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Fox Corporation (FOX) Financials

FOX
FY2026 annual
Revenue $17.1B +5.1% YoY
Net Income $1.7B -24.7% YoY
EPS (Diluted) $3.84 -21.8% YoY
Free Cash Flow $1.5B -51.0% YoY
Market Cap $24.6B as of Sep 11, 2026
Price / Sales 1.4x on $17.1B revenue, FY2026
Price / Earnings 14.2x on $1.7B net income, FY2026
Price / Book 2.1x on $11.6B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FOX SEC filings page.

Fox Corporation (FOX) reported $17.1B in revenue for fiscal year 2026, up 5.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FOX FY2026

Fox's dominant mechanic is earnings volatility: revenue expanded in FY2026, but cash conversion weakened as reinvestment and working capital absorbed returns.

Revenue grew 5.1%, yet net margin fell to 10.1%, so the earnings decline reflects weaker economics rather than merely slower sales. Operating cash flow fell 40.8% to $1.97B while receivables rose much faster than revenue, linking the weaker result to reduced cash conversion and more capital tied in working capital.

FY2025 converted $2.29B of net income into $2.99B of free cash flow, an unusually favorable spread. In FY2026, free cash flow fell to $1.47B while capital expenditures rose to $502M, showing reinvestment amplified the cash impact of lower earnings.

Debt stayed near $6.6B while free cash flow dropped 50.9%, indicating the year's cash squeeze was not driven by a new debt build-up. The current ratio improved to 3.2x from 2.9x, separating short-term liquidity capacity from the deterioration in operating cash generation.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 46 / 100
Financial Health Score 46/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Fox Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Not available for Fox Corporation, and counted as zero in the overall score.

Growth
67

Fox Corporation's revenue grew 5.1% year-over-year to $17.1B, a solid pace of expansion. This earns a growth score of 67/100.

Leverage
58

Fox Corporation has a moderate D/E ratio of 0.57. This balance of debt and equity financing earns a leverage score of 58/100.

Liquidity
81

With a current ratio of 3.17, Fox Corporation holds $3.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.

Cash Flow
71

Fox Corporation converts 8.6% of revenue into free cash flow ($1.5B). This strong cash generation earns a score of 71/100.

Returns
0

Not available for Fox Corporation, and counted as zero in the overall score.

Piotroski F-Score Partial
5/7

Fox Corporation passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.14x

For every $1 of reported earnings, Fox Corporation generates $1.14 in operating cash flow ($2.0B OCF vs $1.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.2B
YoY+28.1%
QoQ+5.5%
5Y CAGR+7.8%

Fox Corporation generated $4.2B in revenue in Q4 2026. This represents an increase of 28.1% from the same quarter a year earlier. Against the prior quarter it is up 5.5%.

Net Income
$696.0M
YoY-3.2%
QoQ+297.7%
5Y CAGR+22.4%

Fox Corporation reported $696.0M in net income in Q4 2026. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 297.7%.

EPS (Diluted)
$1.60
YoY+2.6%
QoQ+321.1%
5Y CAGR+30.1%

Fox Corporation earned $1.60 per diluted share (EPS) in Q4 2026. This represents an increase of 2.6% from the same quarter a year earlier. Against the prior quarter it is up 321.1%.

EBITDA

Not reported for Q4 2026.

Cash & Balance Sheet

Free Cash Flow
$726.0M
YoY-47.9%
QoQ-58.9%
5Y CAGR+3.1%

Fox Corporation generated $726.0M in free cash flow in Q4 2026, representing cash available after capex. This represents a decrease of 47.9% from the same quarter a year earlier. Against the prior quarter it is down 58.9%.

Cash & Debt
$4.2B
YoY-21.4%
QoQ+16.8%
5Y CAGR-6.5%

Fox Corporation held $4.2B in cash against $6.6B in long-term debt as of Q4 2026.

Dividends Per Share

Not reported for Q4 2026.

