Fox Corp Earnings Per Share Disclosure
For the years ended June 30, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (in millions, except per share amounts) | |||||||||||||||||
| Net income attributable to Fox Corporation stockholders | $ | 2,263 | $ | 1,501 | $ | 1,239 | |||||||||||
Weighted average shares - basic | 455 | 478 | 529 | ||||||||||||||
Shares issuable under equity-based compensation plans(a) | 6 | 2 | 2 | ||||||||||||||
Weighted average shares - diluted | 461 | 480 | 531 | ||||||||||||||
| Net income attributable to Fox Corporation stockholders per share - basic | $ | 4.97 | $ | 3.14 | $ | 2.34 | |||||||||||
| Net income attributable to Fox Corporation stockholders per share - diluted | $ | 4.91 | $ | 3.13 | $ | 2.33 | |||||||||||
(a) | Weighted average common shares include the incremental shares that would be issued upon the assumed vesting of RSUs, PSUs and stock options (including PSOs) if the effect is dilutive, and, for those shares that are contingently issuable, all necessary conditions have been satisfied for the periods presented (See Note 12—Equity-Based Compensation). | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 6, 2025 | Showing above |
| 2024 | Aug 8, 2024 | |
| 2023 | Aug 11, 2023 | |
| 2022 | Aug 12, 2022 | |
| 2021 | Aug 10, 2021 | |
| 2020 | Aug 10, 2020 | |
| 2019 | Aug 9, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.