News Corporation (NWS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 2.19B | 2.36B | 2.14B | 2.11B | 2.01B | 2.24B | 2.1B | 2.09B | 1.99B | 2.13B | 2.03B | 2.43B | 2.45B | 2.52B | 2.48B | 2.67B | 2.49B | 2.72B | 2.5B | 2.49B |
| Revenue Growth % | 8.76% | 5.45% | 2.29% | 0.81% | 0.75% | 4.82% | 3.2% | -14.02% | -18.51% | -15.31% | -18.04% | -9.01% | -1.81% | -7.21% | -0.96% | 7.3% | 6.72% | 12.55% | 18.19% | 27.86% |
| Cost of Goods Sold | 1.08B | 1.15B | 941M | 884M | 904M | 963M | 952M | 897M | 938M | 970M | 978M | 1.22B | 1.29B | 1.29B | 1.27B | 1.31B | 1.25B | 1.28B | 1.24B | 1.23B |
| COGS % of Revenue | 49.24% | 48.73% | 43.89% | 41.92% | 45% | 43.03% | 45.42% | 42.88% | 47.04% | 45.43% | 48.15% | 50.27% | 52.55% | 51.33% | 51.37% | 48.88% | 50% | 47.07% | 49.72% | 49.4% |
| Gross Profit | 1.11B | 1.21B | 1.2B | 1.23B | 1.1B | 1.27B | 1.14B | 1.2B | 1.06B | 1.17B | 1.05B | 1.21B | 1.16B | 1.23B | 1.21B | 1.37B | 1.25B | 1.44B | 1.26B | 1.26B |
| Gross Margin % | 50.76% | 51.27% | 56.11% | 58.08% | 55% | 56.97% | 54.58% | 57.12% | 52.96% | 54.57% | 51.85% | 49.73% | 47.45% | 48.67% | 48.63% | 51.12% | 50% | 52.93% | 50.28% | 50.6% |
| Gross Profit Growth % | 0.36% | -5.1% | 5.16% | 2.51% | 4.64% | 9.44% | 8.64% | -1.24% | -9.04% | -5.05% | -12.61% | -11.48% | -6.82% | -14.67% | -4.21% | 8.41% | 8.44% | 18.26% | 32% | 26.86% |
| Operating Expenses | 890M | 849M | 862M | 913M | 811M | 793M | 817M | 913M | 795M | 763M | 776M | 878M | 837M | 818M | 849M | 1.05B | 885M | 848M | 846M | 1.05B |
| OpEx % of Revenue | 40.73% | 35.97% | 40.21% | 43.29% | 40.37% | 35.43% | 38.98% | 43.64% | 39.87% | 35.74% | 38.21% | 36.09% | 34.21% | 32.45% | 34.26% | 39.23% | 35.51% | 31.21% | 33.81% | 41.97% |
| Selling, General & Admin | 890M | 849M | 863M | 870M | 815M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | 40.73% | 35.97% | 40.25% | 41.25% | 40.57% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 219M | 361M | 341M | 312M | 294M | 482M | 327M | 282M | 261M | 402M | 277M | 332M | 324M | 409M | 356M | 318M | 361M | 590M | 412M | 215M |
| Operating Margin % | 10.02% | 15.3% | 15.9% | 14.79% | 14.63% | 21.54% | 15.6% | 13.48% | 13.09% | 18.83% | 13.64% | 13.65% | 13.24% | 16.22% | 14.37% | 11.89% | 14.49% | 21.72% | 16.47% | 8.63% |
| Operating Income Growth % | -25.51% | -25.1% | 4.28% | 10.64% | 12.64% | 19.9% | 18.05% | -15.06% | -19.44% | -1.71% | -22.19% | 4.4% | -10.25% | -30.68% | -13.59% | 47.91% | 19.93% | 18% | 52.59% | -1.83% |
| EBITDA | 341M | 521M | 458M | 432M | 408M | 518M | 439M | 474M | 375M | 442M | 448M | 510M | 507M | 583M | 535M | 501M | 533M | 758M | 577M | 391M |
| EBITDA Margin % | 15.61% | 22.08% | 21.36% | 20.48% | 20.31% | 23.15% | 20.94% | 22.66% | 18.81% | 20.7% | 22.06% | 20.96% | 20.72% | 23.13% | 21.59% | 18.74% | 21.39% | 27.9% | 23.06% | 15.69% |
| EBITDA Growth % | -16.42% | 0.58% | 4.33% | -8.86% | 8.8% | 17.19% | -2.01% | -7.06% | -26.04% | -24.19% | -16.26% | 1.8% | -4.88% | -23.09% | -7.28% | 28.13% | 12.45% | 13.64% | 32.95% | 3.17% |
| D&A (Non-Cash Add-back) | 122M | 160M | 117M | 120M | 114M | 36M | 112M | 192M | 114M | 40M | 171M | 178M | 183M | 174M | 179M | 183M | 172M | 168M | 165M | 176M |
| EBIT | 219M | 361M | 212M | 192M | 180M | 369M | 215M | 167M | 147M | 292M | 176M | 154M | 141M | 235M | 177M | 135M | 189M | 422M | 247M | 39M |
