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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Universal Music Group NV's retained earnings for the quarter that ended in Dec. 2025 was €-28,888 Mil.
Universal Music Group NV's quarterly retained earnings
increased
from Dec. 2024 (€-28,803 Mil) to Jun. 2025 (€-28,552 Mil) but then
declined
from Jun. 2025 (€-28,552 Mil) to Dec. 2025 (€-28,888 Mil).
Universal Music Group NV's annual retained earnings
increased
from Dec. 2023 (€-30,244 Mil) to Dec. 2024 (€-28,803 Mil) but then
declined
from Dec. 2024 (€-28,803 Mil) to Dec. 2025 (€-28,888 Mil).
Universal Music Group NV (CHIX:UMGa) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Universal Music Group NV Retained Earnings Historical Data
* 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.
Universal Music Group NV Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of €-28,888 Mil mean?
Universal Music Group NV (CHIX:UMGA) has a Retained Earnings of €-28,888 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Universal Music Group NV and its competitors.
Is Universal Music Group NV's Retained Earnings too high?
Universal Music Group NV's current Retained Earnings is €-28,888 Mil. Overall, Universal Music Group NV has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Universal Music Group NV's Retained Earnings compare to NFLX and DIS?
Universal Music Group NV's Retained Earnings of €-28,888 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 Retained Earnings for a Media - Diversified company?
A good Retained Earnings depends on the Media - Diversified industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Universal Music Group NV and its competitors. Universal Music Group NV's current Retained Earnings is €-28,888 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Music Group NV stock overvalued right now?
Based on GuruFocus' analysis, Universal Music Group NV (CHIX:UMGA) is currently considered Possible Value Trap. The stock's GF Value™ is €27.72, compared to a current price of €15.56 — trading 43.9% below its estimated fair value. The current Retained Earnings is €-28,888 Mil. Universal Music Group NV's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Universal Music Group NV (CHIX:UMGA), the current Retained Earnings is €-28,888 Mil as of Dec. 2025. 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 Universal Music Group NV (CHIX:UMGA) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Music Group NV stock appears to be undervalued.
The current stock price of €15.56 is trading 43.9% below its estimated GF Value™ of €27.72.
GuruFocus considers Universal Music Group NV to be Possible Value Trap.
Key valuation signals for CHIX:UMGA:
Retained Earnings: €-28,888 Mil
GF Value™: €27.72 vs. price of €15.56 (43.9% below fair value)
No single metric tells the full story. See the CHIX:UMGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining sales come from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.
70GF Score
Get the complete analysis for CHIX:UMGA
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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