FOX · Earnings call · 2026Q2T · Full report
Capital Return Program
Fox Corp · 2026-08-06 · Importance 64 · Surprise 42 · In source text
FOX repurchased an additional $2 billion of shares during fiscal 2026 and distributed approximately $243 million in dividends.The company raised its semiannual dividend to $0.29 per share.FOX has returned $10.7 billion to shareholders since the spin, including $8.6 billion of share repurchases representing approximately 36% of shares outstanding since November 2019.Management said the buyback program would continue without interruption during the Roku transaction and afterward.
Key facts
- FOX has cumulatively returned $10.7 billion of capital to shareholders since the spin, including $8.6 billion of share repurchases representing approximately 36% of total shares outstanding since November 2019.
- FOX repurchased $8.6 billion of shares representing approximately 36% of total shares outstanding since the launch of the buyback program in November 2019 (part of the cumulative $10.7 billion returned).
- In fiscal 2026 FOX repurchased an additional $2 billion through its share buyback program and distributed approximately $243 million in dividend payments.
- FOX announced an increase in its semiannual dividend to $0.29 per share.
- Steve said the structure of the Roku deal gives FOX an incredible amount of capital allocation flexibility and that the buyback program should continue unabated through the pendency of the transaction and beyond.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | — | In fiscal 2026 FOX repurchased an additional $2 billion through its share buyback program and distributed approximately $243 million in… |
| cash | negative | realized | — | In fiscal 2026 FOX repurchased an additional $2 billion through its share buyback program and distributed approximately $243 million in… |
| liability | negative | committed | — | FOX announced an increase in its semiannual dividend to $0.29 per share. |
| cash | negative | probable | — | Steve said the structure of the Roku deal gives FOX an incredible amount of capital allocation flexibility and that the buyback program… |