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The Walt Disney Company (DIS) Q3 FY2026 Financial Statements: Revenue $25.25B, Net income $2.64B

CIK 0001744489 · NYSE · Latest period: Q3 FY2026 (ended 2026-06-27, 10-Q accession 0001744489-26-000057) · Annual report: FY2025 10-K (filed 2025-11-13, accession 0001744489-25-000155) · Next expected filing: 10-K ~2026-11-19

More for Walt Disney: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ3 FY2026

Published

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.

MetricAmountvs. year ago
Revenue$25,248,000,000up 6.8%
Net income$2,638,000,000down 49.9%
Diluted EPS$1.51down 48.3%
Segment operating income$5,555,000,000up 21.4%
Experiences operating income$3,017,000,000up 19.9%

About this file

TickerDIS
CIK0001744489
CompanyThe Walt Disney Company
Business typemedia and entertainment (diversified operating company)
Schema templatestandard operating company, adapted to Disney's own three-segment presentation (Entertainment, Sports, Experiences)
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions)

DIS annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2024-09-292023-10-012022-10-02
Period end2025-09-272024-09-282023-09-30
Period typefiscal yearfiscal yearfiscal year
Source accession0001744489-25-0001550001744489-25-0001550001744489-25-000155
Income statement
Services revenue84,588,000,00081,841,000,00079,562,000,000
Products revenue9,837,000,0009,520,000,0009,336,000,000
Total revenues94,425,000,00091,361,000,00088,898,000,000
Cost of services excluding depreciation and amortization-52,677,000,000-52,509,000,000-53,139,000,000
Cost of products excluding depreciation and amortization-6,089,000,000-6,189,000,000-6,062,000,000
Selling general administrative and other-16,501,000,000-15,759,000,000-15,336,000,000
Depreciation and amortization-5,326,000,000-4,990,000,000-5,369,000,000
Total costs and expenses-80,593,000,000-79,447,000,000-79,906,000,000
Restructuring and impairment charges-819,000,000-3,595,000,000-3,892,000,000
Other income expense net0-65,000,00096,000,000
Interest expense net-1,305,000,000-1,260,000,000-1,209,000,000
Equity in the income of investees295,000,000575,000,000782,000,000
Income before income taxes12,003,000,0007,569,000,0004,769,000,000
Income taxes1,428,000,000-1,796,000,000-1,379,000,000
Net income including noncontrolling interests13,431,000,0005,773,000,0003,390,000,000
Net income attributable to noncontrolling interests-1,027,000,000-801,000,000-1,036,000,000
Net income12,404,000,0004,972,000,0002,354,000,000
Diluted EPS6.852.721.29
Basic EPS6.882.721.29
Diluted shares1,811,000,0001,831,000,0001,830,000,000
Basic shares1,804,000,0001,825,000,0001,828,000,000
Segments
Entertainment revenue42,466,000,00041,186,000,00040,635,000,000
Sports revenue17,672,000,00017,619,000,00017,111,000,000
Experiences revenue36,156,000,00034,151,000,00032,549,000,000
Intersegment eliminations-1,869,000,000-1,595,000,000-1,397,000,000
Entertainment operating income4,674,000,0003,923,000,0001,444,000,000
Sports operating income2,882,000,0002,406,000,0002,465,000,000
Experiences operating income9,995,000,0009,272,000,0008,954,000,000
Total segment operating income17,551,000,00015,601,000,00012,863,000,000
Balance sheet
Cash and cash equivalents5,695,000,0006,002,000,000
Receivables net13,217,000,00012,729,000,000
Inventories2,134,000,0002,022,000,000
Total current assets24,267,000,00025,241,000,000
Produced and licensed content costs31,327,000,00032,312,000,000
Parks resorts and other property net41,255,000,00037,041,000,000
Intangible assets net9,272,000,00010,739,000,000
Goodwill73,294,000,00073,326,000,000
Total assets197,514,000,000196,219,000,000
Current portion of borrowings6,711,000,0006,845,000,000
Total current liabilities34,162,000,00034,599,000,000
Long term borrowings35,315,000,00038,970,000,000
Total disney shareholders equity109,869,000,000100,696,000,00099,277,000,000
Noncontrolling interests4,743,000,0004,826,000,0004,680,000,000
Total equity114,612,000,000105,522,000,000103,957,000,000
Shares outstanding at period end1,791,000,0001,812,000,0001,830,000,000
Total debt42,026,000,00045,815,000,000
Net debt36,331,000,00039,813,000,000
Total liabilities82,902,000,00090,697,000,000
Cash flow
Operating cash flow18,101,000,00013,971,000,0009,866,000,000
Capex-8,024,000,000-5,412,000,000-4,969,000,000
Cash used in investing activities-8,043,000,000-6,881,000,000-4,641,000,000
Dividends paid-1,803,000,000-1,366,000,0000
Share repurchases-3,500,000,000-2,992,000,0000
Cash used in financing activities-10,366,000,000-15,288,000,000-2,724,000,000
Free cash flow10,077,000,0008,559,000,0004,897,000,000
Dividends per share paid1.00.750.0

