NASDAQ: FOXA
Fox Corp
Communication Services · Television Broadcasting Stations
52-week range
Stock price
Market cap
At each fiscal year end: closing price × shares outstanding.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$21.9B
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| Period | Market cap |
|---|---|
| FY2017, ended Jun 30, 2017 | — |
| FY2018, ended Jun 30, 2018 | — |
| FY2019, ended Jun 30, 2019 | $22.7B |
| FY2020, ended Jun 30, 2020 | $16.2B |
| FY2021, ended Jun 30, 2021 | $21.3B |
| FY2022, ended Jun 30, 2022 | $17.7B |
| FY2023, ended Jun 30, 2023 | $16.6B |
| FY2024, ended Jun 30, 2024 | $15.8B |
| FY2025, ended Jun 30, 2025 | $25.0B |
| FY2026, ended Jun 30, 2026 | $21.9B |
Revenue
By fiscal year.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$17.1B
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| Period | Revenue |
|---|---|
| FY2017, ended Jun 30, 2017 | $9.92B |
| FY2018, ended Jun 30, 2018 | $10.2B |
| FY2019, ended Jun 30, 2019 | $11.4B |
| FY2020, ended Jun 30, 2020 | $12.3B |
| FY2021, ended Jun 30, 2021 | $12.9B |
| FY2022, ended Jun 30, 2022 | $14.0B |
| FY2023, ended Jun 30, 2023 | $14.9B |
| FY2024, ended Jun 30, 2024 | $14.0B |
| FY2025, ended Jun 30, 2025 | $16.3B |
| FY2026, ended Jun 30, 2026 | $17.1B |
Net income and free cash flow
By fiscal year. Free cash flow is operating cash flow minus capex.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended Jun 30, 2017 | $1.37B | $1.46B |
| FY2018, ended Jun 30, 2018 | $2.19B | $1.10B |
| FY2019, ended Jun 30, 2019 | $1.59B | $2.29B |
| FY2020, ended Jun 30, 2020 | $999M | $2.01B |
| FY2021, ended Jun 30, 2021 | $2.15B | $2.15B |
| FY2022, ended Jun 30, 2022 | $1.21B | $1.58B |
| FY2023, ended Jun 30, 2023 | $1.24B | $1.44B |
| FY2024, ended Jun 30, 2024 | $1.50B | $1.50B |
| FY2025, ended Jun 30, 2025 | $2.26B | $2.99B |
| FY2026, ended Jun 30, 2026 | $1.69B | $1.47B |
Cash and cash equivalents
At each fiscal year end.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$4.21B
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| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Jun 30, 2017 | $19.0M |
| FY2018, ended Jun 30, 2018 | $2.50B |
| FY2019, ended Jun 30, 2019 | $3.23B |
| FY2020, ended Jun 30, 2020 | $4.64B |
| FY2021, ended Jun 30, 2021 | $5.89B |
| FY2022, ended Jun 30, 2022 | $5.20B |
| FY2023, ended Jun 30, 2023 | $4.27B |
| FY2024, ended Jun 30, 2024 | $4.32B |
| FY2025, ended Jun 30, 2025 | $5.35B |
| FY2026, ended Jun 30, 2026 | $4.21B |
Total debt
At each fiscal year end. Short- and long-term borrowings, excluding leases.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$6.61B
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| Period | Total debt |
|---|---|
| FY2017, ended Jun 30, 2017 | — |
| FY2018, ended Jun 30, 2018 | $0 |
| FY2019, ended Jun 30, 2019 | $6.75B |
| FY2020, ended Jun 30, 2020 | $7.95B |
| FY2021, ended Jun 30, 2021 | $7.95B |
| FY2022, ended Jun 30, 2022 | $7.21B |
| FY2023, ended Jun 30, 2023 | $7.21B |
| FY2024, ended Jun 30, 2024 | $7.20B |
| FY2025, ended Jun 30, 2025 | $6.60B |
| FY2026, ended Jun 30, 2026 | $6.61B |
Shares outstanding
At each fiscal year end, adjusted for splits. Down 32.4% since 2017.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.420M
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| Period | Shares outstanding |
|---|---|
| FY2017, ended Jun 30, 2017 | 621M |
| FY2018, ended Jun 30, 2018 | 621M |
| FY2019, ended Jun 30, 2019 | 621M |
| FY2020, ended Jun 30, 2020 | 605M |
| FY2021, ended Jun 30, 2021 | 575M |
| FY2022, ended Jun 30, 2022 | 549M |
| FY2023, ended Jun 30, 2023 | 489M |
| FY2024, ended Jun 30, 2024 | 460M |
| FY2025, ended Jun 30, 2025 | 446M |
| FY2026, ended Jun 30, 2026 | 420M |
Buybacks and new shares
By fiscal year, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.Net: $1.87B more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2017, ended Jun 30, 2017 | — | $0 |
| FY2018, ended Jun 30, 2018 | $0 | $0 |
| FY2019, ended Jun 30, 2019 | $0 | $36.0M |
| FY2020, ended Jun 30, 2020 | $600M | $137M |
| FY2021, ended Jun 30, 2021 | $1.00B | $147M |
| FY2022, ended Jun 30, 2022 | $1.00B | $102M |
| FY2023, ended Jun 30, 2023 | $2.00B | $74.0M |
| FY2024, ended Jun 30, 2024 | $1.00B | $90.0M |
| FY2025, ended Jun 30, 2025 | $1.00B | $135M |
| FY2026, ended Jun 30, 2026 | $2.00B | $132M |
Revenue (TTM)
$17.1B
+5.1% YoY
Net income (TTM)
$1.69B
−25.5% YoY
Cash
$4.21B
−21.4% YoY
Total debt
$6.61B
+0.1% YoY
Valuation
At current price- Market Cap
- $26.5B
- P/E
- 15.7×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.5×
- Price / Book
- 2.3×
- EV / EBITDA
- 9.4×
Growth
Trailing 12 months- Revenue (TTM)
- $17.1B
- Revenue Growth YoY
- 5.1%
- Revenue CAGR 3Y
- 4.7%
- Revenue CAGR 5Y
- 5.8%
- EPS Growth YoY
- −21.8%
- Net Income Growth YoY
- −25.5%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 9.8%
- FCF Margin
- 8.6%
- Return on Equity
- 14.3%
Earnings
Trailing 12 months- Net Income
- $1.69B
- EPS (diluted)
- $3.84
- EBITDA
- $3.09B
- Operating Income
- —
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $4.21B
- Total Debt
- $6.61B
- Net Debt
- $2.40B
- Total Assets
- $22.5B
- Total Liabilities
- $10.8B
- Shareholders' Equity
- $11.6B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.97B
- Capital Expenditure
- $502M
- Free Cash Flow
- $1.47B
Dividends and risk
Last 12 months- Dividend Yield
- 0.9%
- Dividend / Share
- $0.57
- Beta (5Y)
- 0.61
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 5.1% year over year, at $17.1B.
