Filing Flows › Warner Music Group (WMG) › Operating margin
Warner Music Group (WMG) operating margin by quarter
Warner Music Group's operating margin was 16.4% in Q3 FY26 (third quarter fiscal 2026), +1.1 pts from Q2 FY26. Over the last 6 quarters it ranged from 7.7% (Q4 FY25) to 16.4% (Q3 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 16.4% | +1.1 pts | — |
| Q2 FY26 | 15.2% | -0.4 pts | +3.9 pts |
| Q1 FY26 | 15.7% | +8.0 pts | — |
| Q4 FY25 | 7.7% | -3.7 pts | -1.1 pts |
| Q2 FY25 | 11.3% | +2.5 pts | — |
| Q4 FY24 | 8.8% | — | — |
Q3 FY26 at a glance
Warner Music Group, Q3 FY26: revenue $1.9B (+10% year over year), operating margin 16.4%, net earnings $204M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
Questions
What is Warner Music Group's operating margin?
Warner Music Group's operating margin was 16.4% in Q3 FY26 (third quarter fiscal 2026), +1.1 pts from Q2 FY26.
How has Warner Music Group's operating margin changed?
Over the last 6 quarters it ranged from 7.7% (Q4 FY25) to 16.4% (Q3 FY26).