Shares Outstanding

Not reported for Q4 2026.

Margins & Returns

Net Margin
16.5%
YoY-5.3pp
QoQ+12.1pp
5Y change+7.8pp

Fox Corporation's net profit margin was 16.5% in Q4 2026, showing the share of revenue converted to profit. This is down 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.1 percentage points.

Return on Equity
6.0%
YoY0.0pp
QoQ+4.4pp
5Y change+3.7pp

Fox Corporation's ROE was 6.0% in Q4 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 4.4 percentage points.

Gross Margin

Not reported for Q4 2026.

Operating Margin

Not reported for Q4 2026.

Capital Allocation

Share Buybacks
$100.0M
YoY-60.0%
QoQ0.0%
5Y CAGR-19.1%

Fox Corporation spent $100.0M on share buybacks in Q4 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 60.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Expenditures
$141.0M
YoY+18.5%
QoQ+4.4%
5Y CAGR-1.4%

Fox Corporation invested $141.0M in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 18.5% from the same quarter a year earlier. Against the prior quarter it is up 4.4%.

R&D Spending

Not reported for Q4 2026.

FOX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOX quarterly income statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Revenue$4.2B+28.1%$4.0B-8.6%$5.2B+2.0%$3.7B+4.9%$3.3B+6.3%$4.4B+26.8%$5.1B+19.9%$3.6B+11.1%
SG&A Expenses$637.0M+8.0%$546.0M-0.9%$595.0M+13.3%$589.0M+17.3%$590.0M+9.5%$551.0M+8.0%$525.0M+6.1%$502.0M+4.6%
Interest Expense$92.0M+2.2%$89.0M-5.3%$120.0M+2.6%$100.0M-2.0%$90.0M-6.3%$94.0M-5.1%$117.0M-1.7%$102.0M+12.1%
Income Tax$225.0M-6.3%$61.0M-49.2%$75.0M-40.9%$190.0M-32.4%$240.0M+83.2%$120.0M-53.3%$127.0M+693.8%$281.0M+92.5%
Net Income$696.0M-3.2%$175.0M-50.6%$247.0M-36.3%$609.0M-26.8%$719.0M+124.7%$354.0M-49.7%$388.0M+237.4%$832.0M+100.5%
EPS (Basic)$1.62+1.9%$0.39-48.7%$0.53-35.4%$1.34-25.1%$1.59+130.4%$0.76-46.1%$0.82+256.5%$1.79+115.7%
EPS (Diluted)$1.60+2.6%$0.38-49.3%$0.52-35.8%$1.32-25.8%$1.56+126.1%$0.75-46.4%$0.81+252.2%$1.78+117.1%
Diluted Shares (Avg)N/A432M-6.3%441M-4.5%455M-1.9%N/A461M-2.9%462M-4.1%464M-6.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

