Fox Corp Class A (FOXA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,061,000 | 2,553,000 | 3,040,000 | 2,656,000 | 2,104,000 | 2,158,000 | 1,146,000 | 1,452,000 | 1,736,000 | 1,678,000 | 2,119,000 | 1,587,000 | 1,694,000 | 1,604,000 | 1,992,000 | 2,391,000 | 2,918,000 | 2,761,000 | 2,128,000 | 2,243,000 |
| 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 |
| Pretax margin | 18.78% | 15.85% | 20.03% | 18.53% | 15.05% | 15.50% | 7.87% | 9.73% | 11.64% | 11.25% | 14.83% | 11.24% | 12.12% | 11.60% | 14.66% | 18.06% | 22.60% | 22.20% | 16.81% | 18.16% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,061,000K ÷ $16,300,000K
= 18.78%
The pretax margin for Fox Corp Class A exhibited notable fluctuations over the period analyzed. Initially, as of September 30, 2020, it stood at 18.16%, indicating a relatively healthy profit before taxes relative to revenue. This margin decreased slightly by December 31, 2020, to 16.81%. During the subsequent quarter ending March 31, 2021, the pretax margin increased significantly to 22.20%, reaching its highest point within the recorded timeframe. It maintained a similar level in June 2021 at 22.60%. However, from September 2021 onward, a downward trend emerged, with margins decreasing to 18.06% in September 2021, followed by a more pronounced decline to 14.66% in December 2021, and continuing downward into March 2022 at 11.60%. The margin slightly increased in June 2022 to 12.12%, then declined again to 11.24% by September 2022, before reverting to around 14.83% in December 2022.
Throughout 2023, the pretax margin generally trended downward, reaching 11.25% in March and 11.64% in June, followed by a further decline to 9.73% in September. The lowest level within this period was observed at 7.87% in December 2023. However, in the early months of 2024, the margin showed signs of recovery, ascending to 15.50% in March and 15.05% in June, with a notable increase to 18.53% in September. This upward trend continued into the last quarter analyzed, with margins reaching 20.03% in December 2024 and remaining relatively high at 15.85% in March 2025, and further improving to 18.78% in June 2025.
Overall, the pretax margin demonstrated periods of volatility, characterized by significant peaks and troughs. The initial phase showed strong resilience, but from late 2021 onward, a declining trend persisted until early 2024, when there was a marked improvement. This variation suggests changes in operational efficiency, cost management, or revenue mix over time, impacting profitability before taxes.
Peer comparison
Jun 30, 2025