DIS quarterly income statement, balance sheet and cash flow

Q3 FY2026Q3 FY2025
Fiscal year20262025
LabelQ3 FY2026Q3 FY2025
Period start2026-03-292025-03-30
Period end2026-06-272025-06-28
Period typethree monthsthree months
Source accession0001744489-26-0000570001744489-26-000057
Income statement
Services revenue22,675,000,00021,214,000,000
Products revenue2,573,000,0002,436,000,000
Total revenues25,248,000,00023,650,000,000
Cost of services excluding depreciation and amortization-13,674,000,000-13,034,000,000
Cost of products excluding depreciation and amortization-1,432,000,000-1,498,000,000
Selling general administrative and other-3,968,000,000-4,141,000,000
Depreciation and amortization-1,414,000,000-1,332,000,000
Total costs and expenses-20,488,000,000-20,005,000,000
Restructuring and impairment charges-900,000,000-185,000,000
Interest expense net-298,000,000-324,000,000
Equity in the income of investees83,000,00075,000,000
Income before income taxes3,645,000,0003,211,000,000
Income taxes-801,000,0002,732,000,000
Net income including noncontrolling interests2,844,000,0005,943,000,000
Net income attributable to noncontrolling interests-206,000,000-681,000,000
Net income2,638,000,0005,262,000,000
Diluted EPS1.512.92
Basic EPS1.522.92
Diluted shares1,743,000,0001,805,000,000
Basic shares1,738,000,0001,799,000,000
Segments
Entertainment revenue11,345,000,00010,704,000,000
Sports revenue4,500,000,0004,308,000,000
Experiences revenue9,968,000,0009,086,000,000
Intersegment eliminations-565,000,000-448,000,000
Entertainment operating income1,680,000,0001,022,000,000
Sports operating income858,000,0001,037,000,000
Experiences operating income3,017,000,0002,516,000,000
Total segment operating income5,555,000,0004,575,000,000
Balance sheet
Cash and cash equivalents5,185,000,000
Receivables net14,553,000,000
Inventories2,081,000,000
Total current assets24,892,000,000
Produced and licensed content costs30,193,000,000
Parks resorts and other property net44,744,000,000
Intangible assets net9,786,000,000
Goodwill74,682,000,000
Total assets204,740,000,000
Current portion of borrowings8,627,000,000
Total current liabilities35,105,000,000
Long term borrowings37,414,000,000
Total disney shareholders equity110,032,000,000109,145,000,000
Noncontrolling interests6,810,000,0004,611,000,000
Total equity116,842,000,000113,756,000,000
Shares outstanding at period end1,730,000,0001,797,000,000
Total debt46,041,000,000
Net debt40,856,000,000
Total liabilities87,898,000,000

DIS year-to-date income statement and cash flow

Nine months ended June 27, 2026
LabelNine months ended June 27, 2026
Period start2025-09-28
Period end2026-06-27
Period typenine months
Source accession0001744489-26-000057
Income statement
Services revenue68,565,000,000
Products revenue7,832,000,000
Total revenues76,397,000,000
Cost of services excluding depreciation and amortization-43,094,000,000
Cost of products excluding depreciation and amortization-4,582,000,000
Selling general administrative and other-12,162,000,000
Depreciation and amortization-4,135,000,000
Total costs and expenses-63,973,000,000
Restructuring and impairment charges-1,139,000,000
Interest expense net-813,000,000
Equity in the income of investees233,000,000
Income before income taxes10,705,000,000
Income taxes-2,912,000,000
Net income including noncontrolling interests7,793,000,000
Net income attributable to noncontrolling interests-506,000,000
Net income7,287,000,000
Diluted EPS4.12
Basic EPS4.13
Diluted shares1,769,000,000
Basic shares1,763,000,000
Segments
Entertainment revenue34,669,000,000
Sports revenue14,018,000,000
Experiences revenue29,461,000,000
Intersegment eliminations-1,751,000,000
Entertainment operating income4,116,000,000
Sports operating income1,701,000,000
Experiences operating income8,941,000,000
Total segment operating income14,758,000,000
Cash flow
Operating cash flow12,515,000,000
Capex-6,780,000,000
Cash used in investing activities-7,256,000,000
Dividends paid-1,337,000,000
Share repurchases-7,245,000,000
Cash used in financing activities-5,740,000,000
Free cash flow5,735,000,000
Dividends per share paid0.75
Prior year comparative
LabelNine months ended June 28, 2025
Period start2024-09-29
Period end2025-06-28
Period typenine months
Source accession0001744489-26-000057
Income statement
Services revenue64,520,000,000
Products revenue7,441,000,000
Total revenues71,961,000,000
Cost of services excluding depreciation and amortization-40,201,000,000
Cost of products excluding depreciation and amortization-4,547,000,000
Selling general administrative and other-12,052,000,000
Depreciation and amortization-3,932,000,000
Total costs and expenses-60,732,000,000
Restructuring and impairment charges-437,000,000
Interest expense net-1,037,000,000
Equity in the income of investees203,000,000
Income before income taxes9,958,000,000
Income taxes2,030,000,000
Net income including noncontrolling interests11,988,000,000
Net income attributable to noncontrolling interests-897,000,000
Net income11,091,000,000
Diluted EPS6.12
Basic EPS6.14
Diluted shares1,812,000,000
Basic shares1,806,000,000
Segments
Entertainment revenue32,258,000,000
Sports revenue13,692,000,000
Experiences revenue27,390,000,000
Intersegment eliminations-1,379,000,000
Entertainment operating income3,983,000,000
Sports operating income1,971,000,000
Experiences operating income8,117,000,000
Total segment operating income14,071,000,000
Cash flow
Operating cash flow13,627,000,000
Capex-6,108,000,000
Cash used in investing activities-6,193,000,000
Dividends paid-905,000,000
Share repurchases-2,496,000,000
Cash used in financing activities-8,090,000,000
Free cash flow7,519,000,000
Dividends per share paid0.5

