{ "ticker": "DIS", "cik": "0001744489", "company": "The Walt Disney Company", "business_type": "media and entertainment (diversified operating company)", "schema_template": "standard operating company, adapted to Disney's own three-segment presentation (Entertainment, Sports, Experiences)", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions)", "units_notes_seen": { "FY2025 10-K consolidated statements of income": "(in millions, except per share data)", "FY2025 10-K consolidated balance sheets": "(in millions, except share data)", "FY2025 10-K consolidated statements of cash flows": "(in millions)", "FY2025 10-K consolidated statements of shareholders' equity": "(in millions)", "FY2025 10-K segment information note": "(Tabular dollars in millions, except where noted and per share amounts)", "Q3 FY2026 10-Q condensed consolidated statements of income": "(unaudited; in millions, except per share data)", "Q3 FY2026 10-Q condensed consolidated balance sheets": "(unaudited; in millions, except per share data)", "Q3 FY2026 10-Q condensed consolidated statements of cash flows": "(unaudited; in millions)", "Q3 FY2026 10-Q condensed consolidated statements of equity": "(unaudited; in millions)", "Q3 FY2026 10-Q segment information note": "(unaudited; tabular dollars in millions, except for per share data)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "None. The Walt Disney Company reports in U.S. dollars, so no currency conversion was applied.", "note": "No stock split has occurred in the periods covered, the company is a U.S. domestic filer rather than an ADR, and no per-share figure required restating." }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2024-09-29", "period_end": "2025-09-27", "period_type": "fiscal year", "source_accession": "0001744489-25-000155", "income_statement": { "services_revenue": 84588000000, "products_revenue": 9837000000, "total_revenues": 94425000000, "cost_of_services_excluding_depreciation_and_amortization": -52677000000, "cost_of_products_excluding_depreciation_and_amortization": -6089000000, "selling_general_administrative_and_other": -16501000000, "depreciation_and_amortization": -5326000000, "total_costs_and_expenses": -80593000000, "restructuring_and_impairment_charges": -819000000, "other_income_expense_net": 0, "interest_expense_net": -1305000000, "equity_in_the_income_of_investees": 295000000, "income_before_income_taxes": 12003000000, "income_taxes": 1428000000, "net_income_including_noncontrolling_interests": 13431000000, "net_income_attributable_to_noncontrolling_interests": -1027000000, "net_income": 12404000000, "diluted_eps": 6.85, "basic_eps": 6.88, "diluted_shares": 1811000000, "basic_shares": 1804000000 }, "segments": { "entertainment_revenue": 42466000000, "sports_revenue": 17672000000, "experiences_revenue": 36156000000, "intersegment_eliminations": -1869000000, "entertainment_operating_income": 4674000000, "sports_operating_income": 2882000000, "experiences_operating_income": 9995000000, "total_segment_operating_income": 17551000000 }, "balance_sheet": { "cash_and_cash_equivalents": 5695000000, "receivables_net": 13217000000, "inventories": 2134000000, "total_current_assets": 24267000000, "produced_and_licensed_content_costs": 31327000000, "parks_resorts_and_other_property_net": 41255000000, "intangible_assets_net": 9272000000, "goodwill": 73294000000, "total_assets": 197514000000, "current_portion_of_borrowings": 6711000000, "total_current_liabilities": 34162000000, "long_term_borrowings": 35315000000, "total_disney_shareholders_equity": 109869000000, "noncontrolling_interests": 4743000000, "total_equity": 114612000000, "shares_outstanding_at_period_end": 1791000000, "total_debt": 42026000000, "net_debt": 36331000000, "total_liabilities": 82902000000 }, "cash_flow": { "operating_cash_flow": 18101000000, "capex": -8024000000, "cash_used_in_investing_activities": -8043000000, "dividends_paid": -1803000000, "share_repurchases": -3500000000, "cash_used_in_financing_activities": -10366000000, "free_cash_flow": 10077000000, "dividends_per_share_paid": 1.0 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2023-10-01", "period_end": "2024-09-28", "period_type": "fiscal year", "source_accession": "0001744489-25-000155", "income_statement": { "services_revenue": 81841000000, "products_revenue": 9520000000, "total_revenues": 