| Net Interest Income | 3M | -39M | 9M | 2M | 4M | -3M | -18M | -18M | -7M | -7M | -23M | -22M | -25M | -26M | -27M | -31M | -25M | -21M | -22M | -21M |
| Interest Income | 3M | 0 | 9M | 2M | 4M | 0 | 0 | 0 | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 39M | 0 | 0 | 0 | 3M | 18M | 18M | 9M | 7M | 23M | 22M | 25M | 26M | 27M | 31M | 25M | 21M | 22M | 21M |
| Other Income/Expense | -30M | -39M | -129M | -180M | -143M | -52M | -117M | -172M | -165M | -111M | -189M | -349M | -233M | -254M | -255M | -338M | -228M | -229M | -74M | -322M |
| Pretax Income | 189M | 322M | 212M | 132M | 151M | 430M | 210M | 110M | 96M | 291M | 88M | -17M | 91M | 155M | 101M | -20M | 133M | 361M | 338M | -107M |
| Pretax Margin % | 8.65% | 13.64% | 9.89% | 6.26% | 7.52% | 19.21% | 10.02% | 5.26% | 4.81% | 13.63% | 4.33% | -0.7% | 3.72% | 6.15% | 4.08% | -0.75% | 5.34% | 13.29% | 13.51% | -4.29% |
| Income Tax | 68M | 80M | 62M | 46M | 44M | 124M | 61M | 43M | 32M | 97M | 34M | 15M | 32M | 61M | 35M | -147M | 29M | 99M | 71M | -92M |
| Effective Tax Rate % | 35.98% | 24.84% | 29.25% | 34.85% | 29.14% | 28.84% | 29.05% | 39.09% | 33.33% | 33.33% | 38.64% | -88.24% | 35.16% | 39.35% | 34.65% | 735% | 21.8% | 27.42% | 21.01% | 85.98% |
| Net Income | 89M | 197M | 112M | 27M | 103M | 215M | 119M | 50M | 30M | 156M | 30M | -8M | 50M | 67M | 40M | 110M | 82M | 235M | 196M | -14M |
| Net Margin % | 4.07% | 8.35% | 5.22% | 1.28% | 5.13% | 9.61% | 5.68% | 2.39% | 1.5% | 7.31% | 1.48% | -0.33% | 2.04% | 2.66% | 1.61% | 4.11% | 3.29% | 8.65% | 7.83% | -0.56% |
| Net Income Growth % | -13.59% | -8.37% | -5.88% | -46% | 243.33% | 37.82% | 296.67% | 725% | -40% | 132.84% | -25% | -107.27% | -39.02% | -71.49% | -79.59% | 885.71% | 3.8% | 1.73% | 476.47% | 96.47% |
| Net Income (Continuing) | 121M | 242M | 150M | 86M | 107M | 306M | 149M | 67M | 64M | 194M | 54M | -32M | 59M | 94M | 66M | 127M | 104M | 262M | 267M | -15M |
| Discontinued Operations | 0 | 0 | 0 | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 697M | 670M | 606M | 615M | 878M | 876M | 913M | 891M | 857M | 920M | 844M | 881M | 907M | 941M | 856M | 921M | 991M | 964M | 938M | 935M |
| EPS (Diluted) | 0.16 | 0.34 | 0.20 | 0.05 | 0.18 | 0.38 | 0.21 | 0.09 | 0.05 | 0.27 | 0.05 | -0.01 | 0.09 | 0.16 | 0.11 | 0.19 | 0.14 | 0.40 | 0.33 | -0.02 |
| EPS Growth % | -11.11% | -10.53% | -4.76% | -45.59% | 244.17% | 40.74% | 301.53% | 723.57% | -39.54% | 68.75% | -52.45% | -107.37% | -38.21% | -60% | -66.67% | 901.69% | 7.69% | 2.56% | 450% | 96.46% |
| EPS (Basic) | 0.16 | 0.34 | 0.20 | 0.05 | 0.18 | 0.38 | 0.21 | 0.09 | 0.05 | 0.27 | 0.05 | -0.01 | 0.09 | 0.16 | 0.11 | 0.19 | 0.14 | 0.40 | 0.33 | -0.02 |
| Diluted Shares Outstanding | 561.5M | 579.41M | 566.9M | 568.6M | 569.5M | 570.1M | 571.2M | 573M | 574M | 574M | 574M | 573M | 577.9M | 578M | 583.2M | 588.9M | 592.1M | 594.7M | 594.4M | 591M |
| Basic Shares Outstanding | 559.8M | 579.41M | 564.9M | 565.9M | 567.2M | 568.5M | 569.2M | 570M | 600M | 572M | 572M | 573M | 575.4M | 576M | 581M | 585.3M | 588.8M | 592.1M | 591.7M | 590.7M |
| Dividend Payout Ratio | 50.56% | 28.93% | 41.96% | 211.11% | 34.95% | 26.51% | 29.41% | 114% | 100% | 36.54% | 93.33% | - | 54% | 86.57% | 77.5% | 55.45% | 34.15% | 25.11% | 13.78% | - |