NWS Financials News Corp (Class B)

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 41 d ago Overview →

Growth & profitability

Revenue has declined 0.7% per year over the past 5 years.
Net income has grown faster than revenue (11.7% vs -0.7% per year).
Free cash flow has grown 6.0% per year over the past 5 years.

Financial health

The company holds more cash ($2.1B) than total debt ($2.0B).
Total debt has grown in line with revenue (-3.0% vs -0.7% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 35.6% of earnings and 25.2% of free cash flow.
The dividend has grown 4.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$9.0B	$573M	0.0%	0.0%	6.7%	3.7%	$811M	$2.0B	$2.1B
2025	$8.5B	$1.2B	0.0%	0.0%	13.4%	7.6%	$571M	$2.0B	$2.4B
2024	$8.3B	$266M	0.0%	0.0%	3.3%	1.6%	$540M	$2.1B	$1.9B
2023	$8.0B	$149M	0.0%	0.0%	1.8%	0.9%	$430M	$2.2B	$1.8B
2022	$8.4B	$623M	0.0%	0.0%	7.6%	3.6%	$643M	$3.1B	$1.8B
2021	$9.4B	$330M	0.0%	0.0%	4.0%	2.0%	—	$2.3B	$2.2B
2020	$9.0B	-$1.3B	0.0%	0.0%	-16.7%	-8.9%	—	$1.3B	$1.5B
2019	$10.1B	$155M	0.0%	0.0%	1.7%	1.0%	$356M	$1.5B	$1.6B
2018	$9.0B	-$1.5B	0.0%	0.0%	-16.3%	-9.3%	$393M	$2.0B	$2.0B
2017	$8.1B	-$738M	0.0%	0.0%	-6.8%	-5.1%	$243M	$379M	$2.0B
2016	$8.3B	$179M	0.0%	0.0%	1.5%	1.2%	$696M	$372M	$1.8B
2015	—	-$147M	—	—	-1.2%	-1.0%	$680M	$0	$2.0B
2014	—	$239M	—	—	1.8%	1.4%	$671M	—	$3.1B
2013	—	$506M	—	—	4.0%	3.2%	$169M	—	$2.4B
2012	—	-$2.1B	—	—	—	—	$476M	—	$1.1B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$2.3B	$179M	0.0%	0.0%	2.1%	1.2%	$276M	$2.0B	$2.1B
Mar '26	$2.2B	$89M	0.0%	0.0%	1.0%	0.6%	$399M	$2.0B	$2.2B
Dec '25	$2.4B	$193M	0.0%	0.0%	2.2%	1.2%	$132M	$2.0B	$2.1B
Sep '25	$2.1B	$112M	0.0%	0.0%	1.3%	0.7%	$4M	$2.0B	$2.2B
Jun '25	$2.1B	$743M	0.0%	0.0%	8.5%	4.8%	$32M	$2.0B	$2.4B
Mar '25	$2.0B	$103M	0.0%	0.0%	1.3%	0.6%	$418M	$2.0B	$2.1B
Dec '24	$2.2B	$215M	0.0%	0.0%	2.6%	1.3%	$170M	$2.0B	$1.8B
Sep '24	$2.1B	$119M	0.0%	0.0%	1.4%	0.7%	-$49M	$2.9B	$1.8B
Jun '24	$2.1B	$50M	0.0%	0.0%	0.6%	0.3%	$65M	$2.1B	$1.9B
Mar '24	$2.0B	$30M	0.0%	0.0%	0.4%	0.2%	$378M	$2.9B	$1.9B
Dec '23	$2.1B	$156M	0.0%	0.0%	1.9%	0.9%	—	$3.0B	$1.7B
Sep '23	$2.5B	$30M	0.0%	0.0%	0.4%	0.2%	—	$3.0B	$1.5B
Jun '23	$2.4B	-$8M	0.0%	0.0%	-0.1%	-0.0%	—	$2.2B	$1.8B
Mar '23	$2.4B	$50M	0.0%	0.0%	0.6%	0.3%	—	$3.0B	$1.7B
Dec '22	$2.5B	$67M	0.0%	0.0%	0.8%	0.4%	—	$3.0B	$1.3B
Sep '22	$2.5B	$40M	0.0%	0.0%	0.5%	0.2%	—	$3.0B	$1.5B
Jun '22	$2.7B	$110M	0.0%	0.0%	1.3%	0.6%	—	$3.1B	$1.8B
Mar '22	$2.5B	$82M	0.0%	0.0%	1.0%	0.5%	—	$2.8B	$1.9B
Dec '21	$2.7B	$235M	0.0%	0.0%	2.8%	1.4%	—	$2.3B	$2.2B
Sep '21	$2.5B	$196M	0.0%	0.0%	2.4%	1.2%	—	$2.3B	$2.1B

Valuation over time

How the market has priced NWS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 15.6× (Mar '23) to 33.8× (Sep '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.1× (Sep '26).
The dividend yield has fallen from 1.8% (Mar '23) to 1.1% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is NWS growing its revenue and profit?

Over the past 5 years, News Corp (Class B)'s revenue has declined 0.7% per year, and net income grown 11.7% per year. These are computed facts, not advice.

How much debt does NWS have?

As of FY2026, News Corp (Class B) reported $2.0B of total debt against $2.1B of cash.

What is NWS's profit margin?

In FY2026, gross margin was —, operating margin —, and net margin 6.3%.

What is NWS's P/E ratio?

As of Sep '26, News Corp (Class B) traded at a price-to-earnings ratio of about 33.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.