FOX · 10-K · 2026A · Full report

Income Tax Rate Changes

Fox Corp (FOX, FOXA) · 2026-08-06 · Importance 36 · Surprise 30

FOX’s effective tax rate decreased to 24% in fiscal 2026 from 25% in fiscal 2025. Income tax expense declined $217 million, or 28%, to $551 million from $768 million, primarily reflecting lower pretax income. Both years’ tax provisions exceeded the 21% statutory rate because of state taxes and other permanent items. Net income attributable to FOX stockholders declined $578 million, or 26%, to $1.685 billion.

Key facts

• Income tax expense for fiscal 2026 was $551 million and the Company’s effective tax rate was 24% for fiscal 2026 and 25% for fiscal 2025. source