Fox Corp Class A (FOXA)

Gross 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
Gross profit (ttm)	US$ in thousands	11,569,000	11,421,000	12,032,000	12,354,000	12,342,000	12,531,000	11,923,000	11,814,000	11,691,000	11,914,000	11,827,000	11,619,000	11,391,000	10,477,000	10,696,000	10,411,000	10,441,000	10,978,000	10,403,000	10,316,000
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
Gross profit margin		82.67%	81.96%	82.57%	82.61%	82.76%	83.45%	83.08%	83.49%	83.66%	87.95%	88.28%	88.42%	88.24%	84.24%	84.47%	84.28%	84.87%	88.55%	88.84%	89.59%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,569,000K ÷ $13,995,000K
= 82.67%

Over the past few quarters, Fox Corp Class A has maintained a consistently high gross profit margin, ranging from 81.96% to 88.84%. The gross profit margin peaked in the first quarter of 2022 at 88.84% and has since fluctuated within a relatively narrow range. This indicates that the company has been effectively managing its costs and generating healthy profits from its core operations. The downward trend observed in the most recent quarters could be a reflection of various factors such as changes in pricing strategies, cost structures, or shifts in the sales mix. Overall, a gross profit margin above 80% suggests that Fox Corp Class A is efficiently converting its revenue into gross profit, which is a positive indicator of its financial health and operational efficiency.