News Corp A (NWSA) financial statements
News Corp A reported revenue of $9.0B in fiscal 2026, up 1.2% a year over 9 years.
Net income was $573M and the operating margin 56.9%, against 44.4% in 2017.
Free cash flow was $811M, and the company returned $204M in dividends and $641M in net buybacks.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from News Corp A's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.1B | $9.0B | $10.1B | $9.0B | $9.4B | $10.4B | $8.0B | $8.3B | $8.5B | $9.0B |
| Selling, general and admin | $2.7B | $3.0B | $3.2B | $3.0B | $3.3B | $3.6B | $3.0B | $3.2B | $3.3B | $3.5B |
| Operating income | $3.6B | $4.1B | $4.4B | $4.0B | $4.5B | $5.3B | $4.1B | $4.4B | $4.7B | $5.1B |
| Pre-tax income | -$615M | -$1.1B | $354M | -$1.5B | $450M | $812M | $380M | $585M | $923M | $1.0B |
| Income tax | $28M | $355M | $126M | $21M | $61M | $52M | $152M | $206M | $275M | $303M |
| Net income | -$738M | -$1.5B | $155M | -$1.3B | $330M | $623M | $149M | $266M | $1.2B | $573M |
| EPS (diluted) | -$1.27 | -$2.60 | $0.26 | -$2.16 | $0.56 | $1.05 | $0.26 | $0.46 | $2.07 | $1.03 |
| Diluted shares | 581M | 583M | 588M | 588M | 593M | 592M | 579M | 574M | 570M | 558M |
| Operating margin | 44.4% | 45.7% | 44.0% | 44.5% | 48.4% | 50.7% | 51.2% | 53.8% | 55.8% | 56.9% |
| Net margin | -9.1% | -16.8% | 1.5% | -14.1% | 3.5% | 6.0% | 1.9% | 3.2% | 14.0% | 6.3% |
Balance sheet
Fiscal years, from News Corp A's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.0B | $2.0B | $1.6B | $1.5B | $2.2B | $1.8B | $1.8B | $2.0B | $2.4B | $2.1B |
| Receivables | $1.3B | $1.6B | $1.5B | $1.2B | $1.5B | $1.5B | $1.4B | $1.4B | $1.6B | $1.8B |
| Inventory | $208M | $376M | $348M | $348M | $253M | $311M | $311M | $266M | $327M | $302M |
| Total current assets | $3.8B | $4.4B | $4.0B | $3.5B | $4.5B | $4.1B | $4.1B | $4.4B | $4.8B | $4.5B |
| Property, plant and equipment | $1.6B | $2.6B | $2.6B | $2.3B | $2.3B | $2.1B | $2.0B | $1.3B | $1.3B | $1.4B |
| Goodwill | $3.8B | $5.2B | $5.1B | $4.0B | $4.7B | $5.2B | $4.3B | $4.3B | $4.4B | $4.5B |
| Total assets | $14.6B | $16.3B | $15.7B | $14.3B | $16.8B | $17.2B | $16.9B | $16.7B | $15.5B | $15.5B |
| Total current liabilities | $2.5B | $3.3B | $3.3B | $2.7B | $3.2B | $3.5B | $3.2B | $3.1B | $2.6B | $2.8B |
| Long-term debt | $276M | $1.5B | $1.0B | $1.2B | $2.3B | $2.8B | $2.9B | $2.1B | $1.9B | $2.0B |
| Total liabilities | $3.5B | $5.9B | $5.4B | $5.9B | $7.6B | $8.1B | $8.0B | $7.7B | $6.1B | $6.3B |
| Shareholders' equity | $10.8B | $9.3B | $9.1B | $7.6B | $8.2B | $8.2B | $8.1B | $8.1B | $8.8B | $8.5B |
| Net debt | -$1.6B | -$82M | -$190M | -$258M | $77M | $1.2B | $1.1B | $142M | -$441M | -$106M |
Cash flow
Fiscal years, from News Corp A's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $494M | $757M | $928M | $780M | $1.2B | $1.4B | $1.1B | $1.1B | $978M | $1.2B |
| Capital spending | $256M | $364M | $572M | $438M | $390M | $499M | $347M | $357M | $407M | $426M |
| Free cash flow | $238M | $393M | $356M | $342M | $847M | $855M | $745M | $741M | $571M | $811M |
| Stock-based compensation | $38M | $76M | $73M | $69M | $128M | $59M | $87M | $91M | $84M | $77M |
| Dividends paid | $152M | $158M | $161M | $158M | $163M | $175M | $174M | $172M | $185M | $204M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$179M | -$243M | -$117M | -$150M | -$641M |
| Net borrowing | $0 | $95M | $681M | $926M | $1.5B | $1.7B | $0 | $278M | $61M | $125M |
| Free cash flow margin | 2.9% | 4.4% | 3.5% | 3.8% | 9.1% | 8.2% | 9.3% | 9.0% | 6.8% | 9.0% |
| Dividends per share | $0.26 | $0.27 | $0.27 | $0.27 | $0.27 | $0.30 | $0.30 | $0.30 | $0.32 | $0.37 |
Questions
What was News Corp A's revenue in 2026?
$9.0B in fiscal 2026, from its 10-K filing.
How much free cash flow does News Corp A generate?
$811M in fiscal 2026 (operating cash flow minus capital spending).
From News Corp A's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.