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 | Q2 2026 | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 171 | 1,487 | 252 | 1,518 | 237 | 1,390 | 495 | 1,258 | 474 | 788 |
| Depreciation and amortization | 254 | -30.0 | 220 | -36.0 | 200 | -41.0 | 187 | -41.0 | 182 | 142 |
| Capital expenditure | -44.0 | -47.0 | -23.0 | -63.0 | -28.0 | -25.0 | -22.0 | -23.0 | -10.0 | -9.0 |
| Investing cash flow | -398 | -532 | -322 | -436 | -615 | -199 | -423 | -200 | -320 | -377 |
| Financing cash flow | 305 | -1,011 | 23.0 | -967 | 415 | -1,257 | -23.0 | -2,141 | 794 | -762 |
| Dividends paid | -514 | -495 | -458 | -478 | -455 | -476 | -453 | -464 | -334 | -363 |
| Share repurchases | -734 | — | — | — | — | — | — | — | — | — |
| Debt issued | 6,188 | 2,282 | 2,241 | 1,995 | 2,326 | 1,871 | 4,776 | 3,362 | 2,576 | 3,117 |
| Debt repaid | -4,507 | -2,759 | -1,682 | -2,422 | -1,414 | -2,595 | -4,300 | -5,004 | -1,441 | -3,500 |
| Effect of exchange rates | 3.0 | -35.0 | -30.0 | 16.0 | -10.0 | -7.0 | -27.0 | -14.0 | 15.0 | 26.0 |
| Net change in cash | 81.0 | -91.0 | -77.0 | 131 | 27.0 | -73.0 | 22.0 | -1,097 | 963 | -325 |
| Free cash flow | 127 | 1,440 | 229 | 1,455 | 209 | 1,365 | 473 | 1,235 | 464 | 779 |
| Levered free cash flow | 403 | 1,389 | 174 | 1,458 | 602 | 1,344 | 564 | 1,034 | 264 | 933 |