Company file · FOX

Fox Corporation (Class B)

Fox Corporation (Class B)'s revenue rose 5.1% in FY2026, to $17.1B, and net income fell 24.7% to $1.7B

Revenue rose 5.1% to $17.1B in FY2026, from $16.3B in FY2025. Net income fell 24.7% to $1.7B. Television was the largest segment, at 56% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Aug 6, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Nov 2, 2026) · Data pulled Nov 11, 2026

Key facts

Fox Corporation (Class B) (Nasdaq: FOX) reported revenue of $17.1B for fiscal 2026, the year ended Jun 30, 2026, up 5.1% from fiscal 2025. Net income was $1.7B, down 24.7%. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $4.6B, up 22.3% from the same quarter a year earlier, and net income was $957M. Sources: 10-K for fiscal 2026 (filed Aug 6, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 2, 2026).

Revenue$17.1BFY2026 · +5.1% vs FY2025

Net income$1.7BFY2026 · −24.7% vs FY2025

Operating cash flow$2.0BFY2026 · −40.7% vs FY2025

Cash & equivalents$4.5Bat Sep 30, 2026 · +7.9% vs FY2026 end

Total debt$6.6Bat Sep 30, 2026 · +0.0% vs FY2026 end

Diluted shares439MFY2026 avg · −4.8% vs FY2025

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2026, filed Aug 6, 2026

Quarterly revenue: fiscal 2027 vs a year earlierFiscal Q1, $bn (each quarter from that quarter's 10-Q)

FY2026FY2027

Source: 10-Q filed Nov 2, 2026

How it makes money

By segment in FY2026: Television (56%) and Cable Network Programming (43%), as shares of total revenue; the rest of revenue isn't part of this breakdown. Total revenue was $17.1B.

By segment, FY2026

Television$9.7B56%+3.7%

Cable Network Programming$7.3B43%+6.0%

Share is of FY2026 revenue; the items listed don't cover all of it. The last column is the change from FY2025.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q1 FY2027 (Jul to Sep 2026) compared with Q1 FY2026 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q1 FY2027Q1 FY2026

Company

Revenue

$4.6B Q1 FY2027

$3.7B Q1 FY2026

22.3% increase

Net income

$957M Q1 FY2027

$609M Q1 FY2026

57.1% increase

Source: Fox Corporation (Class B) 10-Q for the quarter ended Sep 30, 2026, filed Nov 2, 2026

Cash & equivalents $4.5B at Sep 30, 2026, vs $4.2B at FY2026 end.
Total debt $6.6B at Sep 30, 2026, vs $6.6B at FY2026 end.
Operating cash flow, first 3 months of fiscal 2027: $616M vs −$130M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 5.1% in FY2026 to $17.1B, from $16.3B a year earlier. 10-K, FY2026
Diluted shares fell 4.8% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026
Revenue in the quarter ended Sep 30, 2026 was $4.6B, up 22.3% on a year earlier. 10-Q, quarter ended Sep 30, 2026
Net income in the quarter ended Sep 30, 2026 was $957M, up 57.1% on a year earlier. 10-Q, quarter ended Sep 30, 2026

The bear case

Net income fell 24.7% in FY2026 to $1.7B, from $2.3B. 10-K, FY2026
Operating cash flow fell 40.7% in FY2026 to $2.0B. 10-K, FY2026
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition; advertising and consumer spending; content and rights costs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Fox Corporation (Class B) is in the broadcasting industry, part of the communication services sector. The SEC files it under Television Broadcasting Stations.

Fox Corporation (Class B) reports 2 segments: Television and Cable Network Programming.

