WMG NASDAQ
Warner Music Group Corp.
1W: -3.3%
1M: +11.6%
3M: +3.8%
YTD: +0.2%
1Y: -7.1%
3Y: +1.0%
5Y: -30.8%
$30.31
+0.02 (+0.07%)
Pre-Market: $29.10 (-1.21, -3.99%)
Weekly Expected Move ±4.4%
$28
$30
$31
$32
$34
Credit Risk of going bust: lower than 64% of companies Debt: 23.7% of company value Bonds: $97.4M held by 58 funds, 95 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.64 (down 98%), Warner Music Group Corp. would be worth roughly what it owes.
Total debt $4.92B against a stock market value of $15.86B.
Distance to default 6.65 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.35B (short-term plus half of long-term), stock volatility 35.0%; Altman Z'' -0.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.64 (down 98%), Warner Music Group Corp. would be worth roughly what it owes.
Total debt $4.92B against a stock market value of $15.86B.
Distance to default 6.65 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.35B (short-term plus half of long-term), stock volatility 35.0%; Altman Z'' -0.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$6.7B
+4.4% ▲
5Y CAGR: +8.5%
Gross Profit
$3.1B
+0.1% ▲
5Y CAGR: +7.6%
Operating Income
$694M
-15.7% ▼
Net Income
$365M
-16.1% ▼
EPS (Diluted)
$0.70
-16.7% ▼
EBITDA
$1.1B
+2.3% ▲
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.9B | $6.0B | $6.4B | $6.7B |
| YoY Growth | +18.8% | +11.7% | +2.0% | +6.4% | +4.4% |
| Cost of Revenue | $2.7B | $3.1B | $3.2B | $3.4B | $3.6B |
| Gross Profit | $2.6B | $2.8B | $2.9B | $3.1B | $3.1B |
| Gross Margin | 48.3% | 48.0% | 47.4% | 47.8% | 45.8% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $1.7B | $1.8B | $1.7B | $1.8B | $1.7B |
| Operating Expenses | $1.9B | $2.1B | $2.1B | $2.2B | $2.4B |
| Operating Income | $609M | $714M | $790M | $823M | $694M |
| Operating Margin | 11.5% | 12.1% | 13.1% | 12.8% | 10.3% |
| Interest Expense | $122M | $125M | $141M | $161M | $159M |
| Income Before Tax | $456M | $740M | $609M | $601M | $490M |
| Tax Expense | $149M | $185M | $170M | $123M | $120M |
| Net Income | $304M | $551M | $430M | $435M | $365M |
| Net Margin | 5.7% | 9.3% | 7.1% | 6.8% | 5.4% |
| EPS (Diluted) | $0.60 | $1.06 | $0.84 | $0.84 | $0.70 |
| EBITDA | $884M | $1.2B | $1.1B | $1.1B | $1.1B |
| Shares Outstanding | 513M | 520M | 516M | 518M | 519M |