Fox Corp Class B (FOX)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,061,000 | 2,104,000 | 1,736,000 | 1,694,000 | 2,918,000 |
| Revenue | US$ in thousands | 16,300,000 | 13,980,000 | 14,913,000 | 13,974,000 | 12,909,000 |
| Pretax margin | 18.78% | 15.05% | 11.64% | 12.12% | 22.60% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $3,061,000K ÷ $16,300,000K
= 18.78%
The pretax margin of Fox Corp Class B has exhibited notable fluctuations over the period from June 30, 2021, to June 30, 2025. At the end of fiscal year 2021, the pretax margin stood at 22.60%, indicating a relatively high level of profitability before taxes. However, this margin declined significantly in the subsequent year, reaching 12.12% as of June 30, 2022, reflecting a substantial reduction in pretax profitability. The decline persisted into 2023, with the margin slightly decreasing further to 11.64%, suggesting sustained pressures on operating or non-operating incomes relative to revenues.
Starting from the nadir in 2023, the pretax margin demonstrated signs of recovery. By June 30, 2024, it increased to 15.05%, indicating an improvement in profitability margins before taxation. This upward trend continued into the 2025 fiscal year, with the margin reaching 18.78%, approaching closer to the levels observed at the beginning of the period.
Overall, the data indicates a period of decline in pretax profitability from 2021 through early 2023, likely attributable to changes in revenue streams, costs, or other factors affecting earnings before taxes. The subsequent upward trajectory suggests a potential stabilization or improvement in operational conditions, although the pretax margin in 2025 remains below the peak levels observed in 2021.
Peer comparison
Jun 30, 2025