Universal Music Group
€14.26Change from previous close: +0.92%Absolute change: +€0.13
At a glance
- Revenue growth
- +5.69%
- 2025 vs 2024
- Net income growth
- −26.51%
- 2025 vs 2024
- Net margin
- 12.3%
- 2024: 17.6%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 1,739 | 1,755 | 1,885 | 1,732 | 1,140 |
| Depreciation and amortization | 190 | 164 | 146 | 141 | 277 |
| Capital expenditure | -70.0 | -91.0 | -47.0 | -33.0 | -13.0 |
| Investing cash flow | -854 | -1,051 | -622 | -520 | -391 |
| Financing cash flow | -988 | -552 | -1,280 | -1,347 | -1,346 |
| Dividends paid | -953 | -933 | -929 | -798 | -785 |
| Share repurchases | — | — | — | — | -785 |
| Debt issued | 4,523 | 4,321 | 6,647 | 5,938 | 3,176 |
| Debt repaid | -4,441 | -3,836 | -6,895 | -6,445 | -3,694 |
| Effect of exchange rates | -65.0 | 6.0 | -34.0 | 1.0 | 32.0 |
| Net change in cash | -168 | 158 | -51.0 | -134 | -565 |
| Free cash flow | 1,669 | 1,664 | 1,838 | 1,699 | 1,127 |
| Levered free cash flow | 1,563 | 2,060 | 1,909 | 1,298 | 1,521 |