Warner Music Group Corp. (WMG) stock
Close on Nov 12, 2026Market cap $16.57BP/E –Yield 2.31%
Warner Music Group Corp. grew revenue 12.9% to $7.30B over the twelve months to Jun 30, 2026. Operating income rose 44.1% to $1.00B, moving the operating margin from 10.7% to 13.7%. Free cash flow was $836.00M, up 37.7% from a year earlier. At the latest close the market valued the company at $16.57B.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026
Valuation
- Market cap
- $16.57B
- P/E ratio
- –
- Price to sales
- 2.27
- Price to book
- 19.40
- Dividend yield
- 2.31%
- Free cash flow yield
- 5.05%
Fundamentals
- Revenue
- $7.30B
- Net income
- $672.00M
- Free cash flow
- $836.00M
Trading
- Next earnings
- Nov 19, 2026 (estimated, before the open)
- Previous close
- $31.85
- Open
- $31.96
- Day's range
- $31.59 – $32.17
- Volume
- 1,089,970
- Average volume (20 days)
- 1,998,521
- Index membership
- S&P MidCap 400 (since Aug 2024)
- Beta (5 years)
- 1.04
- 52-week range
- $23.34 – $35.42
- RSI (14 days)
- 59.6
- Volatility (1 year)
- 35.1%
- Relative volume
- 0.52×
- WACC
- 10.1%
Index membership is inferred from the holdings of funds that track each index (IJH, SPMD), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | WMG | S&P 500 | Difference | WMG per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +10.5% | -2.7% | +13.2 pts | ||
| 3 months | +28.7% | -1.7% | +30.4 pts | ||
| Year to date | +5.3% | +11.9% | −6.6 pts | ||
| 1 year | +5.7% | +12.0% | −6.3 pts | ||
| 3 years | +4.1% | +78.2% | −74.1 pts | +1.3% | +21.2% |
| 5 years | -26.8% | +73.2% | −100.0 pts | -6.0% | +11.6% |
| 10 years | +337.2% | +309.6% | +27.6 pts | +15.9% | +15.1% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
Free cash flow
Press releases
Releases Warner Music filed with the SEC as exhibits to Form 8-K or 6-K
- News
- Results
- Results
- Results
- Update
- Results
About Warner Music
Services-Amusement & Recreation Services
Warner Music Group Corp. is a global music entertainment company operating primarily through two business segments: Recorded Music and Music Publishing. The Recorded Music segment discovers, develops, and markets recording artists, distributing recordings through iconic labels such as Atlantic Records, Warner Records, Elektra Records, and Parlophone Records. The Music Publishing segment, conducted via Warner Chappell Music, acquires rights to and licenses musical compositions, representing a catalog of over two million works from more than 190,000 songwriters and composers. Its customers and commercial partners include individual listeners and fans, digital streaming services, social media and technology platforms, broadcasters, public venues, and media producers seeking synchronization licenses for film, television, advertising, and video games.
Company profile, executives and historyWarner Music stock: common questions
What is Warner Music's stock price?
WMG closed at $31.67 on Nov 12, 2026, down 0.57% on the day. Over the past 52 weeks it traded between $23.34 and $35.42.
What is Warner Music's market cap?
Warner Music was worth $16.57B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
How much revenue does Warner Music make?
Warner Music reported revenue of $7.30B for the twelve months to Jun 30, 2026, up 12.9% from a year earlier.
Does Warner Music pay a dividend?
Yes. Warner Music paid $0.73 per share over the last twelve months, a yield of 2.31% at the latest price, and has raised its annual dividend 4 years in a row.
When does Warner Music report earnings next?
Warner Music is expected to report Q4 FY2026 results on Nov 19, 2026, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has WMG stock performed over the past year?
Including dividends, WMG returned +5.7% over the past year, against +12.0% for the S&P 500.
How many WMG shares are sold short?
7M shares were sold short at the latest FINRA report, 5.05% of the float, or 3.4 days of average trading volume.
Who are Warner Music's competitors?
Companies most similar to Warner Music by business, industry and size include TKO, LYV, RSVR, FUN, LLYVA.
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