DIS (The Walt Disney Company) Stock Financials & Earnings

Company Info & Key Metrics

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks...

CEORobert Alan Iger

Country🇺🇸 United States

ExchangeNYSE

IPONov 12, 1957

www.thewaltdisneycompany.com

Revenue$26.0B

YoY Growth+5.2%

QoQ Growth+15.7%

Net Income$2.4B

EPS$1.34

Free Cash Flow-$2.3B

Gross Margin35.8%

Op. Margin14.9%

Net Margin9.2%

FCF Margin-8.8%

Rev Multiple (TTM)1.9x

P/E Ratio (TTM)14.7x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q2 23	$21.8B	$7.2B	$2.3B
Q3 23	$22.3B	$7.9B	$2.6B
Q4 23	$21.2B	$7.5B	$2.1B
Q1 24	$23.5B	$8.0B	$2.9B
Q2 24	$22.1B	$7.9B	$2.9B
Q3 24	$23.2B	$8.4B	$3.4B
Q4 24	$22.6B	$8.3B	$2.7B
Q1 25	$24.7B	$9.3B	$4.1B
Q2 25	$23.6B	$8.8B	$3.5B
Q3 25	$23.6B	$9.1B	$3.6B
Q4 25	$22.5B	$8.4B	$2.6B
Q1 26	$26.0B	$9.3B	$3.9B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q2 23	2.1x	43.8x
Q3 23	2.1x	80.1x
Q4 23	2.0x	76.6x
Q1 24	2.0x	60.4x
Q2 24	2.0x	106.4x
Q3 24	2.0x	37.8x
Q4 24	2.0x	36.3x
Q1 25	1.9x	32.1x
Q2 25	1.9x	20.2x
Q3 25	1.9x	15.6x
Q4 25	1.9x	14.5x
Q1 26	1.9x	14.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$3.2B	$2.0B
Q3 23	$2.8B	$1.6B
Q4 23	$4.8B	$3.4B
Q1 24	$2.2B	$886M
Q2 24	$3.7B	$2.4B
Q3 24	$2.6B	$1.2B
Q4 24	$5.5B	$4.0B
Q1 25	$3.2B	$739M
Q2 25	$6.8B	$4.9B
Q3 25	$3.7B	$1.9B
Q4 25	$4.5B	$2.6B
Q1 26	$735M	-$2.3B

Capital Expenditures

CapEx

Quarter	CapEx
Q2 23	$1.2B
Q3 23	$1.2B
Q4 23	$1.4B
Q1 24	$1.3B
Q2 24	$1.3B
Q3 24	$1.4B
Q4 24	$1.5B
Q1 25	$2.5B
Q2 25	$1.9B
Q3 25	$1.8B
Q4 25	$1.9B
Q1 26	$3.0B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+13.3%	+10.7%
Q3 23	+3.8%	+3.2%
Q4 23	+5.4%	-2.3%
Q1 24	+0.2%	-4.2%
Q2 24	+1.2%	-1.7%
Q3 24	+3.7%	+0.6%
Q4 24	+6.3%	+3.5%
Q1 25	+4.8%	-0.0%
Q2 25	+7.0%	+4.7%
Q3 25	+2.1%	+1.0%
Q4 25	-0.5%	+0.2%
Q1 26	+5.2%	+7.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$300M	1.4%
Q3 23	$291M	1.3%
Q4 23	$282M	1.3%
Q1 24	$308M	1.3%
Q2 24	$367M	1.7%
Q3 24	$361M	1.6%
Q4 24	$330M	1.5%
Q1 25	$317M	1.3%
Q2 25	$330M	1.4%
Q3 25	$357M	1.5%
Q4 25	$359M	1.6%
Q1 26	$332M	1.3%

OpEx Breakdown

Quarter	SG&A
Q2 23	$3.6B
Q3 23	$3.9B
Q4 23	$4.0B
Q1 24	$3.8B
Q2 24	$3.8B
Q3 24	$3.9B
Q4 24	$4.3B
Q1 25	$3.9B
Q2 25	$4.0B
Q3 25	$4.1B
Q4 25	$4.4B
Q1 26	$4.1B

