Walt Disney (DIS) Financials

$101.13 -0.18 (-0.17%)

As of 03:20 PM Eastern

Annual Income Statements for Walt Disney

This table shows Walt Disney's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Net Income / (Loss) Attributable to Common Shareholders	8,382	9,391	8,980	12,598	11,054	-2,864	1,995	3,145	2,354	4,972	12,404
Consolidated Net Income / (Loss)	8,852	9,790	9,366	13,066	11,584	-2,474	2,507	3,505	3,390	5,773	13,431
Net Income / (Loss) Continuing Operations	8,852	9,790	9,366	13,066	10,897	-2,442	2,536	3,553	3,390	5,773	13,431
Total Pre-Tax Income	13,868	14,868	13,788	14,729	13,923	-1,743	2,561	5,285	4,769	7,569	12,003
Total Operating Income	13,171	14,202	13,775	14,804	10,647	-1,941	3,659	6,770	8,992	11,914	13,832
Total Gross Profit	24,101	25,639	24,831	26,708	27,546	21,508	22,287	28,321	29,697	32,663	35,659
Total Revenue	52,465	55,632	55,137	59,434	69,607	65,388	67,418	82,722	88,898	91,361	94,425
Operating Revenue	52,465	55,632	55,137	59,434	69,607	65,388	67,418	82,722	88,898	91,361	94,425
Total Cost of Revenue	28,364	29,993	30,306	32,726	42,061	43,880	45,131	54,401	59,201	58,698	58,766
Operating Cost of Revenue	28,364	29,993	30,306	32,726	42,061	43,880	45,131	54,401	59,201	58,698	58,766
Total Operating Expenses	10,930	11,437	11,056	11,904	16,899	23,449	18,628	21,551	20,705	20,749	21,827
Selling, General & Admin Expense	8,523	8,754	8,176	8,860	11,549	12,369	13,517	16,388	15,336	15,759	16,501
Depreciation Expense	2,354	2,527	2,782	3,011	4,167	5,345	5,111	5,163	5,369	4,990	5,326
Total Other Income / (Expense), net	697	666	13	-75	3,276	198	-1,098	-1,485	-4,223	-4,345	-1,829
Interest & Investment Income	697	666	-65	-676	-1,081	-840	-645	-581	-427	-685	-1,010
Other Income / (Expense), net	0.00	0.00	78	601	4,357	1,038	-453	-904	-3,796	-3,660	-819
Income Tax Expense	5,016	5,078	4,422	1,663	3,026	699	25	1,732	1,379	1,796	-1,428
Net Income / (Loss) Attributable to Noncontrolling Interest	470	399	386	468	530	390	512	360	1,036	801	1,027
Basic Earnings per Share	$4.95	$5.76	$5.73	$8.40	$6.68	($1.58)	$1.10	$1.73	$1.29	$2.72	$6.88
Weighted Average Basic Shares Outstanding	1.69B	1.63B	1.57B	1.50B	1.66B	1.81B	1.82B	1.82B	1.83B	1.83B	1.80B
Diluted Earnings per Share	$4.90	$5.73	$5.69	$8.36	$6.64	($1.58)	$1.09	$1.72	$1.29	$2.72	$6.85
Weighted Average Diluted Shares Outstanding	1.71B	1.64B	1.58B	1.51B	1.67B	1.81B	1.83B	1.83B	1.83B	1.83B	1.81B
Weighted Average Basic & Diluted Shares Outstanding	1.69B	1.63B	1.57B	1.49B	1.80B	3.62B	3.64B	1.82B	1.83B	1.81B	1.79B

