$FOXA

Fox Corp

CIK:0001754301|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions

12 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2024

Income Statement [Abstract]

Revenues

$ 17,126

$ 16,300

$ 13,980

Operating expenses

(10,853)

(10,518)

(9,089)

Selling, general and administrative

(2,367)

(2,168)

(2,024)

Depreciation and amortization

(410)

(385)

(389)

Restructuring, impairment and other corporate matters

(151)

(350)

(67)

Equity losses of affiliates

(20)

(29)

(44)

Interest expense, net

(274)

(227)

(216)

Non-operating other, net

(773)

438

(47)

Income before income tax expense

2,278

3,061

2,104

Income tax expense

(551)

(768)

(550)

Net income

1,727

2,293

1,554

Less: Net income attributable to noncontrolling interests

^[1]

(42)

(30)

(53)

Net income attributable to Fox Corporation stockholders

$ 1,685

$ 2,263

$ 1,501

Net income attributable to Fox Corporation stockholders per share:

Basic (in dollars per share)

$ 3.91

$ 4.97

$ 3.14

Diluted (in dollars per share)

$ 3.84

$ 4.91

$ 3.13

[1]	Net income attributable to noncontrolling interests includes $5 million, $(1) million and $(1) million for the fiscal years ended June 30, 2026, 2025 and 2024, respectively, relating to redeemable noncontrolling interests.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
OPERATING ACTIVITIES
Net income	$ 1,727	$ 2,293	$ 1,554
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	410	385	389
Restructuring, impairment and other corporate matters	151	267	67
Equity-based compensation	132	135	90
Equity losses of affiliates	20	29	44
Cash distributions received from affiliates	32	13	0
Non-operating other, net	773	(438)	47
Deferred income taxes	271	164	203
Change in operating assets and liabilities, net of acquisitions and dispositions
Receivables and other assets	(1,055)	(85)	(156)
Inventories net of programming payable	(493)	521	(303)
Accounts payable and accrued expenses	66	89	(1)
Other changes, net	(64)	(49)	(94)
Net cash provided by operating activities	1,970	3,324	1,840
INVESTING ACTIVITIES
Property and equipment	(502)	(331)	(345)
Purchase of investments	(178)	(79)	(103)
Acquisitions, net of cash acquired	(8)	(97)	0
Other investing activities, net	(17)	(30)	(4)
Net cash used in investing activities	(705)	(537)	(452)
FINANCING ACTIVITIES
Repurchase of shares	(2,000)	(1,000)	(1,000)
Dividends paid and distributions	(287)	(277)	(281)
Purchase of noncontrolling interest	(208)	0	0
Repayment of borrowings	0	(600)	(1,250)
Borrowings	0	0	1,232
Other financing activities, net	84	122	(42)
Net cash used in financing activities	(2,411)	(1,755)	(1,341)
Net (decrease) increase in cash and cash equivalents	(1,146)	1,032	47
Cash and cash equivalents, beginning of year	5,351	4,319	4,272
Cash and cash equivalents, end of year	$ 4,205	$ 5,351	$ 4,319

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Jun. 30, 2026

Jun. 30, 2025

Current assets

Cash and cash equivalents

$ 4,205

$ 5,351

Receivables, net

3,455

2,472

Inventories, net

487

432

Other

306

174

Total current assets

8,453

8,429

Non-current assets

Property and equipment, net

1,842

1,705

Intangible assets, net

2,870

2,969

Goodwill

3,647

3,639

Deferred tax assets

2,443

2,721

Other non-current assets

3,227

3,732

Total assets

22,482

23,195

Current liabilities

Accounts payable, accrued expenses and other current liabilities

2,667

2,897

Total current liabilities

2,667

2,897

Non-current liabilities

Borrowings

6,606

6,602

Other liabilities

1,395

1,341

Redeemable noncontrolling interests

288

Commitments and contingencies

Equity

Additional paid-in capital

7,274

7,603

Retained earnings

4,457

4,479

Accumulated other comprehensive loss

(107)

(124)

Total Fox Corporation stockholders’ equity

11,628

11,962

Noncontrolling interests

100

105

Total equity

11,728

12,067

Total liabilities and equity

22,482

23,195

Equity

^[1]

Equity

^[2]

$ 2

[1]	Class A Common Stock, $0.01 par value per share, 2,000,000,000 shares authorized, 199,338,182 shares and 210,754,900 shares issued and outstanding at par as of June 30, 2026 and 2025, respectively.
[2]	Class B Common Stock, $0.01 par value per share, 1,000,000,000 shares authorized, 220,248,764 shares and 235,581,025 shares issued and outstanding at par as of June 30, 2026 and 2025, respectively.