Fox Corp Class A (FOXA)

Pretax margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	2,051,000	1,722,000	1,666,000	2,867,000	1,401,000
Revenue	US$ in thousands	13,995,000	14,913,000	13,974,000	12,909,000	12,303,000
Pretax margin		14.66%	11.55%	11.92%	22.21%	11.39%

June 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $2,051,000K ÷ $13,995,000K
= 14.66%

The pretax margin for Fox Corp Class A has shown varying trends over the past five years. In the most recent fiscal year ending on June 30, 2024, the pretax margin was 14.66%, indicating that the company generated $0.1466 in pretax profits for every dollar of revenue. This represents an increase from the previous year's pretax margin of 11.55%.

Comparing the pretax margin to two years prior, in June 30, 2022, we observe a slight decrease from 11.92% to 11.66%. However, it is important to note that the pretax margin in June 30, 2022, was higher than the year before, in June 30, 2021, when it stood at 22.21%. This significant drop in pretax margin in 2021 may have been influenced by specific factors impacting the company's profitability during that period.

Looking further back to June 30, 2020, we see a pretax margin of 11.39%, which is relatively consistent with the margins observed in the more recent years but lower than the most recent pretax margin of 14.66%.

Overall, the pretax margin for Fox Corp Class A has fluctuated over the past five years, experiencing both increases and decreases. It is essential for stakeholders to closely monitor these fluctuations and understand the underlying factors influencing the company's profitability to make informed decisions regarding its financial performance.