What is the 13F Pro Quality Score for WMG?

13F Pro ranks Warner Music Group Corp. (WMG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View WMG's current score at https://13fpro.ai/company/WMG (free sign-up required for the full ranking).

Where does 13F Pro source WMG data?

All Warner Music Group Corp. fundamentals and ownership data come directly from SEC EDGAR. Warner Music Group Corp. files with the SEC under CIK 1319161. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is WMG in?

Warner Music Group Corp. (WMG) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

What drives WMG's revenue?

Per Warner Music Group Corp.'s latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: Recorded Music ($1,488M, +10% YoY); Music Publishing ($377M, +12% YoY); Digital ($1,016M, +9% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/WMG.

How often is WMG research updated on 13F Pro?

WMG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Warner Music Group Corp.(WMG)Stock Analysis

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13F Pro Quality Score

65.0/100

Rank #514 of 2,960 stocksTOP 25%

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

50.6/100

Profitability

71.2/100

Balance Sheet

75.8/100

Earnings Quality

48.7/100

Free Cash Flow

58.7/100

Institutional Flow

80.5/100

Revenue Scale

83.1/100

Dilution Risk

63.2/100

Email me the moment this company reports earnings

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Why WMG Scores 65/100

exact factor attribution · 2026-09-12

WMG's composite is driven by scale and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+5.0 pts

83th pct

Profitability

+3.2 pts

71th pct

Capital efficiency

+2.6 pts

76th pct

Institutional flow

+1.5 pts

81th pct

Free cash flow

+1.3 pts

59th pct

Earnings growth

+0.8 pts

67th pct

Shareholder dilution

+0.7 pts

63th pct

Revenue growth

+0.1 pts

51th pct

Earnings quality

-0.1 pts

49th pct

Latest change (2026-08-05): 56 → 63 · ↑ Profit margin 43→63; ↑ Earnings growth 22→41

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

WMG Stock Analysis & AI Quality Score

Data updated 2026-09-12

AI stock analysis and institutional research for Warner Music Group Corp. (WMG), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores WMG at 65.0/100 on a 32-signal composite quality model, placing it at rank #514 of 2,960 stocks — the top 25% of the AI-ranked universe. WMG scores in the top quartile across revenue scale (83.1), institutional flow (80.5), balance sheet strength (75.8). Based on the latest XBRL financial filings (Q2 2026), Warner Music Group Corp. reports quarterly revenue of $1.9B, net income of $204.0M, an operating margin of 16.4%. Top institutional holders of WMG by reported 13-F value include Independent Franchise Partners LLP, Darsana Capital Partners, JPMORGAN CHASE, based on the most recent SEC filings. WMG trades on the Nasdaq exchange and files with the SEC under CIK 1319161. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WMG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Warner Music Group Corp. directly from SEC EDGAR. Warner Music Group Corp.'s 13F Pro composite quality score has ranged between 43 and 68 since 2021, currently 65.0 — an improving long-term trajectory across 69 quarterly and live scoring snapshots.

What's Driving WMG's Business? Latest 10-Q Breakdown

✓ 28/28 datapoints verified

AI-extracted from Warner Music Group Corp.'s 10-Q filed 2026-08-05 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

WMG revenue rose 10% YoY to $1,864M with both segments growing double digits and Adjusted OIBDA margin expanding to 23%, while CFO/COO Armin Zerza's July 31, 2026 departure introduces near-term leadership uncertainty.

Biggest Revenue Drivers

Recorded Music$1,488M+10% YoY

Driven by increases in digital, artist services and expanded-rights, and physical revenues

Music Publishing$377M+12% YoY

Driven by increases in digital, synchronization, mechanical, and performance revenues

Biggest Revenue Drivers

Total revenue: $1,864M+10% YoY

Recorded Music$1,488M+10% YoY

Driven by increases in digital, artist services and expanded-rights, and physical revenues

Within Recorded Music

Digital$1,016M+9% YoY

Growth in streaming revenue from continued growth in subscription and ad-supported services

Artist services and expanded-rights$224M+15% YoY

Higher concert promotion revenue primarily in Japan and higher merchandising revenue

Music Publishing$377M+12% YoY

Driven by increases in digital, synchronization, mechanical, and performance revenues

Within Music Publishing

Digital$235M+15% YoY

Increase in streaming revenue driven by continued market growth and impact of new deals and renewals

Largest Expense Items

Cost of revenue$1,010M+11% YoY

Higher artist and repertoire costs and product costs, roughly in line with revenue growth

Selling, general and administrative expenses$464M-1% YoY

Cost savings from the Company's restructuring plans, partially reinvested in the business

Amortization expense$78M+16% YoY

Incremental amortization related to acquisitions of music-related assets

Restructuring and impairments$7M-90% YoY

Prior-year quarter included a $70M initial EMP impairment charge; current quarter includes only a $3M EMP remeasurement

Margins: Adjusted OIBDA margin increased to 23% from 22% YoY, driven by strong operating performance, revenue mix, and restructuring savings (partially reinvested in the business), partially offset by prior-year one-time items and unfavorable FX movements of about $16M.

