Filing Flows › News (NWSA) › Q2 FY26
News (NWSA) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 6, 2026
News (NWSA) reported revenue of $2.4B for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +10% from the quarter before. Operating margin was 15.5%, net earnings $193M (8.2% of revenue).
News, Q2 FY26: revenue $2.4B (+6% year over year), operating margin 15.5%, net earnings $193M, operating cash flow $231M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +10% | +6% |
| Operating profit | $367M | +73% | -10% |
| Net earnings | $193M | +72% | -10% |
| Operating cash flow | $231M | +172% | -8% |
| Free cash flow | $132M | 33× | -22% |
What changed
Revenue was $2.4B in Q2 FY26, up 6% year over year and up 10% from the previous quarter. Circulation and subscription was the largest line at 34% of revenue. Circulation and subscription added $0.05B year over year (up 6%), 38% of the total change.
Operating profit was $0.37B, a 15.5% margin (down 2.6 points year over year). Operating profit fell $0.04B even though revenue rose $0.12B versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.19B, down 10% year over year. The effective tax rate was 34.1%.
Operating cash flow was $0.23B (down 8% year over year), 95% of net income including minority interests. Non-cash charges added back $0.12B of depreciation and amortization. Working capital and other items used $0.13B. Capital expenditures of $0.10B left free cash flow of $0.13B.
Questions
What was News' revenue in the second quarter fiscal 2026?
News (NWSA) reported revenue of $2.4B for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +10% from the quarter before.
Was News profitable in the second quarter fiscal 2026?
Operating profit was $367M (15.5% of revenue) and net earnings $193M.
Source: News 10-Q on SEC EDGAR.