Fox Corp Class A (FOXA)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 13,013,000 | 16,105,000 | 15,181,000 | 14,337,000 | 13,980,000 | 12,039,000 | 9,843,000 | 6,583,000 | 4,813,000 | 4,881,000 | 4,829,000 | 4,536,000 | 4,494,000 | 4,443,000 | 4,496,000 | 4,556,000 | 4,710,000 | 4,773,000 | 4,900,000 | 4,846,000 |
| Revenue (ttm) | US$ in thousands | 16,300,000 | 16,105,000 | 15,181,000 | 14,337,000 | 13,980,000 | 13,920,000 | 14,557,000 | 14,928,000 | 14,913,000 | 14,914,000 | 14,285,000 | 14,121,000 | 13,974,000 | 13,831,000 | 13,591,000 | 13,237,000 | 12,909,000 | 12,437,000 | 12,662,000 | 12,353,000 |
| Gross profit margin | 79.83% | 100.00% | 100.00% | 100.00% | 100.00% | 86.49% | 67.62% | 44.10% | 32.27% | 32.73% | 33.80% | 32.12% | 32.16% | 32.12% | 33.08% | 34.42% | 36.49% | 38.38% | 38.70% | 39.23% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $13,013,000K ÷ $16,300,000K
= 79.83%
The gross profit margin of Fox Corp Class A demonstrates significant fluctuations over the analyzed period, indicating variability in the company's profitability relative to revenue. From September 30, 2020, through June 30, 2023, the gross profit margin hovered within a range of approximately 32.12% to 39.23%, reflecting a gradual decline from the initial high of 39.23% in September 2020 down to around 32.16% in June 2022, with a slight dip to 33.80% at the end of 2022. This downward trend suggests pressures on gross profitability, potentially due to increased cost of goods sold, competitive pricing strategies, or shifts in revenue mix.
A notable change occurs beginning in the third quarter of 2023, with the gross profit margin markedly increasing to 44.10%, followed by a dramatic rise to 67.62% at the close of the year. The subsequent quarters show an escalation to over 86% in March 2024 and reaching 100% in June 2024 and subsequent periods, indicating a substantial improvement in gross profitability. This sharp upward trajectory suggests significant changes in revenue composition, cost structure, or accounting adjustments that led to near-perfect gross profit margins.
However, in the latest data for June 2025, the gross profit margin declines to approximately 79.83%, reflecting a reduction from the peak but still substantially higher than historical averages. Overall, the trend indicates a period of profitability compression during 2020-2022, followed by an exceptional increase starting in late 2023, culminating in very high gross profit margins by mid-2024, which then moderate somewhat by mid-2025.
Peer comparison
Jun 30, 2025