Saturday 17 October 2026
Export NWSA’s income statement to Excel — free account
News Corporation
NWSA Communication Services Entertainment
News Corporation’s revenue for fiscal 2026 (year ended June 2026) was $9.0 billion, up 6.81% from fiscal 2025. In the quarter to June 2026, revenue grew 10.8%, EPS fell 74.8%, free cash flow grew 759.4% and total debt rose 1.38%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.
30.03
0.19
−0.63%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 11.51 | 10.65 | 11.12 | 7.90 | 17.75 | 14.87 | 15.58 | 22.65 | 23.38 | 22.20 |
Analyst estimates 2027–2029 Powerpack |
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| High | 16.87 | 17.29 | 14.66 | 18.70 | 27.97 | 23.73 | 24.81 | 30.04 | 31.61 | 31.66 | |||||
| People | |||||||||||||||
| People | Employees | 26,000 | 28,000 | 28,000 | 23,500 | 24,000 | 25,500 | 25,000 | 23,900 | 22,300 | 21,700 | ||||
| Revenue/emp, $m | 0.31 | 0.32 | 0.36 | 0.38 | 0.39 | 0.41 | 0.32 | 0.35 | 0.38 | 0.42 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 8,139 | 9,024 | 10,074 | 9,008 | 9,358 | 10,385 | 8,012 | 8,252 | 8,452 | 9,028 | ||||
| Gross margin, % | 44.35 | 45.66 | 44.02 | 44.49 | 48.38 | 50.66 | 51.19 | 53.78 | 55.80 | 56.89 | |||||
| EBT | (615) | (1,089) | 354 | (1,524) | 450 | 812 | 380 | 585 | 923 | 1,046 | |||||
| EBT margin, % | (7.56) | (12.07) | 3.51 | (16.92) | 4.81 | 7.82 | 4.74 | 7.09 | 10.92 | 11.59 | |||||
| Net income | (643) | (1,444) | 228 | (1,545) | 389 | 760 | 187 | 354 | 1,340 | 743 | |||||
| Depreciation | 449 | 472 | 659 | 644 | 680 | 688 | 415 | 440 | 459 | 485 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 14.00 | 15.49 | 17.23 | 15.32 | 15.85 | 17.62 | 13.90 | 14.45 | 14.89 | 16.22 | ||||
| Earnings | (1.27) | (2.60) | 0.27 | (2.16) | 0.56 | 1.06 | 0.26 | 0.47 | 2.08 | 1.03 | |||||
| Cash flow | 0.85 | 1.30 | 1.59 | 1.33 | 2.10 | 2.30 | 1.35 | 1.57 | 1.72 | 2.22 | |||||
| Capex | 0.03 | (0.39) | (0.80) | (0.68) | (0.62) | (0.84) | (0.54) | (0.62) | (0.72) | (0.77) | |||||
| Free cash flow | 0.88 | 0.91 | 0.79 | 0.64 | 1.48 | 1.46 | 0.81 | 0.95 | 1.01 | 1.46 | |||||
| Book value | 19.08 | 17.98 | 17.63 | 14.27 | 15.49 | 15.51 | 15.52 | 15.78 | 16.54 | 16.60 | |||||
| Shares, m | 581 | 583 | 585 | 588 | 590 | 590 | 576 | 571 | 568 | 557 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 52.31 | 0.00 | 46.02 | 14.70 | 72.22 | 59.33 | 14.29 | 24.11 | ||||
| P/S | 0.98 | 0.98 | 0.79 | 0.77 | 1.63 | 0.88 | 1.40 | 1.89 | 2.00 | 1.53 | |||||
| P/B | 0.72 | 0.84 | 0.77 | 0.83 | 1.66 | 1.00 | 1.26 | 1.73 | 1.80 | 1.50 | |||||
| EV/Sales | 0.78 | 0.97 | 0.77 | 0.75 | 1.63 | 1.00 | 1.54 | 1.92 | 1.94 | 1.52 | |||||
| EV/FCF | 12.43 | 16.47 | 16.91 | 17.76 | 17.56 | 12.12 | 26.50 | 29.29 | 28.78 | 16.94 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 494 | 757 | 928 | 780 | 1,237 | 1,354 | 777 | 897 | 978 | 1,237 | ||||
| Capex | 15 | (226) | (469) | (402) | (366) | (493) | (310) | (357) | (407) | (426) | |||||
| Free cash flow | 509 | 531 | 459 | 378 | 871 | 861 | 467 | 540 | 571 | 811 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,363 | 1,099 | 710 | 779 | 1,222 | 574 | 888 | 1,317 | 2,203 | 1,721 | ||||