DIS trailing twelve month income statement and cash flow

Twelve months ended June 27, 2026
LabelTwelve months ended June 27, 2026
Period start2025-06-29
Period end2026-06-27
Period typetrailing twelve months
Source accession0001744489-26-000057; 0001744489-25-000155
Derivationfiscal 2025 full year plus the nine months ended June 27, 2026 less the nine months ended June 28, 2025
Income statement
Services revenue88,633,000,000
Products revenue10,228,000,000
Total revenues98,861,000,000
Cost of services excluding depreciation and amortization-55,570,000,000
Cost of products excluding depreciation and amortization-6,124,000,000
Selling general administrative and other-16,611,000,000
Depreciation and amortization-5,529,000,000
Total costs and expenses-83,834,000,000
Restructuring and impairment charges-1,521,000,000
Interest expense net-1,081,000,000
Equity in the income of investees325,000,000
Income before income taxes12,750,000,000
Income taxes-3,514,000,000
Net income including noncontrolling interests9,236,000,000
Net income attributable to noncontrolling interests-636,000,000
Net income8,600,000,000
Diluted EPS4.85
Basic EPS4.87
Segments
Entertainment revenue44,877,000,000
Sports revenue17,998,000,000
Experiences revenue38,227,000,000
Intersegment eliminations-2,241,000,000
Entertainment operating income4,807,000,000
Sports operating income2,612,000,000
Experiences operating income10,819,000,000
Total segment operating income18,238,000,000
Cash flow
Operating cash flow16,989,000,000
Capex-8,696,000,000
Cash used in investing activities-9,106,000,000
Dividends paid-2,235,000,000
Share repurchases-8,249,000,000
Cash used in financing activities-8,016,000,000
Free cash flow8,293,000,000
Dividends per share paid1.25

Adjustments

Value
Splits appliednone
ADR ration/a
FXNone. The Walt Disney Company reports in U.S. dollars, so no currency conversion was applied.
NoteNo 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.

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

Value
Net incomeNet income attributable to The Walt Disney Company, which is the figure Disney's earnings per share is calculated on.
Net income including noncontrolling interestsThe '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 expensesCost 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 incomeDisney'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.
CapexInvestments in parks, resorts and other property, as presented in investing activities.
Free cash flowCash provided by operations less investments in parks, resorts and other property.
Total debtCurrent portion of borrowings plus long-term borrowings.
Net debtTotal debt less cash and cash equivalents.
Dividends per share paidPer-share dividend installments actually paid inside the period, from the dividend table in the FY2025 10-K.

Company details

Value
NameWalt Disney Co
TickerDIS
CIK0001744489
ExchangeNYSE
StateCalifornia
IncorporationDelaware
SIC7990
OfficeTrade & Services
IndustryServices-Miscellaneous Amusement & Recreation

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ3
TagFY26Q3
Period end2026-06-27
Form10-Q
Accession0001744489-26-000057
Fiscal year end1003
Sourcefacts

FAQ · Walt Disney financial statements

How much revenue did Disney report in Q3 FY2026?

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.

What was Disney's net income and earnings per share in Q3 FY2026?

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.

Why did Disney's earnings fall in Q3 FY2026 when revenue rose?

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.

How much did Disney's theme parks and Experiences segment earn in Q3 FY2026?

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.

Where can I get The Walt Disney Company (DIS) financial data in machine-readable form?

Ticker Scout publishes The Walt Disney Company's financial statements as JSON at https://tickerscout.ai/dis/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/dis/narrative.md and https://tickerscout.ai/dis/events.md. The Walt Disney Company's SEC CIK is 0001744489. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does The Walt Disney Company (DIS) next file with the SEC?

The Walt Disney Company (DIS) is expected to file its next Form 10-K with the SEC on or around November 19, 2026. That date is a projection rather than a company-announced date: it is derived from The Walt Disney Company's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q3 FY2026, the period ended 2026-06-27, SEC accession 0001744489-26-000057.

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How this page was built

This page was built from two of The Walt Disney Company's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names five such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer

Built from The Walt Disney Company's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.