91361000000, "cost_of_services_excluding_depreciation_and_amortization": -52509000000, "cost_of_products_excluding_depreciation_and_amortization": -6189000000, "selling_general_administrative_and_other": -15759000000, "depreciation_and_amortization": -4990000000, "total_costs_and_expenses": -79447000000, "restructuring_and_impairment_charges": -3595000000, "other_income_expense_net": -65000000, "interest_expense_net": -1260000000, "equity_in_the_income_of_investees": 575000000, "income_before_income_taxes": 7569000000, "income_taxes": -1796000000, "net_income_including_noncontrolling_interests": 5773000000, "net_income_attributable_to_noncontrolling_interests": -801000000, "net_income": 4972000000, "diluted_eps": 2.72, "basic_eps": 2.72, "diluted_shares": 1831000000, "basic_shares": 1825000000 }, "segments": { "entertainment_revenue": 41186000000, "sports_revenue": 17619000000, "experiences_revenue": 34151000000, "intersegment_eliminations": -1595000000, "entertainment_operating_income": 3923000000, "sports_operating_income": 2406000000, "experiences_operating_income": 9272000000, "total_segment_operating_income": 15601000000 }, "balance_sheet": { "cash_and_cash_equivalents": 6002000000, "receivables_net": 12729000000, "inventories": 2022000000, "total_current_assets": 25241000000, "produced_and_licensed_content_costs": 32312000000, "parks_resorts_and_other_property_net": 37041000000, "intangible_assets_net": 10739000000, "goodwill": 73326000000, "total_assets": 196219000000, "current_portion_of_borrowings": 6845000000, "total_current_liabilities": 34599000000, "long_term_borrowings": 38970000000, "total_disney_shareholders_equity": 100696000000, "noncontrolling_interests": 4826000000, "total_equity": 105522000000, "shares_outstanding_at_period_end": 1812000000, "total_debt": 45815000000, "net_debt": 39813000000, "total_liabilities": 90697000000 }, "cash_flow": { "operating_cash_flow": 13971000000, "capex": -5412000000, "cash_used_in_investing_activities": -6881000000, "dividends_paid": -1366000000, "share_repurchases": -2992000000, "cash_used_in_financing_activities": -15288000000, "free_cash_flow": 8559000000, "dividends_per_share_paid": 0.75 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2022-10-02", "period_end": "2023-09-30", "period_type": "fiscal year", "source_accession": "0001744489-25-000155", "income_statement": { "services_revenue": 79562000000, "products_revenue": 9336000000, "total_revenues": 88898000000, "cost_of_services_excluding_depreciation_and_amortization": -53139000000, "cost_of_products_excluding_depreciation_and_amortization": -6062000000, "selling_general_administrative_and_other": -15336000000, "depreciation_and_amortization": -5369000000, "total_costs_and_expenses": -79906000000, "restructuring_and_impairment_charges": -3892000000, "other_income_expense_net": 96000000, "interest_expense_net": -1209000000, "equity_in_the_income_of_investees": 782000000, "income_before_income_taxes": 4769000000, "income_taxes": -1379000000, "net_income_including_noncontrolling_interests": 3390000000, "net_income_attributable_to_noncontrolling_interests": -1036000000, "net_income": 2354000000, "diluted_eps": 1.29, "basic_eps": 1.29, "diluted_shares": 1830000000, "basic_shares": 1828000000 }, "segments": { "entertainment_revenue": 40635000000, "sports_revenue": 17111000000, "experiences_revenue": 32549000000, "intersegment_eliminations": -1397000000, "entertainment_operating_income": 1444000000, "sports_operating_income": 2465000000, "experiences_operating_income": 8954000000, "total_segment_operating_income": 12863000000 }, "balance_sheet": { "shares_outstanding_at_period_end": 1830000000, "total_disney_shareholders_equity": 99277000000, "noncontrolling_interests": 4680000000, "total_equity": 103957000000 }, "cash_flow": { "operating_cash_flow": 9866000000, "capex": -4969000000, "cash_used_in_investing_activities": -4641000000, "dividends_paid": 0, "share_repurchases": 0, "cash_used_in_financing_activities": -2724000000, "free_cash_flow": 4897000000, "dividends_per_share_paid": 0.0 } } ], "quarterly": [ { "fiscal_year": 2026, "label": "Q3 FY2026", "period_start": "2026-03-29", "period_end": "2026-06-27", "period_type": "three months", "source_accession": "0001744489-26-000057", "income_statement": { "services_revenue": 22675000000, "products_revenue": 2573000000, "total_revenues": 