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Fox Corporation (Class A) (FOXA) stock

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NASDAQ: FOXA Nasdaq Broadcasting Next results ~February 3, 2027

A Fundamentals grade

Fox Corporation (Class A) is a US-listed company in the broadcasting industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$120

Cash-flow model

Base case. Range ~$89–$160 across our lower- and higher-growth cases (2.7%–12.7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 92% above it.

Price used: $62.76, November 2, 2026

Fox Corporation (Class A) valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Fox Corporation (Class A) files

10-Q filed November 2: Fox

Model value +23.5%

Fox Corporation's Class A shares generated $18.0bn in revenue over the twelve months to September 2026, up 9.0% on a year earlier and an acceleration from the 5.1% growth recorded a quarter earlier. That pace ranks third of 13 among the broadcasting companies we cover. Free-cash-flow margin, however, fell to 12.3% from 16.2% a year earlier. Meanwhile, the diluted share count dropped 5.8% on a year earlier, boosting the value attributable to each remaining share. The fundamentals grade has climbed from C+ to A, and our model value has risen from $97.16 to $120 a share, well above the current price of $63.20. The rating stays Buy. At that price, the market appears to be pricing in cash flow shrinking by about 4.7% a year for five years, slower than the 5.1% annual revenue growth the company has actually delivered.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Fox stands after its latest 10-K

Revenue for the twelve months to June 2026 was $17.1bn, up 5.1% on a year earlier, faster than 0.6% a quarter earlier. Free-cash-flow margin fell to 8.6% from 18.4% a year earlier. The diluted share count is down 4.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 5 financial-health checks. Our cash-flow model value is $87.01 a share, against a share price of $66.69. At that price, our model says the market is pricing in about 0.7% a year of cash-flow growth for five years, slower than the 5.8% a year revenue growth it has delivered.

10-K on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 3, 2027 (estimated)

Fox Corporation (Class A)'s trailing-twelve-month revenue grew 9.0% year on year, with a free-cash-flow margin of 12.3%. Where it stands out: net margin of 11.3% ranks 1 of 13 broadcasting companies we cover.

Our discounted-cash-flow model values the business at ~$120 per share in the base case (~$89–$160 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 17.3% while net income fell 0.3%: a 17pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $62.76 is 92% below our value per share of $120.
  • Growth speeding up. The growth rate is 3.9 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 5.8% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Heavily shorted. 28.6% of the shares available to trade are sold short (11.2 days of average volume to cover).
  • Earnings expected to fall. The consensus expects earnings per share to fall 3% next year.

Latest results: FY2027 Q1

Filed November 2, 2026
Earnings per share
$2.54 against an average estimate of $2.02: beat by 25.6%
Revenue
$4.57bn, up 22.3% on a year earlier
Next report
November 2, 2026; average EPS estimate $0.75

Fox Corporation (Class A)'s figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.8%
  • 1 week-3.9%
  • 1 month+0.8%
  • This year-13.3%
  • 1 year-2.0%
  • 5 years+60.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$18B
Net margin
11.3%
EPS (TTM, diluted)
$4.69

Growth

Revenue growth
+9.0%
Change in growth rate
+3.9 pts
Share count change
−5.8%

Cash

Free cash flow (TTM)
$2.2B
FCF margin
12.3%
Stock pay % of revenue
0.8%

Earnings

Last results
November 2, 2026
Next results (est.)
February 3, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership

    Fox names Trutanich as General Counsel

    Fox Corporation (Class A) said Adam Ciongoli will step down as Chief Legal and Policy Officer effective December 1. Nicholas Trutanich, currently Executive Vice President, will become General Counsel on the same date. Ciongoli will remain as a special advisor through June 2028.

    SEC 8-KRead source ↗
  3. Shareholder vote

    Fox shareholders approve Roku merger stock issuance

    Fox Corporation (Class A) said holders of its Class B common stock approved the issuance of Class A shares for the Roku acquisition on October 14, 2026. The proposal passed with 99.9% of votes cast, with 197,363,560 shares in favour. The company had previously signed a merger agreement with Roku in June 2026.

    SEC 8-KRead source ↗
  4. Announcement

    Fox amends Roku merger proxy after shareholder suit

    Fox Corporation (Class A) said it voluntarily amended its joint proxy statement for the Roku merger. The update follows a Delaware lawsuit alleging omissions in the original filing. The company denies the claims but made the change to avoid delaying the October 14 vote.

