Warner Music Group Corp.

Services-Amusement & Recreation Services·NEW YORK, NY·FY end 09/30·CIK 1319161

CEO Pay Ratio

191:1

Robert Kyncl

CEO Total Comp

$15.9M

Robert Kyncl

Median Employee

$83,227

Revenue

$6.7B

FY 2025

Net Income

$365.0M

FY 2025

Free Cash Flow

$539.0M

FY 2025

Net Margin

5.4%

Insider Net (180d)

$2.0M

2 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

4.36%

For every $1,000 of profit, $43.59 flows to the CEO.

CEO comp as % of buybacks

99.43%

CEO comp equals 994.3‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$6.7B	$6.4B	$6.0B	$5.9B	$5.3B
Gross Profit	—	—	—	—	—	—
Operating Income	$694.0M	$823.0M	$790.0M	$714.0M	$609.0M
Net Income	$365.0M	$435.0M	$430.0M	$551.0M	$304.0M
Operating CF	$678.0M	$754.0M	$687.0M	$742.0M	$638.0M
Capex	$139.0M	$116.0M	—	—	—
Free Cash Flow	$539.0M	$638.0M	—	—	—
Buybacks	$16.0M	—	—	—	—	—
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	10.3%	12.8%	13.1%	12.1%	11.5%
Net Margin	5.4%	6.8%	7.1%	9.3%	5.7%
FCF Margin	8.0%	9.9%	—	—	—
R&D / Revenue	—	—	—	—	—	—
Effective Tax	24.5%	20.5%	27.9%	25.0%	32.7%
Debt / Equity	13.03	15.50	25.82	49.11	215.87
Buybacks / FCF	3.0%	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Robert KynclCEO	$2.0M	$10.7M	—	$3.2M	$31.1K	$15.9M
Armin ZerzaCFO	$484.6K	$10.0M	—	$1.8M	$8.3K	$12.3M
Guy MootCo-Chair and CEO, Warner Chappell Music	$2.2M	$1.5M	—	$2.3M	$18.2K	$6.0M
Carianne MarshallCo-Chair and COO, Warner Chappell Music	$1.6M	$1.5M	—	$2.3M	$11.8K	$5.4M
Carletta HigginsonChief Digital Officer	$1.1M	$1.7M	—	$2.0M	$7.9K	$4.8M
Bryan CastellaniFormer Chief Financial Officer	$1.1M	$2.4M	—	$1.1M	$93.5K	$4.7M