Fox Corp Class B (FOX)

Operating 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
Operating income (ttm)	US$ in thousands	398,000	315,000	246,000	378,000	604,000	827,000	825,000	659,000	654,000	3,144,000	3,384,000	3,523,000	3,725,000	2,369,000	2,385,000	2,366,000	2,132,000	3,111,000	3,065,000	3,353,000
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
Operating profit margin		2.84%	2.26%	1.69%	2.53%	4.05%	5.51%	5.75%	4.66%	4.68%	23.21%	25.26%	26.81%	28.86%	19.05%	18.84%	19.15%	17.33%	25.09%	26.17%	29.12%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $398,000K ÷ $13,995,000K
= 2.84%

The operating profit margin for Fox Corp Class B has displayed fluctuations over the period in question. The trend shows that the operating profit margin was relatively high in the early periods, notably in March 2022 and December 2021 where it reached 25.26% and 26.81%, respectively. However, there has been a decline in the operating profit margin in recent periods, with the lowest being in December 2023 at 1.69%.

Overall, the operating profit margin of Fox Corp Class B has shown variability, which may indicate changes in the company's cost structure, revenue generation, or efficiency of operations. Further analysis would be needed to determine the specific factors driving these fluctuations and to assess the company's profitability performance in more detail.