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FOXA · Q4 FY2026
Archived report (Q4 FY2026). Latest deep dive →
The quarter in brief
Revenue grew 28.1% y/y to $4.21B, operating margin 23.0% vs 21.9%, net income $691M (−3.6% y/y).
Net income attributable to Fox Corporation stockholders
$691M
down 3.6% y/y
Revenues
$4,212M
up 28.1% y/y
Operating income (calculated)
$969M
up 34.8% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenues | $4,212 · +28.1% |
| Operating expenses | $2,380 · +35.3% |
| Selling, general and administrative | $637 · +8.0% |
| Depreciation and amortization | $111 · +8.8% |
| Restructuring, impairment and other corporate matters | $113 · +14.1% |
| Equity losses of affiliates | $2 · −88.9% |
| Operating income (calculated) | $969 · +34.8% · 23.0% margin |
| Interest expense, net | $60 · +42.9% |
| Non-operating other, net | $12 · −95.7% |
| Income before income tax expense | $921 · −4.0% |
| Income tax expense | $225 · −6.3% · 24.4% effective rate |
| Less: Net income attributable to noncontrolling interests | $5 · +150% |
| Net income attributable to Fox Corporation stockholders | $691 · −3.6% · 16.4% margin |
Verdict: revenue grew 28.1% y/y to $4.21B, operating margin 23.0% vs 21.9%, net income $691M (−3.6% y/y).
Source and notation
Source: Fox press release, 8-K EX-99.1 of 08/06/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL. Operating income is calculated (revenue less costs and operating expenses): the release does not report it.
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<figure> <a href="https://whoreportstoday.com/t/foxa/q4-fy2026"><img src="https://whoreportstoday.com/t/foxa/q4-fy2026/sankey.png" alt="FOXA Q4 FY2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/foxa/q4-fy2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/foxa/q4-fy2026">FOXA Q4 FY2026 earnings chart (Who Reports Today)</a>
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- Operating income was $969M, a 23.0% margin vs 21.9% a year earlier.
- The effective tax rate was 24.4% vs 25.0% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Tickers: FOXA (Class A), FOX (Class B)
FOXA — a news, sports and entertainment media company operating mainly in the U.S. It reports two segments: Cable Network Programming, which licenses FOX News, FOX Business and FS1 sports channels to pay-TV and streaming distributors, and Television, which runs the FOX broadcast network, 29 owned TV stations and the free ad-supported streaming service Tubi. · Source: annual report (Form 10-K, SEC)
Heads-up
- profit is growing slower than revenue: −4% vs +28% y/y in Q4 FY2026
Net income −4% y/y against revenue +28% y/y. In the report's figures: costs grew faster than revenue: operating expenses +35% y/y, interest expense, net +43% y/y, less: net income attributable to noncontrolling interests +150% y/y. Based on the Q4 FY2026 report.
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