Fox Corporation FOXA

Revenue Intelligence Report • 35 quarters of SEC filing data • Updated 2026-10-14 • Data through 2026-06-30

Fox Corporation's latest quarterly revenue is $4.2B for the period ending 2026-06-30. The model projects $17.7B across the next four quarters (+3.2% versus the preceding four quarters). The forecast uses SG&A data; model selection and estimation exclude the latest quarter, whose retrospective holdout error is 16.9%. These are statistical associations, not estimates of the causal effect of spending.

Investment Thesis

The ARDL forecast is based on reported revenue and SG&A data through 2026-06-30. Training MAPE measures fit to historical data; the separately reported holdout error measures a withheld quarter. Spending coefficients describe associations and do not establish causation.

Next 4 Quarters
$17.7B
+3.2% YoY
SG&A Multiplier
$6.13 per $1
Training Fit
5.3% MAPE
Retrospective holdout (Q4 FY2026): The model predicted $3.50B vs the actual $4.21B — an error of 16.9%.
Retrospective one-quarter holdout: model fitting and selection exclude this quarter. Historical inputs use the latest available restatements, so this is not a preserved real-time forecast.
Note: Fox Corporation does not report R&D expenses separately. The model uses the available expense measure without a separate R&D term.
Investor insight: Actual revenue ($4.2B) came in 17% above the spending-based forecast ($3.5B). This suggests that Fox Corporation's recent revenue growth is driven significantly by external demand factors — such as market pricing, product cycle tailwinds, or structural demand shifts — beyond what its R&D and SG&A spending alone would predict.

Revenue Forecast

FOXA Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 FY2026
Period end 2026-06-30		 $3.50B $4.21B $2.99B–$4.01B +6.5% ✗ Outside range
Q1 FY2027
Period end 2026-09-30		 $4.17B $3.45B–$4.89B +11.6%
Q2 FY2027
Period end 2026-12-31		 $5.26B $4.38B–$6.14B +1.4%
Q3 FY2027
Period end 2027-03-31		 $4.29B $3.28B–$5.31B +7.5%
Q4 FY2027
Period end 2027-06-30		 $3.96B $2.82B–$5.09B -6.0%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Fox Corporation's systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Jul–Sep) 0.9887 -1.1% In line with trend 7
FQ2 (Oct–Dec) 0.9954 -0.5% In line with trend 8
FQ3 (Jan–Mar) 0.9736 -2.6% In line with trend 8
FQ4 (Apr–Jun) 1.0219 +2.2% In line with trend 7

Spending and Revenue

FOXA Spending Timing
Reading this chart: Each line shows the cumulative revenue association per $1 of spending over subsequent quarters. These estimates describe historical associations and do not establish causation.

Time-Varying Spending Associations

Time-varying analysis: A penalized spline model (GAM) tracks the association between log spending and log revenue over 35 quarters. Its coefficients describe conditional historical associations, not causal returns on spending.
Current SG&A elasticity: 0.0361x
The model-term chart shows relative absolute term magnitudes. Its percentages are not shares of revenue or causal contributions to growth.

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Data sourced from SEC EDGAR XBRL filings. SEC source data. Forecast model: ARDL; spending associations: ARDL (linear) with 35 quarters. This analysis is for informational purposes only and does not constitute investment advice.

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