News Corp Financials

NWSA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows News Corp (NWSA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Financial Health Signals

Financial Profile 55/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

News Corp's revenue grew a modest 2.4% year-over-year to $8.5B. This slow but positive growth earns a score of 35/100.

Leverage

100

News Corp carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

News Corp's current ratio of 1.84 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

News Corp has a free cash flow margin of 6.8%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

News Corp's ROE of 13.5% shows moderate profitability relative to equity, earning a score of 54/100. This is up from 3.3% the prior year.

Piotroski F-Score Neutral

6/9

News Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.83x

For every $1 of reported earnings, News Corp generates $0.83 in operating cash flow ($978.0M OCF vs $1.2B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Revenue

$8.5B

YoY+2.4%

5Y CAGR-1.3%

10Y CAGR-0.1%

News Corp generated $8.5B in revenue in fiscal year 2025. This represents an increase of 2.4% from the prior year.

EBITDA

N/A

Free Cash Flow

$571.0M

YoY-22.9%

5Y CAGR+10.8%

10Y CAGR+0.9%

News Corp generated $571.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.9% from the prior year.

Net Income

$1.2B

YoY+343.6%

News Corp reported $1.2B in net income in fiscal year 2025. This represents an increase of 343.6% from the prior year.

EPS (Diluted)

$2.07

YoY+350.0%

News Corp earned $2.07 per diluted share (EPS) in fiscal year 2025. This represents an increase of 350.0% from the prior year.

Cash & Debt

$2.4B

YoY+28.4%

5Y CAGR+9.6%

10Y CAGR+2.1%

News Corp held $2.4B in cash against $1.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

14.0%

YoY+10.7pp

5Y CAGR+28.0pp

10Y CAGR+15.7pp

News Corp's net profit margin was 14.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.7 percentage points from the prior year.

Return on Equity

13.5%

YoY+10.2pp

News Corp's ROE was 13.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$150.0M

YoY+28.2%

10Y CAGR+17.5%

News Corp spent $150.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 28.2% from the prior year.

Capital Expenditures

$407.0M

YoY+14.0%

5Y CAGR-1.5%

10Y CAGR+2.8%

News Corp invested $407.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.0% from the prior year.

NWSA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$8.5B+2.4%	$8.3B+3.0%	$8.0B-5.0%	$8.4B-9.8%	$9.4B+3.9%	$9.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.3B+3.3%	$3.2B+6.1%	$3.0B-6.5%	$3.2B-1.0%	$3.3B+8.6%	$3.0B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$275.0M+33.5%	$206.0M+35.5%	$152.0M+137.5%	$64.0M+4.9%	$61.0M+190.5%	$21.0M
Net Income	$1.2B+343.6%	$266.0M+78.5%	$149.0M-76.1%	$623.0M+88.8%	$330.0M+126.0%	-$1.3B
EPS (Diluted)	$2.07+350.0%	$0.46+76.9%	$0.26-75.2%	$1.05+87.5%	$0.56+125.9%	$-2.16

Metric	Q2'25	Q1'25	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q2'22
Revenue	$2.4B+10.2%	$2.1B-4.2%	$2.2B+6.8%	$2.1B-1.8%	$2.1B+5.1%	$2.0B	N/A	$2.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$833.0M-3.5%	$863.0M+8.3%	$797.0M-2.7%	$819.0M+7.1%	$765.0M-11.3%	$862.0M	N/A	$818.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$125.0M+101.6%	$62.0M-50.0%	$124.0M+103.3%	$61.0M-37.1%	$97.0M+162.2%	$37.0M	N/A	$61.0M
Net Income	$193.0M+72.3%	$112.0M-47.9%	$215.0M+80.7%	$119.0M-23.7%	$156.0M+420.0%	$30.0M	N/A	$67.0M
EPS (Diluted)	$0.34+70.0%	$0.20-47.4%	$0.38+81.0%	$0.21-22.2%	$0.27+440.0%	$0.05	N/A	$0.12

NWSA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.5B-7.1%	$16.7B-1.4%	$16.9B-1.7%	$17.2B+2.7%	$16.8B+17.6%	$14.3B
Current Assets	$4.8B+10.0%	$4.4B+7.9%	$4.1B-1.0%	$4.1B-8.1%	$4.5B+28.7%	$3.5B
Cash & Equivalents	$2.4B+28.4%	$1.9B+6.3%	$1.8B-0.6%	$1.8B-20.8%	$2.2B+47.4%	$1.5B
Inventory	$327.0M+22.9%	$266.0M-8.3%	$290.0M-6.8%	$311.0M+22.9%	$253.0M-27.3%	$348.0M
Accounts Receivable	$1.6B+10.0%	$1.4B+5.4%	$1.3B-10.3%	$1.5B+0.3%	$1.5B+24.5%	$1.2B
Goodwill	$4.4B+0.9%	$4.3B+1.0%	$4.3B-0.2%	$4.3B-7.6%	$4.7B+17.8%	$4.0B
Total Liabilities	$6.7B-21.4%	$8.6B-3.3%	$8.9B-1.6%	$9.0B+5.1%	$8.6B+28.2%	$6.7B
Current Liabilities	$2.6B-14.6%	$3.1B-3.5%	$3.2B-10.1%	$3.5B+8.8%	$3.2B+20.6%	$2.7B
Long-Term Debt	$1.9B-7.5%	$2.1B-4.4%	$2.2B-21.1%	$2.8B+21.5%	$2.3B+93.2%	$1.2B
Total Equity	$8.8B+8.1%	$8.1B+0.7%	$8.1B-1.9%	$8.2B+0.1%	$8.2B+8.3%	$7.6B
Retained Earnings	-$747.0M+60.5%	-$1.9B+11.9%	-$2.1B+6.5%	-$2.3B+21.2%	-$2.9B+10.2%	-$3.2B