This table shows Walt Disney's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	-460	264	1,911	-20	2,621	460	2,554	3,275	5,262	1,313	2,402
Consolidated Net Income / (Loss)	-153	694	2,151	216	2,842	564	2,644	3,401	5,943	1,443	2,484
Net Income / (Loss) Continuing Operations	-153	694	2,151	216	2,842	564	2,644	3,401	5,943	1,443	2,484
Total Pre-Tax Income	-134	1,007	2,871	657	3,093	948	3,660	3,087	3,211	2,045	3,693
Total Operating Income	2,641	2,083	2,936	2,879	3,354	2,745	4,078	3,506	3,645	2,603	3,875
Total Gross Profit	7,859	7,513	7,962	7,911	8,446	8,344	9,284	8,811	9,118	8,446	9,312
Total Revenue	22,330	21,241	23,549	22,083	23,155	22,574	24,690	23,621	23,650	22,464	25,981
Operating Revenue	22,330	21,241	23,549	22,083	23,155	22,574	24,690	23,621	23,650	22,464	25,981
Total Cost of Revenue	14,471	13,728	15,587	14,172	14,709	14,230	15,406	14,810	14,532	14,018	16,669
Operating Cost of Revenue	14,471	13,728	15,587	14,172	14,709	14,230	15,406	14,810	14,532	14,018	16,669
Total Operating Expenses	5,218	5,430	5,026	5,032	5,092	5,599	5,206	5,305	5,473	5,843	5,437
Selling, General & Admin Expense	3,874	4,021	3,783	3,790	3,872	4,314	3,930	3,981	4,141	4,449	4,121
Depreciation Expense	1,344	1,409	1,243	1,242	1,220	1,285	1,276	1,324	1,332	1,394	1,316
Total Other Income / (Expense), net	-2,775	-1,076	-65	-2,222	-261	-1,797	-418	-419	-434	-558	-182
Interest & Investment Income	-114	-55	-65	-170	-196	-254	-275	-310	-249	-176	-182
Other Income / (Expense), net	-2,661	-1,021	0.00	-2,052	-65	-1,543	-143	-109	-185	-382	0.00
Income Tax Expense	19	313	720	441	251	384	1,016	-314	-2,732	602	1,209
Net Income / (Loss) Attributable to Noncontrolling Interest	307	430	240	236	221	104	90	126	681	130	82
Basic Earnings per Share	($0.25)	$0.14	$1.04	($0.01)	$1.44	$0.25	$1.41	$1.81	$2.92	$0.74	$1.34
Weighted Average Basic Shares Outstanding	1.83B	1.83B	1.83B	1.83B	1.82B	1.83B	1.81B	1.81B	1.80B	1.80B	1.79B
Diluted Earnings per Share	($0.25)	$0.15	$1.04	($0.01)	$1.43	$0.26	$1.40	$1.81	$2.92	$0.72	$1.34
Weighted Average Diluted Shares Outstanding	1.83B	1.83B	1.84B	1.83B	1.83B	1.83B	1.82B	1.81B	1.81B	1.81B	1.79B
Weighted Average Basic & Diluted Shares Outstanding	1.83B	1.83B	1.83B	1.82B	1.81B	1.81B	1.81B	1.80B	1.80B	1.79B	1.77B

This table details how cash moves in and out of Walt Disney's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Net Change in Cash & Equivalents	1,037	35	-696	91	674	12,499	-1,951	-4,342	2,574	-8,133	-303
Net Cash From Operating Activities	11,385	13,136	12,343	14,295	5,984	7,616	5,566	6,002	9,866	13,971	18,101
Net Cash From Continuing Operating Activities	11,385	13,136	12,343	14,295	5,984	7,616	5,566	6,002	9,866	13,971	18,101
Net Income / (Loss) Continuing Operations	8,852	9,790	9,366	13,066	10,897	-2,442	2,536	3,553	3,390	5,773	13,431
Consolidated Net Income / (Loss)	8,852	9,790	9,366	13,066	10,897	-2,442	2,536	3,553	3,390	5,773	13,431
Depreciation Expense	2,354	2,527	2,782	3,011	4,167	5,345	5,111	5,163	5,369	4,990	5,326
Non-Cash Adjustments To Reconcile Net Income	257	2,128	543	710	-2,887	4,961	26	3,069	2,838	4,596	-803
Changes in Operating Assets and Liabilities, net	-78	-1,309	-348	-2,492	-6,193	-248	-2,107	-5,783	-1,731	-1,388	147
Net Cash From Investing Activities	-4,245	-5,758	-4,111	-5,336	-15,096	-3,850	-3,171	-5,008	-4,641	-6,881	-8,043
Net Cash From Continuing Investing Activities	-4,245	-5,758	-4,111	-5,336	-15,096	-3,850	-3,171	-5,008	-4,641	-6,881	-8,043
Purchase of Property, Plant & Equipment	-4,265	-4,773	-3,623	-4,465	-4,876	-4,022	-3,578	-4,943	-4,969	-5,412	-8,024
Acquisitions	0.00	-850	-417	-1,581	-9,901	-	-	0.00	0.00	-1,506	-98
Sale and/or Maturity of Investments	-	-	-	-	-	-	337	52	458	105	4.00
Other Investing Activities, net	20	-135	-71	710	-319	172	70	-117	-130	-68	75
Net Cash From Financing Activities	-5,801	-7,220	-8,959	-8,843	-1,090	8,480	-4,385	-4,729	-2,724	-15,288	-10,366
Net Cash From Continuing Financing Activities	-5,801	-7,220	-8,959	-8,843	-464	8,480	-4,385	-4,729	-2,724	-15,288	-10,366
Repayment of Debt	-534	-3,732	-3,506	-4,416	-39,752	-8,358	-4,625	-5,136	-2,642	-3,993	-5,693
Repurchase of Common Equity	-6,095	-7,499	-9,368	-3,577	-	-	-	0.00	0.00	-2,992	-3,500
Payment of Dividends	-3,063	-2,313	-2,445	-2,515	-2,895	-1,587	-	0.00	0.00	-1,366	-1,803
Issuance of Debt	2,550	6,065	6,067	1,056	42,558	18,120	64	333	83	1,664	1,057
Issuance of Common Equity	1,012	0.00	17	399	737	-	91	74	735	9.00	12
Other Financing Activities, net	329	259	276	210	-1,112	305	85	0.00	-900	-8,610	-439
Effect of Exchange Rate Changes	-302	-123	31	-25	-98	38	30	-603	73	65	5.00
Cash Interest Paid	314	395	466	631	1,142	1,559	1,892	1,685	2,110	2,134	2,050
Cash Income Taxes Paid	4,396	4,133	3,801	2,503	9,259	738	1,638	1,097	1,193	3,963	1,221

