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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 6,194 | 6,626 | 5,881 | 6,308 | 5,526 | 5,960 | 5,148 | 5,606 | 4,734 | 4,673 |
| Cost of revenue | 3,622 | 3,855 | 3,341 | 3,633 | 3,113 | 3,397 | 2,811 | 3,145 | 2,608 | 2,561 |
| Gross profit | 2,572 | 2,771 | 2,540 | 2,675 | 2,413 | 2,563 | 2,337 | 2,461 | 2,126 | 2,112 |
| Selling, general and administrative | 1,464 | 1,465 | 1,383 | 1,448 | 1,403 | 1,579 | 1,599 | 1,442 | 1,231 | 1,186 |
| Operating income | 924 | 1,140 | 995 | 1,076 | 865 | 843 | 603 | 880 | 766 | 751 |
| EBIT | 924 | 1,140 | 995 | 1,076 | 865 | 843 | 603 | 880 | 766 | 751 |
| EBITDA | 1,178 | 1,028 | 1,215 | 961 | 1,065 | 730 | 790 | 765 | 948 | 825 |
| Interest expense | 88.0 | 68.0 | 63.0 | 68.0 | 61.0 | 57.0 | 49.0 | 41.0 | 21.0 | 17.0 |
| Pre-tax income | 340 | 142 | 1,944 | 1,608 | 1,263 | 867 | 854 | 707 | 193 | 568 |
| Income tax | 117 | 37.0 | 509 | 433 | 345 | 231 | 227 | 164 | -49.0 | 133 |
| Net income | 222 | 101 | 1,432 | 1,172 | 914 | 634 | 625 | 541 | 241 | 434 |
| Net income to common shareholders | 222 | 101 | 1,432 | 1,172 | 914 | 634 | 625 | 541 | 241 | 434 |
| Basic EPS | 0.12 | 0.06 | 0.78 | 0.64 | 0.50 | 0.35 | 0.34 | 0.30 | 0.13 | 0.24 |
| Diluted EPS | 0.12 | 0.06 | 0.77 | 0.64 | 0.49 | 0.34 | 0.34 | 0.30 | 0.13 | 0.24 |
| Average shares (basic) | 1,831 | 1,835 | 1,831 | 1,829 | 1,825 | 1,821 | 1,817 | 1,813 | 1,813 | 1,813 |
| Average shares (diluted) | 1,846 | 1,846 | 1,854 | 1,839 | 1,865 | 1,867 | 1,817 | 1,819 | 1,813 | 1,815 |
| Dividend per share | — | 0.28 | 0.24 | 0.28 | 0.24 | 0.27 | 0.24 | 0.27 | 0.24 | 0.20 |