Q4 2023 | 240 | 127M | 24.2% | 63 / 70 | 74 / 24 | 18M | 14M |
| Q3 2023 | 204 | 123M | 23.5% | 42 / 59 | 72 / 40 | 19M | 18M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of WMG | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 5,008,658 | 0.96% | $135.58M | 0.11% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 4,401,579 | 0.84% | $119.15M | 0.01% | Jun 30, 2026 |
| Bridge Builder Large Cap Value Fund | 3,330,234 | 0.64% | $90.15M | 0.31% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 3,187,466 | 0.61% | $86.28M | 0.05% | Jun 30, 2026 |
| Independent Franchise Partners US Equity Fund | 1,847,576 | 0.35% | $50.01M | 3.71% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,835,315 | 0.35% | $49.68M | 0.11% | Jun 30, 2026 |
| Vanguard Selected Value Fund | 1,732,930 | 0.33% | $44.99M | 0.65% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 1,676,678 | 0.32% | $45.39M | 0.05% | Jun 30, 2026 |
| Strategic Advisers U.S. Total Stock Fund | 1,579,963 | 0.30% | $49.83M | 0.05% | May 31, 2026 |
| Oakmark Equity and Income Fund | 1,388,900 | 0.27% | $37.60M | 0.64% | Jun 30, 2026 |
| Goldman Sachs U.S. Tax-Managed Equity Fund | 1,229,411 | 0.24% | $33.28M | 0.70% | Jun 30, 2026 |
| Thrivent Large Cap Value Portfolio | 1,197,462 | 0.23% | $32.42M | 0.86% | Jun 30, 2026 |
| Thrivent Large Cap Value Fund | 1,172,736 | 0.22% | $30.44M | 0.82% | Jul 31, 2026 |
| JPMorgan Value Advantage Fund | 1,121,728 | 0.21% | $30.37M | 0.35% | Jun 30, 2026 |
| Bridge Builder Tax Managed Large Cap Fund | 1,037,016 | 0.20% | $28.07M | 0.34% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Louis Dickler | CAO & Acting CFO | 46,246 | 0.01% | Aug 11, 2026 |
| Thomas Charles Corson | Chief Operating Officer | 250,170 | 0.05% | Aug 7, 2026 |
| Armin Zerza | COO & CFO | 436,187 | 0.08% | May 26, 2026 |
| Hannah Jasmine Karp | EVP, Chief Comm. Officer | 19,225 | 0.00% | Feb 13, 2026 |
| Guy Moot | Co-Chair & CEO Warner Chappell | 229,084 | 0.04% | Jan 6, 2026 |
| Paul M. Robinson | EVP & General Counsel | 98,342 | 0.02% | Jan 6, 2026 |
| Robert Kyncl | CEO | 731,365 | 0.14% | Jan 6, 2026 |
| Maria Osherova | EVP, Chief Human Res. Officer | 96,827 | 0.02% | Jan 6, 2026 |
| James Steven | EVP, Chief Comm. Officer | 46,881 | 0.01% | Jan 6, 2026 |
| Carianne Marshall | Co-Chair & COO Warner Chappell | 229,084 | 0.04% | Jan 6, 2026 |
| Carletta Higginson | EVP, Chief Digital Officer | 200,596 | 0.04% | Jan 6, 2026 |
| Timothy Matusch | EVP Strategy & Operations | 87,649 | 0.02% | Apr 4, 2025 |
| Bryan Castellani | Chief Financial Officer | 136,515 | 0.03% | Jan 7, 2025 |
| Michael Lynton | Director | 53,886 | 0.01% | Sep 3, 2026 |
| Mathias Dopfner | Director | 30,693 | 0.01% | Sep 3, 2026 |
| Nancy Dubuc | Director | 29,989 | 0.01% | Sep 3, 2026 |
| Ynon Kreiz | Director | 46,832 | 0.01% | Sep 3, 2026 |
| Cecelia Kurzman | Director | 34,338 | 0.01% | Sep 3, 2026 |
| Noreena Hertz | Director | 30,693 | 0.01% | Sep 3, 2026 |
| Valentin Blavatnik | Director | 384,074 | 0.07% | Apr 20, 2026 |
| Lincoln E. Benet | Director | 242,360 | 0.05% | Dec 23, 2024 |
| Len Blavatnik | 10% owner | 377,768,341 | 72.22% | Apr 20, 2026 |
| Entertainment Holdings LLC AI | 10% owner | 452,813,050 | 86.56% | Apr 20, 2026 |
| AIBFF, Inc. | 10% owner | – | – | Apr 20, 2026 |
| Access Industries, Llc | 10% owner | – | – | Apr 20, 2026 |
| Access Industries Management, Llc | 10% owner | 243,529,518 | 46.55% | Apr 20, 2026 |
