Fox Corp Class B (FOX)

Operating profit margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating income	US$ in thousands	3,229,000	2,478,000	2,764,000	2,065,000	3,348,000
Revenue	US$ in thousands	16,300,000	13,980,000	14,913,000	13,974,000	12,909,000
Operating profit margin		19.81%	17.73%	18.53%	14.78%	25.94%

June 30, 2025 calculation

Operating profit margin = Operating income ÷ Revenue
= $3,229,000K ÷ $16,300,000K
= 19.81%

The operating profit margin of Fox Corp Class B has exhibited fluctuations over the four-year period from June 30, 2021, to June 30, 2025. In the fiscal year ending June 30, 2021, the operating profit margin was relatively high at 25.94%, indicating a strong ability to generate profit from core operations relative to revenue. However, this margin declined significantly in the subsequent year, reaching 14.78% as of June 30, 2022, which suggests a contraction in operational efficiency or increased operating expenses relative to revenue during that period.

Following the decline, a gradual improvement was observed in the fiscal year ending June 30, 2023, with the operating profit margin increasing to 18.53%. This suggests some recovery or cost management efficiencies were implemented post-2022. The margin then experienced a slight decrease to 17.73% by June 30, 2024, indicating a modest setback or increased operating costs again impacting profitability.

By June 30, 2025, the operating profit margin is projected to rise to 19.81%, indicating a positive trend and a potential stabilization or improvement in operational profitability. Overall, the data reflect significant volatility within this period, with the margin experiencing a substantial drop after 2021, followed by a gradual recovery. This pattern may be attributable to external market conditions, internal strategic changes, or shifts in revenue streams and cost structures impacting core profitability.