Fox Corp Class B (FOX)

Net profit margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net income	US$ in thousands	2,263,000	1,501,000	1,239,000	1,205,000	2,150,000
Revenue	US$ in thousands	16,300,000	13,980,000	14,913,000	13,974,000	12,909,000
Net profit margin		13.88%	10.74%	8.31%	8.62%	16.66%

June 30, 2025 calculation

Net profit margin = Net income ÷ Revenue
= $2,263,000K ÷ $16,300,000K
= 13.88%

The net profit margin of Fox Corp Class B has exhibited notable fluctuations over the observed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the net profit margin stood at approximately 16.66%, indicating a relatively high level of profitability relative to revenue. However, by June 30, 2022, the margin declined significantly to around 8.62%, nearly halving the previous year's figure. This downward trend persisted into June 30, 2023, with the margin slightly decreasing further to approximately 8.31%.

Towards the end of the forecast horizon, there is evidence of a recovery in profitability margins. By June 30, 2024, the net profit margin increased to approximately 10.74%, suggesting an improvement in the company's ability to convert revenue into net earnings. The upward trajectory continued into June 30, 2025, with the margin reaching roughly 13.88%, approaching levels closer to the initial figure seen in 2021, but still below it.

Overall, the data indicates that Fox Corp Class B experienced a significant decline in net profitability between 2021 and 2023, followed by a gradual recovery through 2024 and into 2025. This pattern may reflect underlying changes in operational efficiency, cost management, revenue streams, or external economic factors influencing profitability.