Warner Music Group Corp. (WMG) Stock Price & Analysis
Warner Music Group Corp. (WMG) closed at USD 30.69 on Thursday, October 15, 2026, up 6.16% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 28.91; the Oct 15, 2026 session ranged USD 29.25–30.78 on volume of 4,762,444 shares. Market capitalization is $16.05B, with a 52-week range of USD 23.34–35.42 (NMS). Source: Nexqual, retrieved October 16, 2026 at 05:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WMG.md
Key facts (WMG)
- Last four reported quarters (through Jun 30, 2026): revenue $7.30B, net income $672M (9.2% margin), free cash flow $836M (SEC filings).
- Valuation: P/E 23.9x, EV/EBITDA 15.9x, net debt $4.09B.
- 2 of 80 tracked superinvestors hold WMG (13F, Q2 2026): 1 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (17 analysts), mean target USD 38 (range 30–46).
- Total return with dividends: 1Y -3.0% vs S&P 500 +18.1%; 5Y -27.2% vs S&P 500 +85.1%.
- Next earnings: 2026-11-19, EPS estimate USD 0.42, revenue estimate $1.90B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WMG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.30B | $5.92B | $6.04B | $6.43B | $6.71B | $7.30B |
| Gross profit | $2.56B | $2.84B | $2.86B | $3.07B | $3.08B | — |
| Operating income | $609M | $714M | $790M | $823M | $694M | $1.00B |
| Net income | $304M | $551M | $430M | $435M | $365M | $672M |
| Free cash flow | $545M | $607M | $560M | $638M | $539M | $836M |
| Gross margin | 48.3% | 48.0% | 47.4% | 47.8% | 45.8% | — |
| Operating margin | 11.5% | 12.1% | 13.1% | 12.8% | 10.3% | 13.7% |
| Net margin | 5.7% | 9.3% | 7.1% | 6.8% | 5.4% | 9.2% |
| Revenue growth | +18.8% | +11.7% | +2.0% | +6.4% | +4.4% | — |
| Cash + short-term investments | $499M | $584M | $641M | $694M | $532M | — |
| Total debt | $3.35B | $3.73B | $3.96B | $4.01B | $4.06B | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WMG)
P/E 23.9x · P/S 2.2x · EV/EBITDA 15.9x · EV/Sales 2.8x · P/FCF 19.2x · P/B 18.8x · FCF yield 5.21% · Earnings yield 4.19% · Dividend yield (paid, TTM) 2.49% · Buyback yield (TTM) 0.38% · Net debt $4.09B · EV $20.1B
Superinvestors (SEC 13F-HR, Q2 2026) (WMG)
2 of 80 tracked investors hold WMG. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Nygren | Oakmark Funds | 0.06% | $43.6M | Unchanged |
| Lindsell Train | 0.05% | $1.4M | New position |
Analysts (WMG)
Consensus Buy (mean 2.00 on a 1–5 scale), 17 analysts; mean target USD 38 (low 30, high 46).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | StoneX | Initiated | Buy | $41 |
| 2026-10-01 | UBS | Target raised | Buy | $42 → $43 |
| 2026-09-29 | Guggenheim | Reiterated | Buy | $36 |
Total return (dividends reinvested) (WMG)
| 1Y (from 2025-10-16) | 5Y (from 2021-10-11) | |
|---|---|---|
| Total return | -3.0% | -27.2% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -3.1% | -6.2% |
| Volatility (annualized) | 35.0% | 35.0% |
| Max drawdown | -28.4% (Oct 2025→Mar 2026) | -53.1% (Oct 2021→Oct 2022) |
Key Statistics (as of October 16, 2026 at 05:21 UTC)
| Price | USD 30.69 |
|---|---|
| Change | ▲ 6.16% (up) |
| Previous Close | USD 28.91 |
| Open | USD 29.47 |
| Day Range | USD 29.25 – 30.78 |
| 52-Week Range | USD 23.34 – 35.42 |
| Volume | 4,762,444 shares |
| Market Cap | $16.05B |
| Exchange | NMS |
Technical Analysis (WMG)
Nexqual's technical model rates WMG "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 16, 2026 at 05:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 71.82 (overbought) |
| vs SMA50 | Above (USD 27.66) |
| MACD | 0.44 (positive) |
Analyst Ratings (WMG)
