Fox Corp Class A (FOXA)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	2,051,000	2,112,000	1,134,000	1,438,000	1,722,000	1,656,000	2,094,000	1,558,000	1,666,000	4,196,000	4,576,000	4,981,000	5,504,000	4,118,000	3,488,000	3,595,000	2,813,000	3,928,000	4,491,000	4,101,000
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
Pretax margin		14.66%	15.16%	7.78%	9.62%	11.55%	11.03%	14.59%	11.01%	11.92%	30.98%	34.16%	37.91%	42.64%	33.11%	27.55%	29.10%	22.86%	31.68%	38.35%	35.61%

June 30, 2024 calculation

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

The pretax margin for Fox Corp Class A has shown fluctuation over the periods provided. The company's pretax margin ranged from as low as 7.78% in December 2023 to as high as 42.64% in September 2021.

Overall, the pretax margin has displayed a general trend of variability, with some periods exhibiting strong profitability indicated by higher percentages, while others showing less profitability with lower percentages. It is essential to consider the factors driving these fluctuations, such as changes in revenue, operating expenses, and tax liabilities.

The downward trend in pretax margin from the peak in 2021 to the more recent data points may suggest a potential shift in the company's financial performance. Further analysis of the company's financial statements and external factors impacting its operations would be necessary to provide a more in-depth assessment of the reasons behind these fluctuations.