SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated

Segment information is summarized as follows:

	For the three months ended December 31, 2025
	Dow Jones		Digital Real Estate Services		Book Publishing		News Media		Other		Total
	(in millions)
Segment information:
Revenues	$	648	$	511	$	633	$	570	$	—	$	2,362
Significant segment expenses:
Operating expenses	(237)		(48)		(432)		(291)		—		(1,008)
Selling, general and administrative	(220)		(257)		(102)		(209)		(45)		(833)
Segment EBITDA	$	191	$	206	$	99	$	70	$	(45)	$	521
Depreciation and amortization											(118)
Impairment and restructuring charges											(30)
Equity losses of affiliates											(2)
Interest income, net											9
Other, net											(13)
Income before income tax expense from continuing operations											367
Income tax expense from continuing operations											(125)
Net income from continuing operations											242
Net income from discontinued operations, net of tax											—
Net income											$	242

	For the three months ended December 31, 2024
	Dow Jones		Digital Real Estate Services		Book Publishing		News Media		Other		Total
	(in millions)
Segment information:
Revenues	$	600	$	473	$	595	$	570	$	—	$	2,238
Significant segment expenses:
Operating expenses	(240)		(45)		(390)		(288)		—		(963)
Selling, general and administrative	(186)		(243)		(104)		(208)		(56)		(797)
Segment EBITDA	$	174	$	185	$	101	$	74	$	(56)	$	478
Depreciation and amortization											(113)
Impairment and restructuring charges											(16)
Equity losses of affiliates											(8)
Interest expense, net											(3)
Other, net											92
Income before income tax expense from continuing operations											430
Income tax expense from continuing operations											(124)
Net income from continuing operations											306
Net loss from discontinued operations, net of tax											(23)
Net income											$	283

	For the six months ended December 31, 2025
	Dow Jones		Digital Real Estate Services		Book Publishing		News Media		Other		Total
	(in millions)
Segment information:
Revenues	$	1,234	$	990	$	1,167	$	1,115	$	—	$	4,506
Significant segment expenses:
Operating expenses	(475)		(101)		(786)		(587)		—		(1,949)
Selling, general and administrative	(424)		(525)		(224)		(428)		(95)		(1,696)
Segment EBITDA	$	335	$	364	$	157	$	100	$	(95)	$	861
Depreciation and amortization											(235)
Impairment and restructuring charges											(49)
Equity losses of affiliates											(4)
Interest expense, net											15
Other, net											(9)
Income before income tax expense from continuing operations											579
Income tax expense from continuing operations											(187)
Net income from continuing operations											392
Net loss from discontinued operations, net of tax											—
Net income											$	392

	For the six months ended December 31, 2024
	Dow Jones		Digital Real Estate Services		Book Publishing		News Media		Other		Total
	(in millions)
Segment information:
Revenues	$	1,152	$	930	$	1,141	$	1,111	$	—	$	4,334
Significant segment expenses:
Operating expenses	(479)		(92)		(755)		(589)		—		(1,915)
Selling, general and administrative	(368)		(513)		(204)		(430)		(101)		(1,616)
Segment EBITDA	$	305	$	325	$	182	$	92	$	(101)	$	803
Depreciation and amortization											(225)
Impairment and restructuring charges											(38)
Equity losses of affiliates											(11)
Interest expense, net											(3)
Other, net											114
Income before income tax expense from continuing operations											640
Income tax expense from continuing operations											(185)
Net income from continuing operations											455
Net loss from discontinued operations, net of tax											(28)
Net income											$	427

	For the three months ended December 31,				For the six months ended December 31,
	2025		2024		2025		2024
	(in millions)
Depreciation and amortization:
Dow Jones	$	41	$	38	$	81	$	77
Digital Real Estate Services	38		36		75		72
Book Publishing	14		13		29		26
News Media	24		25		48		48
Other	1		1		2		2
Total Depreciation and amortization	$	118	$	113	$	235	$	225

	For the three months ended December 31,				For the six months ended December 31,
	2025		2024		2025		2024
	(in millions)
Capital expenditures:
Dow Jones	$	23	$	22	$	38	$	38
Digital Real Estate Services	37		36		75		75
Book Publishing	6		4		14		7
News Media	30		20		48		37
Other	3		—		5		—
Total Capital expenditures	$	99	$	82	$	180	$	157

Schedule of Reconciliation of Assets from Segments to Consolidated

	As of December 31, 2025		As of June 30, 2025
	(in millions)
Total assets:
Dow Jones	$	4,104	$	4,134
Digital Real Estate Services	3,378		3,202
Book Publishing	3,003		2,767
News Media	2,095		2,102
Other(a)	1,927		2,283
Investments	1,003		1,016
Total assets	$	15,510	$	15,504

(a)The Other segment primarily includes Cash and cash equivalents.

Schedule of Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated

	As of December 31, 2025		As of June 30, 2025
	(in millions)
Goodwill and intangible assets, net:
Dow Jones	$	3,266	$	3,256
Digital Real Estate Services	1,890		1,798
Book Publishing	927		941
News Media	308		308
Total Goodwill and intangible assets, net	$	6,391	$	6,303