Fox (FOX) Q3 FY2026 earnings: revenue $4.0 billion, down 8.6% on the year
Fox Corp. (FOX) reported revenue of $4.0 billion for Q3 FY2026, the quarter ended 31 March 2026, down 8.6% on the same quarter a year earlier. Net income was $166 million, down 52.0% on the year, and diluted earnings per share $0.38. The figures are the company's own, from the 10-Q it filed with the SEC on 11 May 2026.
Revenue
$4.0 billion
-8.6% on the year · -22.9% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
n/a
Q4 FY2024Q3 FY2026
Net income
$166 million
-52.0% on the year · -27.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.38
-49.3% on the year · -26.9% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Revenue fell year over year: Total revenue was $3.99 billion, against $4.37 billion in the prior-year quarter. Distribution, content and other revenue rose while advertising declined.
Adjusted EBITDA rose 11%: Adjusted EBITDA was $954 million, up $98 million or 11%, as lower expenses more than offset the revenue decline.
Television EBITDA rose $131 million: Television segment revenue fell to $2.20 billion from $2.70 billion, while segment EBITDA rose to $191 million from $60 million.
$ 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
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,902
-669
2,015
-5.6%
Capital expenditure
135
122
74.0
+10.7%
+82.4%
Free cash flow
1,767
-791
1,941
-9.0%
Free cash flow margin
44.2%
-15.3%
44.4%
Cash from investing
-150
-138
-167
Cash from financing
-168
-1,544
-355
Depreciation and amortisation
101
100
95.0
+1.0%
+6.3%
Share-based compensation
30.0
32.0
29.0
-6.2%
+3.4%
Buybacks
100
1,550
250
-93.5%
-60.0%
Dividends paid
128
9.0
133
+1,322.2%
-3.8%
Diluted shares, weighted
432m
441m
461m
-2.0%
-6.3%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
10,969
10,928
11,526
+0.4%
-4.8%
Non-controlling interest
107
110
112
-2.7%
-4.5%
Redeemable equity
84.0
84.0
228
0.0%
-63.2%
Debt
6,605
6,604
7,201
+0.0%
-8.3%
Operating lease liabilities
924
849
855
+8.8%
+8.1%
Other liabilities
3,094
2,896
3,445
+6.8%
-10.2%
Total liabilities and equity
21,783
21,471
23,367
+1.5%
-6.8%
Fixed assets
1,782
1,739
1,660
+2.5%
+7.3%
Goodwill
3,647
3,638
3,639
+0.2%
+0.2%
Intangible assets
2,943
2,951
3,030
-0.3%
-2.9%
Investments
979
1,489
1,362
-34.3%
-28.1%
Cash and equivalents
3,601
2,017
4,815
+78.5%
-25.2%
Receivables
2,948
3,557
3,252
-17.1%
-9.3%
Inventory
652
828
455
-21.3%
+43.3%
Other assets
5,231
5,252
5,154
-0.4%
+1.5%
Total assets
21,783
21,471
23,367
+1.5%
-6.8%
Questions
What was Fox's revenue in Q3 FY2026?
Fox (FOX) reported revenue of $4.0 billion for Q3 FY2026, the quarter ended 31 March 2026, down 8.6% on the same quarter a year earlier.
How much did Fox earn in Q3 FY2026?
Net income for Q3 FY2026 was $166 million, down 52.0% on the year, and diluted earnings per share $0.38.
When did Fox report Q3 FY2026 results?
Fox filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 11 May 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 31 March 2026, filed 11 May 2026: the filing.