    SEC 8-KRead source ↗
  5. Insider trade
  6. Insider trade
  7. Announcement
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Fox Corporation (Class A) valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 4.3% a year for five years.That is slower than the 5.1% a year revenue growth Fox Corporation (Class A) has delivered.

  • Priced in-4.3%
  • Last 12 months9.0%
  • 3 years a year6.4%
  • 5 years a year5.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($64.71, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$120
Price used
$64.71close November 3, 2026
Implied change
▲ +86%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Fox Corporation (Class A)'s free cash flow after stock-based pay with after-tax interest added back ($2.6B, FY2027 Q1 TTM), growing 2% and 4.5% in the next two years (forecasts, guidance and its record), then back to 7.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$89–~$160 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Fox Corporation (Class A)'s free cash flow after stock-based pay ( $2.6B, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Fox Corporation (Class A) as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$120 ~$89–$160 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$59 ~$40–$87 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$60 ~$51–$74 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$90 ~$59–$120 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Fox Corporation (Class A) with Broadcasting in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▼ −22%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $83$114$156$212$284$377
8.5% $62$85$115$155$206$272
10% $49$67$91$121$160$210

Valuation multiples over time Market data may be delayed

At fiscal year end 20192020202120222023202420252026Now
Share price$33.26$24.69$34.66$30.39$32.59$33.51$55.27$51.93$62.76
Market value$20.7bn$15.2bn$20.6bn$17.3bn$17.3bn$16.1bn$25.5bn$22.8bn$27.1bn
+ Net debt (− = net cash)$3.6bn$3.4bn$2.1bn$2.0bn$3.0bn$2.9bn$1.3bn$2.4bn$2.1bn
Enterprise value$24.2bn$18.6bn$22.7bn$19.4bn$20.3bn$19.0bn$26.8bn$25.2bn$29.2bn
Multiples
Price / sales 1.8x1.2x1.6x1.2x1.2x1.2x1.6x1.3x1.5x
Price / earnings 12.9x15.2x9.6x14.4x14.0x10.7x11.3x13.5x13.4x
Price / free cash flow 9.0x7.6x9.6x11.0x12.0x10.8x8.5x15.5x12.3x
EV / EBITDA —————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

68 /100

Moderate moat

How hard Fox Corporation (Class A)'s competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 7.4% of total assets over 8 years.

  • Durability 11 / 20

    Net margin has been a median 12.9%; its worst year was 7.0%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 8 of 8 years, at a median 13.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 26.5% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (73 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $6.01 +11% $17.9bn +4%
Next $5.86 −3% $17.6bn −1%

Next year's EPS estimate has moved +1.9% in 90 days, across 17 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.7% on 90 days ago. In the last 30 days, 4 analysts raised Fox Corporation (Class A)'s forecast and 2 cut it.

Consensus EPS forecast Fox Corporation (Class A), last 90 days
$5.70 $5.80 $5.90 $6.00 $6.10 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.80 Current fiscal year, 60 days ago: $5.91 Current fiscal year, 30 days ago: $5.93 Current fiscal year, 7 days ago: $5.96 Current fiscal year, Now: $6.01 $6.01 Next fiscal year, 90 days ago: $5.75 Next fiscal year, 60 days ago: $5.82 Next fiscal year, 30 days ago: $5.85 Next fiscal year, 7 days ago: $5.86 Next fiscal year, Now: $5.86 $5.86

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.80$5.75
60 days ago $5.91$5.82
30 days ago $5.93$5.85
7 days ago $5.96$5.86
Now $6.01$5.86

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.02 $2.54 +25.6%
Jun 2026 $1.38 $1.79 +29.3%
Mar 2026 $0.97 $1.32 +36.4%
Dec 2025 $0.52 $0.82 +58.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Fox Corporation (Class A)'s latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Fox Corporation (Class A)'s revenue by +2.0% next year and +4.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-0.8%, weight 67%) and the company's own record (+7.7%, weight 33%) . How the weights are set.

Analyst recommendations

19 analysts, Nov 2026
Buy1263%
Hold737%
Sell00%

Monthly trend

  1. Nov 2026210719
  2. Oct 2026210719
  3. Sep 202629719
  4. Aug 20269718

Counts of recommendations published by analysts covering Fox Corporation (Class A), by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
28.6%
of tradable shares
Days to cover
11.2
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.4%
of shares
Employees
10,550
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −2.0%

$64.05 on October 31, 2025 to $62.76

ThenNowEffect
Revenue (last 12 months) $16.3bn $17.1bn +5.1%
Net margin 13.9% 9.8% −29.1%
P/E multiple 13.0x 16.4x +25.3%
Share count 461m 439m +5.0%

Biggest factor: net margin.