| Industries Holdings LLC Access | 10% owner | – | – | Apr 20, 2026 |
| Holdings II LLC Entertainment | 10% owner | – | – | Apr 20, 2026 |
| Industries Core Holdings LLC Access | 10% owner | – | – | Apr 20, 2026 |
| WMG Management Holdings, LLC | – | – | – | Dec 23, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Noreena Hertz Director | Sep 1, 2026 | Award | +45 | – | – | 30,693 |
| Cecelia Kurzman Director | Sep 1, 2026 | Award | +84 | – | – | 34,338 |
| Mathias Dopfner Director | Sep 1, 2026 | Award | +45 | – | – | 30,693 |
| Michael Lynton Director | Sep 1, 2026 | Award | +122 | – | – | 53,886 |
| Ynon Kreiz Director | Sep 1, 2026 | Award | +45 | – | – | 36,910 |
| Nancy Dubuc Director | Sep 1, 2026 | Award | +45 | – | – | 29,989 |
| Cecelia Kurzman Director | Jun 2, 2026 | Award | +38 | – | – | 34,221 |
| Ynon Kreiz Director | Jun 2, 2026 | Award | +38 | – | – | 36,865 |
| Nancy Dubuc Director | Jun 2, 2026 | Award | +38 | – | – | 29,944 |
| Mathias Dopfner Director | Jun 2, 2026 | Award | +38 | – | – | 32,277 |
| Michael Lynton Director | Jun 2, 2026 | Award | +56 | – | – | 53,716 |
| Noreena Hertz Director | Jun 2, 2026 | Award | +38 | – | – | 32,277 |
| Armin Zerza COO & CFO | May 21, 2026 | Gift | −27,521 | – | – | 408,666 |
| Armin Zerza COO & CFO | May 12, 2026 | Award | +209,132 | – | – | 463,251 |
| Armin Zerza COO & CFO | May 12, 2026 | Tax withholding | −27,064 | $33.60 | $909.35K | 436,187 |
| Mathias Dopfner Director | Mar 4, 2026 | Tax withholding | −1,629 | $28.29 | $46.08K | 30,610 |
| Mathias Dopfner Director | Mar 4, 2026 | Award | +6,186 | – | – | 32,239 |
| Nancy Dubuc Director | Mar 4, 2026 | Award | +6,186 | – | – | 29,906 |
| Ynon Kreiz Director | Mar 4, 2026 | Award | +6,186 | – | – | 36,827 |
| Cecelia Kurzman Director | Mar 4, 2026 | Award | +6,186 | – | – | 34,183 |
| Noreena Hertz Director | Mar 4, 2026 | Tax withholding | −1,629 | $28.29 | $46.08K | 30,610 |
| Noreena Hertz Director | Mar 4, 2026 | Award | +6,186 | – | – | 32,239 |
| Michael Lynton Director | Mar 4, 2026 | Award | +9,014 | – | – | 53,660 |
| Hannah Jasmine Karp EVP, Chief Comm. Officer | Feb 12, 2026 | Award | +19,225 | – | – | 19,225 |
| Robert Kyncl CEO | Jan 5, 2026 | Tax withholding | −43,014 | $30.74 | $1.32M | 731,365 |
| Paul M. Robinson EVP & General Counsel | Jan 5, 2026 | Tax withholding | −5,740 | $30.74 | $176.45K | 98,342 |
| Carletta Higginson EVP, Chief Digital Officer | Jan 5, 2026 | Tax withholding | −10,388 | $30.74 | $319.33K | 200,596 |
| Carianne Marshall Co-Chair & COO Warner Chappell | Jan 5, 2026 | Tax withholding | −13,122 | $30.74 | $403.37K | 229,084 |
| Maria Osherova EVP, Chief Human Res. Officer | Jan 5, 2026 | Tax withholding | −7,148 | $30.74 | $219.73K | 96,827 |
| Guy Moot Co-Chair & CEO Warner Chappell | Jan 5, 2026 | Tax withholding | −13,122 | $30.74 | $403.37K | 229,084 |
| Robert Kyncl CEO | Jan 4, 2026 | Award | +339,635 | – | – | 774,379 |
| Paul M. Robinson EVP & General Counsel | Jan 4, 2026 | Award | +48,062 | – | – | 104,082 |
| Carletta Higginson EVP, Chief Digital Officer | Jan 4, 2026 | Award | +116,949 | – | – | 210,984 |
| Carianne Marshall Co-Chair & COO Warner Chappell | Jan 4, 2026 | Award | +112,144 | – | – | 242,206 |
| Maria Osherova EVP, Chief Human Res. Officer | Jan 4, 2026 | Award | +59,276 | – | – | 103,975 |
| Guy Moot Co-Chair & CEO Warner Chappell | Jan 4, 2026 | Award | +112,144 | – | – | 242,206 |
