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Fox (FOXA) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 4, 2026
Fox (FOXA) reported revenue of $5.2B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +39% from the quarter before. Operating margin was 6.2%, net earnings $229M (4.4% of revenue).
Fox, Q2 FY26: revenue $5.2B (+2% year over year), operating margin 6.2%, net earnings $229M, operating cash flow −$669M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.2B | +39% | +2% |
| Operating profit | $322M | -60% | -37% |
| Net earnings | $229M | -62% | -39% |
| Operating cash flow | −$669M | — | — |
What changed
Revenue was $5.2B in Q2 FY26, up 2% year over year and up 39% from the previous quarter.
Operating profit was $0.32B, a 6.2% margin (down 3.9 points year over year). Operating profit fell $0.19B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Total costs grew 7% against revenue growth of 2%. The fastest-growing cost line was SG&A (+13%). Net earnings were $0.23B, down 39% year over year. The effective tax rate was 23.3%.
Operating cash flow was −$0.67B. Non-cash charges added back $0.10B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $1.0B. Capital expenditures of $0.12B exceeded it, leaving free cash flow of −$0.79B.
Questions
What was Fox's revenue in the second quarter fiscal 2026?
Fox (FOXA) reported revenue of $5.2B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +39% from the quarter before.
Was Fox profitable in the second quarter fiscal 2026?
Operating profit was $322M (6.2% of revenue) and net earnings $229M.
Source: Fox 10-Q on SEC EDGAR.