| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $94.42B | $91.36B | $88.90B | $82.72B | $67.42B | $65.39B | $69.61B | $59.43B |
| Cost of Revenue | $58.77B | $58.70B | $59.20B | $54.40B | $45.13B | $43.88B | $42.06B | $32.73B |
| Gross Profit | $35.66B | $32.66B | $29.70B | $28.32B | $22.29B | $21.51B | $27.55B | $26.71B |
| Gross Margin | 37.76% | 35.75% | 33.41% | 34.24% | 33.06% | 32.89% | 39.57% | 44.94% |
| Operating Expenses | $21.83B | $20.75B | $20.70B | $21.55B | $18.63B | $17.71B | $15.72B | $11.87B |
| Operating Income | $13.83B | $11.91B | $8.99B | $6.77B | $3.66B | $3.79B | $11.83B | $14.84B |
| Operating Margin | 14.65% | 13.04% | 10.11% | 8.18% | 5.43% | 5.80% | 17.00% | 24.96% |
| Net Income | $12.40B | $4.97B | $2.35B | $3.15B | $2.00B | $-2.86B | $11.05B | $12.60B |
| Net Margin | 13.14% | 5.44% | 2.65% | 3.80% | 2.96% | -4.38% | 15.88% | 21.20% |
| EPS (Basic) | $6.88 | $2.72 | $1.29 | $1.73 | $1.10 | $-1.58 | $6.68 | $8.40 |
| EBITDA | $19.14B | $14.63B | $12.11B | $12.00B | $9.08B | $5.09B | $19.07B | $18.31B |
| Stock Option Compensation Expense | $1.36B | $1.37B | $1.14B | $977.00M | $600.00M | $525.00M | $711.00M | $393.00M |
| Price To Earnings Ratio | 16.50 | 35.24 | 62.94 | 54.65 | 160.22 | -77.36 | 19.52 | 13.83 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $204.70B | $175.22B | $148.16B | $171.87B | $319.63B | $221.57B | $215.81B | $174.24B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $197.51B | $196.22B | $205.58B | $203.63B | $203.61B | $201.55B | $193.98B | $98.60B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $82.90B | $90.70B | $92.57B | $95.25B | $101.39B | $104.04B | $91.13B | $44.64B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $109.87B | $100.70B | $99.28B | $95.01B | $88.55B | $83.58B | $88.88B | $48.77B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $109.87B | $100.70B | $99.28B | $95.01B | $88.55B | $83.58B | $88.88B | $48.77B |
| Total Liabilities & Stockholders Equity | $197.51B | $196.22B | $205.58B | $203.63B | $203.61B | $201.55B | $193.98B | $98.60B |
| Book Value Per Share | $63.53 | $57.82 | $61.82 | $59.48 | $56.29 | $53.93 | $62.11 | $35.99 |
| Tangible Book Value Per Share | $17.76 | $11.76 | $12.52 | $8.59 | $3.88 | $0.36 | $-0.40 | $10.59 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 6.28% | 2.53% | 1.15% | 1.54% | 0.98% | -1.42% | 5.70% | 12.78% |
| Return on Equity | 11.29% | 4.94% | 2.37% | 3.31% | 2.25% | -3.43% | 12.44% | 25.83% |
| Return on Invested Capital | 8.13% | 5.37% | 3.56% | 2.55% | 2.02% | 2.09% | 5.40% | 15.57% |
| Quick Ratio | 0.65 | 0.67 | 0.99 | 0.94 | 1.04 | 1.26 | 0.84 | 0.86 |
| Current Ratio | 0.71 | 0.73 | 1.05 | 1.00 | 1.08 | 1.32 | 0.89 | 0.94 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $12.40B | $4.97B | $2.35B | $3.15B | $2.00B | $-2.86B | $11.05B | $12.60B |
| Depreciation | $5.33B | $4.99B | $5.37B | $5.16B | $5.11B | $5.34B | $4.17B | $3.01B |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $18.10B | $13.97B | $9.87B | $6.01B | $5.57B | $7.62B | $6.61B | $14.29B |
| Capital Expenditures | $8.02B | $5.41B | $4.97B | $4.94B | $3.58B | $4.02B | $4.88B | $4.46B |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $1.80B | $1.37B | $0.00 | $0.00 | $0.00 | $1.59B | $2.90B | $2.52B |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $3.50B | $2.99B | $0.00 | $0.00 | $0.00 | $0.00 | $318.00M | $3.58B |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $10.08B | $8.56B | $4.90B | $1.07B | $1.99B | $3.60B | $1.73B | $9.83B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Operating worldwide through its various subsidiaries, The Walt Disney Company (DIS) stands as a prominent global entertainment enterprise. Its vast array of activities is organized into two primary divisions: Disney Media and Entertainment Distribution, and Disney Parks, Experiences and Products. Within its media and entertainment arm, Disney is actively engaged in developing and distributing both cinematic films and television series. This segment