Fox Corporation (FOXA) financials
NASDAQ · Communication Services · Entertainment · 10,550 employees · CEO Lachlan Keith Murdoch
- Price
- $63.24 -1.97%
- Market cap
- $26.7B
- Enterprise value
- $28.5B
- Last report
- Q4 '26 filed 2026-08-06
- Next report
- 2026-11-02 EPS est. $2.02
Revenue (TTM)$17.1B+5.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)21.5%-0.6 pp vs a year agoOperating income $3.68B
Net income (TTM)$1.69B-25.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.47B-51.0% vs a year agoCapex $502M
Diluted EPS (TTM)$3.83-22.0% vs a year agoSum of the last 4 quarters
Net cash-$3.36B-59.1% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $26.7B EV $28.5B
- Revenue
- $17.1B Trailing 12 months
- Revenue growth
- +3% FY2027 consensus
- Profit margin
- 9.8% Net income / revenue, TTM
- P/E
- 14.4× Forward 10.5× (FY2027)
- P/S
- 1.5× Price / sales, TTM
- EV / EBITDA
- 7.4× TTM
- Free cash flow
- $1.47B Trailing 12 months
- Net income
- $1.69B Trailing 12 months
- Revenue estimate
- $17.6B FY2027 consensus
- Earnings
- 2026-11-02 Revenue est. $4.32B
- Dividend
- $0.57 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-06): revenue beat by 15.6%, EPS beat by 24.3%Revenue $4.21B vs $3.64B expected (+15.6%); EPS $1.79 vs $1.44 (+24.3%).
- Revenue growth accelerating: 28.1% year on yearQ4 '26 revenue $4.21B, against an average of 1.2% over the four quarters before.
- Operating margin 21.5% (TTM), -0.6 pp on a year agoOperating income grew 2.2% while revenue grew 5.1%.
- 61.6% of pre-tax profit is eaten by non-operating lossesPre-tax income $2.28B vs operating income $3.68B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 2.9% of revenue (a year ago 2.0%)$502M invested in the last 4 quarters (+51.7% on a year earlier). Free cash flow $1.47B = 87.1% of net income.
- Returned $2.29B to shareholders = 155.8% of free cash flowBuybacks $2B (a year earlier $1B), dividends $287M, stock-based pay $132M (TTM). More than the free cash flow: paid from cash or debt.
- Diluted share count down 6.3% in a year428M diluted shares in Q4 '26, 457M a year earlier.
- Net debt $3.36BCash + short-term investments $4.21B, debt incl. leases $7.57B; a year ago net debt $2.11B.
Last quarter: Q4 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q4 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $4.21B | $3.29B | +28.1% |
| Gross margin | 43.5% | 46.5% | -3.0 pp |
| Operating income | $971M | $928M | +4.6% |
| Operating margin | 23.1% | 28.2% | -5.2 pp |
| Net income | $691M | $717M | -3.6% |
| Diluted EPS | $1.61 | $1.57 | +2.5% |
| Operating cash flow | $867M | $1.51B | -42.7% |
| Capex | $141M | $119M | +18.5% |
| Free cash flow | $726M | $1.39B | -47.9% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $42M | $38M | +10.5% |
Reported vs consensus
2026-08-06| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $4.21B | $3.64B | +15.6% |
| EPS (as estimated) | $1.79 | $1.44 | +24.3% |
From the report of 2026-08-06 for Q4 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q4 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Television Segment | $4.53B | +165.5% | 57.6% | – | – | |
| Cable Network Programming Segment | $3.33B | +117.5% | 42.4% | – | – |
Revenue by region
share of total| Segment | Q4 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States And Canada | $19.4B | +4.4% | 39.5% | – | – | |
| United States | $19.1B | +4.9% | 38.9% | – | – | |