25248000000, "cost_of_services_excluding_depreciation_and_amortization": -13674000000, "cost_of_products_excluding_depreciation_and_amortization": -1432000000, "selling_general_administrative_and_other": -3968000000, "depreciation_and_amortization": -1414000000, "total_costs_and_expenses": -20488000000, "restructuring_and_impairment_charges": -900000000, "interest_expense_net": -298000000, "equity_in_the_income_of_investees": 83000000, "income_before_income_taxes": 3645000000, "income_taxes": -801000000, "net_income_including_noncontrolling_interests": 2844000000, "net_income_attributable_to_noncontrolling_interests": -206000000, "net_income": 2638000000, "diluted_eps": 1.51, "basic_eps": 1.52, "diluted_shares": 1743000000, "basic_shares": 1738000000 }, "segments": { "entertainment_revenue": 11345000000, "sports_revenue": 4500000000, "experiences_revenue": 9968000000, "intersegment_eliminations": -565000000, "entertainment_operating_income": 1680000000, "sports_operating_income": 858000000, "experiences_operating_income": 3017000000, "total_segment_operating_income": 5555000000 }, "balance_sheet": { "cash_and_cash_equivalents": 5185000000, "receivables_net": 14553000000, "inventories": 2081000000, "total_current_assets": 24892000000, "produced_and_licensed_content_costs": 30193000000, "parks_resorts_and_other_property_net": 44744000000, "intangible_assets_net": 9786000000, "goodwill": 74682000000, "total_assets": 204740000000, "current_portion_of_borrowings": 8627000000, "total_current_liabilities": 35105000000, "long_term_borrowings": 37414000000, "total_disney_shareholders_equity": 110032000000, "noncontrolling_interests": 6810000000, "total_equity": 116842000000, "shares_outstanding_at_period_end": 1730000000, "total_debt": 46041000000, "net_debt": 40856000000, "total_liabilities": 87898000000 } }, { "fiscal_year": 2025, "label": "Q3 FY2025", "period_start": "2025-03-30", "period_end": "2025-06-28", "period_type": "three months", "source_accession": "0001744489-26-000057", "income_statement": { "services_revenue": 21214000000, "products_revenue": 2436000000, "total_revenues": 23650000000, "cost_of_services_excluding_depreciation_and_amortization": -13034000000, "cost_of_products_excluding_depreciation_and_amortization": -1498000000, "selling_general_administrative_and_other": -4141000000, "depreciation_and_amortization": -1332000000, "total_costs_and_expenses": -20005000000, "restructuring_and_impairment_charges": -185000000, "interest_expense_net": -324000000, "equity_in_the_income_of_investees": 75000000, "income_before_income_taxes": 3211000000, "income_taxes": 2732000000, "net_income_including_noncontrolling_interests": 5943000000, "net_income_attributable_to_noncontrolling_interests": -681000000, "net_income": 5262000000, "diluted_eps": 2.92, "basic_eps": 2.92, "diluted_shares": 1805000000, "basic_shares": 1799000000 }, "segments": { "entertainment_revenue": 10704000000, "sports_revenue": 4308000000, "experiences_revenue": 9086000000, "intersegment_eliminations": -448000000, "entertainment_operating_income": 1022000000, "sports_operating_income": 1037000000, "experiences_operating_income": 2516000000, "total_segment_operating_income": 4575000000 }, "balance_sheet": { "shares_outstanding_at_period_end": 1797000000, "total_disney_shareholders_equity": 109145000000, "noncontrolling_interests": 4611000000, "total_equity": 113756000000 } } ], "year_to_date": { "label": "Nine months ended June 27, 2026", "period_start": "2025-09-28", "period_end": "2026-06-27", "period_type": "nine months", "source_accession": "0001744489-26-000057", "income_statement": { "services_revenue": 68565000000, "products_revenue": 7832000000, "total_revenues": 76397000000, "cost_of_services_excluding_depreciation_and_amortization": -43094000000, "cost_of_products_excluding_depreciation_and_amortization": -4582000000, "selling_general_administrative_and_other": -12162000000, "depreciation_and_amortization": -4135000000, "total_costs_and_expenses": -63973000000, "restructuring_and_impairment_charges": -1139000000, "interest_expense_net": -813000000, "equity_in_the_income_of_investees": 233000000, "income_before_income_taxes": 10705000000, "income_taxes": -2912000000, "net_income_including_noncontrolling_interests": 7793000000, "net_income_attributable_to_noncontrolling_interests": -506000000, "net_income": 7287000000, "diluted_eps": 