encompasses the management of well-known broadcast networks such as ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star, as well as renowned film studios responsible for productions under banners like Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures. The company also delivers content directly to consumers through its popular streaming platforms, including Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+. Further activities involve licensing its film and television content to external broadcasters and subscription video-on-demand services, overseeing theatrical releases, home entertainment distribution, and music distribution, staging and licensing live entertainment spectacles, and offering specialized post-production services via Industrial Light & Magic and Skywalker Sound. The "Parks, Experiences and Products" segment manages a celebrated collection of global theme parks and resorts, which notably includes Walt Disney World Resort in Florida, Disneyland Resort in California, Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort. This division also features the Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, Adventures by Disney, and Aulani, a resort and spa located in Hawaii. The company extends its brand presence by licensing its intellectual property to a third party for the operations of the Tokyo Disney Resort. A substantial part of this segment involves consumer products, where Disney licenses its iconic trade names, characters, visual elements, literary works, and other intellectual property for use on a diverse range of merchandise, published materials, and games. Moreover, it sells branded merchandise directly through its retail stores, online platforms, and wholesale channels, and actively develops and publishes various books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.
Why it moved over time
Walt Disney Company (The) reported fiscal Q3 with 7% revenue growth and 21% operating income expansion, and management guided high-single-digit FY26 revenue growth plus at least $9 billion in buybacks, a clear earnings catalyst.
Key fact: Q3 revenue +7% and operating income +21%; management guided high-single-digit FY26 revenue growth and at least $9 billion in share repurchases.
seekingalpha.com: Disney: The Turnaround Is Real, But I Am Not Buying (Earnings Review)Disney beat fiscal third-quarter estimates—driven by Toy Story 5 box-office strength and resilient parks—and reiterated double-digit earnings growth while targeting up to $9 billion in buybacks, improving its cash-return outlook.
Key fact: Reiterated double-digit earnings growth and announced a plan to repurchase up to $9 billion of shares in the current fiscal year.
fool.com: Disney Reaffirms Double-Digit Earnings Growth, Targets $9 Billion in Buybacks. Here's What Investors Need to Know.Market attention is on Disney's fiscal Q3 earnings due Aug. 5, with consensus revenue of $25.48B, as results will clarify whether the company's modest growth expectations and profitability hold.
Key fact: Zacks consensus revenue estimate for fiscal Q3 is $25.48 billion, implying about 7.75% year-over-year growth.
zacks.com: Disney Stock Before Q3 Earnings: Buy Now or Wait for Results?Investors are focused on Disney's fiscal Q3 2026 earnings report due Aug. 5, with revenue and guidance expectations (Zacks est. $25.48B) likely acting as the near-term catalyst.
Key fact: Zacks consensus estimates Disney's fiscal Q3 2026 revenue at $25.48 billion, about 7.75% year-over-year growth.
zacks.com: Disney Stock Before Q3 Earnings: Buy Now or Wait for Results?Shares are reacting to a Unified Patent Court injunction awarding InterDigital infringement claims against Disney over HEVC video encoding across 11 EU countries, a ruling Disney can appeal.
Key fact: The UPC Düsseldorf granted InterDigital an injunction against Disney for HEVC encoding patents covering 11 EU countries.
The Motley Fool: If I Were Starting Over With $500 to Invest, I'd Begin by Building a Portfolio Around This Unstoppable Stock