Operating Expenses

Total Operating Expenses

News Corporation Total Operating Expenses decreased by 5.6% to $952.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.3%, from $904.00M to $952.00M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows a downward trend with a -6.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2017
Last reportedQ3 2026May 8, 2026

How to read this metric

An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.

Detailed definition

Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...

Peer comparison

Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.

Metric ID: total_operating_expenses

Historical Data

20 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Value$1.28B$1.24B$1.28B$1.25B$1.36B$1.27B$1.29B$1.29B$58.00M$1.27B$970.00M$938.00M$928.00M$952.00M$963.00M$904.00M$917.00M$941.00M$1.01B$952.00M
QoQ Change-3.0%+2.8%-2.6%+8.7%-6.1%+1.6%-0.6%-95.5%>999%-23.8%-3.3%-1.1%+2.6%+1.2%-6.1%+1.4%+2.6%+7.1%-5.6%
YoY Change+5.6%+2.3%+1.2%+3.2%-95.7%+0.0%-25.0%-27.1%>999%-25.2%-0.7%-3.6%-1.2%-1.2%+4.7%+5.3%
Range$58.00M$1.36B
CAGR-6.1%
Avg YoY Growth+83.9%
Median YoY Growth-0.4%

Business Segments

View all
SegmentQ3 '26
Book Publishing$366.00M
News Media$296.00M
Dow Jones$244.00M
Digital Real Estate Services$46.00M
Total$952.00M

Frequently Asked Questions

What is News Corporation's total operating expenses?
News Corporation (NWSA) reported total operating expenses of $952.00M in Q1 2026.
How has News Corporation's total operating expenses changed year-over-year?
News Corporation's total operating expenses increased by 5.3% year-over-year, from $904.00M to $952.00M.
What is the long-term trend for News Corporation's total operating expenses?
Over 4 years (2021 to 2025), News Corporation's total operating expenses has grown at a -6.2% compound annual growth rate (CAGR), from $4.83B to $3.74B.
What does total operating expenses mean?
The total cost of running the business, including all non-production expenses.