4.12, "basic_eps": 4.13, "diluted_shares": 1769000000, "basic_shares": 1763000000 }, "segments": { "entertainment_revenue": 34669000000, "sports_revenue": 14018000000, "experiences_revenue": 29461000000, "intersegment_eliminations": -1751000000, "entertainment_operating_income": 4116000000, "sports_operating_income": 1701000000, "experiences_operating_income": 8941000000, "total_segment_operating_income": 14758000000 }, "cash_flow": { "operating_cash_flow": 12515000000, "capex": -6780000000, "cash_used_in_investing_activities": -7256000000, "dividends_paid": -1337000000, "share_repurchases": -7245000000, "cash_used_in_financing_activities": -5740000000, "free_cash_flow": 5735000000, "dividends_per_share_paid": 0.75 }, "prior_year_comparative": { "label": "Nine months ended June 28, 2025", "period_start": "2024-09-29", "period_end": "2025-06-28", "period_type": "nine months", "source_accession": "0001744489-26-000057", "income_statement": { "services_revenue": 64520000000, "products_revenue": 7441000000, "total_revenues": 71961000000, "cost_of_services_excluding_depreciation_and_amortization": -40201000000, "cost_of_products_excluding_depreciation_and_amortization": -4547000000, "selling_general_administrative_and_other": -12052000000, "depreciation_and_amortization": -3932000000, "total_costs_and_expenses": -60732000000, "restructuring_and_impairment_charges": -437000000, "interest_expense_net": -1037000000, "equity_in_the_income_of_investees": 203000000, "income_before_income_taxes": 9958000000, "income_taxes": 2030000000, "net_income_including_noncontrolling_interests": 11988000000, "net_income_attributable_to_noncontrolling_interests": -897000000, "net_income": 11091000000, "diluted_eps": 6.12, "basic_eps": 6.14, "diluted_shares": 1812000000, "basic_shares": 1806000000 }, "segments": { "entertainment_revenue": 32258000000, "sports_revenue": 13692000000, "experiences_revenue": 27390000000, "intersegment_eliminations": -1379000000, "entertainment_operating_income": 3983000000, "sports_operating_income": 1971000000, "experiences_operating_income": 8117000000, "total_segment_operating_income": 14071000000 }, "cash_flow": { "operating_cash_flow": 13627000000, "capex": -6108000000, "cash_used_in_investing_activities": -6193000000, "dividends_paid": -905000000, "share_repurchases": -2496000000, "cash_used_in_financing_activities": -8090000000, "free_cash_flow": 7519000000, "dividends_per_share_paid": 0.5 } } }, "trailing_twelve_months": { "label": "Twelve months ended June 27, 2026", "period_start": "2025-06-29", "period_end": "2026-06-27", "period_type": "trailing twelve months", "source_accession": "0001744489-26-000057; 0001744489-25-000155", "derivation": "fiscal 2025 full year plus the nine months ended June 27, 2026 less the nine months ended June 28, 2025", "income_statement": { "services_revenue": 88633000000, "products_revenue": 10228000000, "total_revenues": 98861000000, "cost_of_services_excluding_depreciation_and_amortization": -55570000000, "cost_of_products_excluding_depreciation_and_amortization": -6124000000, "selling_general_administrative_and_other": -16611000000, "depreciation_and_amortization": -5529000000, "total_costs_and_expenses": -83834000000, "restructuring_and_impairment_charges": -1521000000, "interest_expense_net": -1081000000, "equity_in_the_income_of_investees": 325000000, "income_before_income_taxes": 12750000000, "income_taxes": -3514000000, "net_income_including_noncontrolling_interests": 9236000000, "net_income_attributable_to_noncontrolling_interests": -636000000, "net_income": 8600000000, "diluted_eps": 4.85, "basic_eps": 4.87 }, "segments": { "entertainment_revenue": 44877000000, "sports_revenue": 17998000000, "experiences_revenue": 38227000000, "intersegment_eliminations": -2241000000, "entertainment_operating_income": 4807000000, "sports_operating_income": 2612000000, "experiences_operating_income": 10819000000, "total_segment_operating_income": 18238000000 }, "cash_flow": { "operating_cash_flow": 16989000000, "capex": -8696000000, "cash_used_in_investing_activities": -9106000000, "dividends_paid": -2235000000, "share_repurchases": -8249000000, "cash_used_in_financing_activities": -8016000000, "free_cash_flow": 8293000000, "dividends_per_share_paid": 1.25 } }, "notes": [ "Figures come from two filings: the FY2025 Form 10-K (accession 0001744489-25-000155, fiscal