Warner Music Group Corp. (WMG) FY2026 YTD Q3 P&L / Income Statement

Warner Music Group Corp. (WMG) FY2026 YTD Q3 P&L / Income Statement

Income statement for 2025-10-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

5,436,000,000 US dollars

Cost of revenue

2,927,000,000 US dollars

Gross profit (calculated)

2,509,000,000 US dollars

Operating costs, including other operating expenses (calculated)

1,652,000,000 US dollars

Operating income

857,000,000 US dollars

Other income (expense), net (calculated)

negative 90,000,000 US dollars

Income (loss) before income taxes

767,000,000 US dollars

Income tax expense

211,000,000 US dollars

Net income (loss) attributable to Warner Music Group Corp.

563,000,000 US dollars

Recorded Music

4,348,000,000 US dollars

Music Publishing

1,092,000,000 US dollars

Selling, general and administrative expenses

1,382,000,000 US dollars

Restructuring and impairments

47,000,000 US dollars

Amortization expense

218,000,000 US dollars

Net loss on divestitures

5,000,000 US dollars

Revenue before reconciliation (calculated)

5,440,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Intersegment eliminations

negative 4,000,000 US dollars. Reported reconciliation to consolidated revenue.

Less: (Income) loss attributable to noncontrolling interest

7,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.