News Corp Financials
News Corp (NWS) reported $9.0B in revenue for fiscal year 2026, up 6.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Cash generation is more durable than reported earnings, while News Corporation has reduced leverage and expanded liquidity.
FY2026 net income fell from$1.18B to$573M , yet operating cash flow rose from$978M to$1.24B . That divergence, alongside free cash flow increasing to$811M , indicates that accounting earnings were unusually depressed relative to cash economics rather than signaling an equivalent deterioration in cash-producing capacity.
The balance sheet has become less debt-dependent: long-term debt declined from
Reinvestment is rising without eliminating cash generation: capital expenditures increased from
Financial Health Signals
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 News Corp'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.
Not available for News Corp, and counted as zero in the overall score.
News Corp's revenue grew 6.8% year-over-year to $9.0B, a solid pace of expansion. This earns a growth score of 49/100.
News Corp carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
News Corp's current ratio of 1.62 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
News Corp has a free cash flow margin of 9.0%, earning a moderate score of 62/100. The company generates positive cash flow after capital investments, but with room for improvement.
Not available for News Corp, and counted as zero in the overall score.
News Corp passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, News Corp generates $2.16 in operating cash flow ($1.2B OCF vs $573.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
News Corp generated $9.0B in revenue in fiscal year 2026. This represents an increase of 6.8% from the prior year.
News Corp reported $573.0M in net income in fiscal year 2026. This represents a decrease of 51.4% from the prior year.
News Corp earned $1.03 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 50.2% from the prior year.
Not reported for fiscal year 2026.
Cash & Balance Sheet
News Corp generated $811.0M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 42.0% from the prior year.
News Corp held $2.1B in cash against $2.0B in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
News Corp's net profit margin was 6.3% in fiscal year 2026, showing the share of revenue converted to profit. This is down 7.6 percentage points from the prior year.
News Corp's ROE was 6.7% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 6.7 percentage points from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Capital Allocation
News Corp spent $641.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 327.3% from the prior year.
News Corp invested $426.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 4.7% from the prior year.
Not reported for fiscal year 2026.
