Walt Disney Company (DIS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DIS SEC filings page.
Walt Disney Company (DIS) reported $98.9B in revenue over the twelve months to Jun 27, 2026, up 4.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Disney's recent improvement is increasingly cash-generative, but short-term obligations exceed current assets even as debt falls.
Operating margin expanded from14.5% in FY2023 to18.6% in FY2025, a pattern consistent with better operating efficiency rather than revenue growth alone. Operating cash flow reached$18.1B while FY2025 included a$1.4B tax benefit, so cash performance is substantial but the bottom-line improvement is partly tax-assisted.
Debt-to-equity declined to 0.3x in FY2025 from 0.4x in FY2023, while total liabilities fell to
Capital spending rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Walt Disney Company's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Walt Disney Company has an operating margin of 18.6%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 85/100, reflecting efficient cost management and pricing power. This is up from 17.1% the prior year.
Walt Disney Company's revenue grew a modest 3.4% year-over-year to $94.4B. This slow but positive growth earns a score of 42/100.
Walt Disney Company has a moderate D/E ratio of 0.32. This balance of debt and equity financing earns a leverage score of 42/100.
Walt Disney Company's current ratio of 0.71 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Walt Disney Company has a free cash flow margin of 10.7%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.
Walt Disney Company earns a strong 11.3% return on equity (ROE), meaning it generates $11 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 71/100. This is up from 4.9% the prior year.
Walt Disney Company scores 2.35, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($176.5B) relative to total liabilities ($87.6B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Walt Disney Company passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Walt Disney Company generates $1.46 in operating cash flow ($18.1B OCF vs $12.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Walt Disney Company earns $9.69 in operating income for every $1 of interest expense ($17.6B vs $1.8B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Walt Disney Company generated $25.2B in revenue in Q3 2026. This represents an increase of 6.8% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.
Walt Disney Company's EBITDA was $7.0B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is up 16.0%.
Walt Disney Company reported $2.6B in net income in Q3 2026. This represents a decrease of 49.9% from the same quarter a year earlier. Against the prior quarter it is up 17.4%.
Walt Disney Company earned $1.51 per diluted share (EPS) in Q3 2026. This represents a decrease of 48.3% from the same quarter a year earlier. Against the prior quarter it is up 18.9%.
Cash & Balance Sheet
Walt Disney Company generated $3.1B in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 62.6% from the same quarter a year earlier. Against the prior quarter it is down 37.8%.
Walt Disney Company held $5.2B in cash against $37.4B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Walt Disney Company's operating margin was 22.0% in Q3 2026, reflecting core business profitability. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.7 percentage points.
Walt Disney Company's net profit margin was 10.4% in Q3 2026, showing the share of revenue converted to profit. This is down 11.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.
Walt Disney Company's ROE was 2.4% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Not reported for Q3 2026.
Capital Allocation
Walt Disney Company spent $1.7B on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 145.4% from the same quarter a year earlier. Against the prior quarter it is down 49.7%.
Walt Disney Company invested $1.8B in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is down 9.1%.
Not reported for Q3 2026.
