Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Fox Corporation's fiscal year 2026 was defined by a landmark agreement to acquire Roku and solid revenue expansion fueled by sports and digital platforms, though net income declined as a $773 million non-operating loss from changes in the fair value of investments overwhelmed operating gains. Television segment EBITDA surged 52% as lower sports programming costs from the absence of Super Bowl LIX more than offset incremental expenses for the FIFA Men's World Cup. Cable Network Programming saw only modest profit growth amid higher sports rights costs, while the launch of the FOX One streaming service widened Corporate losses. Overall, the company's operating momentum was tempered by non-cash fair value swings.
Revenue
$17.13B
+5.07% YoY
EPS (Diluted)
$3.84
-21.79% YoY
Filed · Source: SEC EDGAR 10-K filing · Audit Opinion: Unqualified opinion (Source: Report of Independent Registered Public Accounting Firm)
Source: SEC XBRL
Fox (FOX) reported FY2026 revenue of $17.13B, up 5.1% year over year. Operating cash flow was $1.97B, down 40.7% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Mar 2026 | 1.32 | 0.99 | Beat +33.9% |
| Dec 2025 | 0.82 | 0.51 | Beat +61.7% |
| Sep 2025 | 1.51 | 1.10 | Beat +37.4% |
| Jun 2025 | 1.27 | 1.01 | Beat +25.8% |
2 reported segments · SEC XBRL
Segment revenue totals $17.01B; with $112M of reconciling items (corporate, unallocated and eliminations) it ties to the $17.13B of consolidated revenue on the income statement.
Compiled by AI from 10-K Item 7 of this filing
Revenue increased 5% driven by the FIFA Men's World Cup, additional NFL and MLB postseason games, and continued digital growth at Tubi; these gains were partially offset by the absence of Super Bowl LIX and lower political advertising.
Source: 10-K Item 7 MD&A
In June 2026, Fox entered into a definitive agreement to acquire Roku for $96 cash and 0.9693 shares of Fox Class A Common Stock per Roku share. Fox secured a $12 billion bridge facility and a $1 billion term loan to fund the cash portion.
Source: 10-K Item 7 MD&A
Television Segment EBITDA jumped 52% to $1,438 million, primarily due to lower sports programming rights amortization from the absence of Super Bowl LIX, partially offset by costs for the FIFA Men's World Cup and higher NFL expenses.
Source: 10-K Item 7 MD&A
Corporate and Other EBITDA loss increased 80% to $631 million, driven by intercompany FOX branded content and marketing costs associated with the launch of the FOX One direct-to-consumer streaming service.
Source: 10-K Item 7 MD&A
Fox executed a $1.5 billion accelerated share repurchase, contributing to a 100% increase in total buybacks and significant financing cash outflow. The semi-annual dividend was maintained at $0.29 per share.
Source: 10-K Item 7 MD&A
Compiled by AI from 10-K Item 1A of this filing · 5 high, 0 medium, 0 low
The Merger is subject to stockholder approvals and regulatory clearances; failure to satisfy conditions could prevent completion. Fox may be required to pay a termination fee of up to $1.2 billion in certain circumstances.
Source: 10-K Item 1A Risk Factors
Fox will incur significant debt to finance the Roku acquisition, increasing its vulnerability to economic shifts, reducing financial flexibility, and potentially leading to negative credit rating actions.
Source: 10-K Item 1A Risk Factors
Industry-wide subscriber losses to traditional and virtual MVPDs are expected to continue and possibly accelerate, negatively impacting both distribution and advertising revenues.
Source: 10-K Item 1A Risk Factors
Advertising sales are highly dependent on major sports events and election cycles, and are exposed to measurement methodology changes, intense digital competition, and shifts in viewer behavior away from linear TV.
Source: 10-K Item 1A Risk Factors
A significant portion of revenue comes from a small number of MVPDs; failure to renew or maintain favorable carriage agreements could severely reduce distribution and advertising revenue.
Source: 10-K Item 1A Risk Factors
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 17.13 $B | 16.30 $B | +5.07% |
EPS (Basic) $ | 3.91 $ | 4.97 $ | -21.33% |
EPS (Diluted) $ | 3.84 $ | 4.91 $ | -21.79% |
SG&A Expense $B | 2.37 $B | 2.17 $B | +9.18% |
Answers draw on this SEC filing and the data on this page
FOX Corporation reported Q3 FY2026 revenue of $3.99B, down 8.6% YoY, with EPS falling nearly 49% to $0.38, while the company aggressively returned capital via $1.9B in share buybacks year-to-date.
FOX Corporation reported Q2 FY2026 revenue of $5.18B (+2.0% YoY), but EPS fell sharply to $0.52 (-35.8% YoY) while the company deployed $1.8B in share buybacks year-to-date, reflecting significant capital return activity alongside rising costs.
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