News Corporation (NWS) Income Statement
NWS FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsNWS revenue and net income
Where NWS's revenue goes
FY2026Each bar shows an amount and its share of revenue. NWS kept 6.3% of revenue as net income.
NWS profit margins
NWS growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.8% | +4.1% | −0.7% | +0.9% |
| Gross profit | +8.1% | +7.6% | +2.3% | +5.3% |
| Operating income | −27.3% | −2.0% | −4.4% | +11.8% |
| Net income | +23.5% | +56.7% | +11.7% | +12.3% |
| EPS (diluted) | +31.1% | +34.0% | +12.0% | +11.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NWS quarterly EPS vs estimates
News Corp beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.27).
NWS income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.03B | $8.45B | $8.25B | $8.01B | $10.38B | $9.36B | $9.01B | $10.07B | $9.02B | $8.14B |
| Cost of revenue | $3.89B | $3.70B | $3.78B | $3.89B | $5.08B | $4.78B | $4.93B | $6.28B | $5.37B | $4.98B |
| Gross profit | $5.14B | $4.75B | $4.47B | $4.13B | $5.31B | $4.58B | $4.08B | $3.79B | $3.65B | $3.16B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $3.51B | $3.30B | $1.89B | $1.65B | $3.59B | $3.25B | $3.00B | $3.21B | $5.85B | $5.58B |
| Total operating expenses | $4.11B | $3.33B | $3.25B | $3.03B | $3.63B | $3.29B | $3.06B | $9.49B | $8.42B | $7.70B |
| Operating income | $1.03B | $1.42B | $1.22B | $1.09B | $1.68B | $1.29B | $1.02B | $773.0M | $600.0M | $436.0M |
| Interest expense | — | $10.0M | $85.0M | $84.0M | $105.0M | $37.0M | $25.0M | $59.0M | $7.0M | $39.0M |
| Income before taxes | $1.05B | $923.0M | $585.0M | $380.0M | $812.0M | $450.0M | −$1.52B | $354.0M | −$1.09B | −$615.0M |
| Income taxes | $303.0M | $275.0M | $206.0M | $152.0M | $52.0M | $61.0M | $21.0M | $126.0M | $355.0M | $28.0M |
| Net income | $573.0M | $464.0M | $266.0M | $149.0M | $623.0M | $330.0M | −$1.27B | $228.0M | −$1.51B | −$738.0M |
| EBITDA | $1.53B | $1.13B | $970.0M | $878.0M | $1.42B | $1.04B | $785.0M | $1.08B | $1.07B | $882.0M |
| EPS (diluted) | $1.18 | $0.90 | $0.70 | $0.49 | $1.20 | $0.67 | $0.22 | $0.46 | $0.45 | $0.36 |
| Gross margin | 56.9% | 56.2% | 54.2% | 51.5% | 51.1% | 48.9% | 45.3% | 37.6% | 40.4% | 38.8% |
| Operating margin | 11.4% | 16.7% | 14.8% | 13.6% | 16.2% | 13.7% | 11.3% | 7.7% | 6.6% | 5.4% |
| Net margin | 6.3% | 5.5% | 3.2% | 1.9% | 6.0% | 3.5% | −14.1% | 2.3% | −16.8% | −9.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.34B | $2.19B | $2.36B | $2.14B | $2.11B | $2.01B | $2.24B | $2.10B | $2.09B | $1.99B | $2.13B | $2.03B |
| Cost of revenue | $632.0M | $1.08B | $1.13B | $1.06B | $884.0M | $904.0M | $963.0M | $952.0M | $897.0M | $938.0M | $970.0M | $978.0M |
| Gross profit | $1.71B | $1.11B | $1.24B | $1.09B | $1.23B | $1.10B | $1.27B | $1.14B | $1.20B | $1.06B | $1.17B | $1.05B |
| Sales, general & admin | $1.29B | $890.0M | $849.0M | $863.0M | $870.0M | $815.0M | $797.0M | $518.0M | $516.0M | $505.0M | $394.0M | $471.0M |
| Total operating expenses | $1.52B | $890.0M | $833.0M | $862.0M | $913.0M | $811.0M | $793.0M | $817.0M | $913.0M | $795.0M | $763.0M | $776.0M |
| Operating income | $183.0M | $219.0M | $403.0M | $224.0M | $312.0M | $294.0M | $482.0M | $327.0M | $282.0M | $261.0M | $402.0M | $277.0M |
| Interest expense | — | $19.0M | $39.0M | — | $19.0M | $1.0M | $3.0M | $18.0M | $18.0M | $9.0M | $7.0M | $23.0M |
| Income before taxes | $278.0M | $189.0M | $367.0M | $212.0M | $132.0M | $151.0M | $430.0M | $210.0M | $110.0M | $96.0M | $291.0M | $88.0M |
| Income taxes | $48.0M | $68.0M | $125.0M | $62.0M | $46.0M | $44.0M | $124.0M | $61.0M | $43.0M | $32.0M | $97.0M | $34.0M |
| Net income | $179.0M | $89.0M | $193.0M | $112.0M | $27.0M | $103.0M | $215.0M | $119.0M | $50.0M | $30.0M | $156.0M | $30.0M |
| EBITDA | $328.0M | $341.0M | $521.0M | $341.0M | $312.0M | $294.0M | $405.0M | $327.0M | $359.0M | $261.0M | $332.0M | $347.0M |
| EPS (diluted) | $0.35 | $0.21 | $0.40 | $0.22 | $0.19 | $0.17 | $0.33 | $0.21 | $0.17 | $0.11 | $0.26 | $0.16 |
| Gross margin | 73.0% | 50.8% | 52.3% | 50.7% | 58.1% | 55.0% | 57.0% | 54.6% | 57.1% | 53.0% | 54.6% | 51.8% |
| Operating margin | 7.8% | 10.0% | 17.1% | 10.4% | 14.8% | 14.6% | 21.5% | 15.6% | 13.5% | 13.1% | 18.8% | 13.6% |
| Net margin | 7.7% | 4.1% | 8.2% | 5.2% | 1.3% | 5.1% | 9.6% | 5.7% | 2.4% | 1.5% | 7.3% | 1.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NWS's financial statements (latest annual report filed August 7, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NWS financial results
In fiscal year 2026 (ended June 30, 2026), News Corp reported revenue of $9.0 billion, up 6.8% from the year before. It had net income of $573.0 million (up 23.5%), a net profit margin of 6.3%. Diluted earnings per share came to $1.18. Over five years revenue grew at an average rate of −0.7% a year.
See the NWS stock overview for the latest quote and news, or the NWS chart for price history and technical indicators.
NWS income statement FAQ
What is News Corp's annual revenue?
News Corp reported total revenue of $9.0 billion for fiscal year 2026, which ended on June 30, 2026. That was up 6.8% from $8.5 billion the previous year.
Is News Corp profitable?
Yes. News Corp reported net income of $573.0 million in fiscal 2026, a net profit margin of 6.3%; its operating margin was 11.4%.
What is News Corp's gross margin?
News Corp's gross margin was 56.9% in fiscal 2026: for every $100 of revenue, News Corp kept $57 after the direct cost of its products and services.
How fast is News Corp growing?
Revenue grew −0.7% a year on average over the last five fiscal years, from $9.4 billion to $9.0 billion.
What are News Corp's earnings per share?
News Corp earned $1.18 per diluted share in fiscal 2026, compared with $0.90 a year earlier.
When will News Corp report its next earnings?
News Corp is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does News Corp's fiscal year end?
News Corp's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 7, 2026.