Last 3 years +104.1%

$30.75 on November 3, 2023 to $62.76

ThenNowEffect
Revenue (last 12 months) $14.9bn $17.1bn +14.8%
Net margin 8.3% 9.8% +18.4%
P/E multiple 13.2x 16.4x +24.1%
Share count 531m 439m +21.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FOXA+28%−17%−1%+66%+52%−13%
Industry peers (median)+27%−39%−9%−46%+2%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FOXA58%42%33%67%75%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FOXA−22%−35%−20%−12%−18%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since March 12, 2019: 51% from March 15, 2019 to March 23, 2020. Getting back needed a 102% gain, reached on March 5, 2021, 347 days after the low.

Price behaviour

52-week range
$48.58 – $75.41
From 52-week high
−16.8%
vs 50-day average
−3.3%
vs 200-day average
+1.4%
Volatility (1 year)
35%
Beta vs S&P 500
0.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 3 down
typical move ±6.4%
After a week
8 up, 3 down
typical move ±6.9%
After a month
9 up, 2 down
typical move ±9.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +9.1% +0.5% +11.5% +12.0%
May 11, 2026 +5.1% +0.1% +4.7% +8.0%
February 4, 2026 −6.2% −1.7% −13.0% −14.5%
October 30, 2025 +6.3% −0.8% +8.1% +9.2%
August 5, 2025 −4.9% +0.3% −1.5% +7.2%
May 12, 2025 +10.0% +4.0% +11.1% +8.8%
February 4, 2025 +5.0% +1.1% +2.8% +7.1%
November 4, 2024 +4.1% +1.0% +9.3% +10.6%
August 6, 2024 +7.9% +0.2% +7.2% +11.9%
May 8, 2024 +3.1% +0.6% +2.0% +5.5%
February 7, 2024 −9.0% +0.9% −4.3% −7.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Fox Corporation (Class A)’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Fox Corporation (Class A) in five measures

Fundamentals grade A
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Fox Corporation (Class A)
$12B $14B $16B $18B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $14.6B Revenue (TTM), FY24 Q3: $13.9B Revenue (TTM), FY24 Q4: $14B Revenue (TTM), FY25 Q1: $14.3B Revenue (TTM), FY25 Q2: $15.2B Revenue (TTM), FY25 Q3: $16.1B Revenue (TTM), FY25 Q4: $16.3B Revenue (TTM), FY26 Q1: $16.5B Revenue (TTM), FY26 Q2: $16.6B Revenue (TTM), FY26 Q3: $16.2B Revenue (TTM), FY26 Q4: $17.1B Revenue (TTM), FY27 Q1: $18B $18B