FOX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOX quarterly balance sheet
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Total Assets$22.5B-3.1%$21.8B-6.8%$21.5B-6.7%$22.8B+1.0%$23.2B+5.6%$23.4B+7.6%$23.0B+0.8%$22.5B+4.1%
Current Assets$8.5B+0.3%$7.5B-13.8%$6.7B-18.3%$8.0B+2.3%$8.4B+12.4%$8.7B+21.9%$8.2B-3.1%$7.8B+7.7%
Cash & Equivalents$4.2B-21.4%$3.6B-25.2%$2.0B-39.3%$4.4B+7.8%$5.4B+23.9%$4.8B+27.0%$3.3B-19.4%$4.1B+5.8%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$487.0M+12.7%$652.0M+43.3%$828.0M-29.3%$509.0M-36.0%$432.0M-31.0%$455.0M-31.1%$1.2B+12.8%$795.0M+5.9%
Accounts Receivable$3.5B+39.8%$2.9B-9.3%$3.6B+1.9%$2.8B+4.6%$2.5B+4.6%$3.3B+31.1%$3.5B+16.4%$2.7B+11.0%
Long-Term Investments$965.0M-40.5%$979.0M-28.1%$1.5B-1.8%$1.6B+20.7%$1.6B+43.6%$1.4B+9.0%$1.5B+81.0%$1.4B+54.5%
Goodwill$3.6B+0.2%$3.6B+0.2%$3.6B+2.7%$3.6B+2.5%$3.6B+2.7%$3.6B+2.7%$3.5B-0.4%$3.5B-0.3%
Total Liabilities$10.9B-3.4%$10.8B-8.7%$10.5B-8.5%$10.6B-6.3%$11.2B-0.2%$11.8B+6.1%$11.5B-8.5%$11.3B0.0%
Current Liabilities$2.7B-7.9%$2.6B-27.0%$2.4B-26.7%$2.5B-18.1%$2.9B-1.9%$3.6B+60.9%$3.3B-11.1%$3.0B-16.3%
Non-Current Liabilities$8.2B-1.8%$8.2B-0.8%$8.1B-1.3%$8.1B-1.9%$8.3B+0.4%$8.3B-7.5%$8.2B-7.4%$8.3B+7.6%
Long-Term Debt$6.6B+0.1%$6.6B+0.1%$6.6B+0.1%$6.6B+0.1%$6.6B+0.1%$6.6B-8.3%$6.6B-8.3%$6.6B+10.7%
Total Equity$11.6B-2.8%$11.0B-4.8%$10.9B-4.9%$12.2B+8.3%$12.0B+11.6%$11.5B+9.2%$11.5B+12.1%$11.3B+8.6%
Retained Earnings$4.5B-0.5%$3.8B-4.1%$3.8B-4.2%$4.8B+27.8%$4.5B+42.7%$4.0B+36.7%$3.9B+57.1%$3.7B+47.1%

FOX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOX quarterly cash flow statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Operating Cash Flow$867.0M-42.7%$1.9B-5.6%-$669.0M-84.8%-$130.0M-182.3%$1.5B+68.3%$2.0B+36.5%-$362.0M+32.5%$158.0M+15700.0%
Depreciation & Amortization$111.0M+8.8%$101.0M+6.3%$100.0M+3.1%$98.0M+7.7%$102.0M+4.1%$95.0M-3.1%$97.0M0.0%$91.0M-5.2%
Stock-Based CompensationN/A$30.0M+3.4%$32.0M-5.9%$28.0M-17.6%N/A$29.0M+38.1%$34.0M+41.7%$34.0M+41.7%
Capital Expenditures$141.0M+18.5%$135.0M+82.4%$122.0M+64.9%$104.0M+62.5%$119.0M+6.3%$74.0M-10.8%$74.0M-6.3%$64.0M-9.9%
Free Cash Flow$726.0M-47.9%$1.8B-9.0%-$791.0M-81.4%-$234.0M-348.9%$1.4B+77.1%$1.9B+39.3%-$436.0M+29.1%$94.0M+234.3%
Investing Cash Flow-$162.0M-24.6%-$150.0M+10.2%-$138.0M+14.8%-$255.0M-226.9%-$130.0M-1.6%-$167.0M+7.7%-$162.0M-90.6%-$78.0M-34.5%
Financing Cash Flow-$101.0M+88.1%-$168.0M+52.7%-$1.5B-649.5%-$598.0M-72.3%-$847.0M-248.6%-$355.0M+78.2%-$206.0M-122.5%-$347.0M+10.1%
Dividends Paid$12.0M+20.0%$128.0M-3.8%$9.0M+200.0%$138.0M+5.3%$10.0M+11.1%$133.0M+8.1%$3.0M-57.1%$131.0M-3.0%
Share Buybacks$100.0M-60.0%$100.0M-60.0%$1.6B+520.0%$250.0M0.0%$250.0M0.0%$250.0M0.0%$250.0M0.0%$250.0M0.0%

