Filing Flows › Warner Music Group (WMG) › Q3 FY26 › vs Q3 FY25
Warner Music Group (WMG) Q3 FY26 vs Q3 FY25 (year over year)
Warner Music Group's revenue rose $175M (+10%) from $1.7B in Q3 FY25 to $1.9B in Q3 FY26. Operating margin 16.4% against 10.0% (+6.4 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 16.4% | 10.0% | +6.4 pts |
| Net margin | 10.9% | -0.9% | +11.9 pts |
| Free cash flow margin | 6.1% | 0.4% | +5.7 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $175M | +10% |
| Operating profit | $305M | $169M | $136M | +80% |
| Costs & expenses | $1.6B | $1.5B | $39.0M | +3% |
| Pre-tax earnings | $267M | −$11.0M | $278M | — |
| Other expense, net | $38.0M | $180M | −$142M | -79% |
| Cost of revenue | $1.0B | $913M | $97.0M | +11% |
| SG&A | $464M | $471M | −$7.0M | -1% |
| Other operating costs | $85.0M | $136M | −$51.0M | -38% |
| Loss borne by minority interests | $4.0M | $0 | $4.0M | — |
| Net earnings | $204M | −$16.0M | $220M | — |
| Income tax | $67.0M | $5.0M | $62.0M | 13× |
| Depreciation & amortization | $111M | $96.0M | $15.0M | +16% |
| Working capital & other | $173M | $35.0M | $138M | +394% |
| Operating cash flow | $142M | $46.0M | $96.0M | +209% |
| Free Cash Flow (company-reported) | $114M | $7.0M | $107M | 16× |
| Capital expenditures | $28.0M | $39.0M | −$11.0M | -28% |
Questions
How much did Warner Music Group's revenue grow year over year in Q3 FY26?
Warner Music Group's revenue rose $175M (+10%) from $1.7B in Q3 FY25 to $1.9B in Q3 FY26. Operating margin 16.4% against 10.0% (+6.4 pts).