NASDAQ: NWSA
News Corp
Communication Services · Newspapers: Publishing or Publishing & Printing
52-week range
$22.20$31.66
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.$13.4B
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| Period | Market cap |
|---|---|
| FY2017, ended Jun 30, 2017 | $7.97B |
| FY2018, ended Jun 30, 2018 | $9.04B |
| FY2019, ended Jun 30, 2019 | $7.90B |
| FY2020, ended Jun 30, 2020 | $6.98B |
| FY2021, ended Jun 30, 2021 | $15.2B |
| FY2022, ended Jun 30, 2022 | $9.06B |
| FY2023, ended Jun 30, 2023 | $11.1B |
| FY2024, ended Jun 30, 2024 | $15.7B |
| FY2025, ended Jun 30, 2025 | $16.8B |
| FY2026, ended Jun 30, 2026 | $13.4B |
Revenue
By fiscal year.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$9.03B
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| Period | Revenue |
|---|---|
| FY2017, ended Jun 30, 2017 | $8.14B |
| FY2018, ended Jun 30, 2018 | $9.02B |
| FY2019, ended Jun 30, 2019 | $10.1B |
| FY2020, ended Jun 30, 2020 | $9.01B |
| FY2021, ended Jun 30, 2021 | $9.36B |
| FY2022, ended Jun 30, 2022 | $10.4B |
| FY2023, ended Jun 30, 2023 | $8.01B |
| FY2024, ended Jun 30, 2024 | $8.25B |
| FY2025, ended Jun 30, 2025 | $8.45B |
| FY2026, ended Jun 30, 2026 | $9.03B |
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 | −$738M | $238M |
| FY2018, ended Jun 30, 2018 | −$1.51B | $393M |
| FY2019, ended Jun 30, 2019 | $155M | $356M |
| FY2020, ended Jun 30, 2020 | −$1.27B | $342M |
| FY2021, ended Jun 30, 2021 | $330M | $847M |
| FY2022, ended Jun 30, 2022 | $623M | $855M |
| FY2023, ended Jun 30, 2023 | $149M | $745M |
| FY2024, ended Jun 30, 2024 | $266M | $741M |
| FY2025, ended Jun 30, 2025 | $1.18B | $571M |
| FY2026, ended Jun 30, 2026 | $573M | $811M |
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.$2.10B
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| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Jun 30, 2017 | $2.02B |
| FY2018, ended Jun 30, 2018 | $2.03B |
| FY2019, ended Jun 30, 2019 | $1.64B |
| FY2020, ended Jun 30, 2020 | $1.52B |
| FY2021, ended Jun 30, 2021 | $2.24B |
| FY2022, ended Jun 30, 2022 | $1.82B |
| FY2023, ended Jun 30, 2023 | $1.76B |
| FY2024, ended Jun 30, 2024 | $1.87B |
| FY2025, ended Jun 30, 2025 | $2.40B |
| FY2026, ended Jun 30, 2026 | $2.10B |
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.$1.99B
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| Period | Total debt |
|---|---|
| FY2017, ended Jun 30, 2017 | $379M |
| FY2018, ended Jun 30, 2018 | $1.95B |
| FY2019, ended Jun 30, 2019 | $1.45B |
| FY2020, ended Jun 30, 2020 | $1.26B |
| FY2021, ended Jun 30, 2021 | $2.31B |
| FY2022, ended Jun 30, 2022 | $3.07B |
| FY2023, ended Jun 30, 2023 | $2.97B |
| FY2024, ended Jun 30, 2024 | $2.10B |
| FY2025, ended Jun 30, 2025 | $1.96B |
| FY2026, ended Jun 30, 2026 | $1.99B |
Shares outstanding
At each fiscal year end, adjusted for splits. Down 7.0% since 2017.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.541M
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| Period | Shares outstanding |
|---|---|
| FY2017, ended Jun 30, 2017 | 582M |
| FY2018, ended Jun 30, 2018 | 583M |
| FY2019, ended Jun 30, 2019 | 585M |
| FY2020, ended Jun 30, 2020 | 589M |
| FY2021, ended Jun 30, 2021 | 591M |
| FY2022, ended Jun 30, 2022 | 581M |
| FY2023, ended Jun 30, 2023 | 571M |
| FY2024, ended Jun 30, 2024 | 569M |
| FY2025, ended Jun 30, 2025 | 565M |
| FY2026, ended Jun 30, 2026 | 541M |
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: $564M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2017, ended Jun 30, 2017 | — | $38.0M |
| FY2018, ended Jun 30, 2018 | — | $76.0M |
| FY2019, ended Jun 30, 2019 | — | $73.0M |
| FY2020, ended Jun 30, 2020 | $0 | $69.0M |
| FY2021, ended Jun 30, 2021 | $0 | $128M |
| FY2022, ended Jun 30, 2022 | $179M | $59.0M |
| FY2023, ended Jun 30, 2023 | $243M | $87.0M |
| FY2024, ended Jun 30, 2024 | $117M | $91.0M |
| FY2025, ended Jun 30, 2025 | $150M | $84.0M |
| FY2026, ended Jun 30, 2026 | $641M | $77.0M |
Revenue (TTM)
$9.03B
+6.8% YoY
Net income (TTM)
$573M
−51.4% YoY
Cash
$2.10B
−12.8% YoY
Total debt
$1.99B
+1.4% YoY
Valuation
At current price- Market Cap
- $15.8B
- P/E
- 27.5×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.7×
- Price / Book
- 1.8×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $9.03B
- Revenue Growth YoY
- 6.8%
- Revenue CAGR 3Y
- 4.1%
- Revenue CAGR 5Y
- −0.7%
- EPS Growth YoY
- −50.2%
- Net Income Growth YoY
- −51.4%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 6.3%
- FCF Margin
- 9.0%
- Return on Equity
- 6.6%
Earnings
Trailing 12 months- Net Income
- $573M
- EPS (diluted)
- $1.03
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $2.10B
- Total Debt
- $1.99B
- Net Cash
- $106M
- Total Assets
- $15.5B
- Total Liabilities
- $6.31B
- Shareholders' Equity
- $8.53B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.24B
- Capital Expenditure
- $426M
- Free Cash Flow
- $811M
Dividends and risk
Last 12 months- Dividend Yield
- 0.7%
- Dividend / Share
- $0.20
- Beta (5Y)
- 0.97
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 6.8% year over year, at $9.03B.
