Fox Corporation

FOX · NASDAQ · USD

Financials

Annual
StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line itemFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Valuation
Market cap$19,668$23,070$14,945$16,093$16,535$20,049$15,288$20,807–––
Enterprise value$23,131$25,289$18,878$20,095$19,089$22,617$19,180$24,335–––
P/E (TTM) at period end11.67×10.19×9.96×12.99×13.72×9.33×15.30×13.05×–––
P/S (TTM) at period end1.15×1.42×1.07×1.08×1.18×1.55×1.24×1.83×–––
P/B at period end1.69×1.93×1.39×1.55×1.46×1.80×1.51×2.09×–––
EV / EBITDA (TTM)5.37×6.34×5.84×5.66×5.81×6.78×6.40×8.52×–––
EV / Sales (TTM)1.35×1.55×1.35×1.35×1.37×1.75×1.56×2.14×–––
Returns
Return on equity14.5%18.9%14.0%11.9%10.6%19.3%9.9%16.0%22.8%22.5%–
Return on invested capital19.6%19.0%14.3%15.8%15.3%16.7%14.2%14.5%33.6%28.0%19.6%
Dividend yield1.5%1.2%1.9%1.9%1.9%1.6%2.2%0.9%–––
Financial health
Current ratio3.17×2.91×2.54×1.93×3.61×2.91×3.93×3.78×3.17×1.37×–
Debt / equity0.57×0.55×0.67×0.69×0.64×0.71×0.79×0.68×–––
Effective tax rate24.2%25.1%26.1%27.8%27.2%24.6%27.5%26.1%(2.7%)37.1%39.9%
Share count
Diluted shares outstanding439461480531570595616621621621620
StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line itemTTMFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue and gross profit
Revenue$17,126$17,126$16,300$13,980$14,913$13,974$12,909$12,303$11,389$10,153$9,921$8,894
Cost of revenue($10,853)($10,853)($10,518)($9,089)($9,689)($9,117)($8,037)($7,807)($7,327)($6,505)($6,100)($5,559)
Gross profit$6,273$6,273$5,782$4,891$5,224$4,857$4,872$4,496$4,062$3,648$3,821$3,335
Operating expenses
Research and development––––––––––––
Selling, general and administrative($2,367)($2,367)($2,168)($2,024)($2,049)($1,920)($1,807)($1,741)($1,419)($1,209)($1,092)($1,257)
Total operating expenses($2,378)($2,378)($2,178)($2,050)($2,082)($1,937)($1,836)($1,758)($1,419)($1,262)($1,117)($1,257)
Total costs and expenses($13,231)($13,231)($12,696)($11,139)($11,771)($11,054)($9,873)($9,565)($8,746)($7,767)($7,217)($6,816)
Operating income$3,895$3,895$3,604$2,841$3,142$2,920$3,036$2,738$2,643$2,386$2,704$2,078
Earnings
EBITDA$4,305$4,305$3,989$3,230$3,553$3,283$3,336$2,996$2,855$2,557$2,873$2,248
Interest income$127$127$176$189$131$6$4$35$41–––
Interest expense($401)($401)($403)($405)($349)($377)($395)($369)($203)($43)($23)($18)
Pre-tax income$2,278$2,278$3,061$2,104$1,736$1,694$2,918$1,464$2,224$2,170$2,241$1,843
Income tax expense($551)($551)($768)($550)($483)($461)($717)($402)($581)$58($832)($736)
Net income$1,685$1,685$2,263$1,501$1,239$1,205$2,150$999$1,595$2,187$1,372$1,072
Per share
Diluted EPS (GAAP)$3.84$3.84$4.91$3.13$2.33$2.11$3.61$1.62$2.57$3.52$2.21$1.73
Basic EPS (GAAP)$3.91$3.91$4.97$3.14$2.34$2.13$3.64$1.63$2.57$3.52$2.21$1.73
Basic shares outstanding431431455478529566621613621621621620
Margins
Gross margin36.6%36.6%35.5%35.0%35.0%34.8%37.7%36.5%35.7%35.9%38.5%37.5%
Operating margin22.7%22.7%22.1%20.3%21.1%20.9%23.5%22.3%23.2%23.5%27.3%23.4%
Net margin9.8%9.8%13.9%10.7%8.3%8.6%16.7%8.1%14.0%21.5%13.8%12.1%