Fox Corp

Company facts

Industry

Television Broadcasting Stations

Headquarters

New York, New York

Most recent report

8-K/A, filed Nov 9, 2026

Incorporated

Delaware

Filings on record

691 filings

On EDGAR

CIK 1754301

Fiscal year ends

June

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 9 of 28 sections worth reading, with 1 positive, 20 notable, and 3 negative flags.

• CONSOLIDATED BALANCE SHEETS

  Balance sheet shows key changes: cash up, inventories up sharply, retained earnings up, and debt flat.
  Notable

  • Class A shares outstanding rose to 201.5 million from 199.3 million, likely from equity awards.

• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  FCC license reclassification to finite life with $2.1B amortization over 20 years is a major accounting change.
  Notable

  • FCC licenses with $2.1B gross carrying value reclassified to finite-lived, amortized over 20 years starting Q1 FY2027.
  • No impairment recorded on FCC licenses before the reclassification.
  • No acquisitions were made during Q1 FY2027 or Q1 FY2026.

• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  Contains a massive pending merger with termination fees and bridge financing details.
  Notable

  • Fox secured $12.0B in bridge loan commitments ($11.0B available) and a $1.0B term loan to fund the cash portion of the merger.
  Negative

  • Fox and Roku boards approved the merger; still subject to antitrust clearance. Termination fees are $866M to $1.2B.

• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  Contains specific debt facilities, buyback authorization remaining, and dividend data.
  Notable

  • No customer accounted for 10%+ of receivables as of Sep 30, 2026 or Jun 30, 2026.
  • $1.0B revolver and $1.0B term loan both undrawn as of Sep 30, 2026. No borrowings outstanding.
  • $3.4B remaining buyback authorization as of Sep 30, 2026, out of $12B total program.

• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  Equity compensation details and $32B in firm commitments with a $1B drop from sports rights payments.
  Notable

  • Semi-annual dividend of $0.29 per share paid on September 23, 2026, continuing prior payout.
  • Unrecognized compensation cost of $200M to be recognized over 2-3 years, indicating future expense.
  • Total firm commitments and debt payments dropped $1B to $32B, driven by sports programming rights payments.

• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  Smartmatic $2.7B defamation suit; $10M indemnity liability; FOX News harassment claims.
  Notable

  • FOX News harassment and discrimination claims resolved or contested; no material settlements to date.
  • Liability for U.K. newspaper indemnity dropped from $20M to $10M between June and September 2026.
  Negative

  • Smartmatic seeks $2.7B in damages; no trial until 2027; loss not probable but outcome uncertain.

• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  Derivative lawsuit survived motion to dismiss; ongoing litigation risk.
  Notable

  • Net periodic pension cost was $7 million for Q1 FY2026, down from $8 million in Q1 FY2025.
  Negative

  • Derivative lawsuit survived motion to dismiss; court allowed summary judgment on director independence. Ongoing litigation risk.

• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  The notes behind the statements live here.
  Notable

  • Put rights for minority shareholders become exercisable in fiscal 2029 and 2030.
  • $6.9B in future revenue, mostly from distribution, content licensing, and sports ads.

• Item 2

  Pending $12B Roku deal, FIFA World Cup drove 22% revenue surge, segment results detailed.
  Positive

  • Television segment EBITDA surged $535M to $934M, driven by FIFA World Cup advertising and higher political revenue.
  Notable

  • Fox agreed to acquire Roku for $96 cash + 0.9693 FOX shares per Roku share; deal approved by both boards and stockholders.
  • Fox secured $12B in bridge and term loan commitments to fund the Roku cash consideration; $11B bridge available as of Sep 30, 2026.
  • FCC license amortization began July 1, 2026, increasing depreciation and amortization by 20% to $118M.
  • Fox has $4.5B cash and an unused $1B revolver; no stock repurchases in the quarter.

What changed: Sep 2026 vs. Mar 2026

About 7% of FOXA's Sep 2026 10-Q is new information. 15 paragraphs were added, 110 changed, and 58 removed. Below are the most important lines SECSift identified.

• Item 2 52
• NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 32
• CONSOLIDATED BALANCE SHEETS 2
• UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 1
• Item 3 1
• Item 4 1
• Item 1A 1
• Item 6 1