FOX · 8-K · 20260806PR053892

Income Tax Rate Changes

Fox Corp · 2026-08-06 · Importance 48 · Surprise 30

Fourth-quarter income tax expense declined to $225 million from $240 million despite pretax income of $921 million versus $959 million. Full-year income tax expense declined to $551 million from $768 million as pretax income declined to $2.28 billion from $3.06 billion. The implied full-year effective tax rate was approximately 24.2% in fiscal 2026 versus 25.1% in fiscal 2025. The adjusted full-year earnings reconciliation included a $229 million tax provision adjustment in 2026 versus a $27 million adjustment in 2025.