NWS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0B+6.8% | $8.5B+2.4% | $8.3B+3.0% | $8.0B-5.0% | $8.4B-9.8% | $9.4B+3.9% | $9.0B-10.6% | $10.1B+11.6% | $9.0B+10.9% | $8.1B-1.8% | $8.3B-2.7% | $8.5B+0.4% | $8.5B-4.6% | $8.9B+2.7% | $8.7B |
| SG&A Expenses | $3.5B+6.3% | $3.3B+3.3% | $3.2B+6.1% | $3.0B-6.5% | $3.2B-1.0% | $3.3B+8.6% | $3.0B-6.1% | $3.2B+4.7% | $3.0B+11.8% | $2.7B+0.2% | $2.7B+3.6% | $2.6B+7.3% | $2.4B-12.0% | $2.8B+1.2% | $2.8B |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $68.0M-11.7% | $77.0M+37.5% | $56.0M |
| Income Tax | $303.0M+10.2% | $275.0M+33.5% | $206.0M+35.5% | $152.0M+137.5% | $64.0M+4.9% | $61.0M+190.5% | $21.0M-83.3% | $126.0M-64.5% | $355.0M+1167.9% | $28.0M+151.9% | -$54.0M-129.2% | $185.0M+130.1% | -$614.0M-64.2% | -$374.0M-11.0% | -$337.0M |
| Net Income | $573.0M-51.4% | $1.2B+343.6% | $266.0M+78.5% | $149.0M-76.1% | $623.0M+88.8% | $330.0M+126.0% | -$1.3B-918.7% | $155.0M+110.2% | -$1.5B-105.1% | -$738.0M-512.3% | $179.0M+221.8% | -$147.0M-161.5% | $239.0M-52.8% | $506.0M+124.4% | -$2.1B |
| EPS (Diluted) | $1.03-50.2% | $2.07+350.0% | $0.46+76.9% | $0.26-75.2% | $1.05+87.5% | $0.56+125.9% | -$2.16-930.8% | $0.26+110.0% | -$2.60-104.7% | -$1.27 | N/A | -$0.26-163.4% | $0.41-52.9% | $0.87+124.3% | -$3.58 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
NWS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.5B+0.3% | $15.5B-7.1% | $16.7B-1.4% | $16.9B-1.7% | $17.2B+2.7% | $16.8B+17.6% | $14.3B-9.2% | $15.7B-3.9% | $16.3B+12.3% | $14.6B-6.0% | $15.5B+3.0% | $15.0B-8.8% | $16.5B+5.4% | $15.6B | N/A |
| Current Assets | $4.5B-6.8% | $4.8B+10.0% | $4.4B+7.9% | $4.1B-1.0% | $4.1B-8.1% | $4.5B+28.7% | $3.5B-14.5% | $4.0B-7.8% | $4.4B+15.2% | $3.8B-1.9% | $3.9B-3.1% | $4.0B-23.8% | $5.3B+13.5% | $4.6B | N/A |
| Cash & Equivalents | $2.1B-12.8% | $2.4B+28.4% | $1.9B+6.3% | $1.8B-0.6% | $1.8B-20.8% | $2.2B+47.4% | $1.5B-7.7% | $1.6B-19.2% | $2.0B+0.9% | $2.0B+10.0% | $1.8B-6.1% | $2.0B-38.0% | $3.1B+32.1% | $2.4B+110.2% | $1.1B |
| Inventory | $302.0M-7.6% | $327.0M+22.9% | $266.0M-8.3% | $290.0M-6.8% | $311.0M+22.9% | $253.0M-27.3% | $348.0M0.0% | $348.0M-7.4% | $376.0M+80.8% | $208.0M-4.6% | $218.0M-27.1% | $299.0M-3.5% | $310.0M+3.0% | $301.0M | N/A |
| Accounts Receivable | $1.8B+12.5% | $1.6B+10.0% | $1.4B+5.4% | $1.3B-10.3% | $1.5B+0.3% | $1.5B+24.5% | $1.2B-22.1% | $1.5B-4.2% | $1.6B+26.3% | $1.3B+3.8% | $1.2B-4.2% | $1.3B-7.6% | $1.4B+4.0% | $1.3B | N/A |
| Goodwill | $4.5B+3.9% | $4.4B+0.9% | $4.3B+1.0% | $4.3B-0.2% | $4.3B-7.6% | $4.7B+17.8% | $4.0B-23.2% | $5.1B-1.4% | $5.2B+36.0% | $3.8B+3.3% | $3.7B+21.3% | $3.1B+24.7% | $2.5B-9.8% | $2.7B+5.3% | $2.6B |
| Total Liabilities | $7.0B+4.3% | $6.7B-21.4% | $8.6B-3.3% | $8.9B-1.6% | $9.0B+5.1% | $8.6B+28.2% | $6.7B+1.7% | $6.6B-6.9% | $7.1B+87.5% | $3.8B-4.0% | $3.9B+26.8% | $3.1B-4.8% | $3.2B+5.2% | $3.1B | N/A |
| Current Liabilities | $2.8B+5.9% | $2.6B-14.6% | $3.1B-3.5% | $3.2B-10.1% | $3.5B+8.8% | $3.2B+20.6% | $2.7B-19.7% | $3.3B+1.4% | $3.3B+34.4% | $2.5B+0.4% | $2.4B+15.7% | $2.1B-6.8% | $2.3B+4.3% | $2.2B | N/A |
