News (NWSA) FY2026 results: revenue $9.0 billion, up 6.8% on the year
News Corp. (NWSA) reported revenue of $9.0 billion for fiscal 2026, the year ended 30 June 2026, up 6.8% on the year before. Net income was $573 million, down 51.4%, and diluted earnings per share $1.03. The figures are the company's own, from the 10-K it filed with the SEC on 7 August 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
From this 10-K
News Corporation is a diversified media and information services company. Its businesses span news and information services, digital real estate advertising and book publishing, under brands including The Wall Street Journal, Barron's, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, realestate.com.au, Realtor.com and talkSPORT. Income comes from recurring subscriptions, circulation, advertising, sales of real estate listing products, licensing fees and other consumer product sales. It is headquartered in New York and operates mainly in the United States, Australia and the United Kingdom. The company is a Delaware corporation organised on 11 December 2012 for its separation from Twenty-First Century Fox, which completed on 28 June 2013. Its Class A and Class B common stock trade on Nasdaq as NWSA and NWS. The fiscal year runs 52 or 53 weeks to the Sunday nearest 30 June. There are five reportable segments.
The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026
Income statement (profit and loss)
| $ million | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 9,028 | 8,452 | 8,252 | +6.8% | |
| Selling, general and administrative | 3,509 | 3,301 | 3,197 | +6.3% | |
| Pre-tax income | 1,046 | 923 | 585 | +13.3% | |
| Income tax | 303 | 275 | 206 | +10.2% | |
| Effective tax rate | 29.0% | 29.8% | 35.2% | ||
| Net income | 573 | 1,180 | 266 | -51.4% | |
| Net margin | 6.3% | 14.0% | 3.2% | ||
| Diluted EPS | $1.03 | $2.07 | $0.46 | -50.2% |
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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 | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 1,231 | 1,134 | 1,098 | +8.6% | |
| Capital expenditure | 426 | 407 | 357 | +4.7% | |
| Free cash flow | 805 | 727 | 741 | +10.7% | |
| Free cash flow margin | 8.9% | 8.6% | 9.0% | ||
| Cash from investing | n/a | n/a | -524 | ||
| Cash from financing | n/a | n/a | -441 | ||
| Depreciation and amortisation | 485 | 459 | 440 | +5.7% | |
| Share-based compensation | 77.0 | 84.0 | 91.0 | -8.3% | |
| Buybacks | 641 | 150 | 117 | +327.3% | |
| Dividends paid | 204 | 185 | 172 | +10.3% | |
| Diluted shares, weighted | 558m | 570m | 574m | -2.0% |
Balance sheet
| $ million | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 8,526 | 8,774 | 8,120 | -2.8% | |
| Non-controlling interest | 710 | 615 | 891 | +15.4% | |
| Debt | 1,989 | 1,962 | 2,102 | +1.4% | |
| Operating lease liabilities | 840 | 904 | 912 | -7.1% | |
| Other liabilities | 3,479 | 3,249 | 4,659 | +7.1% | |
| Total liabilities and equity | 15,544 | 15,504 | 16,684 | +0.3% | |
| Fixed assets | 1,398 | 1,331 | 1,272 | +5.0% | |
| Goodwill | 4,542 | 4,373 | 4,336 | +3.9% | |
| Intangible assets | 1,837 | 1,930 | 1,948 | -4.8% | |
| Investments | 1,002 | 1,016 | 429 | -1.4% | |
| Cash and equivalents | 2,095 | 2,403 | 1,872 | -12.8% | |
| Receivables | 1,757 | 1,562 | 1,420 | +12.5% | |
| Inventory | 302 | 327 | 266 | -7.6% | |
| Other assets | 2,611 | 2,562 | 5,141 | +1.9% | |
| Total assets | 15,544 | 15,504 | 16,684 | +0.3% |
10-K for the year ended 30 June 2026, filed 7 August 2026: the filing.