Fox (FOX) Operating Expenses (2017 - 2026)

Fox's (FOX) quarterly Operating Expenses came in at $2.5 billion in Q1 2026, down 15.89% year-on-year from $3.0 billion in Q1 2025, and down 35.97% quarter-over-quarter from $3.9 billion in Q4 2025.

Fox (FOX) Operating Expenses (2017 - 2026) Analysis & Trends

Fox's Operating Expenses history runs 10 years deep, the most recent figure standing at $2.5 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 15.89% year-over-year to $2.5 billion in Q1 2026; TTM through Mar 2026 was $10.2 billion, a 2.95% decrease from a year earlier, with the FY2025 full-year figure at $10.5 billion, up 15.72% from the prior year.
  • Operating Expenses declined to $2.5 billion in Q1 2026 per FOX's latest filing, from $3.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.9 billion in Q4 2025 and bottomed at $1.7 billion in Q3 2022.
  • The 5-year median for Operating Expenses is $2.1 billion (2025), against an average of $2.4 billion.
  • Across the five-year window, Operating Expenses decreased 24.83% in 2024 and soared 44.63% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $3.5 billion in 2022, then fell by 3.83% to $3.4 billion in 2023, then climbed by 11.29% to $3.8 billion in 2024, then advanced by 3.15% to $3.9 billion in 2025, then plunged by 35.97% to $2.5 billion in 2026.
  • Per Business Quant, the three latest FOX Operating Expenses figures stand at $2.5 billion (Q1 2026), $3.9 billion (Q4 2025), and $2.1 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 286.85 Bn 277.73 Bn 6.52 Bn 1.32 Bn
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn 21.38 Bn
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn 11.36 Bn
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn 1.52 Bn
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn 647.00 Mn
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn 513.16 Mn
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 Mn 1.26 Bn
8 Fox 20.85 Bn 17.36 Bn - 2.49 Bn
9 News 16.48 Bn 15.01 Bn - 952.00 Mn
10 Sirius Xm Holdings 10.04 Bn 9.96 Bn 2.09 Bn 1.64 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.49 Bn
Dec 31, 2025 3.90 Bn
Sep 30, 2025 2.08 Bn
Jun 30, 2025 1.76 Bn
Mar 31, 2025 2.97 Bn
Dec 31, 2024 3.78 Bn
Sep 30, 2024 2.02 Bn
Jun 30, 2024 1.78 Bn
Mar 31, 2024 2.05 Bn
Dec 31, 2023 3.39 Bn
Sep 30, 2023 1.86 Bn
Jun 30, 2023 1.78 Bn
Mar 31, 2023 2.73 Bn
Dec 31, 2022 3.53 Bn
Sep 30, 2022 1.66 Bn
Jun 30, 2022 1.72 Bn
Mar 31, 2022 2.16 Bn
Dec 31, 2021 3.67 Bn
Sep 30, 2021 1.57 Bn
Jun 30, 2021 1.64 Bn