FOX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOX quarterly financial ratios
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Net Margin16.5%-5.3pp4.4%-3.7pp4.8%-2.9pp16.3%-7.1pp21.9%+11.5pp8.1%-12.3pp7.6%+4.9pp23.3%+10.4pp
Return on Equity6.0%0.0pp1.6%-1.5pp2.3%-1.1pp5.0%-2.4pp6.0%+3.0pp3.1%-3.6pp3.4%+2.3pp7.4%+3.4pp
Return on Assets3.1%0.0pp0.8%-0.7pp1.1%-0.5pp2.7%-1.0pp3.1%+1.6pp1.5%-1.7pp1.7%+1.2pp3.7%+1.8pp
Current Ratio3.17+0.3x2.90+0.4x2.78+0.3x3.24+0.6x2.91+0.4x2.45-0.8x2.50+0.2x2.59+0.6x
Debt-to-Equity0.570.0x0.600.0x0.600.0x0.540.0x0.55-0.1x0.57-0.1x0.57-0.1x0.590.0x
Asset Turnover0.190.0x0.180.0x0.240.0x0.160.0x0.140.0x0.190.0x0.220.0x0.160.0x
FCF Margin17.2%-25.2pp44.2%-0.2pp-15.3%-6.7pp-6.3%-8.9pp42.4%+17.0pp44.4%+4.0pp-8.6%+5.9pp2.6%+4.8pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Fox Corporation FOX FY2026 $17.1B $1.7B 10.1% $24.6B 46/100
Fox Ord FOXA FY2026 $17.1B $1.7B 10.1% $27.4B 46/100
News Corp NWS FY2026 $9.0B $573.0M 6.3% $17.6B 38/100
News Corp NWSA FY2026 $9.0B $573.0M 6.3% $15.8B 38/100
TKO Group TKO FY2025 $4.7B $546.3M 11.5% $13.9B 42/100
Warner Music Group Corp. WMG FY2025 $6.7B $365.0M 5.4% $14.6B 50/100

Frequently Asked Questions

What is Fox Corporation's annual revenue?

Fox Corporation (FOX) reported $17.1B in total revenue for fiscal year 2026. This represents a 5.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Fox Corporation's revenue growing?

Fox Corporation (FOX) revenue grew by 5.1% year-over-year, from $16.3B to $17.1B in fiscal year 2026.

Is Fox Corporation profitable?

Yes, Fox Corporation (FOX) reported a net income of $1.7B in fiscal year 2026, with a net profit margin of 10.1%.

Fox Corporation (FOX) reported diluted earnings per share of $3.84 for fiscal year 2026. This represents a -21.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2026, Fox Corporation (FOX) had $4.2B in cash and equivalents against $6.6B in long-term debt.

Fox Corporation (FOX) had a net profit margin of 10.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Fox Corporation (FOX) has a return on equity of 14.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Fox Corporation (FOX) generated $1.5B in free cash flow during fiscal year 2026. This represents a -51.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Fox Corporation (FOX) generated $2.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Fox Corporation (FOX) had $22.5B in total assets as of fiscal year 2026, including both current and long-term assets.

Fox Corporation (FOX) invested $502.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Fox Corporation (FOX) spent $2.0B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Fox Corporation (FOX) had a current ratio of 3.17 as of fiscal year 2026, which is generally considered healthy.

Fox Corporation (FOX) had a debt-to-equity ratio of 0.57 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Fox Corporation (FOX) had a return on assets of 7.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Fox Corporation (FOX) trades at 14.2x earnings, its market capitalization divided by net income of $1.7B net income, FY2026. The market capitalization is $24.6B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Fox Corporation (FOX) trades at 1.4x sales, its market capitalization divided by revenue of $17.1B revenue, FY2026. The market capitalization is $24.6B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Fox Corporation (FOX) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Fox Corporation (FOX) has an earnings quality ratio of 1.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Fox Corporation (FOX) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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