year ended September 27, 2025) and the Form 10-Q for the quarter ended June 27, 2026 (accession 0001744489-26-000057). Every figure is taken from the face of a statement or a note in one of those two filings.", "Disney's fiscal year ends on the Saturday closest to September 30, so periods are 52 or 53 weeks rather than calendar quarters and years: fiscal 2025 ran September 29, 2024 to September 27, 2025, and the third quarter of fiscal 2026 ran March 29, 2026 to June 27, 2026.", "All amounts are in actual U.S. dollars. The statements themselves print dollars in millions and share counts in millions; those figures have been scaled up, and per-share amounts are left as printed.", "The 10-K presents three fiscal years of income statement and cash flow but only two balance sheet dates (September 27, 2025 and September 28, 2024). Fiscal 2023 therefore carries an income statement and a cash flow statement but no full balance sheet; its equity figures are taken from the statement of shareholders' equity, which does show the September 30, 2023 position.", "The 10-Q prints four income statement columns - the quarter and nine months for fiscal 2026 alongside the same two periods of fiscal 2025. Only the three-month columns are recorded as quarters. The nine-month columns are in the year-to-date block, with the prior-year nine months nested inside it as the comparative.", "Disney's cash flow statement in the 10-Q covers the nine months only, so no quarterly cash flow is reported. The first and second quarters of fiscal 2026 are not shown discretely in this 10-Q and are not reported here.", "Disney's income statement does not print a consolidated operating income subtotal, so none is reported. The company's own operating measure, total segment operating income, is carried for every period, together with the three segments (Entertainment, Sports, Experiences) that make it up.", "Total liabilities, total debt, net debt and free cash flow are not printed as such and are computed from lines that are: total liabilities as total assets less total equity, total debt as the current portion of borrowings plus long-term borrowings, net debt as total debt less cash, and free cash flow as cash provided by operations less investments in parks, resorts and other property.", "The trailing-twelve-month view is built as fiscal 2025 plus the nine months ended June 27, 2026 less the nine months ended June 28, 2025. Its revenue, expense and cash flow lines add up exactly; its per-share figures are the sum of the reported per-share amounts and are approximate, because the weighted share count differs between the periods being combined.", "Dividends per share are the installments actually paid within each period, taken from the dividend table in the FY2025 10-K: $0.30 paid January 10, 2024 and $0.45 paid July 25, 2024 (fiscal 2024); $0.50 paid January 16, 2025 and $0.50 paid July 23, 2025 (fiscal 2025); $0.75 paid January 15, 2026 (the fiscal 2026 nine months). No dividend was declared or paid in fiscal 2023. A further $0.75 per share was payable on July 22, 2026, which falls in Disney's fourth fiscal quarter.", "Fiscal 2025 income taxes are a net benefit of $1,428 million rather than an expense, which is why net income of $13,431 million exceeds pre-tax income of $12,003 million that year. The same effect appears in the June 2025 quarter and nine months, where the tax line is also a benefit.", "The June 2026 quarter's results include FuboTV, consolidated from October 29, 2025, and the media assets acquired from the NFL, consolidated from January 31, 2026. Those transactions are also why noncontrolling interests on the balance sheet rise from $4,743 million at September 27, 2025 to $6,810 million at June 27, 2026.", "The 10-Q states that certain reclassifications were made to the fiscal 2025 figures to conform to the fiscal 2026 presentation. The fiscal 2025 comparative amounts shown here for the June 2025 quarter and nine months are as the June 2026 10-Q presents them.", "Treasury shares rose from 79 million at September 27, 2025 to 148 million at June 27, 2026, reflecting $7,245 million of buybacks in the first nine months of fiscal 2026 against $3,500 million in all of fiscal 2025." ], "uncertainties": [ "The first and second quarters of fiscal 2026 are not reported. Neither of the two filings used here presents them