WMG Warner Music (WMG) Insider Trading, Ownership & Congress Trades
Restaurants & Leisure · Services-amusement & recreation services · CIK 0001319161
Form 144 · 2
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
203
13F, latest reported quarter
What the filings say about WMG
Planned sales (Form 144), 90 days
$2.4M
2 notices
Warner Music insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
No insider purchases or sales are on record for Warner Music Group Corp. in the period covered. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 14.1% of the 254,119 shares held after it.
- 1 other insider bought within 30 days.
- 203 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Financial Officer ZERZA ARMIN bought about $1.0M of WMG on Dec 11, 2025, the largest insider purchase at the company on our record; 1 other insider bought within 30 days and 203 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Feb 20, 2025.
- The trade is 34.4% of the 104,074 shares held after it.
- 1 other insider bought within 30 days.
- 203 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Blavatnik Valentin bought about $998.4K of WMG on Dec 2, 2025, the largest insider purchase at the company on our record; 1 other insider bought within 30 days and 203 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Feb 14, 2025.
- The trade is 1.1% of the 87,649 shares held after it.
- No other insider sold within 30 days.
- 203 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP Strategy & Operations Matusch Timothy sold about $31.4K of WMG on Apr 2, 2025; 203 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 41.4% of the 68,264 shares held after it.
- 2 other insiders sold within 30 days.
- 203 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Blavatnik Valentin sold about $1.0M of WMG on Feb 20, 2025; 2 other insiders sold within 30 days and 203 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 1.2% of the 88,649 shares held after it.
- 2 other insiders sold within 30 days.
- 203 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP Strategy & Operations Matusch Timothy sold about $40.2K of WMG on Feb 14, 2025; 2 other insiders sold within 30 days and 203 funds added in the latest 13F quarter.38 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
no insider buys or sells on file
Congress
no House purchase disclosed in the last 12 months
Funds
203 funds bought in last quarter
more than 72% of Restaurants & Leisure
Revenue
+4.4% year over year
below 51% of Restaurants & Leisure
Margin
5.4% net margin
more than 65% of Restaurants & Leisure
Buybacks
$48.0M repurchased, FY to 2026-06-30
below 53% of Restaurants & Leisure
Short interest
7.0% of the float short (float per yahoo 2026-10-26) · 4.7 days to cover · settled 2026-09-30
What changed in the last 30 days
Oct 7Former Officer ZERZA ARMIN filed to sell $552.5K by Oct 7 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.
Watch WMG
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-7.4%12M
Insider buyForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns WMG: institutional holders (13F)
13F holdings, latest reported quarter
12,997,804 sh
$351.9M
11,943,199 sh
$323.3M
11,188,756 sh
$297.7M
10,209,746 sh
$276.4M
8,909,122 sh
$241.2M
Congress trades in WMG
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
WMG planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
ZERZA ARMIN
Filed 2026-10-07
$552.5K
Armin Zerza
Filed 2026-09-03
$1.9M
WMG mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
MUSQ Global Music Industry ETF