| Total debt | 379 | 1,952 | 1,453 | 1,259 | 2,313 | 3,069 | 2,967 | 2,102 | 1,962 | 1,989 | |||||
| Net debt | (1,637) | (82) | (190) | (258) | 77 | 1,247 | 1,134 | 230 | (441) | (106) | |||||
| Shareholders’ equity | 11,093 | 10,477 | 10,311 | 8,389 | 9,146 | 9,143 | 8,945 | 9,011 | 9,389 | 9,236 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (4.93) | (9.81) | 0.97 | (8.47) | 2.13 | 3.67 | 0.87 | 1.58 | 7.33 | 3.69 | ||||
| ROIC | 2.86 | 3.60 | 3.61 | 2.84 | 4.02 | 5.90 | 4.18 | 5.42 | 6.68 | 7.82 | |||||
| ROE | (6.48) | (14.07) | 1.49 | (13.57) | 3.76 | 6.81 | 1.65 | 2.96 | 12.83 | 6.15 | |||||
Negative figures in brackets.
Fiscal years to Jun 2026 · latest quarter Jun 2026
Charts ten years each
News Corporation vs peers in Entertainment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FOXA Fox Corporation | $25.5B | 16.7× | 12.1× | +28.14% (above 0%: growing) | +2.55% (above 0%: growing) | −47.92% (below 0%: shrinking) | 43.49% | 25.74% | Compare |
| FOX Fox Corporation | $25.4B | 14.9× | 12.1× | +28.14% (above 0%: growing) | +2.55% (above 0%: growing) | −47.92% (below 0%: shrinking) | 43.49% | 25.74% | Compare |
| ROKU Roku, Inc. | $23.0B | 64.4× | 50.8× | +21.93% (above 0%: growing) | +1,485.71% (above 0%: growing) | +158.61% (above 0%: growing) | 49.73% | 10.79% | Compare |
| FWONA Liberty Media Corporation - Liberty Formula One Series A | $22.7B | 80.0× | — | +24.06% (above 0%: growing) | −98.69% (below 0%: shrinking) | +35.16% (above 0%: growing) | 20.97% | 0.00% | Compare |
| FWONK Liberty Media Corporation - Liberty Formula One Series C | $22.6B | 87.3× | 89.9× | +24.06% (above 0%: growing) | −98.69% (below 0%: shrinking) | +35.16% (above 0%: growing) | 20.97% | 0.00% | Compare |
| NWSA News Corporation | $16.9B | 29.2× | 21.9× | +10.81% (above 0%: growing) | −74.81% (below 0%: shrinking) | +759.38% (above 0%: growing) | 57.60% | 12.62% | |
| NWS News Corporation | $16.8B | 31.9× | — | +10.81% (above 0%: growing) | −74.81% (below 0%: shrinking) | +759.38% (above 0%: growing) | 57.60% | 12.62% | Compare |
| WMG Warner Music Group Corp. | $16.1B | 24.5× | 21.1× | +10.36% (above 0%: growing) | n/m | +1,528.57% (above 0%: growing) | 45.82% | 16.36% | Compare |
| MSGS The Madison Square Garden Company | $9.7B | 1,273× | — (loss-making) | +36.67% (above 0%: growing) | n/m | +16.75% (above 0%: growing) | 42.77% | 11.53% | Compare |
| Median of peers | $22.6B | 48.2× | 21.1× | +24.06% | −36.13% | +35.16% | 43.49% | 12.08% |
NWSA metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
News Corporation (NWSA) key facts
- Strength: News Corporation’s revenue for fiscal 2026 (year ended June 2026) was $9.0 billion, up 6.81% from fiscal 2025.
- News Corporation (NWSA) is an Entertainment company in the Communication Services sector, listed on Nasdaq.
- As of October 16, 2026, NWSA traded at $30.03, a market capitalization of $16.9 billion.
- News Corporation pays an annual dividend of $0.20 per share, a yield of 0.67%, with a payout ratio of 19.4%.
- Return on equity was 6.15% and debt-to-equity 0.22.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.24 (grey zone) for fiscal 2026.