DIS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.2B+6.8% | $25.2B+6.5% | $26.0B+5.2% | $22.5B-0.5% | $23.6B+2.1% | $23.6B+7.0% | $24.7B+4.8% | $22.6B+1.1% |
| SG&A Expenses | $4.0B-4.2% | $4.1B+2.3% | $4.1B+4.9% | $4.4B+3.1% | $4.1B+6.9% | $4.0B+5.0% | $3.9B+3.9% | $4.3B+11.4% |
| Operating Income | $5.6B+21.4% | $4.6B+3.8% | $4.6B-9.1% | $3.5B-4.8% | $4.6B+8.3% | $4.4B+15.4% | $5.1B+30.5% | $3.7B+2.7% |
| EBITDA | $7.0B+18.0% | $6.0B+4.3% | $5.9B-6.6% | $4.9B-1.3% | $5.9B+8.5% | $5.8B+13.2% | $6.3B+23.8% | $4.9B+0.8% |
| Interest Expense | $463.0M+5.7% | $473.0M+0.4% | $443.0M-9.0% | -$3.2B+11.1% | $438.0M-13.9% | $471.0M-6.0% | $487.0M-7.8% | -$3.6B-817.3% |
| Income Tax | $801.0M+129.3% | $902.0M+387.3% | $1.2B+19.0% | $602.0M+56.8% | -$2.7B-1188.4% | -$314.0M-171.2% | $1.0B+41.1% | $384.0M+1921.1% |
| Net Income | $2.6B-49.9% | $2.2B-31.4% | $2.4B-6.0% | $1.3B+185.4% | $5.3B+100.8% | $3.3B+16475.0% | $2.6B+33.6% | $460.0M+200.0% |
| EPS (Basic) | $1.52-47.9% | $1.27-29.8% | $1.34-5.0% | $0.74+196.0% | $2.92+102.8% | $1.81+18200.0% | $1.41+35.6% | $0.25+200.0% |
| EPS (Diluted) | $1.51-48.3% | $1.27-29.8% | $1.34-4.3% | $0.73+180.8% | $2.92+104.2% | $1.81+18200.0% | $1.40+34.6% | $0.26+204.0% |
| Diluted Shares (Avg) | 1.74B-3.4% | 1.77B-2.3% | 1.79B-1.4% | N/A | 1.80B-1.3% | 1.81B-1.1% | 1.82B-0.9% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
DIS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $204.7B+4.1% | $205.2B+4.8% | $202.1B+2.6% | $197.5B+0.7% | $196.6B-0.6% | $195.8B+0.4% | $197.0B-0.4% | $196.2B-3.7% |
| Current Assets | $24.9B+4.5% | $24.6B+8.2% | $25.5B+7.6% | $24.3B-3.9% | $23.8B-6.6% | $22.7B-7.7% | $23.7B-8.9% | $25.2B-16.3% |
| Cash & Equivalents | $5.2B-3.4% | $5.7B-2.9% | $5.7B+3.5% | $5.7B-5.1% | $5.4B-9.9% | $5.9B-11.8% | $5.5B-23.7% | $6.0B-47.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $2.1B0.0% | $2.1B+4.1% | $2.2B+6.9% | $2.1B+5.5% | $2.1B+4.8% | $2.0B+2.6% | $2.0B+3.3% | $2.0B+6.4% |
| Long-Term Investments | $7.6B-12.0% | $8.4B-4.5% | $8.1B-9.5% | $8.1B+81.6% | $8.7B+87.2% | $8.8B+192.5% | $8.9B+188.7% | $4.5B+45.6% |
| Goodwill | $74.7B+1.9% | $74.7B+1.9% | $74.7B+2.0% | $73.3B0.0% | $73.3B-0.8% | $73.3B-0.8% | $73.3B-4.9% | $73.3B-5.8% |
| Total Liabilities | $94.7B+8.3% | $96.5B+5.5% | $93.6B-1.6% | $87.6B-8.2% | $87.5B-10.0% | $91.5B-4.6% | $95.1B-2.0% | $95.5B-10.0% |
| Current Liabilities | $35.1B+6.5% | $36.2B+6.4% | $38.0B+9.2% | $34.2B-1.3% | $33.0B-7.4% | $34.0B+3.5% | $34.8B+12.3% | $34.6B+22.5% |
| Non-Current Liabilities | $59.6B+9.4% | $60.3B+4.9% | $55.6B-7.8% | $53.5B-12.2% | $54.5B-11.4% | $57.5B-8.8% | $60.3B-8.7% | $60.9B-21.8% |
| Long-Term Debt | $37.4B+2.4% | $38.5B+5.6% | $35.8B-7.4% | $35.3B-9.4% | $36.5B-7.6% | $36.4B-7.8% | $38.7B-7.0% | $39.0B-12.5% |
| Total Equity | $110.0B+0.8% | $108.7B+4.2% | $108.5B+6.4% | $109.9B+9.1% | $109.1B+8.5% | $104.3B+5.1% | $101.9B+1.2% | $100.7B+3.2% |
| Retained Earnings | $65.1B+10.1% | $62.4B+16.1% | $60.2B+19.2% | $60.4B+21.5% | $59.1B+20.0% | $53.7B+15.2% | $50.5B+6.3% | $49.7B+8.6% |
Not reported in any period shown, so not listed: Accounts Receivable.
