How does News (NWSA) make money?

News (NWSA) generates revenue primarily from Dow Jones Segment, which accounted for 28% of total revenue in TTM through Q1 2026. The company reported $9.03B in revenue and converted 11.8% of it into net profit, equivalent to roughly $1.07B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of News (NWSA)?

News (NWSA) reported a gross profit margin of 73.9% in TTM through Q1 2026, equivalent to $6.67B in gross profit on $9.03B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of News (NWSA)?

News (NWSA) reported an operating profit margin of 12.4% in TTM through Q1 2026, equivalent to $1.12B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of News (NWSA)?

News (NWSA) reported a net profit margin of 11.8% in TTM through Q1 2026, equivalent to $1.07B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is News (NWSA) profitable?

Yes. News (NWSA) reported $1.07B in net income for TTM through Q1 2026, with a net profit margin of 11.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does News (NWSA) spend on capital expenditures?

News (NWSA) spent $437M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 4.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does News (NWSA) generate?

News (NWSA) generated $566M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 6.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of News (NWSA)?

News (NWSA) had an effective tax rate of 32.9% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of News (NWSA)?

News (NWSA) reports revenue across 4 reportable product segments, led by Dow Jones Segment at 28% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How News Makes Money: 2026 Visual Revenue Map

News (NWSA) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 8, 2026).

News discloses geographic revenue only in annual filings. to view the full breakdown.

News (NWSA) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for News (NWSA), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Dow Jones Segment	$2.53B	28%
Book Publishing Segment	$2.27B	25.2%
News And Information Services Segment	$2.26B	25.1%
Digital Real Estate Services Segment	$1.96B	21.7%
Total	$9.03B	100%

Dow Jones Segment$2.53B
Book Publishing Segment$2.27B
News And Information Services Segment$2.26B
Digital Real Estate Services Segment$1.96B
Total$9.03B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, News (NWSA) reports revenue across 4 reportable product segments; the largest segment was Dow Jones Segment at 28%, followed by Book Publishing Segment (25.2%) and News And Information Services Segment (25.1%).

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