Financial Statements

In thousands, USD
FY 2026FY 2025FY 2024FY 2023
Total Revenues9,028,0008,452,0008,252,0008,012,000
Cost of Sales3,892,0003,736,0003,814,0003,911,000
Gross Profit5,136,0004,716,0004,438,0004,101,000
Selling, General & Administrative Expenses3,509,0003,301,0003,197,0003,012,000
Depreciation & Amortization Expenses485,000459,000440,000415,000
Other Operating Expenses113,000132,000133,000121,000
Operating Profit1,029,000824,000668,000553,000
Interest and Investment Income(8,000)(15,000)(6,000)(176,000)
Non-Operating Income25,000114,000(77,000)3,000
Total Non-Operating Income17,00099,000(83,000)(173,000)
Income Before Provision for Income Taxes1,046,000923,000585,000380,000
Provision for Income Taxes303,000275,000206,000152,000
Consolidated Net Income743,000648,000379,000228,000
Net Income Attributable to Minority Interests and Other170,000160,00088,00038,000
Net Income Attributable to Discontinued Operations—692,000(25,000)(41,000)
Net Income Attributable to Common Shareholders573,0001,180,000266,000149,000
Basic EPS1.032.080.470.28
Diluted EPS1.032.070.460.28
Basic Weighted Average Shares Outstanding556,500567,700571,200576,400
Diluted Weighted Average Shares Outstanding558,400569,900573,500578,800
Shares Outstanding543,421565,386569,000572,000
FY 2026FY 2025FY 2024FY 2023
Cash and Cash Equivalents2,095,0002,403,0001,872,0001,833,000
Total Cash and Cash Equivalents2,095,0002,403,0001,872,0001,833,000
Accounts Receivable1,757,0001,562,0001,420,0001,425,000
Total Trade Receivables1,757,0001,562,0001,420,0001,425,000
Inventories302,000327,000266,000311,000
Other Current Assets328,000519,000814,000484,000
Total Current Assets4,482,0004,811,0004,372,0004,053,000
Net Property, Plant & Equipment2,152,0002,120,0002,077,0003,078,000
Net Intangible Assets1,837,0001,930,0001,948,0002,489,000
Goodwill4,542,0004,373,0004,336,0005,140,000
Long-Term Investments1,002,0001,016,000429,000427,000
Other Long-Term Assets1,529,0001,254,0003,522,0001,734,000
Total Assets15,544,00015,504,00016,684,00016,921,000
Accounts Payable412,000335,000254,000440,000
Accrued Expenses1,080,0001,036,000986,0001,123,000
Short-Term Debt—25,0009,00027,000
Unearned Revenue543,000498,000483,000622,000
Other Current Liabilities726,000714,0001,323,000953,000
Total Current Liabilities2,761,0002,608,0003,055,0003,165,000
Long-Term Debt1,989,0001,937,0002,093,0002,940,000
Leases840,000904,000912,0001,128,000
Other Long-Term Liabilities718,000666,0001,613,000743,000
Total Long-Term Liabilities3,547,0003,507,0004,618,0004,811,000
Total Liabilities6,308,0006,115,0007,673,0007,976,000
Common Stock6,0006,0006,0006,000
Additional Paid-in Capital10,380,00011,058,00011,254,00011,449,000
Accumulated Other Comprehensive Income(1,548,000)(1,543,000)(1,251,000)(1,247,000)
Retained Earnings(312,000)(747,000)(1,889,000)(2,144,000)
Total Common Shareholders' Equity8,526,0008,774,0008,120,0008,064,000
Minority Interests and Other710,000615,000891,000881,000
Total Shareholders' Equity9,236,0009,389,0009,011,0008,945,000
Total Liabilities and Shareholders' Equity15,544,00015,504,00016,684,00016,921,000
FY 2026FY 2025FY 2024FY 2023
Net Income743,000648,000379,000228,000
Depreciation & Amortization485,000459,000440,000415,000
Other Adjustments152,000(622,000)251,000271,000
Changes in Trade Receivables(237,000)(96,000)(85,000)(181,000)
Changes in Inventories33,000(46,000)27,0005,000
Changes in Accounts Payable59,000(64,000)(81,000)80,000
Changes in Other Operating Activities(6,000)156,000201,000314,000
Cash from Operating Activities1,231,000442,0001,123,0001,132,000
Capital Expenditure(426,000)(407,000)(357,000)(347,000)
Proceeds from Sale of Property, Plant & Equipment———37,000
Purchases of Investments(60,000)(154,000)(96,000)(124,000)
Proceeds from Sale of Investments89,000274,00081,00050,000
Payments for Business Acquisitions(122,000)(96,000)(38,000)(17,000)
Other Investing Activities(20,000)230,000(114,000)(173,000)
Cash from Investing Activities(539,000)(153,000)(524,000)(574,000)
Issuance of Long-Term Debt125,00061,000278,000—
Repayments of Long-Term Debt(100,000)(203,000)(409,000)(65,000)
Net Issuance / (Repayments) of Long-Term Debt25,000(142,000)(131,000)(65,000)
Repurchases of Common Shares(641,000)(150,000)(117,000)(243,000)
Net Issuance / (Repurchases) of Common Shares(641,000)(150,000)(117,000)(243,000)
Common Share Dividends Paid(204,000)(185,000)(172,000)(174,000)
Other Financing Activities(194,000)(86,000)(21,000)(19,000)
Cash from Financing Activities(1,014,000)(563,000)(441,000)(501,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents14,00025,000(6,000)(5,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash(308,000)443,000127,00011,000

Key Metrics & Ratios

MetricValue
Market Cap$13.49B
P/E24.11x
P/S1.49x
EV/EBITDA9.87x
Return on Equity8.0%
Return on Invested Capital6.7%
Current Ratio1.62x
Dividend Yield1.5%
Free Cash Flow Margin8.9%

Margins

Gross margin
56.9%
Operating margin
11.4%
Net margin
6.3%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q4 2026 $2.34B +10.8% 10.7% $249M
Q3 2026 $2.19B +8.8% 9.3% $203M
Q2 2026 $2.36B +5.5% 15.8% $373M
Q1 2026 $2.14B +2.3% 9.5% $204M
Q4 2025 $2.11B — 5.7% $121M
Q3 2025 $2.01B — 8.1% $163M
Q2 2025 $2.24B — 15.6% $349M
Q1 2025 $2.10B — 9.1% $191M

More on News Corporation

Company

News Corporation overview
Figures compiled from public company filings.

See how VectorShift works for your firm

Request Demo