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How Warner Music Group Corp. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$6.7B · 100%Cost of revenue$3.6B · 54%Gross profit$3.1B · 46%Operating income$694M · 10%Income before tax$490M · 7%Income tax$120M · 2%Net income$365M · 5%As of 2025-09-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$6.7B100%
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
Cost of revenue$3.6B54%
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
$3.1B46%
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
$694M10%
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
Income before tax$490M7%
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
Income tax$120M2%
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
$365M5%
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
Source:
  • 10-K · FY 2025Filing detailsAccession 0001319161-25-000034 · filed Nov 20, 2025
· event Sep 30, 2025 · retrieved Oct 17, 2026 · annual-row source set
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