Long-Term Returns of a $100 Investment in Fox Corporation: A Five-Year Analysis

Investing in equities over the long term often hinges on understanding both company-specific performance and broader macroeconomic trends. This analysis evaluates the returns of a $100 investment in Fox Corporation (FOX) made five years ago, using historical stock price data and contextualizing it within the evolving market landscape from 2020 to 2025.

Clarifying Fox Corporation's Share Classes

Before delving into the numbers, it is critical to distinguish between Fox Corporation's two primary share classes: FOX (Class B) and FOXA (Class A). While both represent ownership in the same entity, they differ in voting rights and dividend structures. Class A shares (FOXA) typically offer enhanced voting rights and dividend priority, whereas Class B shares (FOX) have fewer voting rights and lower dividend priority according to SEC filings. Despite these differences, both classes are expected to correlate closely in price movements due to shared business performance and market exposure as per Reddit discussion.

For this analysis, we rely on historical data for FOXA, as the requested information for FOX in November 2020 is not explicitly available in the provided sources. However, the performance of FOXA serves as a reasonable proxy, given the strong historical correlation between the two classes.

Historical Price Data and Return Calculation

On November 24, 2020, FOXA closed at according to Yahoo Finance. A $100 investment at this price would have purchased approximately . Over the subsequent five years, FOXA surged by , according to Barchart analysis. Applying this growth rate to the initial investment, the $100 would have grown to by November 2025.

However, the current stock price for FOX (Class B) on November 26, 2025, stands at according to StockAnalysis. This discrepancy highlights the nuanced performance of the two share classes. While FOXA delivered robust returns, the lower price of FOX suggests that investors in Class B shares may have experienced a different trajectory, potentially influenced by structural differences in dividend distribution or voting rights.

Broader Market Trends and Corporate Performance

The outperformance of FOXA relative to the S&P 500 reflects a combination of corporate strength and favorable macroeconomic conditions. In early 2025, according to Yahoo Finance. These results underscore the company's resilience amid a challenging media landscape.

On a macro level, the S&P 500 reached record highs 28 times in 2025, driven by robust corporate earnings, Federal Reserve rate cuts, and AI-driven optimism according to Kitces. The Fed's accommodative monetary policy, , further bolstered market confidence according to Kitces. Meanwhile, AI-related investments and monetization strategies fueled growth across sectors, though concerns about valuation risks persisted according to Sherwood News.

Implications for Long-Term Investors

The 47.7% return on a $100 investment in FOXA over five years demonstrates the potential of long-term equity holdings, particularly in companies that adapt to shifting market dynamics. However, investors must remain cognizant of structural differences between share classes and evolving macroeconomic risks. For instance, while Fox Corporation's 2025 results were strong, , trailing industry growth according to Yahoo Finance.

Conclusion

, outperforming the S&P 500 by a significant margin. This return underscores the importance of aligning investments with companies that demonstrate operational resilience and strategic adaptability. However, investors should carefully evaluate share class distinctions and macroeconomic headwinds when assessing long-term equity opportunities.