FOX · 10-Q · 2026Q3 · Full report

Net Income and EPS Performance

Fox Corp (FOX, FOXA) · 2026-11-02 · Importance 63 · Surprise 64 · In source text

Net income increased $348 million, or 57%, for the three months ended September 30, 2026, compared with the prior-year quarter. The increase was primarily due to higher Segment EBITDA, partly offset by changes in the fair value of equity investments and amortization of FCC licenses. The company reported $1.641 billion of Adjusted EBITDA, up from $1.065 billion in the prior-year quarter. FCC-license amortization began July 1, 2026, following a reassessment of the licenses’ useful lives.

Key facts

• Fox net income increased $348 million, or 57%, for the three months ended September 30, 2026, primarily due to higher Segment EBITDA, partly offset by changes in fair value of equity investments and FCC license amortization. source
• Fox's effective tax rate was 25% for the three months ended September 30, 2026, above the 21% statutory rate primarily due to state taxes and a valuation allowance against capital losses on investments. source
• Fox's effective tax rate was 24% for the three months ended September 30, 2025, above the 21% statutory rate primarily due to state taxes, partly offset by other permanent items. source

Impact estimates