Seasonality
WMG seasonality — Warner Music Group
Over the last 7 years, WMG's strongest month on average has been July (+7.5%) and its weakest May (-6.2%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | -0.47% | +0.19% | 50% | +4.1% | -7.6% | 6 |
| Feb | -5.00% | -4.44% | 33% | +6.0% | -14.8% | 6 |
| Mar | -2.69% | -4.34% | 33% | +5.7% | -10.7% | 6 |
| Apr | -1.95% | -1.47% | 33% | +10.7% | -21.4% | 6 |
| May | -6.21% | -7.61% | 17% | +11.6% | -19.8% | 6 |
| Jun | -3.10% | +1.67% | 67% | +6.7% | -17.9% | 6 |
| Jul | +7.48% | +4.86% | 71% | +23.1% | -4.1% | 7 |
| Aug | +1.67% | +0.56% | 57% | +14.0% | -10.8% | 7 |
| Sep | -0.03% | -2.13% | 43% | +12.5% | -13.3% | 7 |
| Oct | +3.82% | +2.11% | 57% | +15.8% | -7.7% | 7 |
| Nov | +4.54% | +3.77% | 67% | +31.7% | -12.4% | 6 |
| Dec | +6.94% | +5.14% | 67% | +27.8% | -4.7% | 6 |
Monthly returns heat map — WMG
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.2 | -4.6 | -10.7 | 10.7 | 11.6 | -14.2 | -4.1 | 8.7 | -2.1 | 10.9 | 2.2 | +2.0% | |
| 2025 | 2.6 | 6.0 | -7.0 | -2.9 | -13.6 | 3.5 | 7.4 | 14.0 | 2.1 | -6.2 | -11.6 | 8.6 | -1.1% |
| 2024 | 2.0 | -4.3 | -5.5 | -0.1 | -9.8 | 2.9 | -2.1 | -4.7 | 9.4 | 2.1 | 1.8 | -4.7 | -13.4% |
| 2023 | 4.1 | -13.4 | 5.7 | -8.7 | -19.8 | 6.7 | 20.9 | 5.5 | -5.7 | -0.3 | 5.8 | 8.1 | +2.2% |
| 2022 | -1.6 | -14.8 | 4.5 | -21.4 | -0.3 | -17.9 | 23.1 | -10.8 | -13.3 | 12.1 | 31.7 | 2.2 | -18.9% |
| 2021 | -7.6 | 1.1 | -3.2 | 10.6 | -5.5 | 0.4 | 4.9 | 0.6 | 12.5 | 15.8 | -12.4 | -0.3 | +13.7% |
| 2020 | 2.2 | -1.6 | -3.1 | -7.7 | 12.1 | 27.8 |