Note
Net margin of 9.8% over the last 12 months.
Note
Net debt of $2.40B is 0.8× EBITDA, a manageable load.
Note
Free cash flow of $1.47B, 8.6% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Jun 30, 2026 · filed Aug 6, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K68Mildly positive
10-K for the fiscal year ended Jun 30, 2025
Filed Aug 6, 2025 · Read the filing on EDGAR
- Revenue rose 17% to $16.3 billion, helped by the Super Bowl, 2024 election ads, higher NFL pricing and growth at the Tubi streaming service.
- Net income rose 48% to $2.29 billion, partly from higher values on stock investments, despite settlement and other costs from ending the Venu Sports venture.
- Television segment profit rose 87% to $945 million, and Cable segment profit rose 13% to $3.03 billion.
- Fox ended the year with $5.4 billion in cash, repaid $600 million of debt and raised its semi-annual dividend to $0.28 per share.
Business momentum
Strong improvement
“Net income increased $739 million or 48% for fiscal 2025, as compared to fiscal 2024”
Outlook
Cautious
“These declines are expected to continue and possibly accelerate in the future.”
Financial stress
Low
“The Company has approximately $5.4 billion of cash and cash equivalents as of June 30, 2025 and an unused five-year $1.0 billion unsecured revolving credit facility”
Tone against the previous report
More positive
Red flags
- Minor
Other
“the legal settlement and other costs associated with the discontinuation of Venu Sports”
- Minor
Large write-down
“the Company recorded a non-cash impairment charge for intangible assets of approximately $70 million primarily related to FCC licenses”
Positives
Strong revenue growth across all major sources
“The Company’s revenues increased $2.3 billion or 17% for fiscal 2025, as compared to fiscal 2024, due to higher affiliate fee, advertising and other revenues.”
Television segment profit rebounded sharply
“Television Segment EBITDA increased $439 million or 87% for fiscal 2025, as compared to fiscal 2024”
New direct-to-consumer streaming service adds to digital offerings
“the FOX One direct-to-consumer subscription streaming service expected to launch by the Fall of 2025”
Concerns
Much of the growth came from events that do not repeat every year
“Major sports events, such as the NFL’s Super Bowl and the FIFA World Cup and the state, congressional and presidential election cycles also may cause the Company's advertising revenues to vary substantially from year to year.”
Pay-TV subscriber losses continue to weigh on affiliate fees
“partially offset by the approximately $460 million impact of a lower average number of subscribers across all networks”
Sports rights and production costs rose sharply
“primarily due to the approximately $1 billion impact of higher sports programming rights amortization and production costs driven by higher NFL costs”
New risks since the previous report
Government-ordered auction of satellite spectrum used to deliver TV programming
“On July 4, 2025, the One Big Beautiful Bill Act was signed into law, directing the FCC to conduct within two years an auction of at least 100 MHz of C-Band spectrum.”
Generative AI could copy Fox content and reduce its value
“Generative AI may enable new competitors to rapidly produce large volumes of content and replicate or imitate our proprietary content without authorization, attribution or compensation.”
Fox's own strategic initiatives could complicate pay-TV contract renewals
“our strategic initiatives could negatively impact our ability to renew our MVPD”
Some station licenses have little cushion before further write-downs
“the fair value of FCC licenses in certain markets exceeded their respective carrying value by less than 10% as of June 30, 2025”
Biggest risks named
- Falling pay-TV subscribers and shifting viewing habits
- Advertising declines and swings from sports events and elections
- Loss or weaker renewal of affiliate and carriage agreements
- Rising costs or loss of sports programming rights
- Defamation lawsuits, including Smartmatic, and other litigation
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | −2 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −2.4 | |
| New risks | −2 | |
| Score | 68 | |
Written by AI (Claude Opus 5.5) from the report’s text. 15 of 15 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Aug 6, 2026 | Pro | |||
| 10-K | Aug 6, 2025 | 68 | Strong improvement | 2 minor | |
| 10-K | Aug 8, 2024 | 53 | Mixed | None | |
| 10-K | Aug 11, 2023 | 57 | Improving | 2 medium | |
| 10-K | Aug 12, 2022 | 42 | Sharp deterioration | None | |
| 10-K | Aug 10, 2021 | 70 | Strong improvement | None | |
| 10-K | Aug 10, 2020 | 48 | Mixed | 1 medium1 minor | |
| 10-K | Aug 9, 2019 | 54 | Mixed | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-K for FY2026 (period ended Jun 30, 2026), filed Aug 6, 2026. View filings on SEC EDGAR