Watch Items from the Filing

CFO/COO Armin Zerza stepped down for personal reasons effective July 31, 2026, receiving a $3.6M bonus and severance treated as termination without cause.
Total debt was $4.746B (65% fixed rate) with net debt rising to $4.092B from $3.833B at September 30, 2025.
2025 Restructuring Plan targets ~$300M annualized run-rate pre-tax savings by end of FY2027 against ~$200M total expected pre-tax charges.
Redeemable noncontrolling interest of $133M relates to the Beethoven JV, where BainCo holds a 50% stake with exit rights beginning at the JV's sixth anniversary.
Reported digital revenue growth was tempered by prior-year one-time items (Copyright Settlement of $16M, BMG Termination); adjusted total revenue growth was 12% versus 10% reported.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.9B

Net Income

Q2 2026

$204.0M

Free Cash Flow

Q2 2026

$114.0M

Operating Margin

Q2 2026

16.4%

ROIC

Q2 2026

21.9%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+4.4% YoY

$6.71BFY 2025

FY22 $5.92BFY23 $6.04BFY24 $6.43BFY25 $6.71B

Net Income

-16.1% YoY

$365.0MFY 2025

FY22 $551.0MFY23 $430.0MFY24 $435.0MFY25 $365.0M

Operating Income

-15.7% YoY

$694.0MFY 2025

FY22 $714.0MFY23 $790.0MFY24 $823.0MFY25 $694.0M

Total Assets

+7.4% YoY

$9.83BFY 2025

FY22 $7.83BFY23 $8.54BFY24 $9.15BFY25 $9.83B

Total Debt

+8.7% YoY

$4.37BFY 2025

FY22 $3.73BFY23 $3.96BFY24 $4.01BFY25 $4.37B

Op. Cash Flow

-10.1% YoY

$678.0MFY 2025

FY22 $742.0MFY23 $687.0MFY24 $754.0MFY25 $678.0M

Free Cash Flow

-15.5% YoY

$539.0MFY 2025

FY22 $607.0MFY23 $560.0MFY24 $638.0MFY25 $539.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$6.71B +4.4%	$6.43B +6.4%	$6.04B +2.0%	$5.92B +11.7%	$5.30B +18.8%	$4.46B
Net Income	$365.0M -16.1%	$435.0M +1.2%	$430.0M -22.0%	$551.0M +81.3%	$304.0M +164.0%	$-475.0M
Operating Income	$694.0M -15.7%	$823.0M +4.2%	$790.0M +10.6%	$714.0M +17.2%	$609.0M +365.9%	$-229.0M
Total Assets	$9.83B +7.4%	$9.15B +7.1%	$8.54B +9.2%	$7.83B +8.6%	$7.21B +12.5%	$6.41B
Total Debt	$4.37B +8.7%	$4.01B +1.3%	$3.96B +6.2%	$3.73B +11.5%	$3.35B +7.8%	$3.10B
Operating Cash Flow	$678.0M -10.1%	$754.0M +9.8%	$687.0M -7.4%	$742.0M +16.3%	$638.0M +37.8%	$463.0M
Free Cash Flow	$539.0M -15.5%	$638.0M +13.9%	$560.0M -7.7%	$607.0M +11.4%	$545.0M +44.2%	$378.0M

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Available Research

13F Pro tracks comprehensive data for Warner Music Group Corp. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of WMG

Independent Franchise Partners LLP
$351.9M12,997,804 sh
Darsana Capital Partners LP
$323.3M11,943,199 sh
JPMORGAN CHASE & CO
$297.7M11,188,756 sh
BlackRock, Inc.
$276.4M10,209,746 sh
BARROW HANLEY MEWHINNEY & STRAUSS LLC
$241.2M8,909,122 sh
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP
$181.5M6,705,884 sh
VANGUARD CAPITAL MANAGEMENT LLC
$168.4M6,221,543 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$159.3M5,885,298 sh
FIL Ltd
$157.7M5,827,313 sh
GOLDMAN SACHS GROUP INC
$134.7M4,977,489 sh

Fund	Value	Shares
Independent Franchise Partners LLP	$351.9M	12,997,804
Darsana Capital Partners LP	$323.3M	11,943,199
JPMORGAN CHASE & CO	$297.7M	11,188,756
BlackRock, Inc.	$276.4M	10,209,746
BARROW HANLEY MEWHINNEY & STRAUSS LLC	$241.2M	8,909,122
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP	$181.5M	6,705,884
VANGUARD CAPITAL MANAGEMENT LLC	$168.4M	6,221,543
VANGUARD PORTFOLIO MANAGEMENT LLC	$159.3M	5,885,298
FIL Ltd	$157.7M	5,827,313
GOLDMAN SACHS GROUP INC	$134.7M	4,977,489

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Is WMG a good stock to buy?

13F Pro's AI-powered analysis of Warner Music Group Corp. (WMG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WMG are available on the WMG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. WMG is classified as a large company.

Which hedge funds own WMG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WMG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Warner Music Group Corp.'s investment landscape.