| Armin Zerza Chief Financial Officer | Dec 11, 2025 | Buy | +35,778 | $28.12 | $1.01M | 254,119 |
| Valentin Blavatnik Director | Dec 2, 2025 | Buy | +35,810 | $27.88 | $998.38K | 104,074 |
| Valentin Blavatnik Director | Dec 2, 2025 | Buy | −35,810 | $27.88 | $998.38K | 104,074 |
| Robert Kyncl CEO, Director | Oct 13, 2025 | Award | +202,659 | – | – | 546,815 |
| Robert Kyncl CEO, Director | Oct 13, 2025 | Tax withholding | −112,071 | $32.15 | $3.60M | 434,744 |
| Armin Zerza Chief Financial Officer | May 12, 2025 | Award | +218,341 | – | – | 218,341 |
| Timothy Matusch EVP Strategy & Operations | Apr 2, 2025 | Sale | −1,000 | $31.43 | $31.43K | 87,649 |
| Nancy Dubuc Director | Mar 4, 2025 | Award | +5,289 | – | – | 23,580 |
| Michael Lynton Director | Mar 4, 2025 | Award | +7,706 | – | – | 44,442 |
| Noreena Hertz Director | Mar 4, 2025 | Award | +5,289 | – | – | 27,387 |
| Noreena Hertz Director | Mar 4, 2025 | Tax withholding | −1,474 | $33.09 | $48.77K | 25,913 |
| Ynon Kreiz Director | Mar 4, 2025 | Award | +5,289 | – | – | 30,501 |
| Mathias Dopfner Director | Mar 4, 2025 | Award | +5,289 | – | – | 27,387 |
| Mathias Dopfner Director | Mar 4, 2025 | Tax withholding | −1,474 | $33.09 | $48.77K | 25,913 |
| Cecelia Kurzman Director | Mar 4, 2025 | Award | +5,289 | – | – | 27,857 |
| Valentin Blavatnik Director | Feb 20, 2025 | Sale | −28,230 | $35.45 | $1.00M | 68,264 |
| Timothy Matusch EVP Strategy & Operations | Feb 14, 2025 | Sale | −1,103 | $36.49 | $40.25K | 88,649 |
| Maria Osherova EVP, Chief Human Res. Officer | Feb 12, 2025 | Sale | −6,553 | $33.90 | $222.15K | 44,699 |
| Maria Osherova EVP, Chief Human Res. Officer | Jan 6, 2025 | Tax withholding | −5,919 | $31.02 | $183.61K | 51,252 |
| Bryan Castellani Chief Financial Officer | Jan 6, 2025 | Tax withholding | −8,729 | $31.02 | $270.77K | 136,515 |
| James Steven EVP, Chief Comm. Officer | Jan 6, 2025 | Tax withholding | −5,651 | $31.02 | $175.29K | 53,322 |
| Carletta Higginson EVP, Chief Digital Officer | Jan 6, 2025 | Tax withholding | −5,951 | $31.02 | $184.60K | 94,035 |
| Guy Moot Co-Chair & CEO Warner Chappell | Jan 6, 2025 | Tax withholding | −12,504 | $31.02 | $387.87K | 130,062 |
| Paul M. Robinson EVP & General Counsel | Jan 6, 2025 | Tax withholding | −5,555 | $31.02 | $172.32K | 56,020 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Armin Zerza Former Officer | Oct 7, 2026 | 20,245 | $552.48K | Oct 7, 2026 | Restricted Stock Vesting |
| Zerza Armin Officer | Sep 3, 2026 | 63,299 | $1.87M | Sep 3, 2026 | Acquired as compensation -- Restricted Stock Units |
| Timothy Matusch Officer | Apr 2, 2025 | 1,000 | $31.43K | Apr 2, 2025 | Restricted Stock Vesting |
| Timothy Matusch Officer | Feb 14, 2025 | 1,103 | $40.25K | Feb 14, 2025 | Restricted Stock Vesting |
| Maria Osherova Officer | Feb 12, 2025 | 6,553 | $222.16K | Feb 12, 2025 | Restricted Stock Vesting |
| George Lousada Max Affiliate | Dec 11, 2024 | 385,475 | $12.52M | Dec 11, 2024 | Performance Stock Units |
| George Lousada Max Affiliate | Dec 10, 2024 | 458,534 | $14.77M | Dec 10, 2024 | Performance Stock Units |
| George Lousada Max Affiliate | Dec 9, 2024 | 25,000 | $808.75K | Dec 9, 2024 | Performance Stock Units |
| George Lousada Max Affiliate | Sep 3, 2024 | 934,467 | $26.40M | Sep 3, 2024 | Performance Stock Units |
| George Lousada Max Affiliate | Dec 5, 2023 | 869,008 | $28.99M | Dec 5, 2023 | Performance Stock Units |