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $14.6B
FY24 Q3 $13.9B
FY24 Q4 $14B
FY25 Q1 $14.3B
FY25 Q2 $15.2B
FY25 Q3 $16.1B
FY25 Q4 $16.3B
FY26 Q1 $16.5B
FY26 Q2 $16.6B
FY26 Q3 $16.2B
FY26 Q4 $17.1B
FY27 Q1 $18B
Revenue growth, TTM YoY Fox Corporation (Class A)
-10% 0% 10% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 1.9% Revenue growth, TTM YoY, FY24 Q3: -6.7% Revenue growth, TTM YoY, FY24 Q4: -6.3% Revenue growth, TTM YoY, FY25 Q1: -4.0% Revenue growth, TTM YoY, FY25 Q2: 4.3% Revenue growth, TTM YoY, FY25 Q3: 15.7% Revenue growth, TTM YoY, FY25 Q4: 16.6% Revenue growth, TTM YoY, FY26 Q1: 14.9% Revenue growth, TTM YoY, FY26 Q2: 9.2% Revenue growth, TTM YoY, FY26 Q3: 0.6% Revenue growth, TTM YoY, FY26 Q4: 5.1% Revenue growth, TTM YoY, FY27 Q1: 9.0% 9.0%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 1.9%
FY24 Q3 -6.7%
FY24 Q4 -6.3%
FY25 Q1 -4.0%
FY25 Q2 4.3%
FY25 Q3 15.7%
FY25 Q4 16.6%
FY26 Q1 14.9%
FY26 Q2 9.2%
FY26 Q3 0.6%
FY26 Q4 5.1%
FY27 Q1 9.0%
FCF margin (TTM) Fox Corporation (Class A)
5% 10% 15% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 8.1% FCF margin (TTM), FY24 Q3: 7.8% FCF margin (TTM), FY24 Q4: 10.7% FCF margin (TTM), FY25 Q1: 11.6% FCF margin (TTM), FY25 Q2: 12.1% FCF margin (TTM), FY25 Q3: 14.8% FCF margin (TTM), FY25 Q4: 18.4% FCF margin (TTM), FY26 Q1: 16.2% FCF margin (TTM), FY26 Q2: 13.9% FCF margin (TTM), FY26 Q3: 13.2% FCF margin (TTM), FY26 Q4: 8.6% FCF margin (TTM), FY27 Q1: 12.3% 12.3%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 8.1%
FY24 Q3 7.8%
FY24 Q4 10.7%
FY25 Q1 11.6%
FY25 Q2 12.1%
FY25 Q3 14.8%
FY25 Q4 18.4%
FY26 Q1 16.2%
FY26 Q2 13.9%
FY26 Q3 13.2%
FY26 Q4 8.6%
FY27 Q1 12.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026 LTM Sept 2026
Income
Revenue 9.9 10.2 11.4 12.3 12.9 14.0 14.9 14.0 16.3 17.1 18.0
Net income 1.4 2.2 1.6 1.0 2.2 1.2 1.2 1.5 2.3 1.7 2.0
Diluted EPS $2.21 $3.52 $2.57 $1.62 $3.61 $2.11 $2.33 $3.13 $4.91 $3.84 $4.69
Growth (year on year)
Revenue — +2.3% +12.2% +8.0% +4.9% +8.3% +6.7% −6.3% +16.6% +5.1% +9.0%
Net income — +59.4% −27.1% −37.4% +115.2% −44.0% +2.8% +21.1% +50.8% −25.5% −0.3%
Diluted EPS — +59.3% −27.0% −37.0% +122.8% −41.6% +10.4% +34.3% +56.9% −21.8% +5.8%
Margins
Net margin 13.8% 21.5% 14.0% 8.1% 16.7% 8.6% 8.3% 10.7% 13.9% 9.8% 11.3%
Free-cash-flow margin 14.8% 10.9% 20.1% 16.3% 16.7% 11.3% 9.7% 10.7% 18.4% 8.6% 12.3%
Cash flow
Cash from operations 1.7 1.3 2.5 2.4 2.6 1.9 1.8 1.8 3.3 2.0 2.7
Capital spending 0.2 0.2 0.2 0.4 0.5 0.3 0.4 0.3 0.3 0.5 0.5
Free cash flow 1.5 1.1 2.3 2.0 2.2 1.6 1.4 1.5 3.0 1.5 2.2
Stock-based pay 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 1.5 1.1 2.3 1.9 2.0 1.5 1.4 1.4 2.9 1.3 2.1
Balance sheet
Cash 0.0 2.5 3.2 4.6 5.9 5.2 4.3 4.3 5.4 4.2 4.5
Total debt 0.0 0.0 6.8 8.0 8.0 7.3 7.3 7.3 6.7 6.7 6.6
Net debt (negative = net cash) −0.0 −2.5 3.6 3.4 2.1 2.1 3.0 2.9 1.3 2.4 2.1
Diluted shares 621m 621m 621m 616m 595m 570m 531m 480m 461m 439m 432m
Returned to shareholders
Dividends 0.0 0.0 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Buybacks — 0.0 0.0 0.6 1.0 1.0 2.0 1.0 1.0 2.0 1.8
Total returned 0.0 0.0 0.2 0.9 1.3 1.3 2.3 1.3 1.3 2.3 2.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · September 30, 2026
What it owns · $23.1bn
Short-term assets $9.2bnLonger-term assets $13.9bn
What it owes, and who funded it · $14.9bn
Short-term liabilities $2.4bnShareholders' equity $12.5bn
  • Short-term assets cover short-term liabilities $9.2bn of assets due within a year against $2.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $4.5bn of cash against $6.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 53% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 64% to 53% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.7bn of operating cash flow against $6.6bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Fox Corporation (Class A)'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$1.8B
Dividends (TTM)
$280M
Returned to shareholders
92%
of free cash flow
Buybacks, last 3 fiscal years
$4B
Diluted share count
−5.8%
year over year
Total shareholder yield
7.6%
dividends 1.0% + buybacks 6.5% of market value
Dividend payout ratio
14%
of net income paid out
Sales & admin spending
13.1%
of revenue
Days sales outstanding
74 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in broadcasting
Last 12 months unless stated FOXA SIRI NXST IHRT SBGI GTN Median
Revenue, last 12 months $18.0bn $8.6bn $5.9bn $4.0bn $3.3bn $3.1bn $2.2bn
Revenue growth, last 12 months 9.0% 0.5% 10.5% 3.1% −6.5% −11.3% −4.9%
Revenue growth, 3-year average 6.4% −1.3% 3.8% 1.2% −0.9% −4.3% −2.9%
Revenue growth, latest quarter 22.3% −0.3% 62.2% 4.7% 7.1% 8.7% −0.1%
Operating margin — 19.0% 17.8% 0.2% 6.6% 13.8% 1.4%
Operating margin, 3-year average — 7.2% 19.0% −5.4% 4.3% 16.4% 0.4%
Net margin 11.3% 10.5% 3.2% −7.2% 1.6% −0.8% −0.9%
Cash from operations / revenue 15.1% 24.8% 15.2% 3.0% 5.3% 7.9% 6.6%
Free-cash-flow margin 12.3% 18.4% 12.6% 0.9% 2.9% 4.6% 3.4%
Free-cash-flow margin, 3-year average 13.3% 14.3% 16.2% 1.1% 2.2% 9.0% 5.7%
Stock pay / revenue 0.8% 2.1% 1.7% 0.9% 1.6% 0.7% 1.0%
Change in share count −5.8% 5.2% −1.5% 2.1% 4.2% 1.6% 2.1%

