Warner Music Group (WMG)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 823,000 | 790,000 | 714,000 | 609,000 | -229,000 |
| Revenue | US$ in thousands | 6,390,000 | 5,879,000 | 6,088,000 | 5,276,000 | 4,463,000 |
| Operating profit margin | 12.88% | 13.44% | 11.73% | 11.54% | -5.13% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $823,000K ÷ $6,390,000K
= 12.88%
Warner Music Group's operating profit margin has shown fluctuating trends over the past five years. In 2024, the operating profit margin decreased to 12.88% from 13.44% in 2023. This decline indicates a slight decrease in the company's profitability in 2024 compared to the previous year. However, it is worth noting that the operating profit margin in 2024 is still higher than the margins in 2022 and 2021, which were 11.73% and 11.54% respectively. These figures suggest that Warner Music Group was more profitable in 2024 compared to the two preceding years.
The significant increase in operating profit margin from a negative figure of -5.13% in 2020 to positive figures in subsequent years reflects a notable turnaround in the company's financial performance. Despite the slight drop in 2024, Warner Music Group has demonstrated an overall improvement in profitability since 2020. This positive trend is a favorable indication of the company's ability to generate profits from its operations and manage its expenses effectively.
Peer comparison
Sep 30, 2024