Fox (FOX) FY2025 results: revenue $16.3 billion, up 16.6% on the year
Fox Corp. (FOX) reported revenue of $16.3 billion for fiscal 2025, the year ended 30 June 2025, up 16.6% on the year before. Net income was $2.3 billion, up 50.8%, and diluted earnings per share $4.91. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2025.
Revenue
$16.3 billion
+16.6% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
$2.3 billion
+50.8% on the year
FY2018FY2025
Diluted EPS
$4.91
+56.9% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
3,324
1,840
1,800
+80.7%
Capital expenditure
331
345
357
-4.1%
Free cash flow
2,993
1,495
1,443
+100.2%
Free cash flow margin
18.4%
10.7%
9.7%
Cash from investing
-537
-452
-438
Cash from financing
-1,755
-1,341
-2,290
Depreciation and amortisation
385
389
411
-1.0%
Share-based compensation
135
90.0
74.0
+50.0%
Buybacks
1,000
1,000
2,000
0.0%
Dividends paid
277
281
299
-1.4%
Diluted shares, weighted
461m
480m
531m
-4.0%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
11,962
10,714
10,378
+11.6%
Non-controlling interest
105
100
67.0
+5.0%
Redeemable equity
288
242
213
+19.0%
Debt
6,602
7,197
7,210
-8.3%
Operating lease liabilities
822
879
925
-6.5%
Other liabilities
3,416
2,840
3,073
+20.3%
Total liabilities and equity
23,195
21,972
21,866
+5.6%
Fixed assets
1,705
1,696
1,708
+0.5%
Goodwill
3,639
3,544
3,559
+2.7%
Intangible assets
2,969
3,038
3,084
-2.3%
Investments
1,621
1,129
1,034
+43.6%
Cash and equivalents
5,351
4,319
4,272
+23.9%
Receivables
2,472
2,364
2,177
+4.6%
Inventory
432
626
543
-31.0%
Other assets
5,006
5,256
5,489
-4.8%
Total assets
23,195
21,972
21,866
+5.6%
10-K for the year ended 30 June 2025, filed 6 August 2025: the filing.