Metric	Q2'25	Q1'25	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q2'22
Total Assets	$15.5B+1.1%	$15.3B-5.1%	$16.2B-4.5%	$16.9B+1.5%	$16.7B+1.3%	$16.5B-2.6%	$16.9B+0.2%	$16.9B
Current Assets	$4.6B+2.2%	$4.5B-30.7%	$6.5B+43.2%	$4.5B+12.6%	$4.0B+0.9%	$4.0B-2.1%	$4.1B+7.7%	$3.8B
Cash & Equivalents	$2.1B-6.7%	$2.2B+25.5%	$1.8B-0.7%	$1.8B+3.3%	$1.7B+11.6%	$1.5B-13.2%	$1.8B+32.6%	$1.3B
Inventory	$306.0M-6.4%	$327.0M+10.5%	$296.0M-21.7%	$378.0M+27.3%	$297.0M-21.4%	$378.0M+30.3%	$290.0M-11.6%	$328.0M
Accounts Receivable	$1.9B+15.8%	$1.6B-1.2%	$1.7B-2.5%	$1.7B+12.0%	$1.5B-2.8%	$1.6B+15.7%	$1.3B-17.7%	$1.6B
Goodwill	$4.5B+1.8%	$4.4B+3.6%	$4.3B-18.9%	$5.3B+0.8%	$5.2B+2.2%	$5.1B+18.9%	$4.3B-17.0%	$5.2B
Total Liabilities	$6.7B+1.2%	$6.6B-17.1%	$8.0B-7.6%	$8.7B+2.1%	$8.5B-1.0%	$8.6B-3.1%	$8.9B+0.9%	$8.8B
Current Liabilities	$2.5B-0.6%	$2.5B-32.0%	$3.7B+14.1%	$3.3B+17.4%	$2.8B-8.3%	$3.0B-4.0%	$3.2B+7.7%	$2.9B
Long-Term Debt	$1.9B-0.3%	$1.9B-0.9%	$1.9B-28.0%	$2.7B-9.3%	$3.0B+2.6%	$2.9B+32.9%	$2.2B-27.0%	$3.0B
Total Equity	$8.8B+1.0%	$8.7B+6.8%	$8.1B-1.3%	$8.3B+0.9%	$8.2B+3.7%	$7.9B-2.1%	$8.1B-0.6%	$8.1B
Retained Earnings	-$509.0M+23.3%	-$664.0M+57.8%	-$1.6B+11.5%	-$1.8B+9.1%	-$2.0B+7.4%	-$2.1B+1.4%	-$2.1B+1.9%	-$2.2B

NWSA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$978.0M-10.9%	$1.1B+0.5%	$1.1B-19.4%	$1.4B+9.5%	$1.2B+58.6%	$780.0M
Capital Expenditures	$407.0M+14.0%	$357.0M+2.9%	$347.0M+11.9%	$310.0M-20.5%	$390.0M-11.0%	$438.0M
Free Cash Flow	$571.0M-22.9%	$741.0M-0.5%	$745.0M-28.6%	$1.0B+23.3%	$847.0M+147.7%	$342.0M
Investing Cash Flow	N/A	-$524.0M+8.7%	-$574.0M+72.4%	-$2.1B-60.7%	-$1.3B-202.6%	-$427.0M
Financing Cash Flow	N/A	-$441.0M+12.0%	-$501.0M-224.0%	$404.0M-42.2%	$699.0M+248.1%	-$472.0M
Dividends Paid	$185.0M+7.6%	$172.0M-1.1%	$174.0M-0.6%	$175.0M+7.4%	$163.0M+3.2%	$158.0M
Share Buybacks	$150.0M+28.2%	$117.0M-51.9%	$243.0M+35.8%	$179.0M	$0	$0

