Fox Corp Class A (FOXA)

Return on equity (ROE)

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Net income US$ in thousands 2,263,000 1,501,000 1,239,000 1,205,000 2,150,000
Total stockholders’ equity US$ in thousands 11,962,000 10,714,000 10,378,000 11,339,000 11,123,000
ROE 18.92% 14.01% 11.94% 10.63% 19.33%

June 30, 2025 calculation

ROE = Net income ÷ Total stockholders’ equity
= $2,263,000K ÷ $11,962,000K
= 18.92%

The return on equity (ROE) for Fox Corp Class A has exhibited notable fluctuations over the period from June 30, 2021, to June 30, 2025. Specifically, the ROE declined markedly from 19.33% in 2021 to 10.63% in 2022, indicating a reduction in the company's efficiency in generating profits from shareholders’ equity during that interval. This decline may reflect increased operational challenges, reduced profitability, or efficiency issues faced by the company in the post-2021 period.

Subsequently, the ROE experienced a modest recovery, reaching approximately 11.94% as of June 30, 2023. This improvement suggests some stabilization or operational adjustments that helped to somewhat restore the company's ability to generate earnings on shareholders' equity. Continuing this trend, the ROE further increased to 14.01% by June 30, 2024, indicating ongoing improvements in profitability and operational efficiency.

The upward trajectory persisted, culminating in an ROE of 18.92% as of June 30, 2025. This value approaches the pre-2022 levels and suggests that Fox Corp Class A has potentially regained or improved its capacity to generate profits efficiently relative to shareholders’ equity. Overall, the data indicates a period of significant volatility in ROE, with a notable trough in 2022 followed by a steady recovery, reflecting changes in operational performance, market conditions, or strategic adjustments over the specified period.