as discrete three-month periods, and deriving them would require figures from earlier filings that are outside this record.", "No balance sheet is reported for fiscal 2023 beyond the equity totals. The FY2025 10-K's balance sheet shows only September 27, 2025 and September 28, 2024, so fiscal 2023 total assets, debt and cash are not available from it.", "No balance sheet is reported for the June 2025 quarter beyond the equity totals, for the same reason: the 10-Q's balance sheet shows June 27, 2026 and September 27, 2025 only, while the equity statement does show the June 28, 2025 position.", "The trailing-twelve-month diluted earnings per share of $4.85 is the sum of reported per-share amounts across periods with different weighted share counts, so it is close to but not exactly the figure a full twelve-month EPS calculation would produce.", "Dividends per share are stated on a paid-within-the-period basis. Disney pays semi-annually and declares once a year, so a declared-basis figure would fall in different periods." ], "definitions": { "net_income": "Net income attributable to The Walt Disney Company, which is the figure Disney's earnings per share is calculated on.", "net_income_including_noncontrolling_interests": "The 'Net income' line on the face of the income statement, before the portion attributable to noncontrolling interests (principally Hulu's and the Disney theme park joint ventures' outside owners) is deducted.", "total_costs_and_expenses": "Cost of services and cost of products (each stated exclusive of depreciation and amortization), selling, general, administrative and other, and depreciation and amortization. Restructuring and impairment charges sit below this subtotal on Disney's income statement.", "total_segment_operating_income": "Disney's own operating measure: the sum of Entertainment, Sports and Experiences segment operating income, before corporate and unallocated shared expenses, restructuring and impairment charges, net interest expense, income taxes and noncontrolling interests.", "capex": "Investments in parks, resorts and other property, as presented in investing activities.", "free_cash_flow": "Cash provided by operations less investments in parks, resorts and other property.", "total_debt": "Current portion of borrowings plus long-term borrowings.", "net_debt": "Total debt less cash and cash equivalents.", "dividends_per_share_paid": "Per-share dividend installments actually paid inside the period, from the dividend table in the FY2025 10-K." }, "headline": { "period": "Q3 FY2026", "period_end_words": "June 27, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 25248000000, "text": "$25.25 billion", "exact": "$25,248,000,000", "compact": "$25.25B", "abs": "$25.25 billion", "prior_value": 23650000000, "prior": "$23.65 billion", "priorabs": "$23.65 billion", "yoy": "up 6.8%", "source": { "array": "quarterly", "field": "income_statement.total_revenues", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-27", "period_start": "2026-03-29", "span_days": 90, "source_accession": "0001744489-26-000057", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-28", "prior_period_start": "2025-03-30", "prior_span_days": 90, "prior_source_accession": "0001744489-26-000057", "gap_days": 364 } }, { "label": "Net income", "format": "usd", "value": 2638000000, "text": "$2.64 billion", "exact": "$2,638,000,000", "compact": "$2.64B", "abs": "$2.64 billion", "prior_value": 5262000000, "prior": "$5.26 billion", "priorabs": "$5.26 billion", "yoy": "down 49.9%", "source": { "array": "quarterly", "field": "income_statement.net_income", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-27", "period_start": "2026-03-29", "span_days": 90, "source_accession": "0001744489-26-000057", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-28", "prior_period_start": "2025-03-30", "prior_span_days": 90, "prior_source_accession": "0001744489-26-000057", "gap_days": 364 } }, { "label": "Diluted EPS", "format": "eps", "value": 1.51, "text": "$1.51", "exact": "$1.51", "compact": "$1.51", "abs": "$1.51", "prior_value": 2.92, "prior": "$2.92", "priorabs": "$2.92", "yoy": "down 48.3%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-27", "period_start": "2026-03-29", "span_days": 90, "source_accession": "0001744489-26-000057", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-28", "prior_period_start": "2025-03-30", "prior_span_days": 