Latest revenue
$3.99B
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $31.90B
- Enterprise value
- $39.10B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- 2.92×
- Dividend yield
- 0.9%
- 52-wk high
- $76.39
- 52-wk low
- $52.96
- Beta
- —
- Shares out
- 498.6M
5-year trend
What this company does
Fox runs a news, sports, and entertainment empire built around Fox News, Fox Sports, the Fox broadcast network, and local TV stations, organized into Cable Network Programming and Television segments. It earns money primarily from cable affiliate fees and advertising tied to live news and sports, supplemented by retransmission fees from pay-TV distributors. The company is aggressively returning capital, repurchasing $1.8 billion of stock in the first half of fiscal 2026 while building inventory and prepaid sports rights ahead of major sports commitments.
Generated from FOXA's filing dated 2025-08-06
Key risks
- Earnings deterioration: Q2 net income fell to $229M ($0.52 diluted EPS) from $373M ($0.81), with non-operating other swinging to -$161M from +$81M.
- Aggressive capital return draining liquidity: cash dropped to $2.0B from $5.4B after $1.8B buybacks and $208M NCI purchase, against $6.6B borrowings.
- Programming cost ramp: inventories surged to $1.75B (sports rights $1.07B vs $633M), and six-month operating cash flow turned to -$799M use.
Generated from FOXA's filing dated 2025-08-06
Leverage
Debt / equity
0.94×
10.6%Long-term debt / equity
0.55×
10.4%Debt / assets
48.4%
5.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.99B | -8.6% | — | — | — |
Q4 2025 2025-12-31 | $5.18B | +2.0% | — | — | — |
Q3 2025 2025-09-30 | $3.74B | +4.9% | — | — | — |
Q2 2025 2025-06-30 | $3.29B | +6.3% | — | — | — |
Q1 2025 2025-03-31 | $4.37B | +26.8% | — | — | — |
Q4 2024 2024-12-31 | $5.08B | +19.9% | — | — | — |
Q3 2024 2024-09-30 | $3.56B | +11.1% | — | — | — |
Q2 2024 2024-06-30 | $3.09B | — | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Television Broadcasting Stations · SIC 4833
Your notes
Keep private notes on FOXA — thesis, target price, catalysts to watch.
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Insider activity
No insider transactions on file for FOXA in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns FOXA
Institutional value
$6.30B
Total shares held
118.1M
Distinct holders
519
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 19.9M | $1.16B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 12.5M | $728.1M | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 9.0M | $526.8M | — | New |
| 4 | ASSETMARK, INC | 5.0M | $289.9M | — | New |
| 5 | Invesco Ltd. | 4.1M | $240.2M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 3.8M | $219.9M | — | New |
| 7 | FIRST TRUST ADVISORS LP | 3.4M | $198.2M | — | New |
| 8 | Robeco Institutional Asset Management B.V. | 3.4M | $195.7M | — | New |
| 9 | JPMORGAN CHASE & CO | 2.8M | $164.0M | — | New |
| 10 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2.5M | $145.3M | — | New |
| 11 | DEUTSCHE BANK AG\ | 2.2M | $127.1M | — | New |
| 12 | GREAT LAKES ADVISORS, LLC | 1.7M | $100.8M | — | New |
| 13 | UBS Group AG | 1.6M | $95.1M | — | New |
| 14 | Legal & General Group Plc | 1.6M | $91.7M | — | New |
| 15 | FEDERATED HERMES, INC. | 1.5M | $84.7M | — | New |
| 16 | AustralianSuper Pty Ltd | 1.4M | $79.1M | — | New |
| 17 | Bank of New York Mellon Corp | 1.3M | $76.0M | — | New |
| 18 | YACKTMAN ASSET MANAGEMENT LP | 1.2M | $69.4M | — | New |
| 19 | VANGUARD FIDUCIARY TRUST CO | 1.1M | $65.2M | — | New |
| 20 | SEI INVESTMENTS CO | 978.2K | $57.1M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Net income fell to $229M from $373M despite revenue growth—what specifically drove the 70bps SG&A margin expansion and is this structural?
- 2
Operating cash flow swung to negative $799M with inventories up $937M—how much relates to Tubi/sports rights and when does this reverse?
- 3
You burned $1.8B on buybacks while cash dropped from $5.35B to $2.0B—justify this pace given $6.6B debt and upcoming sports rights renewals.
Refreshed when FOXA files a new report · last from 2025-08-06