Note
Net margin of 6.3% over the last 12 months.
Strength
Holds more cash than debt, with $106M in net cash.
Note
Free cash flow of $811M, 9.0% 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 7, 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-K70Good news
70Good news
10-K for the fiscal year ended Jun 30, 2025
Filed Aug 6, 2025 · Read the filing on EDGAR
- Foxtel was sold to DAZN in April 2025 and now counts as discontinued, so continuing revenue is $8.45 billion, up 2%.
- Net income rose 279% to $1.34 billion, lifted by the Foxtel sale; continuing net income rose 71% to $648 million, helped by a PropertyGuru gain.
- Every operating segment grew profit, with total segment EBITDA up from $1,241 million to $1,415 million, and a new $1 billion buyback was announced.
- The filing warns more sharply that AI tools are reducing traffic and subscriber demand, and that some court rulings have favored AI developers.
Business momentum
Strong improvement
“Net income from continuing operations for the fiscal year ended June 30, 2025 was $648 million as compared to $379 million for the fiscal year ended June 30, 2024, an increase of $269 million, or 71%”
Outlook
Cautious
“macroeconomic factors such as interest rates and inflation, which are expected to continue to adversely impact real estate lead and transaction volumes and adjacent businesses in the near term, particularly in the U.S.”
Financial stress
Low
“The Company currently expects these elements of liquidity will enable it to meet its liquidity needs for at least the next twelve months, including repayment of indebtedness.”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Dow Jones grew on subscriptions and professional data
“Professional information business revenues increased $59 million, or 7%, primarily due to the $43 million and $27 million increases in Risk & Compliance and Dow Jones Energy revenues, respectively”
Digital real estate profit rose strongly
“For the fiscal year ended June 30, 2025, Segment EBITDA at the Digital Real Estate Services segment increased $93 million, or 18%, as compared to fiscal 2024”
New $1 billion share buyback after the Foxtel exit
“On July 15, 2025, the Company announced a new stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock”
Concerns
AI tools are already reducing traffic and demand
“without permission, attribution or compensation, have, and may continue to, reduce traffic to, and subscriber demand for, the Company’s digital products and services and harm existing and potential revenue streams”
News Media revenue and advertising keep falling
“For the fiscal year ended June 30, 2025, revenues at the News Media segment decreased $100 million, or 4%, as compared to fiscal 2024.”
Weak US housing market held back Realtor.com owner Move
“The increases were largely offset by the continued negative impact of the macroeconomic environment on the U.S. housing market, including higher interest rates, which resulted in a 9% decline in lead volumes and lower transaction volumes.”
New risks since the previous report
Court rulings may let AI developers use content without paying
“Some recent lower court decisions have found that unlicensed use of copyrighted materials for the training of AI models could, under the specific facts and circumstances presented, constitute “fair use” and therefore not a copyright violation.”
Content licensing deals may not be renewed
“For example, not all of the Company’s content license agreements have been renewed, and there is no guarantee that existing agreements will be renewed on terms favorable to the Company or at all.”
Platform algorithm changes are cutting UK website traffic
“Visibility on these platforms depends on algorithms that are outside the Company’s control and change frequently, and recent changes have adversely affected traffic to some of the digital properties in the News Media segment, particularly in the U.K.”
Tariffs and trade policy could weaken customer spending
“Recent changes in trade policy, including new or potential tariffs and other trade restrictions announced by the U.S. and other countries, have led to significant economic and market volatility and uncertainty and may exacerbate inflationary pressures.”
Softer US consumer spending on books
“Recent economic uncertainty and lower consumer confidence have contributed to softer consumer spending within the U.S. book publishing industry, which may continue in the near term.”
Biggest risks named
- Generative AI competition and unauthorized use of company content
- Weak US housing market and industry commission changes hurting Move
- Falling print and advertising revenue, with platform algorithms cutting traffic
- Economic uncertainty, tariffs and lower consumer confidence
- Currency swings and heavy exposure to Australia and the UK
Artificial intelligence in this business: Material to the business
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | −2 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 70 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 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 7, 2026 | Pro | |||
| 10-K | Aug 6, 2025 | 70 | Strong improvement | None | |
| 10-K | Aug 13, 2024 | 70 | Strong improvement | None | |
| 10-K | Aug 15, 2023 | 35 | Sharp deterioration | 1 medium1 minor | |
| 10-K | Aug 12, 2022 | 67 | Strong improvement | 1 minor | |
| 10-K | Aug 10, 2021 | 70 | Strong improvement | None | |
| 10-K | Aug 11, 2020 | 36 | Sharp deterioration | 1 medium | |
| 10-K | Aug 13, 2019 | 57 | Improving | 2 medium | |
| 10-K | Aug 15, 2018 | 35 | Sharp deterioration | 2 medium | |
| 10-K | Aug 14, 2017 | 36 | Sharp deterioration | 2 medium |
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 7, 2026. View filings on SEC EDGAR