Revenue Segments

Quarter	Admission	Advertising	Affiliate fees	Entertainment	License	Other Revenue	Resort and vacations	Retail and wholesale sales of merchandise, food and beverage	Subscription fees	TV/SVOD distribution licensing	Theatrical distribution licensing
Q2 23	$2.4B	$2.6B	$4.4B	$148M	$772M	$1.0B	$1.9B	$2.1B	$4.6B	$1.0B	$767M
Q3 23	$2.7B	$3.0B	$4.2B	$209M	$876M	$1.0B	$2.0B	$2.2B	$4.5B	$646M	$838M
Q4 23	$2.6B	$2.5B	$4.0B	$439M	$337M	$1.9B	$2.0B	$2.2B	$4.6B	$334M	$429M
Q1 24	$3.0B	$3.3B	$4.1B	$209M	$1.2B	$1.3B	$2.1B	$2.5B	$4.9B	$593M	$251M
Q2 24	$2.8B	$2.7B	$4.1B	$189M	$788M	$1.2B	$2.1B	$2.3B	$5.2B	$550M	$123M
Q3 24	$2.8B	$3.3B	$4.0B	$142M	$845M	$1.1B	$2.1B	$2.2B	$5.1B	$778M	$724M
Q4 24	$2.6B	$2.5B	$3.8B	$213M	$992M	$1.1B	$2.0B	$2.2B	$5.2B	$682M	$1.2B
Q1 25	$3.1B	$3.2B	$4.0B	—	$1.1B	$1.4B	$2.2B	$2.6B	$5.5B	$1.0B	$642M
Q2 25	$2.9B	$2.8B	$4.0B	—	$852M	$1.2B	$2.4B	$2.3B	$5.6B	$998M	$646M
Q3 25	$3.0B	$2.8B	$3.7B	—	$875M	$1.1B	$2.4B	$2.4B	$5.6B	$962M	$820M

Revenue by Geography

Quarter	Americas	Asia Pacific	Europe
Q1 24	$18.6B	$2.4B	$2.6B
Q2 24	$17.6B	$2.2B	$2.3B
Q3 24	$18.3B	$2.3B	$2.6B
Q4 24	$17.6B	$2.1B	$2.8B
Q1 25	$19.9B	$2.0B	$2.9B
Q2 25	$19.5B	$1.7B	$2.5B
Q3 25	$19.2B	$1.7B	$2.8B
Q4 25	$17.9B	$1.6B	$3.0B
Q1 26	$20.9B	$2.0B	$3.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 23	$10.4B	$0	$10.4B
Q3 23	$11.5B	$0	$11.5B
Q4 23	$14.2B	$0	$14.2B
Q1 24	$7.2B	$0	$7.2B
Q2 24	$6.6B	$0	$6.6B
Q3 24	$6.0B	$0	$6.0B
Q4 24	$6.0B	$0	$6.0B
Q1 25	$5.5B	$0	$5.5B
Q2 25	$5.9B	$0	$5.9B
Q3 25	$5.4B	$0	$5.4B
Q4 25	$5.7B	$0	$5.7B
Q1 26	$5.7B	$0	$5.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q2 23	1.83B	+0.2%
Q3 23	1.83B	-0.1%
Q4 23	1.83B	+0.2%
Q1 24	1.83B	+0.1%
Q2 24	1.83B	-0.1%
Q3 24	1.83B	-0.3%
Q4 24	1.82B	-0.5%
Q1 25	1.82B	-0.1%
Q2 25	1.81B	-0.2%
Q3 25	1.80B	-0.5%
Q4 25	1.81B	+0.3%
Q1 26	1.79B	-1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	$312K	223K
FY 20	$322K	203K
FY 21	$355K	190K
FY 22	$376K	220K
FY 23	$395K	225K
FY 24	$392K	233K
FY 25	$409K	231K