Fox Corp Class B (FOX)

Net profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	1,501,000	1,557,000	837,000	1,041,000	1,239,000	1,170,000	1,507,000	1,109,000	1,205,000	3,789,000	4,073,000	4,382,000	4,787,000	3,431,000	2,942,000	3,018,000	2,411,000	3,390,000	3,841,000	3,549,000
Revenue (ttm)	US$ in thousands	13,995,000	13,934,000	14,571,000	14,954,000	14,913,000	15,016,000	14,351,000	14,150,000	13,974,000	13,546,000	13,397,000	13,140,000	12,909,000	12,437,000	12,662,000	12,353,000	12,303,000	12,398,000	11,710,000	11,515,000
Net profit margin		10.73%	11.17%	5.74%	6.96%	8.31%	7.79%	10.50%	7.84%	8.62%	27.97%	30.40%	33.35%	37.08%	27.59%	23.23%	24.43%	19.60%	27.34%	32.80%	30.82%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,501,000K ÷ $13,995,000K
= 10.73%

Fox Corp Class B's net profit margin has shown fluctuations over the past quarters, ranging from a low of 5.74% in December 2023 to a high of 37.08% in September 2021. The company's ability to convert revenue into profit varied during this period, reflecting changes in its operational efficiency and cost management. Notably, the net profit margin saw a significant decline from levels above 30% in early 2022 to around 10% in the most recent quarter, June 30, 2024. This decrease may indicate increased expenses or lower revenue relative to the previous quarters. Further analysis is recommended to understand the factors driving these fluctuations and evaluate the company's overall profitability trend.