At a glance
News Corp B is worth $17.56B, about 32 times its fiscal 2026 earnings. Revenue grew 6.8% to $9.03B in fiscal 2026, with 6.3% kept as profit; over 3 years it has grown 4.1% a year. It pays a 0.62% dividend yield, and returned $2.24B to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned +7.2% over the past year with dividends reinvested and +7.9% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 45.4% in the 2020 crash (S&P 500: 33.7%) and 35.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 14 months after the lows.
The business in plain English
News Corp is a media and information company that owns well-known brands such as The Wall Street Journal, Barron's, The Times, The Sun, The Australian, HarperCollins Publishers, realestate.com.au, Realtor.com and talkSPORT radio. It sells news subscriptions, advertising, books, property listing services and content licenses to consumers and businesses. Some of those licenses go to AI companies. It operates mainly in the U.S., Australia and the U.K. NWS is the ticker for the company's Class B shares. Its Class A shares trade as NWSA.
In the fiscal year ended June 30, 2026, revenue was $9.03 billion, spread fairly evenly across four main businesses. Dow Jones brought in 27.7%. It publishes the Journal, Barron's and MarketWatch and sells business data such as Factiva. Book Publishing, home to HarperCollins, contributed 25.3%. News Media, which holds the company's other newspapers and talkSPORT, added 24.7%. Digital Real Estate Services, which runs property listing websites, made up 22.3%.
By type, circulation (sales of newspaper copies) and subscriptions made up 35.5% of revenue. Consumer product sales such as books added 24.2%, real estate 17.4% and advertising 15.4%. That mix leans toward recurring subscription income, which tends to be steadier than ad sales. By region, 48.4% of revenue came from the U.S. and Canada, 31.3% from Australasia and other markets, and 20.3% from Europe.
Price history
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NWS +7.2% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Circulation and subscription | $3.20B | 35.5% |
| Consumer | $2.19B | 24.2% |
| Real estate | $1.57B | 17.4% |
| Advertising | $1.39B | 15.4% |
| Other | $678.0M | 7.5% |
By business segment
| Dow Jones | $2.50B | 27.7% |
| Book Publishing | $2.29B | 25.3% |
| News and Information Services Segment | $2.23B | 24.7% |
| Digital Real Estate Services | $2.02B | 22.3% |
By geography
| United States And Canada | $4.37B | 48.4% |
| Australasia And Other | $2.83B | 31.3% |
| Europe | $1.83B | 20.3% |
Latest results
- In Q4 FY2026 (ended Jun 30, 2026), revenue was $2.34B, up 10.8% from a year earlier, and net income was $179.0M (-75.9%).
- For fiscal 2026, revenue was $9.03B (+6.8% year over year; +4.1% a year from FY2023 to FY2026) with a 6.3% net margin.
Financial health check
| Revenue growth a year (FY2023–FY2026) | +4.1% watch |
|---|---|
| Free cash flow margin | 9% watch |
| Return on equity (FY2026) | 6.7% weak |
| Return on assets (FY2026) | 3.7% watch |
| Net cash (cash minus debt) | $1.11B good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $9.36B | $330.0M | $847.0M |
| FY2022 | $10.38B | $623.0M | $855.0M |
| FY2023 | $8.01B | $149.0M | $745.0M |
| FY2024 | $8.25B | $266.0M | $741.0M |
| FY2025 | $8.45B | $1.18B | $571.0M |
| FY2026 | $9.03B | $573.0M | $811.0M |
Valuation snapshot
| Market value | $17.56B |
|---|---|
| P/E ratio | 31.5 |
| Dividend yield | 0.62% |
Rank among 1514 US companies
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| NWS price data to Nov 2, 2026 | +10.3% | +7.2% | +14.4% | +7.9% | +11.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +10.3% |
| 2025 | -2.0% |
| 2024 | +19.2% |
| 2023 | +41.0% |
| 2022 | -17.2% |
| 2021 | +27.7% |
| 2020 | +24.4% |
| 2019 | +27.4% |
| 2018 | -29.5% |
| 2017 | +42.9% |
| 2016 | -14.2% |
| 2015 | -6.7% |
| 2014 | -15.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 45.4% over that stretch · deepest drop along the way 45.4%, back to its old high 4.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 30% over that stretch · deepest drop along the way 35.6%, back to its old high 14 months after the low |
Insider activity
Form 4 filings from 2025-11-03 to 2026-11-03 (25 read): 0 open-market purchases and 5 sales ($3.2M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 17, 2026 | David B Pitofsky General Counsel | sell | $1.5M |
| Aug 17, 2026 | Ruth Allen Chief Human Resources Officer | sell | $624K |
| Aug 17, 2026 | Marygrace DeGrazio Chief Accounting Officer | sell | $526K |
| Aug 17, 2026 | Lavanya Chandrashekar Chief Financial Officer | sell | $510K |
| Aug 17, 2026 | Julian Delany Chief Technology Officer | sell | $50K |
Who owns it
Large shareholders (13G filings)
| Independent Franchise Partners, LLP | 8.79% | Jun 30, 2026 |
| SSGA FUNDS MANAGEMENT, INC. | 8.3% | Sep 30, 2025 |
| Vanguard Capital Management | 8.13% | Mar 31, 2026 |
| Vanguard Portfolio Management | 5.1% | Sep 30, 2026 |
| STATE STREET CORPORATION | 4.7% | Jun 30, 2026 |
| Perpetual Limited | 4.5% | Jun 30, 2026 |
| Perpetual Investment Management Limited | 4.4% | Jun 30, 2026 |
| T. Rowe Price Associates, Inc. | 4.4% | Sep 30, 2025 |
| Cruden Financial Services LLC | 0.5% | Sep 6, 2025 |
ETFs with the most weight in NWS
| TAX Cambria Tax Aware ETF | 1% |
| XLC Communication Services Select Sector SPDR Fund | 0.77% |
| QQJG Invesco ESG NASDAQ Next Gen 100 ETF | 0.68% |
| HUSV First Trust Horizon Managed Volatility Domestic ETF | 0.57% |
| QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.4% |
| VFMF Vanguard U.S. Multifactor ETF | 0.36% |
| NXTI Simplify Next Intangible Core Index ETF | 0.26% |
| IQSM NYLI Candriam U.S. Mid Cap Equity ETF | 0.17% |
What could go wrong
- AI and big platforms could divert readers. Search engines, social media and AI chatbots control how people find its content. The company says AI tools that keep users inside their own apps have already cut traffic and subscriber demand.