Median of all 13 companies we cover in broadcasting. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

13 broadcasting companies
Measure Company Peer median Rank
Revenue growth Growth 9.0% -4.9% 3 of 13
Change in growth rate Growth +3.9pp +1.0pp 3 of 13
Net margin Profitability 11.3% -0.9% 1 of 13
Free-cash-flow margin Cash generation 12.3% 3.4% 3 of 13
Stock pay as % of revenue Cash generation 0.8% 1.1% 4 of 11
Long-term debt as % of assets Balance sheet 28.6% 55.6% 2 of 13
Change in share count Balance sheet -5.8% 2.1% 1 of 11
Days sales outstanding Balance sheet 74 days 73 days 8 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Television $9.7B 56.8% ▲ 3.7%
Cable Network Programming $7.3B 43.2% ▲ 6.0%

From Fox Corporation (Class A)'s 10-K filed August 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$13.5B
Institutions reporting
739
Shares held vs prior quarter
▲ 8.6%
Positions opened / closed
107 / 103

Top buyers and sellers, Q2 2026: 361 institutions bought and 376 sold ; the biggest buyer was Jericho Capital Asset Management L.P (+7.6M shares) and the biggest seller State Street Corp (−2.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1B 19.5M 7.6% ▼ 1.8%
State Street Corp $911M 17.5M 6.8% ▼ 11.2%
Jericho Capital Asset Management L.P. $748M 14.3M 5.5% ▲ 114.4%
Goldman Sachs Group Inc $659M 12.6M 4.9% ▼ 4.6%
Vanguard Capital Management LLC $645M 12.4M 4.8% ▼ 0.9%
Dodge & Cox $585M 11.2M 4.3% ▲ 3.0%
Vanguard Portfolio Management LLC $465M 8.9M 3.4% ▼ 1.2%
Independent Franchise Partners LLP $438M 8.4M 3.2% ▲ 2.7%
FMR LLC $409M 7.8M 3.0% ▲ 121.0%
LSV Asset Management $350M 6.7M 2.6% ▲ 4.4%
Geode Capital Management, LLC $339M 6.5M 2.5% ▼ 2.7%
Assetmark, Inc $234M 4.5M 1.7% ▼ 9.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Fox Corporation (Class A)'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $20.9M 2 trades by 1 insider, last 12 months Insider sales History → $131M 19 trades by 5 insiders · 70% under pre-set plans
Net ▼ $110M net selling
Insider Date Trade Shares Price Value
Murdoch Lachlan K Executive Chair, CEO September 15, 2026 Buy 149,934 $68.53 $10.3M
Murdoch Lachlan K Executive Chair, CEO September 15, 2026 Sell 149,934 $68.53 $10.3M
Murdoch Lachlan K Executive Chair, CEO March 13, 2026 Buy pre-set plan 175,372 $60.63 $10.6M
Murdoch Lachlan K Executive Chair, CEO March 13, 2026 Sell pre-set plan 175,372 $60.63 $10.6M
Murdoch Lachlan K Executive Chair, CEO March 13, 2026 Sell pre-set plan 900 $60.44 $54,396
Murdoch Lachlan K Executive Chair, CEO March 13, 2026 Sell pre-set plan 5,100 $59.68 $304,368
Murdoch Lachlan K Executive Chair, CEO March 13, 2026 Sell pre-set plan 9,438 $58.45 $551,651
Murdoch Lachlan K Executive Chair, CEO March 13, 2026 Sell pre-set plan 295,677 $57.51 $17M
Murdoch Lachlan K Executive Chair, CEO March 13, 2026 Sell pre-set plan 151,265 $56.65 $8.6M
Nallen John President, COO March 12, 2026 Sell pre-set plan 4,553 $58.08 $264,438
Nallen John President, COO March 12, 2026 Sell pre-set plan 212,253 $57.67 $12.2M
Murdoch Lachlan K Executive Chair, CEO March 12, 2026 Sell pre-set plan 7,900 $58.06 $458,674

