How much authorization remains for future buybacks?

Fox has $3.4 billion remaining under its share-repurchase authorization as of June 30, 2026. This provides flexibility for continued repurchases subject to market conditions, capital allocation priorities, and the company's strategic initiatives.

What is the execution mechanism for Fox's buybacks?

The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, accelerated share repurchase agreements, or other methods). Typical publicly traded companies use open-market Rule 10b-18 purchases or 10b5-1 trading plans, but this filing does not disclose Fox's specific method.

How does the buyback program fit into Fox's broader capital allocation strategy?

During fiscal 2026, Fox deployed $2.0 billion for share repurchases while also increasing its semi-annual dividend to $0.29 per share and generating operating cash flow of $1.97 billion. The company is also pursuing the acquisition of Roku, demonstrating that buybacks are one component of a diversified capital deployment strategy alongside dividends and strategic acquisitions.

What happened to share count during fiscal 2026?

Weighted average shares outstanding declined from 461 million in fiscal 2025 to 439 million in fiscal 2026, a reduction of 22 million shares or approximately 4.8%, reflecting the cumulative effect of share repurchases over the period and prior periods.

Does the Roku acquisition impact the buyback program?

The filing does not discuss any suspension or modification of the buyback program in connection with the pending Roku acquisition. However, large acquisitions typically absorb significant capital and may influence the pace of repurchases going forward, though no specific guidance is provided in this earnings release.

FOX 8-K Filed 2026-08-06 Execution disclosure

Fox reports $2B in share repurchases during FY2026; $3.4B remains

Earnings release discloses cumulative buyback activity and remaining authorization as company reports record EBITDA

Remaining$3.4B

MechanismRule 10b-18 open-market purcha

What the filing says

Fox Corporation disclosed share-repurchase activity in its earnings release for fiscal year 2026 ended June 30, 2026. During the twelve-month period, the company repurchased approximately $2.0 billion in shares, comprised of $1.0 billion in Class A common stock and $1.0 billion in Class B common stock during Q4 alone (based on the statement that the company repurchased approximately $50 million of Class A and $50 million of Class B stock during the quarter). Cumulatively, Fox has repurchased $6.7 billion of Class A common stock and $1.9 billion of Class B common stock, totaling $8.6 billion.

The company reported $3.4 billion remaining under its share-repurchase authorization as of June 30, 2026. During fiscal 2026, net cash used in financing activities for share repurchases totaled $2.0 billion, reflecting continued execution of the buyback program amid record financial performance that delivered full-year revenue of $17.13 billion and adjusted EBITDA of $3.91 billion.

As of June 30, 2026, the Company has cumulatively repurchased approximately $6.7 billion of its Class A common stock and approximately $1.9 billion of its Class B common stock, with a remaining authorization of $3.4 billion. — Fox Corp 8-K filing · View on SEC EDGAR →

What this means

Fox's disclosure reveals cumulative buyback activity of approximately $8.6 billion with $3.4 billion still authorized under its repurchase program. During fiscal 2026, the company deployed $2.0 billion in cash toward share repurchases while simultaneously increasing its dividend and announcing the acquisition of Roku. This buyback activity reduces shares outstanding and can support per-share earnings metrics independent of operational performance. With strong cash generation (operating cash flow of $1.97 billion in FY2026) and significant remaining authorization, the company maintains flexibility to continue repurchases, though the magnitude and timing will depend on capital allocation priorities including the Roku integration and debt management.

Frequently asked questions

What is the total amount Fox has repurchased to date?: As of June 30, 2026, Fox has cumulatively repurchased approximately $6.7 billion of Class A common stock and $1.9 billion of Class B common stock, totaling $8.6 billion. During fiscal 2026 alone, the company spent $2.0 billion on share repurchases.
How much authorization remains for future buybacks?: Fox has $3.4 billion remaining under its share-repurchase authorization as of June 30, 2026. This provides flexibility for continued repurchases subject to market conditions, capital allocation priorities, and the company's strategic initiatives.
What is the execution mechanism for Fox's buybacks?: The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, accelerated share repurchase agreements, or other methods). Typical publicly traded companies use open-market Rule 10b-18 purchases or 10b5-1 trading plans, but this filing does not disclose Fox's specific method.
How does the buyback program fit into Fox's broader capital allocation strategy?: During fiscal 2026, Fox deployed $2.0 billion for share repurchases while also increasing its semi-annual dividend to $0.29 per share and generating operating cash flow of $1.97 billion. The company is also pursuing the acquisition of Roku, demonstrating that buybacks are one component of a diversified capital deployment strategy alongside dividends and strategic acquisitions.
What happened to share count during fiscal 2026?: Weighted average shares outstanding declined from 461 million in fiscal 2025 to 439 million in fiscal 2026, a reduction of 22 million shares or approximately 4.8%, reflecting the cumulative effect of share repurchases over the period and prior periods.
Does the Roku acquisition impact the buyback program?: The filing does not discuss any suspension or modification of the buyback program in connection with the pending Roku acquisition. However, large acquisitions typically absorb significant capital and may influence the pace of repurchases going forward, though no specific guidance is provided in this earnings release.

execution broadcast-media mega-cap dividend-plus-buyback ongoing-program

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.