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News

NWSA Nasdaq Publishing Financials FY2017–FY2026

News' revenue rose 6.8% to $9.0 billion in fiscal 2026. Its net margin was 6.3%, down from 14.0% a year earlier. Free cash flow was $811 million, up 42.0%. It paid out $845 million in dividends and buybacks, 104% of free cash flow. The diluted share count fell 2.0%.

Last close · Oct 23, 2026

$30.74

1.1%
Value it Compare
Revenue Total sales reported in the income statement.
$9.0B
6.8% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$573M
51.4%
Free cash flow Cash from operations minus capital spending.
$811M
42.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
8.9%
1.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$17.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
29.8x

What News does

News Corp is a media and information company. It owns The Wall Street Journal, Barron's and other Dow Jones news and data products, the HarperCollins book publisher, newspapers such as The Times, The Sun and The Australian, the property sites realestate.com.au and Realtor.com, and the radio brand talkSPORT. It operates mainly in the United States, Australia and the United Kingdom.

The company says its revenue comes from subscriptions, circulation sales, advertising, sales of real estate listing products, licensing fees and other consumer product sales. It reports five segments: Dow Jones, Digital Real Estate Services, Book Publishing, News Media and Other, which holds corporate costs and costs of the U.K. newspaper legal matters. At Dow Jones, digital products made up 84% of segment revenues in fiscal 2026. News Corp also licenses its content to technology companies and AI platforms.

As of June 30, 2026, it had approximately 21,700 employees: about 7,900 in the United States, 3,900 in the United Kingdom and 5,600 in Australia.

Legal name
NEWS CORPORATION
Fiscal year ends
June 30, 2026
Latest annual report
10-K · Aug 7, 2026
Accession · CIK
0001564708-26-000175
0001564708

Revenue and margins

News had $9.0B of revenue in fiscal 2026, up 6.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $811M in fiscal 2026, 9.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

News returned $845M to shareholders in fiscal 2026, 104% of free cash flow. The diluted share count fell 2.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value News yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $106M and divides by 558.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 29.8x · peers 20.8x · sector 17.1x.

Balance sheet

Cash, debt and the ratios that show how comfortably News can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $1.8B$1.8B$1.9B$2.4B$2.1B
Debt incl. finance leases $3.1B$3.0B$2.1B$2.0B$2.0B
Net debt / EBITDA 0.8x1.5x0.2x−0.3x−0.1x
Debt / equity 0.4x0.4x0.3x0.2x0.2x
Interest coverage 9.5x7.2x7.0x10.9x12.6x
Current ratio 1.2x1.3x1.4x1.8x1.6x
Quick ratio 1.1x1.2x1.3x1.7x1.5x
Total assets $17.2B$16.9B$16.7B$15.5B$15.5B
Total liabilities $8.1B$8.0B$7.7B$6.1B$6.3B
Shareholders' equity $8.2B$8.1B$8.1B$8.8B$8.5B
Net debt (− = net cash) $1.3B$1.2B$253M−$441M−$106M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$3.2M

5 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 17, 2026 David B PitofskyGeneral Counsel Sold 51,423 $28.76 $1.5M Form 4
Aug 17, 2026 Julian DelanyChief Technology Officer Sold 1,747 $28.72 $0.1M Form 4
Aug 17, 2026 Lavanya ChandrashekarChief Financial Officer Sold 17,785 $28.67 $0.5M Form 4
Aug 17, 2026 Marygrace DeGrazioChief Accounting Officer Sold 18,303 $28.76 $0.5M Form 4
Aug 17, 2026 Ruth AllenChief Human Resources Officer Sold 21,521 $28.99 $0.6M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✕
Cash from operations exceeds net income ✓ ✕ ✓
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose ✓ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score 8 / 87 / 85 / 8
Accruals ratio −5.0%1.3%−4.3%
Altman Z'' 1.662.832.69