Metric	Q2'25	Q1'25	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q2'22
Operating Cash Flow	$231.0M+171.8%	$85.0M-60.3%	$214.0M+234.4%	$64.0M-79.1%	$306.0M+656.4%	-$55.0M-113.0%	$422.0M+119.8%	$192.0M
Capital Expenditures	$99.0M+22.2%	$81.0M-1.2%	$82.0M+9.3%	$75.0M+150.0%	$30.0M-75.8%	$124.0M+4233.3%	-$3.0M-102.7%	$113.0M
Free Cash Flow	$132.0M+3200.0%	$4.0M-97.0%	$132.0M+1300.0%	-$11.0M-104.0%	$276.0M+254.2%	-$179.0M-142.7%	$419.0M+430.4%	$79.0M
Investing Cash Flow	N/A	N/A	-$142.0M-4.4%	-$136.0M-14.3%	-$119.0M+25.2%	-$159.0M-18.7%	-$134.0M+35.3%	-$207.0M
Financing Cash Flow	N/A	N/A	$3.0M+102.0%	-$147.0M-86.1%	-$79.0M-21.5%	-$65.0M+45.4%	-$119.0M+27.0%	-$163.0M
Dividends Paid	$57.0M+21.3%	$47.0M-17.5%	$57.0M+62.9%	$35.0M-38.6%	$57.0M+103.6%	$28.0M-51.7%	$58.0M0.0%	$58.0M
Share Buybacks	$172.0M+87.0%	$92.0M+130.0%	$40.0M+5.3%	$38.0M+40.7%	$27.0M-6.9%	$29.0M-38.3%	$47.0M-7.8%	$51.0M

NWSA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.0%+10.7pp	3.2%+1.4pp	1.9%-5.5pp	7.4%+3.9pp	3.5%+17.6pp	-14.1%
Return on Equity	13.5%+10.2pp	3.3%+1.4pp	1.8%-5.7pp	7.6%+3.6pp	4.0%	N/A
Return on Assets	7.6%+6.0pp	1.6%+0.7pp	0.9%-2.7pp	3.6%+1.7pp	2.0%+10.9pp	-8.9%
Current Ratio	1.84+0.4	1.43+0.2	1.28+0.1	1.16-0.2	1.38+0.1	1.29
Debt-to-Equity	0.22-0.0	0.26-0.0	0.27-0.1	0.34+0.1	0.28+0.1	0.16
FCF Margin	6.8%-2.2pp	9.0%-0.3pp	9.3%-3.1pp	12.4%+3.3pp	9.0%+5.3pp	3.8%

Metric	Q2'25	Q1'25	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.2%+2.9pp	5.2%-4.4pp	9.6%+3.9pp	5.7%-1.6pp	7.3%+5.8pp	1.5%	N/A	2.7%
Return on Equity	2.2%+0.9pp	1.3%-1.4pp	2.6%+1.2pp	1.4%-0.5pp	1.9%+1.5pp	0.4%	N/A	0.8%
Return on Assets	1.2%+0.5pp	0.7%-0.6pp	1.3%+0.6pp	0.7%-0.2pp	0.9%+0.8pp	0.2%	N/A	0.4%
Current Ratio	1.81+0.1	1.76+0.0	1.73+0.4	1.38-0.1	1.44+0.1	1.31+0.0	1.280.0	1.28
Debt-to-Equity	0.220.0	0.22-0.0	0.24-0.1	0.33-0.0	0.360.0	0.37+0.1	0.27-0.1	0.37
FCF Margin	5.6%+5.4pp	0.2%-5.7pp	5.9%+6.4pp	-0.5%-13.5pp	12.9%+21.7pp	-8.8%	N/A	3.1%

Similar Companies

News Corp NWS

$14.4B

Warner Music Group Corp. WMG

$15.4B

TKO Group TKO

$16.3B

Roku ROKU

$13.3B

Fox Ord FOXA

$24.0B

Frequently Asked Questions

What is News Corp's annual revenue?

News Corp (NWSA) reported $8.5B in total revenue for fiscal year 2025. This represents a 2.4% 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 (NWSA) revenue grew by 2.4% year-over-year, from $8.3B to $8.5B in fiscal year 2025.

Is News Corp profitable?

Yes, News Corp (NWSA) reported a net income of $1.2B in fiscal year 2025, with a net profit margin of 14.0%.

What is News Corp's earnings per share (EPS)?

News Corp (NWSA) reported diluted earnings per share of $2.07 for fiscal year 2025. This represents a 350.0% 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.

How much debt does News Corp have?

As of fiscal year 2025, News Corp (NWSA) had $2.4B in cash and equivalents against $1.9B in long-term debt.

What is News Corp's net profit margin?

News Corp (NWSA) had a net profit margin of 14.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is News Corp's return on equity (ROE)?

News Corp (NWSA) has a return on equity of 13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is News Corp's free cash flow?

News Corp (NWSA) generated $571.0M in free cash flow during fiscal year 2025. This represents a -22.9% 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 (NWSA) generated $978.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are News Corp's total assets?

News Corp (NWSA) had $15.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are News Corp's capital expenditures?

News Corp (NWSA) invested $407.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does News Corp buy back shares?

Yes, News Corp (NWSA) spent $150.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is News Corp's current ratio?

News Corp (NWSA) had a current ratio of 1.84 as of fiscal year 2025, which is generally considered healthy.

What is News Corp's debt-to-equity ratio?

News Corp (NWSA) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is News Corp's return on assets (ROA)?

News Corp (NWSA) had a return on assets of 7.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is News Corp's Piotroski F-Score?

News Corp (NWSA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are News Corp's earnings high quality?

News Corp (NWSA) has an earnings quality ratio of 0.83x, considered mixed 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 (NWSA) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.