| United States and Canada | – | – | – | – | – | |
| United States | – | – | – | – | – | |
| U S | – | – | – | – | – | |
| Europe | $3.32B | -41.9% | 6.8% | – | – | |
| Other Countries | $4.61B | -1.8% | 9.4% | – | – | |
| Other And Asia | – | – | – | – | – | |
| Other and Asia | – | – | – | – | – | |
| Italy | – | – | – | – | – | |
| I T | – | – | – | – | – | |
| Asia | $2.7B | +3.8% | 5.5% | – | – | |
| D E | – | – | – | – | – | |
| ITALY | – | – | – | – | – | |
| GERMANY | – | – | – | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $1.97B
- Capex
- -$502M
- Buybacks
- -$2B
- Dividends
- -$287M
- Acquisitions
- -$8M
- Net debt issued
- $0
- Stock-based compensation
- $132M
- Free cash flow
- $1.47B
- Returned to shareholders / FCF
- 155.8%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 14.4× | 12.0× | 10.1× – 14.1× |
| EV / EBITDA | 7.4× | 6.7× | 6.0× – 7.4× |
| EV / Sales | 1.7× | 1.4× | 1.4× – 1.6× |
| Price / FCF | 17.1× | 10.8× | 8.0× – 13.5× |
| Price / Book | 2.0× | 1.6× | 1.4× – 2.0× |
| FCF yield | 5.8% | 9.5% | 7.4% – 12.6% |
| Return on invested capital | 14.1% | 12.2% | 10.6% – 14.9% |
| Return on equity | 14.7% | 14.0% | 10.6% – 18.9% |
Analysts
Consensus target $70.75 (+11.9%)
range $60.00 – $85.00 · rating Buy
Strong buy0
Buy25
Hold23
Sell0
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $17.6B | +3.0% | $6.01 | +54.0% | 10.5× | 12 |
| FY2028 | $17.6B | -0.4% | $5.85 | -2.7% | 10.8× | 11 |
| FY2029 | $19B | +8.3% | $6.64 | +13.5% | 9.5× | 10 |
| FY2030 | $18.4B | -3.0% | $6.70 | +0.9% | 9.4× | 8 |
| FY2031 | $19.5B | +5.8% | $0.00 | -100.0% | – | 9 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 243 figures Fox Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| – | – | – | $245M | $394M | -37.8% | |
| – | – | – | $13M | $8M | +62.5% | |
| – | – | – | $77M | $113M | -31.9% | |
| Accounts Payable and Accrued Liabilities, Current | $2.67B | $2.9B | -7.9% | $2.67B | $2.9B | -7.9% |
| Accounts Receivable, after Allowance for Credit Loss | $3.46B | $2.47B | +39.8% | $3.46B | $2.47B | +39.8% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.46B | $2.47B | +39.8% | $3.46B | $2.47B | +39.8% |
| Accounts Receivable, Allowance for Credit Loss | $61M | $50M | +22.0% | $61M | $50M | +22.0% |
| Accounts Receivable, before Allowance for Credit Loss | $3.52B | $2.52B | +39.4% | $3.52B | $2.52B | +39.4% |
| Accrued Liabilities, Current | $1.2B | $1.08B | +11.4% | $1.2B | $1.08B | +11.4% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $109M | $126M | -13.5% | $109M | $126M | -13.5% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | $2M | $2M | 0.0% | $2M | $2M | 0.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$107M | -$124M | +13.7% | -$107M | -$124M | +13.7% |
| Additional Paid in Capital, Common Stock | $7.27B | $7.6B | -4.3% | $7.27B | $7.6B | -4.3% |
| Advertising Expense | – | – | – | $895M | $694M | +29.0% |
| Amortization of Intangible Assets | – | – | – | $37M | $35M | +5.7% |
| Assets | $22.5B | $23.2B | -3.1% | $22.5B | $23.2B | -3.1% |
| Assets Held-in-trust | $262M | $265M | -1.1% | $262M | $265M | -1.1% |
| Assets Held-in-trust, Noncurrent | $244M | $246M | -0.8% | $244M | $246M | -0.8% |
| Assets, Current | $8.45B | $8.43B | +0.3% | $8.45B | $8.43B | +0.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.21B | $5.35B | -21.4% | $4.21B | $5.35B | -21.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $604M | $536M | +12.7% | -$1.15B | $1.03B | -211.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $708M | $698M | +1.4% | $1.7B | $2.25B | -24.2% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $713M | $700M | +1.9% | $1.74B | $2.28B | -23.4% |