Wall Street analysts rate WMG "Buy" based on 17 analysts, with a mean price target of USD 38 (range USD 30–46), per Nexqual as of October 16, 2026 at 05:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 17 |
| Mean Target | USD 38 |
| High Target | USD 46 |
| Low Target | USD 30 |
| Buy / Hold / Sell | 14 / 3 / 0 |
Earnings (WMG)
| Next Earnings Date | 2026-11-19 |
|---|---|
| EPS Estimate | USD 0.42 |
| Revenue Estimate | $1.90B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.51 vs est 0.39 ▲ beat |
| 2026-03-31 | USD 0.43 vs est 0.29 ▲ beat |
| 2025-12-31 | USD 0.43 vs est 0.4 ▲ beat |
| 2025-09-30 | USD 0.51 vs est 0.33 ▲ beat |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Financials & Fundamentals (WMG)
| Total Revenue | $7.30B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.40% |
| Gross Margin | +45.77% |
| Operating Margin | +16.74% |
| Profit Margin | +9.20% |
| ROE | +70.07% |
| Debt / Equity | 4.53 |
| Current Ratio | 0.73 |
| Total Cash | $618.00M |
| Total Debt | $4.92B |
| Free Cash Flow (fiscal year ended Sep 2025, SEC 10-K) | $539.00M (8.0% of revenue) |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Financial Health Score (WMG)
Nexqual rates Warner Music Group Corp.'s overall financial health "Mixed" across five dimensions, as of October 16, 2026 at 05:21 UTC.
| Growth | Mixed — Revenue +4.4% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 46%, operating 17% |
| Balance Sheet | Critical — $618M cash vs $4.92B debt |
| Cash Flow | Solid — FCF $539M (FY ended Sep 2025, 10-K), 8% margin |
| Efficiency | Strong — ROE 70%, ROA 7.7% |
Ownership (WMG)
| Insider Ownership | +1.05% |
|---|---|
| Institutional Ownership | +110.70% |
| Shares Outstanding | 147.73M |
| Float | 146.25M |
| Short % of Float | +8.88% |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Leadership (WMG)
Warner Music Group Corp. is led by Robert Kyncl (age 54), President, CEO & Director, per Nexqual as of October 16, 2026 at 05:21 UTC.
| President, CEO & Director | Robert Kyncl (age 54) |
|---|---|
| Managing Director of Warner Recorded Music, North America and UK & Corporate Deve. and Director | Valentin Blavatnik (age 28) |
| Acting CFO, Senior VP, Global Controller & Chief Accounting Officer | Louis Dickler (age 47) |
| Chief Operating Officer | Tom Corson |
| Chief Technology Officer | Leho Nigul |
Major Backers & Investors (WMG)
Notable institutional backers of Warner Music Group Corp. include Independent Franchise Partners, LLP, Darsana Capital Partners, LP, JPMorgan, according to Nexqual as of October 16, 2026 at 05:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Independent Franchise Partners, LLP | 8.8% |
| Darsana Capital Partners, LP | 8.08% |
| JPMorgan | 7.57% |
| Barrow, Hanley Mewhinney & Strauss, LLC | 6.03% |
| DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | 4.54% |
| FIL LTD | 3.94% |
| Goldman Sachs | 3.37% |
| Bridge Builder Trust-Bridge Builder Large Cap Value Fund | 2.25% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 16.87% |
| BlackRock | 10.37% |
Source: Nexqual, October 16, 2026 at 05:21 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NWS | News Corporation | USD 33.06 | ▲ 1.47% |
| FWONK | Liberty Media Corporation - Ser | USD 90.81 | ▼ 2.38% |
| ROKU | Roku, Inc. | USD 154.67 | ▲ 1.32% |
| MSGS | Madison Square Garden Sports Co | USD 404.66 | ▲ 0.13% |
| FOXA | Fox Corporation | USD 63.98 | ▲ 2.37% |
| LLYVK | Liberty Live Holdings, Inc. - S | USD 99.66 | ▲ 1.28% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 16, 2026 at 05:21 UTC. This page is informational and not investment advice.
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