Tax
Income Tax
News Corporation Income Tax decreased by 45.6% to $68M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 54.5%, from $44M to $68M. Over 2 years (FY 2023 to FY 2025), Income Tax shows an upward trend with a 34.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ3 2026May 8, 2026
How to read this metric
Changes relative to pre-tax income may indicate shifts in the effective tax rate due to geographic earnings mix or changes in tax legislation.
Detailed definition
Income tax expense is the total amount of tax liability recognized by the company for the period based on its taxable in...
Peer comparison
Standard tax provision line item found on all corporate income statements.
Metric ID:
income_tax_expenseHistorical Data
18 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $71M | $99M | $29M | $35M | $61M | $32M | $24M | $37M | $97M | $32M | $43M | $61M | $124M | $44M | $46M | $62M | $125M | $68M |
| QoQ Change | — | +39.4% | -70.7% | +20.7% | +74.3% | -47.5% | -25.0% | +54.2% | +162.2% | -67.0% | +34.4% | +41.9% | +103.3% | -64.5% | +4.5% | +34.8% | +101.6% | -45.6% |
| YoY Change | — | — | — | -50.7% | -38.4% | +10.3% | — | +5.7% | +59.0% | +0.0% | +79.2% | +64.9% | +27.8% | +37.5% | +7.0% | +1.6% | +0.8% | +54.5% |
Range$24M – $125M
CAGR-1.0%
Avg YoY Growth+18.5%
Median YoY Growth+8.7%
Income Tax at Other Companies
Frequently Asked Questions
- What is News Corporation's income tax?
- News Corporation (NWS) reported income tax of $68M in Q1 2026.
- How has News Corporation's income tax changed year-over-year?
- News Corporation's income tax increased by 54.5% year-over-year, from $44M to $68M.
- What is the long-term trend for News Corporation's income tax?
- Over 2 years (2023 to 2025), News Corporation's income tax has grown at a 34.5% compound annual growth rate (CAGR), from $152M to $275M.
- What does income tax mean?
- The total tax cost the company owes on its profits.