Earnings per Share (Tables)

12 Months Ended

Sep. 30, 2025

The following table sets forth the calculation of basic and diluted net income per common share under the two-class method (in millions, except share amounts, which are reflected in thousands, and per share data):


	Fiscal Year Ended September 30,
	2025				2024				2023
	Class A		Class B		Class A		Class B		Class A		Class B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.	$	105	$	260	$	122	$	313	$	119	$	311
Less: Net income attributable to participating securities (a)	(4)		—		(6)		—		(6)		—
Net income attributable to common stockholders	$	101	$	260	$	116	$	313	$	113	$	311
Denominator
Weighted average shares outstanding	145,128		375,380		140,882		376,641		138,070		377,650
Basic and Diluted EPS (b)	$	0.69	$	0.69	$	0.83	$	0.83	$	0.82	$	0.82

______________________________________

(a)Participating securities include unvested restricted stock units, which include the right to receive non-forfeitable dividend equivalents. Participating securities are not contractually obligated to share in losses.

(b)For the fiscal year ended September 30, 2025, the weighted average shares outstanding for Diluted EPS includes the dilutive effect of approximately 397 shares. As the resulting Diluted EPS rounds to the same reported amount as Basic EPS, both Basic and Diluted EPS for the fiscal year ended September 30, 2025 are presented as $0.69 per share. There were no dilutive potentially issuable shares in the fiscal years ended September 30, 2024 and September 30, 2023.