Fox Corporation (FOX) Stock

Fox Corporation (FOX) is a Communication Services stock trading at $67.94 (as of 2026-08-20), with a market capitalization of $29.83B and a trailing P/E of 17.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Fox Corporation is a U.S. media company with operations spanning cable network programming and television, including assets such as FOX News, FOX Business, FS1/FS2, FOX Deportes, and Big Ten Network, as well as broadcast and streaming services like The FOX Network and Tubi. It serves viewers and advertisers through distribution to pay-TV and digital platforms.

Understand Fox Corporation: how it makes money

Fox Corporation runs news and sports channels such as FOX News, FOX Business, FS1, and FS2, producing and licensing content for distribution through traditional MVPDs and other digital platforms, and it monetizes that distribution with affiliate fees and advertising.

Fox's profit engine is licensing and distributing proprietary news and sports programming to video distributors and digital platforms, with monetization tied to both affiliate fees (distribution relationships) and advertising (viewer demand).

Revenue by segment (latest quarter)
CableNetProg$1.7B
Television$2.0B
OtherCorpElim$0.3B

Business quality (Weak): The business model is straightforward around content production, distribution, and ad and affiliate monetization, but the operational KPI set provided here is limited to segment and revenue-line visibility rather than deeper audience or contract KPIs.

Valuation: At 12× earnings, FOX trades 30% below the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Multiple monetization streams: Segment and revenue-line candidates point to affiliate fees, distribution revenue, advertising revenue, and content and other revenue as core drivers.
  • Operating profitability exists: Operating margin was 5.9% for the quarter ended 2026-03-31.

Bear case

  • Sensitivity to advertising conditions: Advertising revenue is a substantial line item candidate (1.41B), so weaker advertising demand can pressure results.
  • Dependence on distribution economics: Affiliate fees and distribution revenue are large line items (affiliate fee revenue 2.0B, distribution revenue 1.92B), so changes in distributor negotiations or distribution volumes can affect the revenue mix.
Valuation — source: SEC EDGAR (first-party)
Price$67.94
Market Cap$29.83B
P/E Ratio17.3
EV / EBITDA12.0
Price / Book2.54
Price / Sales1.74
FCF Yield4.9%
DCF Value (model)$54.41
DCF Upside vs Price-19.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$17.13B
Net Margin10.1%
Revenue Growth (YoY)5.1%
EPS Growth (YoY)-21.3%
FCF Growth (YoY)-51.0%
Financial Health — source: SEC EDGAR
Altman Z-Score3.35 (safe)
Valuation vs Sector & Industry
Stock P/E17.3
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
vs Sector-29.2%
vs Industry-3.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.79B)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorCommunication Services
IndustryCommunication
CEOLachlan Keith Murdoch
Employees10,200
CountryUS
IPO Date2019-03-12

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FOX earnings history · FOX institutional & insider holders · FOX KPIs & operating metrics · FOX financials · FOX investor presentations & press releases · FOX SEC filings · FOX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.