Fox (FOXA) financial statements
Fox reported revenue of $17.1B in fiscal 2026, up 6.3% a year over 9 years.
Net income was $1.7B and the operating margin 36.6%, against 38.5% in 2017.
Free cash flow was $1.5B, and the company returned $287M in dividends and $2.0B in net buybacks.
The diluted share count fell 29% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fox's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.9B | $10.2B | $11.4B | $12.3B | $12.9B | $14.0B | $14.9B | $14.0B | $16.3B | $17.1B |
| Selling, general and admin | $1.1B | $1.2B | $1.4B | $1.7B | $1.8B | $1.9B | $2.0B | $2.0B | $2.2B | $2.4B |
| Operating income | $3.8B | $3.6B | $4.1B | $4.5B | $4.9B | $4.9B | $5.2B | $4.9B | $5.8B | $6.3B |
| Interest expense | $23M | $43M | $203M | $369M | $395M | $377M | $349M | $405M | $403M | $401M |
| Pre-tax income | $2.2B | $2.2B | $2.2B | $1.5B | $2.9B | $1.7B | $1.7B | $2.1B | $3.1B | $2.3B |
| Income tax | $832M | -$58M | $581M | $402M | $717M | $461M | $483M | $550M | $768M | $551M |
| Net income | $1.4B | $2.2B | $1.6B | $999M | $2.1B | $1.2B | $1.2B | $1.5B | $2.3B | $1.7B |
| EPS (diluted) | $2.21 | $3.52 | $2.57 | $1.62 | $3.61 | $2.11 | $2.33 | $3.13 | $4.91 | $3.84 |
| Diluted shares | 621M | 621M | 621M | 616M | 595M | 570M | 531M | 480M | 461M | 439M |
| Operating margin | 38.5% | 35.9% | 35.7% | 36.5% | 37.7% | 34.8% | 35.0% | 35.0% | 35.5% | 36.6% |
| Net margin | 13.8% | 21.5% | 14.0% | 8.1% | 16.7% | 8.6% | 8.3% | 10.7% | 13.9% | 9.8% |
Balance sheet
Fiscal years, from Fox's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $19M | $2.5B | $3.2B | $4.6B | $5.9B | $5.2B | $4.3B | $4.3B | $5.4B | $4.2B |
| Receivables | — | $1.8B | $2.0B | $1.9B | $2.0B | $2.1B | $2.2B | $2.4B | $2.5B | $3.5B |
| Inventory | — | $1.2B | $1.1B | $856M | $729M | $791M | $543M | $626M | $432M | $487M |
| Total current assets | — | $5.6B | $6.5B | $7.5B | $8.7B | $8.3B | $7.3B | $7.5B | $8.4B | $8.5B |
| Property, plant and equipment | — | $1.2B | $1.3B | $1.5B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.8B |
| Goodwill | — | $2.7B | $2.7B | $3.4B | $3.4B | $3.6B | $3.6B | $3.5B | $3.6B | $3.6B |
| Total assets | — | $13.1B | $19.5B | $21.8B | $22.9B | $22.2B | $21.9B | $22.0B | $23.2B | $22.5B |
| Total current liabilities | — | $1.8B | $1.7B | $1.9B | $3.0B | $2.3B | $3.8B | $3.0B | $2.9B | $2.7B |
| Long-term debt | — | $0 | $6.8B | $7.9B | $7.2B | $7.2B | $6.0B | $6.6B | $6.6B | $6.6B |
| Total liabilities | — | $3.5B | $9.6B | $11.6B | $11.8B | $10.8B | $11.4B | $11.2B | $11.1B | $10.8B |
| Shareholders' equity | $6.1B | $9.6B | $9.9B | $10.1B | $11.1B | $11.3B | $10.4B | $10.7B | $12.0B | $11.6B |
| Net debt | -$19M | -$2.5B | $3.5B | $3.3B | $2.1B | $2.0B | $2.9B | $2.9B | $1.3B | $2.4B |
Cash flow
Fiscal years, from Fox's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $1.3B | $2.5B | $2.4B | $2.6B | $1.9B | $1.8B | $1.8B | $3.3B | $2.0B |
| Capital spending | $191M | $215M | $235M | $359M | $484M | $307M | $357M | $345M | $331M | $502M |
| Free cash flow | $1.5B | $1.1B | $2.3B | $2.0B | $2.2B | $1.6B | $1.4B | $1.5B | $3.0B | $1.5B |
| Stock-based compensation | $0 | $0 | $36M | $137M | $147M | $102M | $74M | $90M | $135M | $132M |
| Dividends paid | $35M | $41M | $188M | $335M | $330M | $307M | $299M | $281M | $277M | $287M |
| Share buybacks (net) | — | $0 | $0 | -$600M | -$1.0B | -$1.0B | -$2.0B | -$1.0B | -$1.0B | -$2.0B |
| Net borrowing | — | — | — | $0 | $0 | -$750M | $0 | -$18M | -$600M | $0 |
| Free cash flow margin | 14.8% | 10.9% | 20.1% | 16.3% | 16.7% | 11.3% | 9.7% | 10.7% | 18.4% | 8.6% |
| Dividends per share | $0.06 | $0.07 | $0.30 | $0.54 | $0.55 | $0.54 | $0.56 | $0.59 | $0.60 | $0.65 |
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Open FOXA in InvestinglyQuestions
What was Fox's revenue in 2026?
$17.1B in fiscal 2026, from its 10-K filing.
How much free cash flow does Fox generate?
$1.5B in fiscal 2026 (operating cash flow minus capital spending).
From Fox's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.