$1.3M position · as of 2026-07-31
5.8%
Independent Franchise Partners US Equity Fund
$50.0M position · as of 2026-06-30
3.7%
Billionaires Club ETF
$438.8K position · as of 2026-05-31
3.5%
Artisan Mid Cap Value Fund
$8.9M position · as of 2026-06-30
2.0%
Rockefeller U.S. Small-Mid Cap ETF
$14.4M position · as of 2026-07-31
1.9%
Invesco Bloomberg MVP Multi-Factor ETF
$1.7M position · as of 2026-07-31
1.7%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows 203 funds added last quarter, $2.4M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
WMG financials
Revenue growth
+4.4%
XBRL, annual
Net margin
5.4%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$7.3B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM WMG
| FY Sep 2025 | $6.7B |
| FY Sep 2024 | $6.4B |
| FY Sep 2023 | $6.0B |
| FY Sep 2022 | $5.9B |
| FY Sep 2021 | $5.3B |
| Jun 2026 | $1.9B |
| Mar 2026 | $1.7B |
| Dec 2025 | $1.8B |
| Sep 2025 | $1.9B |
| Jun 2025 | $1.7B |
| Mar 2025 | $1.5B |
| Dec 2024 | $1.7B |
| Sep 2024 | $1.6B |
At each fiscal year end
Single quarter
Net margin, TTM
+9.2%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM WMG
| FY Sep 2025 | +5.4% |
| FY Sep 2024 | +6.8% |
| FY Sep 2023 | +7.1% |
| FY Sep 2022 | +9.3% |
| FY Sep 2021 | +5.7% |
| Jun 2026 | +10.9% |
| Mar 2026 | +10.6% |
| Dec 2025 | +9.6% |
| Sep 2025 | +5.8% |
| Jun 2025 | -0.9% |
| Mar 2025 | +2.4% |
| Dec 2024 | +14.2% |
| Sep 2024 | +2.5% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$836.0M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM WMG
| FY Sep 2025 | $539.0M |
| FY Sep 2024 | $638.0M |
| FY Sep 2023 | $560.0M |
| FY Sep 2022 | $607.0M |
| FY Sep 2021 | $545.0M |
| Jun 2026 | $114.0M |
| Mar 2026 | $99.0M |
| Dec 2025 | $420.0M |
| Sep 2025 | $203.0M |
| Jun 2025 | $7.0M |
| Mar 2025 | $33.0M |
| Dec 2024 | $296.0M |
| Sep 2024 | $271.0M |
At each fiscal year end
Single quarter
Debt to equity
5.52x
LongTermDebt as filed 2026-06-30 (includes the current portion); equity 2026-06-30
Debt to equity WMG
| FY Sep 2025 | 6.45x |
| FY Sep 2024 | 7.96x |
| FY Sep 2023 | 13.27x |
| FY Sep 2022 | 25.28x |
| FY Sep 2021 | 111.52x |
| Jun 2026 | 5.52x |
| Mar 2026 | 6.39x |
| Dec 2025 | 6.07x |
| Sep 2025 | 6.45x |
| Jun 2025 | 7.08x |
| Mar 2025 | 7.23x |
| Dec 2024 | 7.46x |
| Sep 2024 | 7.96x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.20x
TTM operating cash flow over LongTermDebt as filed 2026-06-30 (includes the current portion)
Cash flow to debt WMG
| FY Sep 2025 | 0.16x |
| FY Sep 2024 | 0.18x |
| FY Sep 2023 | 0.17x |
| FY Sep 2022 | 0.19x |
| FY Sep 2021 | 0.18x |
| Jun 2026 | 0.20x |
| Mar 2026 | 0.18x |
| Dec 2025 | 0.18x |
| Sep 2025 | 0.16x |
| Jun 2025 | 0.18x |
| Mar 2025 | 0.22x |
| Dec 2024 | 0.20x |
| Sep 2024 | 0.18x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+93.1%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity WMG
| FY Sep 2025 | +62.7% |
| FY Sep 2024 | +105.5% |
| FY Sep 2023 | +187.4% |
| FY Sep 2022 | +602.2% |
| FY Sep 2021 | n/a |
| Jun 2026 | +93.1% |
| Mar 2026 | +69.3% |
| Dec 2025 | +48.2% |
| Sep 2025 | +62.7% |
| Jun 2025 | +55.4% |
| Mar 2025 | +90.4% |
| Dec 2024 | +101.6% |
| Sep 2024 | +105.5% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+6.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets WMG
| FY Sep 2025 | +3.8% |
| FY Sep 2024 | +4.9% |
| FY Sep 2023 | +5.3% |
| FY Sep 2022 | +7.3% |
| FY Sep 2021 | +4.5% |
| Jun 2026 | +6.6% |
| Mar 2026 | +4.5% |
| Dec 2025 | +3.2% |
| Sep 2025 | +3.8% |