Its fiscal year ends in June; the latest, FY2026, ended Jun 30, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the broadcasting industry. They are not a summary of Fox Corporation (Class B)’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

CompetitionRivals and new platforms compete for audiences, advertisers and subscribers.
Advertising and consumer spendingAd budgets and subscriptions follow the economy.
Content and rights costsProgramming, rights and network costs can rise faster than revenue.
RegulationMedia, privacy and competition rules can limit what it can do.
Technology changeShifts in how people watch, listen and connect can make products less relevant.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2024	FY2025	FY2026
Revenue	$14.0B	$16.3B	$17.1B
Net income	$1.6B	$2.3B	$1.7B
Operating cash flow	$1.8B	$3.3B	$2.0B
Cash & equivalents (year end)	$4.3B	$5.4B	$4.2B
Total debt (year end)	$7.2B	$6.6B	$6.6B
Diluted shares	480M	461M	439M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income including the share that belongs to minority owners of subsidiaries.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash, cash equivalents and restricted cash, the only cash total tagged in its filings.
Total debt: Borrowings including the part due within one year, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Fox Corporation (Class B) names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jun 30, 2026.
Net income here includes the share that belongs to minority owners of subsidiaries, the figure the company's tagged data carries for the whole business.
The segment chart covers only part of revenue: the company reports other lines that aren't part of this breakdown.

Recent filings

Form	Filed	Period
10-Q	Nov 2, 2026	Sep 30, 2026
DEF 14A	Sep 17, 2026	Nov 4, 2026
10-K	Aug 6, 2026	Jun 30, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Fox Corporation (Class B)

How does Fox Corporation (Class B) make money?

Fox Corporation (Class B)'s revenue was $17.1B in fiscal 2026. By segment in FY2026: Television (56%) and Cable Network Programming (43%), as shares of total revenue; the rest of revenue isn't part of this breakdown. Total revenue was $17.1B. Source: 10-K for fiscal 2026, filed Aug 6, 2026.

What was Fox Corporation (Class B)'s revenue in fiscal 2026?

$17.1B of revenue for the fiscal year ended Jun 30, 2026, up 5.1% from $16.3B in fiscal 2025. Fiscal 2024 was $14.0B. Source: 10-K for fiscal 2026, filed Aug 6, 2026.

Is Fox Corporation (Class B) profitable?

Fox Corporation (Class B) reported net income of $1.7B for fiscal 2026, down 24.7% from $2.3B in fiscal 2025. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $957M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Aug 6, 2026.

What did Fox Corporation (Class B) report in its latest quarterly filing?

Revenue was $4.6B in the quarter ended Sep 30, 2026, up 22.3% from $3.7B a year earlier. Net income was $957M, up 57.1% from $609M. Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 2, 2026.

How much cash and debt does Fox Corporation (Class B) have?

Fox Corporation (Class B) had $4.5B in cash and cash equivalents and $6.6B of total debt on Sep 30, 2026. Total debt here is borrowings including the part due within one year, at carrying value. Source: 10-Q filed Nov 2, 2026.

What are the main risks Fox Corporation (Class B) faces?

Fox Corporation (Class B)'s own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Aug 6, 2026. Risks that are common among companies in the broadcasting industry include Competition; advertising and consumer spending; content and rights costs; regulation; technology change. The first: Rivals and new platforms compete for audiences, advertisers and subscribers. Source: 10-K, Item 1A Risk Factors.

Where do these Fox Corporation (Class B) numbers come from?

From Fox Corporation (Class B)'s own SEC filings: the 10-K for fiscal 2026 (filed Aug 6, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Nov 2, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Fox Corporation (Class B)

Citadel Advisors: 2,984,485 shares, reported value $155.7M at Jun 30, 2026 (+148.1% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Citadel Advisors: 1,422,514 shares, reported value $66.6M at Jun 30, 2026 (+381.9% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Millennium Management: 506,059 shares, reported value $26.4M at Jun 30, 2026 (+276.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Millennium Management: 394,898 shares, reported value $18.5M at Jun 30, 2026 (−41.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 71,300 shares, reported value $3.3M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 13, 2026.
Two Sigma Investments: 57,601 shares, reported value $3.0M at Jun 30, 2026 (−83.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in FOX: The editor holds no position in Fox Corporation (Class B) (FOX). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell FOX from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 9, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold FOX, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Fox Corporation (Class B)FOX	FY2026	$17.1B	+5.1%	$1.7B
Meta	FY2025	$201.0B	+22.2%	$60.5B
NetflixNFLX	FY2025	$45.2B	+15.9%	$11.0B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.