# Warner Music Group Corp. (WMG) · Edgar & Edgarette company card

> Warner Music Group (WMG) grew revenue 4.4% in FY2025 to $6.7 billion, operating margin 10.3% against a 1.6% median for amusement & recreation services, equity 6.6% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1319161 · fiscal year ended 2025-09-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/WMG) · [JSON](https://www.pops4.com/boards/company/WMG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $6.7B |
| Revenue growth, 1 year | 4.4% |
| Revenue growth per year | 6.1% |
| Operating margin | 10.3% (prior year 12.8%) |
| Net margin | 5.4% |
| Operating cash flow | $678M |
| Capital spending | $139M |
| Free cash flow | $539M |
| Cash | $532M |
| Long-term debt | $4.4B |
| Total assets | $9.8B |
| Total equity | $647M |
| Equity ÷ assets | 6.6% |
| Return on equity | 56.4% |
| Dividend per share | $0.73 |
| Dividend years rising | 4 |

## Readings, computed from those figures

- Altman Z: -0.85 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -2.54 (below the −1.78 line)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Steady earner · steady and paying a dividend, with average cash

## Edgarette's reading

Exposure: revenue $6.7B (FY2025), total debt $4.4B. Experience: revenue up 4.4% on the year, up 6.1% a year over 4 years; operating margin 10.3%, down from 12.8%. Soundness: equity 6.6% of assets, return on equity 56.4%, payout 104.9% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $6.2B and $7.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $5.8B to $8.0B. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-amusement & recreation services): operating margin 10.3% against a 1.6% median; growth 4.4% against 10.6%.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-09-22 ([filing](https://www.sec.gov/Archives/edgar/data/1319161/000119312526398095/0001193125-26-398095-index.htm))

## Recent filings

- 8-K · filed 2026-09-25 · 1.01 Entry into a Material Definitive Agreement · [filing](https://www.sec.gov/Archives/edgar/data/1319161/000119312526402955/0001193125-26-402955-index.htm)
- 8-K · filed 2026-09-22 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1319161/000119312526398095/0001193125-26-398095-index.htm)
- 8-K · filed 2026-09-04 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1319161/000119312526383641/0001193125-26-383641-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1319161/000131916126000032/0001319161-26-000032-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1319161/000131916126000031/0001319161-26-000031-index.htm)
- 8-K · filed 2026-08-03 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1319161/000119312526329621/0001193125-26-329621-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001319161.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1319161

## Cite

POPS4, Edgar & Edgarette: Warner Music Group Corp. (WMG) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/WMG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.