| Jun 2025 | +3.2% |
| Mar 2025 | +4.9% |
| Dec 2024 | +5.6% |
| Sep 2024 | +4.9% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+15.7%
operating income after a 23.8% effective tax rate, over LongTermDebt as filed 2026-06-30 (includes the current portion) plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital WMG
| FY Sep 2025 | +12.6% |
| FY Sep 2024 | +16.9% |
| FY Sep 2023 | +15.4% |
| FY Sep 2022 | +15.8% |
| FY Sep 2021 | +14.1% |
| Jun 2026 | +15.7% |
| Mar 2026 | +13.9% |
| Dec 2025 | +13.6% |
| Sep 2025 | +12.6% |
| Jun 2025 | +11.9% |
| Mar 2025 | +13.9% |
| Dec 2024 | +14.2% |
| Sep 2024 | +16.9% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+16.7%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed WMG
| FY Sep 2025 | +12.8% |
| FY Sep 2024 | +16.0% |
| FY Sep 2023 | +16.7% |
| FY Sep 2022 | +16.8% |
| FY Sep 2021 | +15.7% |
| Jun 2026 | +16.7% |
| Mar 2026 | +14.6% |
| Dec 2025 | +14.1% |
| Sep 2025 | +12.8% |
| Jun 2025 | +12.6% |
| Mar 2025 | +13.5% |
| Dec 2024 | +13.0% |
| Sep 2024 | +16.0% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
fewer than four consecutive quarters of diluted EPS
P/E, trailing WMG
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$4.1B
market value at close 2026-10-27 on 2020-01-31 shares, plus LongTermDebt as filed 2026-06-30 (includes the current portion), minus cash 2026-06-30
Enterprise value WMG
| FY Sep 2025 | $3.6B |
| FY Sep 2024 | $3.4B |
| FY Sep 2023 | $3.4B |
| FY Sep 2022 | $3.3B |
| FY Sep 2021 | $3.0B |
| Jun 2026 | $4.1B |
| Mar 2026 | $4.0B |
| Dec 2025 | $3.6B |
| Sep 2025 | $3.6B |
| Jun 2025 | $3.6B |
| Mar 2025 | $3.5B |
| Dec 2024 | $3.3B |
| Sep 2024 | $3.4B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+2,580,136%
TTM free cash flow over market value at close 2026-10-27
FCF yield WMG
| FY Sep 2025 | +1,480,357% |
| FY Sep 2024 | +1,906,771% |
| FY Sep 2023 | +1,668,325% |
| FY Sep 2022 | +2,446,447% |
| FY Sep 2021 | +1,192,846% |
| Jun 2026 | +2,888,952% |
| Mar 2026 | +2,670,109% |
| Dec 2025 | +2,022,190% |
| Sep 2025 | +1,480,357% |
| Jun 2025 | +2,084,510% |
| Mar 2025 | +2,267,767% |
| Dec 2024 | +2,021,787% |
| Sep 2024 | +1,906,771% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
fewer than four consecutive quarters of diluted EPS
PEG, trailing WMG
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-09 | 2024-09 | 2023-09 | 2022-09 | |
|---|---|---|---|---|
| Revenue | $6.7B | $6.4B | $6.0B | $5.9B |
| Operating income | $694.0M | $823.0M | $790.0M | $714.0M |
| Net income | $365.0M | $435.0M | $430.0M | $551.0M |
| Operating cash flow | $678.0M | $754.0M | $687.0M | $742.0M |
| Cash | $532.0M | $694.0M | $641.0M | $584.0M |
| Long-term debt | $4.1B | $4.0B | $4.0B | $3.7B |
| Buybacks | $16.0M | $0 | $0 | n/a |
| Dividends paid | $383.0M | $361.0M | $340.0M | $318.0M |
SEC XBRL, fiscal years, as known on 2026-10-28
WMG Stock Sonar score 5/7 axes
Find similar shapesCompareWMG ranks highest on profitability (77th percentile) and institutional and government (72nd), and lowest on growth (26th), among Restaurants & Leisure peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
WMG filings, in plain words
Are there planned insider sales of WMG?
Yes. 2 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $2.4M of stock; the latest, by ZERZA ARMIN, was filed 2026-10-07.
Read the full summary
Insiders filed 2 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $2.4M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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