What is News Corporation's net debt?

News Corporation (NWS) reported net debt of $758M in Q1 2026.

How has News Corporation's net debt changed year-over-year?

News Corporation's net debt decreased by 8.5% year-over-year, from $828M to $758M.

What is the long-term trend for News Corporation's net debt?

Over 4 years (2021 to 2025), News Corporation's net debt has grown at a -21.8% compound annual growth rate (CAGR), from $1.44B to $537M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

News Corporation NWS Net debt

Discontinued — last reported Q3 '26

Net debt at other companies

RepligenRGEN

-8.1×-18.6×

Axalta Coating SystemsAXTA

2.5×-0.2×

Zillow Group, Inc.ZG

-2.1×-4.3×

Federal SignalFSS

1.1×+0.4×

Clearwater AnalyticsCWAN

7.3×+5.0×

Protagonist TherapeuticsPTGX

-5.1×—

Other financials

Income statement

See full

Revenue$2.2B+8.8%

Net income$89.0M-13.6%

EPS (diluted)$0.16-11.1%

Balance sheet

See full

Cash & equivalents$2.2B+3.6%

Total debt$2.9B+0.2%

Total equity$8.6B+4.6%

Total assets$15.5B-6.4%

Cash flow

See full

Operating cash flow$499.0M-2.3%

CapEx$100.0M+7.5%

Free cash flow$399.0M-4.5%

Valuation

See full

Market cap$15.64B-8.8%

Enterprise value$16.4B-8.8%

P/E13.8×-21.5×

P/S1.8×-0.3×

Profitability

See full

Net margin12.9%+7.1pp

FCF margin6.4%-1.6pp

Returns & leverage

See full

Return on equity13.5%+7.6pp

Debt / equity0.3×0.0×

Current ratio1.7×0.0×

Where this comes from

Calculated from News Corporation’s reported figures.

$2.9Btotal debt−$2.2Bcash and equivalents=$758M

The official record: News Corporation’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is News Corporation's net debt?: News Corporation (NWS) reported net debt of $758M in Q1 2026.
How has News Corporation's net debt changed year-over-year?: News Corporation's net debt decreased by 8.5% year-over-year, from $828M to $758M.
What is the long-term trend for News Corporation's net debt?: Over 4 years (2021 to 2025), News Corporation's net debt has grown at a -21.8% compound annual growth rate (CAGR), from $1.44B to $537M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.