Filing Flows › Warner Music Group (WMG) › Q3 FY26 › vs Q2 FY26
Warner Music Group (WMG) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Warner Music Group's revenue rose $132M (+8%) from $1.7B in Q2 FY26 to $1.9B in Q3 FY26. Operating margin 16.4% against 15.2% (+1.1 pts).
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 draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 16.4% | 15.2% | +1.1 pts |
| Net margin | 10.9% | 10.6% | +0.4 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $132M | +8% |
| Operating profit | $305M | $264M | $41.0M | +16% |
| Costs & expenses | $1.6B | $1.5B | $91.0M | +6% |
| Pre-tax earnings | $267M | $254M | $13.0M | +5% |
| Other expense, net | $38.0M | $10.0M | $28.0M | +280% |
| Cost of revenue | $1.0B | $930M | $80.0M | +9% |
| SG&A | $464M | $460M | $4.0M | +0.9% |
| Other operating costs | $85.0M | $78.0M | $7.0M | +9% |
| Loss borne by minority interests | $4.0M | $2.0M | $2.0M | +100% |
| Net earnings | $204M | $183M | $21.0M | +11% |
| Income tax | $67.0M | $73.0M | −$6.0M | -8% |
| Depreciation & amortization | $111M | $103M | $8.0M | +8% |
| Working capital & other | $173M | $160M | $13.0M | +8% |
| Operating cash flow | $142M | $126M | $16.0M | +13% |
Questions
How much did Warner Music Group's revenue grow quarter over quarter in Q3 FY26?
Warner Music Group's revenue rose $132M (+8%) from $1.7B in Q2 FY26 to $1.9B in Q3 FY26. Operating margin 16.4% against 15.2% (+1.1 pts).