90, "prior_source_accession": "0001744489-26-000057", "gap_days": 364 } }, { "label": "Segment operating income", "format": "usd", "value": 5555000000, "text": "$5.55 billion", "exact": "$5,555,000,000", "compact": "$5.55B", "abs": "$5.55 billion", "prior_value": 4575000000, "prior": "$4.58 billion", "priorabs": "$4.58 billion", "yoy": "up 21.4%", "source": { "array": "quarterly", "field": "segments.total_segment_operating_income", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-27", "period_start": "2026-03-29", "span_days": 90, "source_accession": "0001744489-26-000057", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-28", "prior_period_start": "2025-03-30", "prior_span_days": 90, "prior_source_accession": "0001744489-26-000057", "gap_days": 364 } }, { "label": "Experiences operating income", "format": "usd", "value": 3017000000, "text": "$3.02 billion", "exact": "$3,017,000,000", "compact": "$3.02B", "abs": "$3.02 billion", "prior_value": 2516000000, "prior": "$2.52 billion", "priorabs": "$2.52 billion", "yoy": "up 19.9%", "source": { "array": "quarterly", "field": "segments.experiences_operating_income", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-27", "period_start": "2026-03-29", "span_days": 90, "source_accession": "0001744489-26-000057", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-28", "prior_period_start": "2025-03-30", "prior_span_days": 90, "prior_source_accession": "0001744489-26-000057", "gap_days": 364 } } ], "summary": "The Walt Disney Company reported $25.25 billion in revenue for Q3 FY2026, the quarter ended June 27, 2026, up 6.8% from a year earlier, and total segment operating income of $5.55 billion, up 21.4%. Net income attributable to Disney was $2.64 billion, down 49.9%, and diluted earnings per share came to $1.51 against $2.92 a year earlier, because the year-ago quarter carried a large one-time non-cash tax benefit from a change in Hulu's tax classification while this quarter absorbed an impairment charge on Disney's stake in A+E Global Media, taken ahead of an agreement to sell it, plus severance costs. Experiences, the parks, cruise and consumer products business that supplies most of Disney's profit, earned $3.02 billion in operating income, up 19.9%, on higher cruise capacity and stronger park admissions.", "qa": [ { "q": "How much revenue did Disney report in Q3 FY2026?", "a": "The Walt Disney Company reported $25.25 billion in revenue for Q3 FY2026, the quarter ended June 27, 2026. That is up 6.8% from $23.65 billion in the same quarter a year earlier." }, { "q": "What was Disney's net income and earnings per share in Q3 FY2026?", "a": "Disney's net income attributable to shareholders was $2.64 billion in Q3 FY2026, down 49.9% from $5.26 billion a year earlier, and diluted earnings per share were $1.51 against $2.92. The decline reflects a one-time non-cash tax benefit in the year-ago quarter and an investment impairment in the current one rather than weaker operations." }, { "q": "Why did Disney's earnings fall in Q3 FY2026 when revenue rose?", "a": "Disney's revenue was $25.25 billion in Q3 FY2026, up 6.8%, and total segment operating income was $5.55 billion, up 21.4%, so the operating businesses grew. Reported net income of $2.64 billion was down 49.9% only because the year-ago quarter included a large one-time non-cash tax benefit and the current quarter carried an impairment of Disney's A+E Global Media investment." }, { "q": "How much did Disney's theme parks and Experiences segment earn in Q3 FY2026?", "a": "Disney's Experiences segment, which includes the theme parks, resorts, cruise line and consumer products, posted $3.02 billion in operating income for Q3 FY2026, up 19.9% from $2.52 billion a year earlier. It remains the largest contributor to Disney's total segment operating income of $5.55 billion." } ] }, "company_details": { "Name": "Walt Disney Co", "Ticker": "DIS", "CIK": "0001744489", "Exchange": "NYSE", "State": "California", "Incorporation": "Delaware", "SIC": "7990", "Office": "Trade & Services", "Industry": "Services-Miscellaneous Amusement & Recreation" }, "next_filing": { "predicted_date": "2026-11-19", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-06-27", "form": "10-Q", "accession": "0001744489-26-000057", "fiscal_year_end": "1003", "source": "facts" } }