News (NWS) Tax Rate % : 33.94% (As of Dec. 2023)

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What is News Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. News's Tax Expense for the three months ended in Dec. 2023 was $94 Mil. News's Pre-Tax Income for the three months ended in Dec. 2023 was $277 Mil. Therefore, News's Tax Rate % for the quarter that ended in Dec. 2023 was 33.94%.

News Tax Rate % Historical Data

The historical data trend for News's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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News Tax Rate % Chart

News Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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35.59

-1.38

13.56

6.40

43.33

News Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															39.35	35.16	-88.24	38.95	33.94

News Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

News's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	143	/	330
	=	43.33 %

News's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	94	/	277
	=	33.94 %

News Tax Rate % Related Terms

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News (NWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » News Corp (NAS:NWS) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

NWSA:USA NC0B:Germany NC0E:Germany NC0B:Germany NWSLV:Australia NWS:Australia

Address

1211 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.newscorp.com

News Corporation is a diversified media conglomerate with significant presence in the U.S, the U.K., and Australia. Key mastheads include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 61%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers in the world, and also has a substantial digital property advertising business (Move) in the U.S.

Executives

Susan Panuccio	officer: Chief Financial Officer	C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
David B Pitofsky	officer: General Counsel	C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Keith Rupert Murdoch	director, officer: Executive Chairman	C/O FOX CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert J Thomson	director, officer: Chief Executive Officer	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Lachlan K Murdoch	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kelly Ayotte	director	C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Masroor Siddiqui	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Natalie Bancroft	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jose Maria Aznar	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Peter Barnes	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joel Klein	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Ana Paula Pessoa	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
James R Murdoch	director	C/O LUPA SYSTEMS, 363 LAFAYETTE STREET, NEW YORK NY 10022
Kevin Halpin	officer: Deputy Chief Financial Officer	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Elaine L. Chao	director	C/O DOLE FOOD COMPANY, INC., ONE DOLE DRIVE, WESTLAKE VILLAGE CA 91362