Fox (FOX) Q4 FY2026 earnings: revenue $4.2 billion, up 28.1% on the year

Fox Corp. (FOX) reported revenue of $4.2 billion for Q4 FY2026, the quarter ended 30 June 2026, up 28.1% on the same quarter a year earlier. Net income was $691 million, down 3.6% on the year, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2026.

Revenue

$4.2 billion

+28.1% on the year · +5.5% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

n/a

Q1 FY2025Q4 FY2026

Net income

$691 million

-3.6% on the year · +316.3% on the quarter

Q1 FY2025Q4 FY2026

Diluted EPS

$1.62

+3.2% on the year · +326.3% on the quarter

Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue rose 28% on World Cup: Quarterly revenue was $4.21 billion, up $925 million or 28%. Advertising rose 78% on the World Cup broadcast, and distribution revenue rose 5%.
Adjusted EBITDA up 27% to $1.20 billion: Adjusted EBITDA was $1.20 billion, up $256 million or 27%, as the revenue increase was partly offset by higher expenses.
Television revenue rose 45%: Television segment revenue rose $775 million or 45%, with advertising up 108% on the World Cup, digital growth at Tubi and higher political advertising at the FOX Television Stations.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	4,212	3,994	3,287	+5.5%	+28.1%
Selling, general and administrative	637	546	590	+16.7%	+8.0%
Interest expense	92.0	89.0	90.0	+3.4%	+2.2%
Pre-tax income	921	236	959	+290.3%	-4.0%
Income tax	225	61.0	240	+268.9%	-6.2%
Effective tax rate	24.4%	25.8%	25.0%
Net income	691	166	717	+316.3%	-3.6%
Net margin	16.4%	4.2%	21.8%
Diluted EPS	$1.62	$0.38	$1.57	+326.3%	+3.2%

$ million except per share.

Fourth quarters are the year less the first three quarters. 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. 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	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	867	1,902	1,513	-54.4%	-42.7%
Capital expenditure	141	135	119	+4.4%	+18.5%
Free cash flow	726	1,767	1,394	-58.9%	-47.9%
Free cash flow margin	17.2%	44.2%	42.4%
Cash from investing	-162	-150	-130
Cash from financing	-101	-168	-847
Depreciation and amortisation	111	101	102	+9.9%	+8.8%
Share-based compensation	42.0	30.0	38.0	+40.0%	+10.5%
Buybacks	100	100	250	0.0%	-60.0%
Dividends paid	12.0	128	10.0	-90.6%	+20.0%
Diluted shares, weighted	439m	432m	461m	+1.6%	-4.8%

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	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	11,628	10,969	11,962	+6.0%	-2.8%
Non-controlling interest	100	107	105	-6.5%	-4.8%
Redeemable equity	86.0	84.0	288	+2.4%	-70.1%
Debt	6,606	6,605	6,602	+0.0%	+0.1%
Operating lease liabilities	917	924	822	-0.8%	+11.6%
Other liabilities	3,145	3,094	3,416	+1.6%	-7.9%
Total liabilities and equity	22,482	21,783	23,195	+3.2%	-3.1%
Fixed assets	1,842	1,782	1,705	+3.4%	+8.0%
Goodwill	3,647	3,647	3,639	0.0%	+0.2%
Intangible assets	2,870	2,943	2,969	-2.5%	-3.3%
Investments	965	979	1,621	-1.4%	-40.5%
Cash and equivalents	4,205	3,601	5,351	+16.8%	-21.4%
Receivables	3,455	2,948	2,472	+17.2%	+39.8%
Inventory	487	652	432	-25.3%	+12.7%
Other assets	5,011	5,231	5,006	-4.2%	+0.1%
Total assets	22,482	21,783	23,195	+3.2%	-3.1%

Questions

What was Fox's revenue in Q4 FY2026?

Fox (FOX) reported revenue of $4.2 billion for Q4 FY2026, the quarter ended 30 June 2026, up 28.1% on the same quarter a year earlier.

How much did Fox earn in Q4 FY2026?

Net income for Q4 FY2026 was $691 million, down 3.6% on the year, and diluted earnings per share $1.62.

When did Fox report Q4 FY2026 results?

Fox filed its 10-K for the year that ended with the quarter on 6 August 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026 †	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	4,441	3,455	3,033	3,192	4,605	4,084	3,032	3,207	4,234	3,447	3,092	3,564	5,078	4,371	3,287	3,738	5,182	3,994	4,212	4,571
SG&A	468	485	552	448	550	528	523	480	495	510	539	502	525	551	590	552	595	546	637	567
Interest expense	98.0	92.0	90.0	87.0	89.0	86.0	87.0	91.0	119	99.0	96.0	102	117	94.0	90.0	100	120	89.0	92.0	114
Pre-tax income	-95.0	390	447	845	437	-51.0	505	561	131	961	451	1,113	515	474	959	799	322	236	921	1,283
Tax rate	n/a	26%	31%	27%	27%	n/a	27%	26%	12%	27%	29%	25%	25%	25%	25%	24%	23%	26%	24%	25%
Net income	-85.0	283	306	605	313	-54.0	375	407	109	666	319	827	373	346	717	599	229	166	691	943
Net margin	-2%	8%	10%	19%	7%	-1%	12%	13%	3%	19%	10%	23%	7%	8%	22%	16%	4%	4%	16%	21%
Diluted EPS	-$0.15	$0.50	$0.55	$1.10	$0.58	-$0.10	$0.75	$0.82	$0.23	$1.40	$0.68	$1.78	$0.81	$0.75	$1.57	$1.32	$0.52	$0.38	$1.62	$2.20
Operating cash flow	-685	1,607	933	270	-531	1,568	493	1.0	-536	1,476	899	158	-362	2,015	1,513	-130	-669	1,902	867	616
Capital expenditure	68.0	70.0	116	74.0	79.0	84.0	120	71.0	79.0	83.0	112	64.0	74.0	74.0	119	104	122	135	141	113
Free cash flow	-753	1,537	817	196	-610	1,484	373	-70.0	-615	1,393	787	94.0	-436	1,941	1,394	-234	-791	1,767	726	503
Buybacks	247	251	252	250	250	1,250	250	250	250	250	250	250	250	250	250	250	1,550	100	100	0.0
Dividends paid	0.0	145	12.0	147	8.0	136	8.0	135	7.0	130	9.0	131	3.0	133	10.0	138	9.0	128	12.0	131
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* 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-K for the period ended 30 June 2026, filed 6 August 2026: the filing.