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 23 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of Fox Corporation (Class A) shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded June 16, 2026, filed July 2, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 13, 2026, filed April 7, 2026
  • John James(R-MI 10):Sale (full), $1,001 - $15,000, traded December 22, 2023, filed September 2, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 3, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 6, 2026
  • May 11, 2026
  • February 4, 2026
  • October 30, 2025
  • August 5, 2025

Recent SEC filings

Data status

When each part of this page on Fox Corporation (Class A) was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Fox Corporation (Class A) in brief

What does Fox Corporation (Class A) do?
Fox Corporation (Class A) is a US-listed company in the broadcasting industry. Its financial year ends in June.
What is Fox Corporation (Class A)'s stock ticker?
Fox Corporation (Class A) trades under the ticker FOXA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Fox Corporation (Class A)'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Fox Corporation (Class A) reported revenue of $18B, 9.0% higher than a year earlier, according to its SEC filings.
What is Fox Corporation (Class A)'s free cash flow?
Fox Corporation (Class A)'s free-cash-flow margin is 12.3% of revenue over the trailing twelve months, ranking 3 of the 13 broadcasting companies we cover.
What is Fox Corporation (Class A)'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Fox Corporation (Class A)'s free cash flow after stock-based pay gives ~$120 per share in the base case, and ~$89–$160 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Fox Corporation (Class A)'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Jericho Capital Asset Management L.P. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Fox Corporation (Class A) buying back stock, and does it pay a dividend?
Fox Corporation (Class A) spent $1.8B on share repurchases over the trailing twelve months, and its diluted share count fell 5.8% over the year.
What is Fox Corporation (Class A)'s market cap?
On November 2, 2026, Fox Corporation (Class A)'s market capitalisation was about $27.1B, with a price-to-earnings ratio of 13.4 and net debt of $2.1B. Market figures come from third-party market data and may be delayed.
Does Fox Corporation (Class A) pay a dividend?
Yes: Fox Corporation (Class A) paid $280M in dividends over the trailing twelve months, a dividend yield of 1.04% and a payout ratio of 13.8%.
How much debt does Fox Corporation (Class A) have?
Fox Corporation (Class A)'s debt-to-equity ratio is 53.0%, from its latest balance sheet (64.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Fox Corporation (Class A)'s competitors?
In our Broadcasting peer group, the companies closest to Fox Corporation (Class A) are Sirius XM Holdings Inc., Nexstar Media Group, Inc., Iheartmedia, Inc., Sinclair, Inc. and Gray Media, Inc. The side-by-side comparison below sets their revenue, margins and growth against Fox Corporation (Class A)'s.
Are insiders buying or selling Fox Corporation (Class A) stock?
Over the last 12 months, Fox Corporation (Class A)'s directors and officers reported 2 open-market purchases and 19 sales on Form 4. The insider trading page charts every trade.
When is Fox Corporation (Class A)'s next earnings date?
Around February 3, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Fox Corporation (Class A) announces its own schedule.