News Corp (Class B) (NWS): financials, SEC filings and peers
News Corp (Class B) (NWS) is a publishing company in the Communication Services sector of the S&P 500, headquartered in New York City, New York.
It was founded in 2013 and joined the S&P 500 on September 18, 2015.
Its fiscal year ends in June, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Newspapers: Publishing or Publishing & Printing”.
News Corp (Class B) at a glance
- Revenue (12 months)
- $9.2B
- Revenue growth
- +7.8%
- Operating margin
- 12.3%
- Net income (12 months)
- $620M
- Free cash flow (12 months)
- $718M
- Cash
- $1.8B
- Debt
- $2.0B
- Diluted EPS (12 months)
- $1.12
Twelve months to September 30, 2026, from the 10-Q filed November 5, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, News Corp (Class B) reported revenue of $9.2 billion, about the same as a year earlier (+7.8%).
Its operating margin was 12.3%, up 1.4 percentage points from a year earlier: for every $100 of sales, about $12 was left as operating profit.
Net income was $620 million (6.8% of revenue), 47.1% lower than a year earlier.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
Operating cash flow was $1.2 billion and capital spending $447 million, leaving free cash flow of $718 million (7.8% of revenue).
At the end of the period it held $1.8 billion in cash and $2.0 billion in debt, a net debt position of $235 million.
The diluted share count fell 4.3% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $9.4 billion in fiscal 2021 to $9.0 billion in fiscal 2026, a decline of about 0.7% a year.
- Revenue has grown for 3 fiscal years in a row.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $10.4B | $8.0B | $8.3B | $8.5B | $9.0B |
| Revenue growth | 11.0% | -22.9% | 3.0% | 2.4% | 6.8% |
| Operating margin | — | — | — | — | — |
| Net income | $623M | $149M | $266M | $1.2B | $573M |
| Free cash flow | $855M | $745M | $741M | $571M | $811M |
| Diluted EPS | $1.05 | $0.26 | $0.46 | $2.07 | $1.03 |
Fiscal years as reported in News Corp (Class B)’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed November 10, 2026 — Other event
- 8-K filed November 9, 2026 — Other event
- 8-K filed November 6, 2026 — Other event
- 8-K filed November 5, 2026 — Shareholder vote results; Regulation FD disclosure
- 10-Q filed November 5, 2026 — quarterly report
- 8-K filed November 5, 2026 — Other event
- 8-K filed November 4, 2026 — Earnings results
- 8-K filed November 4, 2026 — Other event
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Questions about News Corp (Class B)
Is News Corp (Class B)'s revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $9.2 billion, up 7.8% from a year earlier, according to its SEC filings.
Is News Corp (Class B) profitable?
Yes. It earned $620 million in net income over the twelve months to September 30, 2026, a net margin of 6.8%.
Does News Corp (Class B) have more cash or more debt?
At September 30, 2026 it had $1.8 billion in cash and $2.0 billion in debt, so more debt than cash.
When did News Corp (Class B) last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 5, 2026.
Which companies are similar to News Corp (Class B)?
In the S&P 500, News Corp (Class B) is grouped in Publishing within the Communication Services sector. News Corp (Class A) (NWSA) are in the same group.
Understand the numbers
Source: News Corp (Class B)’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.