| Long-Term Debt | $2.0B+2.7% | $1.9B-7.5% | $2.1B-4.4% | $2.2B-21.1% | $2.8B+21.5% | $2.3B+93.2% | $1.2B+17.8% | $1.0B-32.6% | $1.5B+439.9% | $276.0M-25.2% | $369.0M | $0 | N/A | N/A | N/A |
| Total Equity | $8.5B-2.8% | $8.8B+8.1% | $8.1B+0.7% | $8.1B-1.9% | $8.2B+0.1% | $8.2B+8.3% | $7.6B-17.1% | $9.1B-1.6% | $9.3B-13.9% | $10.8B-6.7% | $11.6B-3.2% | $11.9B-9.8% | $13.2B+5.5% | $12.6B+40.8% | $8.9B |
| Retained Earnings | -$312.0M+58.2% | -$747.0M+60.5% | -$1.9B+11.9% | -$2.1B+6.5% | -$2.3B+21.2% | -$2.9B+10.2% | -$3.2B-63.8% | -$2.0B+8.5% | -$2.2B-233.8% | -$648.0M-532.0% | $150.0M+70.5% | $88.0M-62.9% | $237.0M | $0 | N/A |
NWS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B+26.5% | $978.0M-10.9% | $1.1B+0.5% | $1.1B-19.4% | $1.4B+9.5% | $1.2B+58.6% | $780.0M-15.9% | $928.0M+22.6% | $757.0M+53.2% | $494.0M-43.7% | $878.0M+5.7% | $831.0M-19.2% | $1.0B+105.4% | $501.0M-41.1% | $851.0M |
| Capital Expenditures | $426.0M+4.7% | $407.0M+14.0% | $357.0M+2.9% | $347.0M+11.9% | $310.0M-20.5% | $390.0M-11.0% | $438.0M-23.4% | $572.0M+57.1% | $364.0M+42.2% | $256.0M0.0% | $256.0M-16.9% | $308.0M-14.0% | $358.0M+7.8% | $332.0M-11.5% | $375.0M |
| Free Cash Flow | $811.0M+42.0% | $571.0M-22.9% | $741.0M-0.5% | $745.0M-28.6% | $1.0B+23.3% | $847.0M+147.7% | $342.0M-3.9% | $356.0M-9.4% | $393.0M+65.1% | $238.0M-61.7% | $622.0M+18.9% | $523.0M-22.1% | $671.0M+297.0% | $169.0M-64.5% | $476.0M |
| Investing Cash Flow | N/A | N/A | -$524.0M+8.7% | -$574.0M+72.4% | -$2.1B-60.7% | -$1.3B-202.6% | -$427.0M+36.9% | -$677.0M-110.9% | -$321.0M+23.6% | -$420.0M+62.2% | -$1.1B+36.2% | -$1.7B | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | -$441.0M+12.0% | -$501.0M-224.0% | $404.0M-42.2% | $699.0M+248.1% | -$472.0M+22.6% | -$610.0M-53.3% | -$398.0M-83.4% | -$217.0M-244.7% | $150.0M+178.9% | -$190.0M | N/A | N/A | N/A |
| Dividends Paid | $204.0M+10.3% | $185.0M+7.6% | $172.0M-1.1% | $174.0M-0.6% | $175.0M+7.4% | $163.0M+3.2% | $158.0M-1.9% | $161.0M+1.9% | $158.0M+3.9% | $152.0M+3.4% | $147.0M+390.0% | $30.0M+25.0% | $24.0M+20.0% | $20.0M+53.8% | $13.0M |
| Share Buybacks | $641.0M+327.3% | $150.0M+28.2% | $117.0M-51.9% | $243.0M+35.8% | $179.0M | $0 | $0 | N/A | $0 | $0-100.0% | $41.0M+36.7% | $30.0M | $0 | $0 | N/A |
NWS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.3%-7.6pp | 14.0%+10.7pp | 3.2%+1.4pp | 1.9%-5.5pp | 7.4%+3.9pp | 3.5%+17.6pp | -14.1%-15.6pp | 1.5%+18.3pp | -16.8%-7.7pp | -9.1%-11.2pp | 2.2%+3.9pp | -1.7%-4.5pp | 2.8%-2.9pp | 5.7%+29.7pp | -24.0% |
| Return on Equity | 6.7%-6.7pp | 13.5%+10.2pp | 3.3%+1.4pp | 1.8%-5.7pp | 7.6%+3.6pp | 4.0%+20.8pp | -16.7%-18.4pp | 1.7%+18.0pp | -16.3%-9.5pp | -6.8%-8.4pp | 1.6%+2.8pp | -1.2%-3.0pp | 1.8%-2.2pp | 4.0%+27.3pp | -23.3% |
| Return on Assets | 3.7%-3.9pp | 7.6%+6.0pp | 1.6%+0.7pp | 0.9%-2.7pp | 3.6%+1.7pp | 2.0%+10.9pp | -8.9%-9.9pp | 1.0%+10.3pp | -9.3%-4.2pp | -5.1%-6.2pp | 1.2%+2.1pp | -1.0%-2.4pp | 1.5%-1.8pp | 3.2% | N/A |