DIS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.9B+32.6% | $6.9B+2.4% | $735.0M-77.1% | $4.5B-18.9% | $3.7B+41.0% | $6.8B+84.2% | $3.2B+46.7% | $5.5B+96.9% |
| Depreciation & Amortization | $1.4B+6.2% | $1.4B+6.1% | $1.3B+3.1% | $1.4B+8.5% | $1.3B+9.2% | $1.3B+6.6% | $1.3B+2.7% | $1.3B-4.4% |
| Stock-Based Compensation | $423.0M+18.5% | $405.0M+22.7% | $332.0M+4.7% | N/A | $357.0M-1.1% | $330.0M-10.1% | $317.0M+2.9% | N/A |
| Capital Expenditures | $1.8B+0.8% | $2.0B+6.0% | $3.0B+22.2% | $1.9B+28.7% | $1.8B+30.4% | $1.9B+47.9% | $2.5B+89.8% | $1.5B+27.8% |
| Free Cash Flow | $3.1B+62.6% | $4.9B+1.0% | -$2.3B-408.3% | $2.6B-36.5% | $1.9B+52.7% | $4.9B+103.2% | $739.0M-16.6% | $4.0B+146.1% |
| Investing Cash Flow | -$1.8B-3.9% | -$2.7B-43.9% | -$2.7B-6.3% | -$1.9B+6.5% | -$1.7B+26.8% | -$1.9B-45.2% | -$2.6B-106.7% | -$2.0B-175.5% |
| Financing Cash Flow | -$3.6B-41.0% | -$4.1B+9.0% | $2.0B+299.0% | -$2.3B+36.2% | -$2.5B-182.5% | -$4.6B-61.7% | -$997.0M+87.5% | -$3.6B-256.2% |
| Dividends Paid | $0 | N/A | N/A | $898.0M+9.9% | $0 | N/A | N/A | $817.0M |
| Share Buybacks | $1.7B+145.4% | $3.5B+249.7% | $2.0B+156.2% | $1.0B+114.1% | $711.0M-53.3% | $991.0M-1.0% | $794.0M | $469.0M |
DIS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 22.0%+2.7pp | 18.3%-0.5pp | 17.7%-2.8pp | 15.5%-0.7pp | 19.3%+1.1pp | 18.8%+1.4pp | 20.5%+4.0pp | 16.2%+0.3pp |
| Net Margin | 10.4%-11.8pp | 8.9%-4.9pp | 9.3%-1.1pp | 5.8%+3.8pp | 22.3%+10.9pp | 13.9%+14.0pp | 10.3%+2.2pp | 2.0%+4.1pp |
| Return on Equity | 2.4%-2.4pp | 2.1%-1.1pp | 2.2%-0.3pp | 1.2%+0.7pp | 4.8%+2.2pp | 3.1%+3.2pp | 2.5%+0.6pp | 0.5%+0.9pp |
| Return on Assets | 1.3%-1.4pp | 1.1%-0.6pp | 1.2%-0.1pp | 0.7%+0.4pp | 2.7%+1.4pp | 1.7%+1.7pp | 1.3%+0.3pp | 0.2%+0.5pp |
| Current Ratio | 0.710.0x | 0.680.0x | 0.670.0x | 0.710.0x | 0.720.0x | 0.67-0.1x | 0.68-0.2x | 0.73-0.3x |
| Debt-to-Equity | 0.340.0x | 0.350.0x | 0.330.0x | 0.32-0.1x | 0.33-0.1x | 0.350.0x | 0.380.0x | 0.39-0.1x |
| Asset Turnover | 0.120.0x | 0.120.0x | 0.130.0x | 0.110.0x | 0.120.0x | 0.120.0x | 0.130.0x | 0.120.0x |
| FCF Margin | 12.2%+4.2pp | 19.6%-1.1pp | -8.8%-11.8pp | 11.4%-6.5pp | 8.0%+2.6pp | 20.7%+9.8pp | 3.0%-0.8pp | 17.8%+10.5pp |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Walt Disney Company DIS | FY2025 | $94.4B | $12.4B | 13.1% | $176.5B | 52/100 |
| NetFlix Inc NFLX | FY2025 | $45.2B | $11.0B | 24.3% | $279.2B | 73/100 |
| Warner Bros. Discovery WBD | FY2025 | $37.3B | $727.0M | 1.9% | $77.6B | 26/100 |
| Fox Corporation FOXA | FY2026 | $17.1B | $1.7B | 9.8% | $26.3B | 46/100 |
| Live Nation Entertainment Inc. LYV | FY2025 | $25.2B | $496.0M | 2.0% | $39.3B | 45/100 |
| TKO Group Holdings, Inc. TKO | FY2025 | $4.7B | $546.3M | 11.5% | $12.8B | 42/100 |
Where Walt Disney Company Ranks
Frequently Asked Questions
What is Walt Disney Company's annual revenue?
Walt Disney Company (DIS) reported $94.4B in total revenue for fiscal year 2025. This represents a 3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Walt Disney Company's revenue growing?
Walt Disney Company (DIS) revenue grew by 3.4% year-over-year, from $91.4B to $94.4B in fiscal year 2025.