- One holder can sway shareholder votes. LGC Holdco's concentrated ownership will affect the results of shareholder votes. Together with rules in the company's charter and bylaws, this may discourage takeover offers that other shareholders might welcome.
- Overlap with Fox Corporation. Some directors and major stockholders also own Fox Corporation shares or serve as Fox officers or directors. That overlap could lead to business opportunities going to Fox instead of News Corp.
- Advertising can fall sharply. Advertising made up 15.4% of revenue in the year ended June 30, 2026. Ad budgets shrink when the economy weakens, and harmful shifts in the wider ad market could cut revenue significantly.
- Higher printing and delivery costs. Books and newspapers depend on printing plants and distribution networks. A sharp rise in these costs, or a breakdown in the supply chain, could squeeze profits in books and newspapers.
- Currency swings change reported results. In the year ended June 30, 2026, 31.3% of revenue came from Australasia and other markets and 20.3% from Europe. A stronger U.S. dollar shrinks that revenue when converted back.
Recent events
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For income and retirement investors
News Corp pays a dividend, but a small one: the yield (yearly dividends as a percentage of the share price) was 0.62% as of October 28, 2026. Dividends per share rose from $0.27 in fiscal 2021 to $0.37 in fiscal 2026, about 5.9% a year, though the streak of increases is only two years. The fiscal 2026 payout used 35.6% of earnings and 25.2% of free cash flow (cash left after running and investing in the business). Buybacks, where the company repurchases its own shares, have been the bigger use of cash: $1.33 billion over fiscal 2022–2026, versus $910 million in dividends.
The shares have dropped sharply in downturns: 45.4% in the 2020 COVID crash, recovering in about 4.6 months, and 35.6% in the 2022 bear market, taking about 14 months to recover. With such a low yield, most of any return would come from share-price gains, not income. Single stocks carry more risk than diversified funds.
Questions investors ask
How does News Corp make money?
News Corp makes money mainly from subscriptions, book sales, property listings and advertising. In the fiscal year ended June 30, 2026, circulation and subscriptions brought in 35.5% of its roughly $9.03 billion in revenue, consumer sales such as books 24.2%, real estate 17.4% and advertising 15.4%. By segment, Dow Jones, home of The Wall Street Journal, was largest at 27.7%, followed by Book Publishing, News Media and Digital Real Estate Services.
Does News Corp pay a dividend?
Yes, but the yield is low: 0.62% as of October 28, 2026. Dividends per share were about $0.37 for fiscal 2026, up from about $0.27 in fiscal 2021. That payout used 35.6% of earnings and 25.2% of free cash flow (cash left after running and investing in the business). The dividend has risen for only two straight years, and News Corp has spent more on share buybacks ($1.33 billion over fiscal 2022–2026) than on dividends ($910 million).
What is the difference between NWS and NWSA stock?
Both are News Corp common stock, in two classes. NWS is the Class B stock and NWSA is the Class A stock. Both trade on the Nasdaq Global Select Market and also on the Australian Securities Exchange as CHESS Depositary Interests, a form of receipt used to trade shares of foreign-incorporated companies in Australia. Both classes share in the same businesses. Shareholder rights, including voting, can differ between classes, so the company's filings are worth comparing.
Does News Corp have a lot of debt?
No. It held more cash than debt as of June 30, 2026. Cash and investments totaled about $3.10 billion against total debt of about $1.99 billion, leaving net cash (cash minus debt) of about $1.11 billion. Shareholders' equity was about $8.53 billion. Still, News Corp lists debt among its risk factors, noting that it and some subsidiaries could take on substantially more borrowing, which would add to those risks.
How has News Corp stock performed over the long term?
Long-term gains have come with big swings. As of October 28, 2026, the share price was up 3.4% over one year, 7.9% a year over five years and 11.1% a year over ten years, or 186% in total over the decade. Calendar years ranged from a 41% gain in 2023 to a 29.5% loss in 2018. The shares traded at 31.1 times fiscal 2026 earnings, a ratio pushed higher by a 51.4% fall in net income from fiscal 2025.