FOX · 10-K · 2026A · Full report

Operating Cash Flow Trends

Fox Corp (FOX, FOXA) · 2026-08-06 · Importance 58 · Surprise 56

Net cash provided by operating activities declined $1.354 billion, or 41%, to $1.970 billion in fiscal 2026 from $3.324 billion in fiscal 2025. The decline reflected lower advertising receipts because Super Bowl LIX and the 2024 presidential and congressional elections were absent in fiscal 2026. FIFA Men’s World Cup receipts partly offset the decline, but higher sports programming payments further reduced operating cash flow. Net cash used in investing activities increased to $705 million from $537 million, primarily because of higher investments and capital expenditures.

Key facts

• Net cash provided by operating activities was $1,970 million in fiscal 2026 and $3,324 million in fiscal 2025. source
• Net cash used in investing activities was $(705) million in fiscal 2026 and $(537) million in fiscal 2025; the increase was primarily due to increased investments and capital expenditures, partially offset by decreased acquisitions. source