Is Walt Disney Company profitable?
Yes, Walt Disney Company (DIS) reported a net income of $12.4B in fiscal year 2025, with a net profit margin of 13.1%.
What is Walt Disney Company's EBITDA?
Walt Disney Company (DIS) had EBITDA of $22.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Walt Disney Company have?
As of fiscal year 2025, Walt Disney Company (DIS) had $5.7B in cash and equivalents against $35.3B in long-term debt.
What is Walt Disney Company's operating margin?
Walt Disney Company (DIS) had an operating margin of 18.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Walt Disney Company's net profit margin?
Walt Disney Company (DIS) had a net profit margin of 13.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Walt Disney Company's return on equity (ROE)?
Walt Disney Company (DIS) has a return on equity of 11.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Walt Disney Company's free cash flow?
Walt Disney Company (DIS) generated $10.1B in free cash flow during fiscal year 2025. This represents a 17.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Walt Disney Company's operating cash flow?
Walt Disney Company (DIS) generated $18.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Walt Disney Company's total assets?
Walt Disney Company (DIS) had $197.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Walt Disney Company's capital expenditures?
Walt Disney Company (DIS) invested $8.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Walt Disney Company's current ratio?
Walt Disney Company (DIS) had a current ratio of 0.71 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Walt Disney Company's debt-to-equity ratio?
Walt Disney Company (DIS) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Walt Disney Company's return on assets (ROA)?
Walt Disney Company (DIS) had a return on assets of 6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Walt Disney Company's P/E ratio?
Walt Disney Company (DIS) trades at 20.5x earnings, its market capitalization divided by net income of $8.6B net income, trailing 12 months to June 27, 2026. The market capitalization is $176.5B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Walt Disney Company's price-to-sales ratio?
Walt Disney Company (DIS) trades at 1.8x sales, its market capitalization divided by revenue of $98.9B revenue, trailing 12 months to June 27, 2026. The market capitalization is $176.5B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Walt Disney Company's Altman Z-Score?
Walt Disney Company (DIS) has an Altman Z-Score of 2.35, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Walt Disney Company's Piotroski F-Score?
Walt Disney Company (DIS) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Walt Disney Company's earnings high quality?
Walt Disney Company (DIS) has an earnings quality ratio of 1.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Walt Disney Company cover its interest payments?
Walt Disney Company (DIS) has an interest coverage ratio of 9.69x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Walt Disney Company?
Walt Disney Company (DIS) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.