| Current Ratio | 1.62-0.2x | 1.84+0.4x | 1.43+0.2x | 1.28+0.1x | 1.16-0.2x | 1.38+0.1x | 1.29+0.1x | 1.21-0.1x | 1.33-0.2x | 1.560.0x | 1.59-0.3x | 1.90-0.4x | 2.33+0.2x | 2.14 | N/A |
| Debt-to-Equity | 0.230.0x | 0.220.0x | 0.260.0x | 0.27-0.1x | 0.34+0.1x | 0.28+0.1x | 0.160.0x | 0.11-0.1x | 0.16+0.1x | 0.030.0x | 0.030.0x | 0.00-0.2x | 0.250.0x | 0.25 | N/A |
| FCF Margin | 9.0%+2.2pp | 6.8%-2.2pp | 9.0%-0.3pp | 9.3%-3.1pp | 12.4%+3.3pp | 9.0%+5.3pp | 3.8%+0.3pp | 3.5%-0.8pp | 4.4%+1.4pp | 2.9%-4.6pp | 7.5%+1.4pp | 6.1%-1.8pp | 7.9%+6.0pp | 1.9%-3.6pp | 5.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
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Where News Corp Ranks
Frequently Asked Questions
What is News Corp's annual revenue?
News Corp (NWS) reported $9.0B in total revenue for fiscal year 2026. This represents a 6.8% 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 News Corp's revenue growing?
News Corp (NWS) revenue grew by 6.8% year-over-year, from $8.5B to $9.0B in fiscal year 2026.
Is News Corp profitable?
Yes, News Corp (NWS) reported a net income of $573.0M in fiscal year 2026, with a net profit margin of 6.3%.
How much debt does News Corp have?
As of fiscal year 2026, News Corp (NWS) had $2.1B in cash and equivalents against $2.0B in long-term debt.
What is News Corp's net profit margin?
News Corp (NWS) had a net profit margin of 6.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is News Corp's return on equity (ROE)?
News Corp (NWS) has a return on equity of 6.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is News Corp's free cash flow?
News Corp (NWS) generated $811.0M in free cash flow during fiscal year 2026. This represents a 42.0% 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.
What is News Corp's operating cash flow?
News Corp (NWS) generated $1.2B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are News Corp's total assets?
News Corp (NWS) had $15.5B in total assets as of fiscal year 2026, including both current and long-term assets.
What are News Corp's capital expenditures?
News Corp (NWS) invested $426.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is News Corp's current ratio?
News Corp (NWS) had a current ratio of 1.62 as of fiscal year 2026, which is generally considered healthy.
What is News Corp's debt-to-equity ratio?
News Corp (NWS) had a debt-to-equity ratio of 0.23 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is News Corp's return on assets (ROA)?
News Corp (NWS) had a return on assets of 3.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is News Corp's Piotroski F-Score?
News Corp (NWS) has a Piotroski F-Score of 4 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.
Are News Corp's earnings high quality?
News Corp (NWS) has an earnings quality ratio of 2.16x, 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.
How financially healthy is News Corp?
News Corp (NWS) scores 38 out of 100 on our Financial Health Score, indicating weak 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.