| Contract with Customer, Liability, Current | $272M | $299M | -9.0% | $272M | $299M | -9.0% |
| Contractual Obligation | $33.3B | $35B | -5.0% | $33.3B | $35.2B | -5.5% |
| Contractual Obligation, to be Paid, after Year Five | $5.44B | $5.52B | -1.5% | $5.44B | $5.52B | -1.5% |
| Contractual Obligation, to be Paid, Year Four and Five | $7.69B | $12.7B | -39.4% | $7.69B | $12.7B | -39.4% |
| Contractual Obligation, to be Paid, Year One | $6.46B | $6.13B | +5.4% | $6.46B | $6.13B | +5.4% |
| Contractual Obligation, to be Paid, Year Two and Three | $13.7B | $10.8B | +26.2% | $13.7B | $10.8B | +26.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $198M | $455M | -56.5% |
| Current Federal, State and Local, Tax Expense (Benefit) | – | – | – | $604M2025-06-30 | $347M | +74.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $13M | $11M | +18.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $280M | $604M | -53.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $69M | $138M | -50.0% |
| Debt Issuance Costs, Net | $44M | $48M | -8.3% | $44M | $48M | -8.3% |
| Deconsolidation, Gain (Loss), Amount | – | – | – | $0 | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $259M | $164M | +57.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$2M | -$1M | -100.0% |
| Deferred Income Tax Assets, Net | $2.44B | $2.72B | -10.2% | $2.44B | $2.72B | -10.2% |
| Deferred Income Tax Expense (Benefit) | $155M | -$1M | +15,600.0% | $271M | $164M | +65.2% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $14M | $1M | +1,300.0% |
| Deferred Tax Assets, Gross | $2.75B | $3.06B | -10.1% | $2.75B | $3.06B | -10.1% |
| Deferred Tax Assets, Net | $2.44B | $2.72B | -10.2% | $2.44B | $2.72B | -10.2% |
| Deferred Tax Assets, Operating Loss Carryforwards | $48M | $48M | 0.0% | $48M | $48M | 0.0% |
| Deferred Tax Assets, Other | $197M | $339M | -41.9% | $197M | $339M | -41.9% |
| Deferred Tax Assets, Tax Credit Carryforwards | $51M | $45M | +13.3% | $51M | $45M | +13.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $47M | $44M | +6.8% | $47M | $44M | +6.8% |
| Deferred Tax Assets, Valuation Allowance | $109M | $140M | -22.1% | $109M | $140M | -22.1% |
| Deferred Tax Liabilities, Gross | $206M | $208M | -1.0% | $206M | $208M | -1.0% |
| Deferred Tax Liabilities, Leasing Arrangements | $206M | $198M | +4.0% | $206M | $198M | +4.0% |
| Deferred Tax Liabilities, Other | $4M | $5M | -20.0% | $4M | $5M | -20.0% |
| Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position | $266M | $295M | -9.8% | $266M | $295M | -9.8% |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit) | $8M2026-03-31 | $9M | -11.1% | – | – | – |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $78M | $74M | +5.4% |
| Depreciation, Depletion and Amortization, Nonproduction | $111M | $102M | +8.8% | $410M | $385M | +6.5% |
| Dividends, Common Stock | $0 | $0 | – | $243M | $246M | -1.2% |
| Earnings Per Share, Basic | $1.62 | $1.59 | +1.9% | $3.91 | $4.97 | -21.3% |
| Earnings Per Share, Diluted | $1.60 | $1.56 | +2.6% | $3.84 | $4.91 | -21.8% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $478M | $643M | -25.7% |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-K 2024-06-30
Data as of 2026-11-02