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
News NWSA $17.2B 6.8% — 9.0% 8.9% 29.8x 5
New York Times NYT $11.3B 9.2% 15.3% 19.5% 23.8% 29.0x 7 Compare →
John Wiley & Sons WLY $2.7B −0.1% 16.5% 12.5% 19.0% 14.5x 8 Compare →
Scholastic SCHL $728M −2.7% 1.0% 0.2% 1.1% 27.1x 7 Compare →
SiriusXM SIRI $9.4B −1.6% 17.2% 14.6% 5.3% 11.1x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $8.1B $9.0B $10.1B $9.0B $9.4B $10.4B $8.0B $8.3B $8.5B $9.0B
Interest expense $12.0M $29.0M $82.0M $61.0M $55.0M $96.0M $61.0M $97.0M $93.0M $90.0M
Pretax income −$615M −$1.1B $354M −$1.5B $450M $812M $380M $585M $923M $1.0B
Income tax $28.0M $355M $126M $21.0M $61.0M $52.0M $152M $206M $275M $303M
Net income −$738M −$1.5B $155M −$1.3B $330M $623M $149M $266M $1.2B $573M
Diluted EPS −$1.27 −$2.60 $0.26 −$2.16 $0.56 $1.05 $0.26 $0.46 $2.07 $1.03
Diluted shares 0.58B 0.58B 0.59B 0.59B 0.59B 0.59B 0.58B 0.57B 0.57B 0.56B
Cash flow
Cash from operations $494M $757M $928M $780M $1.2B $1.4B $1.1B $1.1B $978M $1.2B
Capital expenditure $256M $364M $572M $438M $390M $499M $347M $357M $407M $426M
Free cash flow $238M $393M $356M $342M $847M $855M $745M $741M $571M $811M
Depreciation and amortization $449M $472M $659M $644M $680M $688M $415M $440M $459M $485M
Stock-based compensation $38.0M $76.0M $73.0M $69.0M $128M $59.0M $87.0M $91.0M $84.0M $77.0M
Acquisitions $347M $77.0M $188M $32.0M $886M $1.5B $17.0M $38.0M $96.0M $122M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $179M $243M $117M $150M $641M
Dividends paid $152M $158M $161M $158M $163M $175M $174M $172M $185M $204M
Dividends and buybacks $152M $158M $161M $158M $163M $354M $417M $289M $335M $845M
Balance sheet
Cash and short-term investments $2.0B $2.0B $1.6B $1.5B $2.2B $1.8B $1.8B $1.9B $2.4B $2.1B
Total debt $379M $2.0B $1.5B $1.3B $2.3B $3.1B $3.0B $2.1B $2.0B $2.0B
Finance lease liabilities $0.0M $0.0M $0.0M $118M $100M $67.0M $42.0M $23.0M $0.0M $0.0M
Current assets $3.8B $4.4B $4.1B $3.5B $4.5B $4.1B $4.1B $4.4B $4.8B $4.5B
Current liabilities $2.5B $3.3B $3.3B $2.7B $3.2B $3.5B $3.2B $3.1B $2.6B $2.8B
Inventory $208M $376M $348M $348M $253M $311M $311M $266M $327M $302M
Property and equipment, net $1.6B $2.6B $2.6B $2.3B $2.3B $2.1B $2.0B $1.3B $1.3B $1.4B
Total assets $14.6B $16.3B $15.7B $14.3B $16.8B $17.2B $16.9B $16.7B $15.5B $15.5B
Total liabilities $3.5B $5.9B $5.4B $5.9B $7.6B $8.1B $8.0B $7.7B $6.1B $6.3B
Shareholders' equity $10.8B $9.3B $9.1B $7.6B $8.2B $8.2B $8.1B $8.1B $8.8B $8.5B
Margins
EBITDA margin −1.9% −6.5% 10.9% −9.1% 12.7% 15.4% 10.7% 13.6% 17.5% 18.0%
Net margin −9.1% −16.8% 1.5% −14.1% 3.5% 6.0% 1.9% 3.2% 14.0% 6.4%
FCF margin 2.9% 4.4% 3.5% 3.8% 9.1% 8.2% 9.3% 9.0% 6.8% 9.0%
Returns
Return on capital −4.8% −8.5% 2.7% −12.6% 5.0% 8.6% 2.6% 4.5% 7.8% 8.9%
Return on capital employed −4.8% −8.4% 3.4% −12.2% 4.0% 6.7% 3.2% 5.0% 7.7% 8.9%
Return on equity −6.6% −15.1% 1.7% −15.2% 4.2% 7.6% 1.8% 3.3% 14.0% 6.6%
Return on assets −4.9% −9.8% 1.0% −8.5% 2.1% 3.7% 0.9% 1.6% 7.3% 3.7%
Growth
Revenue growth −1.9% 10.9% 11.6% −10.6% 3.9% 11.0% −22.9% 3.0% 2.4% 6.8%
Net income growth −512.3% — — −918.7% — 88.8% −76.1% 78.5% 343.6% −51.4%
EPS growth −523.3% — — −930.8% — 87.5% −75.2% 76.9% 350.0% −50.2%
FCF growth −61.7% 65.1% −9.4% −3.9% 147.7% 0.9% −12.9% −0.5% −22.9% 42.0%
Share count change −0.2% 0.2% 0.9% 0.0% 0.9% −0.2% −2.3% −0.9% −0.6% −2.0%
Financial health
Net debt / EBITDA — — −0.2x — 0.2x 0.8x 1.5x 0.2x −0.3x −0.1x
Debt / equity 0.0x 0.2x 0.2x 0.2x 0.3x 0.4x 0.4x 0.3x 0.2x 0.2x
Interest coverage −50.3x −36.6x 5.3x −24.0x 9.2x 9.5x 7.2x 7.0x 10.9x 12.6x
Current ratio 1.6x 1.3x 1.2x 1.3x 1.4x 1.2x 1.3x 1.4x 1.8x 1.6x
Quick ratio 1.5x 1.2x 1.1x 1.2x 1.3x 1.1x 1.2x 1.3x 1.7x 1.5x
Capital allocation
Capex / revenue 3.2% 4.0% 5.7% 4.9% 4.2% 4.8% 4.3% 4.3% 4.8% 4.7%
Stock comp / revenue 0.5% 0.8% 0.7% 0.8% 1.4% 0.6% 1.1% 1.1% 1.0% 0.9%
Payouts / FCF 63.9% 40.2% 45.2% 46.2% 19.2% 41.4% 56.0% 39.0% 58.7% 104.2%
Quality scores
Piotroski F-score 3.0 3.0 5.0 5.0 6.0 5.0 6.0 8.0 7.0 5.0
Altman Z'' 3.5 1.5 2.1 0.4 1.4 1.3 1.3 1.7 2.8 2.7
Accruals ratio −8.2% −14.7% −4.8% −13.7% −5.9% −4.3% −5.5% −5.0% 1.3% −4.3%

Source: SEC EDGAR XBRL filings (CIK 0001564708). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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