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Fox (FOXA) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 30, 2025
Fox (FOXA) reported revenue of $3.7B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +14% from the quarter before. Operating margin was 21.4%, net earnings $599M (16.0% of revenue).
Fox, Q1 FY26: revenue $3.7B (+5% year over year), operating margin 21.4%, net earnings $599M, operating cash flow −$130M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +14% | +5% |
| Operating profit | $799M | -17% | -28% |
| Net earnings | $599M | -16% | -28% |
| Operating cash flow | −$130M | -109% | — |
What changed
Revenue was $3.7B in Q1 FY26, up 5% year over year and up 14% from the previous quarter.
Operating profit was $0.80B, a 21.4% margin (down 9.9 points year over year). Operating profit fell $0.31B even though revenue rose $0.17B versus a year earlier, so costs grew faster than sales. Total costs grew 20% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $0.60B, down 28% year over year. The effective tax rate was 23.8%.
Operating cash flow was −$0.13B. Non-cash charges added back $0.10B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.86B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.23B.
Questions
What was Fox's revenue in the first quarter fiscal 2026?
Fox (FOXA) reported revenue of $3.7B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +14% from the quarter before.
Was Fox profitable in the first quarter fiscal 2026?
Operating profit was $799M (21.4% of revenue) and net earnings $599M.
Source: Fox 10-Q on SEC EDGAR.