Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Warner Music Group's shares outstanding for the quarter that ended in Mar. 2026 was 522 Mil.
Warner Music Group's quarterly shares outstanding
increased
from Dec. 2025 (522 Mil) to Mar. 2026 (522 Mil).
It means Warner Music Groupissued new shares from Dec. 2025 to Mar. 2026 .
Warner Music Group's annual shares outstanding
increased
from Sep. 2024 (518 Mil) to Sep. 2025 (522 Mil).
It means Warner Music Groupissued new shares from Sep. 2024 to Sep. 2025 .
Warner Music Group (HAM:WA4) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Warner Music Group Shares Outstanding (EOP) Related Terms
Warner Music Group Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Warner Music Group's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:WA4 vs NWSA, TKO, PSKY: Shares Outstanding (EOP) Comparison
For the Entertainment subindustry, Warner Music Group's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Warner Music Group Shares Outstanding (EOP) vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Warner Music Group's Shares Outstanding (EOP) falls into.
Warner Music Group Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 522 Mil mean?
Warner Music Group (HAM:WA4) has a Shares Outstanding (EOP) of 522 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Warner Music Group and its competitors.
Is Warner Music Group's Shares Outstanding (EOP) too high?
Warner Music Group's current Shares Outstanding (EOP) is 522 Mil. Overall, Warner Music Group has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's Shares Outstanding (EOP) compare to NWSA and TKO?
Warner Music Group's Shares Outstanding (EOP) of 522 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Media - Diversified company?
A good Shares Outstanding (EOP) depends on the Media - Diversified industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Warner Music Group and its competitors. Warner Music Group's current Shares Outstanding (EOP) is 522 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Music Group stock overvalued right now?
Warner Music Group (HAM:WA4) has a current Shares Outstanding (EOP) of 522 Mil. The stock's GF Value™ is €29.91, compared to a current price of €23.08 — trading 22.8% below its estimated fair value. The current Shares Outstanding (EOP) is 522 Mil. Warner Music Group's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Warner Music Group (HAM:WA4), the current Shares Outstanding (EOP) is 522 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Warner Music Group (HAM:WA4) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Music Group stock appears to be undervalued.
The current stock price of €23.08 is trading 22.8% below its estimated GF Value™ of €29.91.
Key valuation signals for HAM:WA4:
Shares Outstanding (EOP): 522 Mil
GF Value™: €29.91 vs. price of €23.08 (22.8% below fair value)
No single metric tells the full story. See the HAM:WA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
79GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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