This table details how cash moves in and out of Walt Disney's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Change in Cash & Equivalents	1,060	2,722	-6,988	-521	-677	53	-520	376	-481	322	-13
Net Cash From Operating Activities	2,802	4,802	2,185	3,666	2,602	5,518	3,205	6,753	3,669	4,474	735
Net Cash From Continuing Operating Activities	2,802	4,802	2,185	3,666	2,602	5,518	3,205	6,753	3,669	4,474	735
Net Income / (Loss) Continuing Operations	-153	694	2,151	216	2,842	564	2,644	3,401	5,943	1,443	2,484
Consolidated Net Income / (Loss)	-153	694	2,151	216	2,842	564	2,644	3,401	5,943	1,443	2,484
Depreciation Expense	1,344	1,409	1,243	1,242	1,220	1,285	1,276	1,324	1,332	1,394	1,316
Non-Cash Adjustments To Reconcile Net Income	1,608	2,327	216	2,469	-261	2,172	464	638	-2,634	935	866
Changes in Operating Assets and Liabilities, net	3.00	372	-1,425	-261	-1,199	1,497	-1,179	1,390	-972	702	-3,931
Net Cash From Investing Activities	-718	-1,382	-1,246	-1,307	-2,350	-1,978	-2,575	-1,898	-1,720	-1,850	-2,737
Net Cash From Continuing Investing Activities	-718	-1,382	-1,246	-1,307	-2,350	-1,978	-2,575	-1,898	-1,720	-1,850	-2,737
Purchase of Property, Plant & Equipment	-1,165	-1,374	-1,299	-1,259	-1,365	-1,489	-2,466	-1,862	-1,780	-1,916	-3,013
Other Investing Activities, net	-11	-8.00	53	-48	-80	7.00	-109	-36	158	62	276
Net Cash From Financing Activities	-1,001	-597	-8,006	-2,818	-898	-3,566	-997	-4,556	-2,537	-2,276	1,984
Net Cash From Continuing Financing Activities	-1,001	-597	-8,006	-2,818	-898	-3,566	-997	-4,556	-2,537	-2,276	1,984
Repayment of Debt	-828	-435	-442	-397	667	-3,821	-1,260	-2,829	-1,387	-386	2,956
Repurchase of Common Equity	-	900	-8,610	-1,001	-1,522	8,141	-794	-991	-1,150	-565	-2,034
Issuance of Debt	-714	-178	1,046	-871	-43	1,532	1,057	169	-	-	1,062
Other Net Changes in Cash	-23	-174	79	-62	-31	14	-153	77	107	-	5.00

This table presents Walt Disney's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Total Assets	88,182	92,033	95,789	98,598	193,984	201,549	203,609	203,631	205,579	196,219	197,514
Total Current Assets	16,758	16,966	15,889	16,825	28,124	35,251	33,657	29,098	32,763	25,241	24,267
Cash & Equivalents	4,269	4,610	4,017	4,150	5,418	17,914	15,959	11,615	14,182	6,002	5,695
Accounts Receivable	8,019	9,065	8,633	9,334	15,481	12,708	13,367	12,652	12,330	12,729	13,217
Inventories, net	2,741	2,598	2,651	2,706	1,649	1,583	3,514	3,632	1,963	4,119	4,197
Other Current Assets	962	693	588	635	5,576	3,046	817	1,199	4,288	2,391	1,158
Plant, Property, & Equipment, net	25,179	27,349	28,406	29,540	31,603	32,078	32,624	33,596	34,941	37,041	41,255
Plant, Property & Equipment, gross	50,023	54,198	57,443	60,304	64,018	67,595	70,544	72,952	77,551	82,547	90,144
Accumulated Depreciation	24,844	26,849	29,037	30,764	32,415	35,517	37,920	39,356	42,610	45,506	48,889
Total Noncurrent Assets	46,245	47,718	51,494	52,233	134,257	134,220	137,328	140,937	137,875	133,937	131,992
Long-Term Investments	2,643	4,280	3,202	2,899	3,224	3,903	3,935	3,218	3,080	4,459	8,097
Goodwill	27,826	27,810	31,426	31,269	80,293	77,689	78,071	77,897	77,067	73,326	73,294
Intangible Assets	13,355	13,288	14,476	14,700	23,215	19,173	17,115	14,837	13,061	10,739	9,272
Other Noncurrent Operating Assets	2,421	2,340	2,390	3,365	27,525	33,455	38,207	44,985	44,667	45,413	41,329
Total Liabilities & Shareholders' Equity	88,182	92,033	95,789	98,598	193,984	201,549	203,609	203,631	205,579	196,219	197,514
Total Liabilities	39,527	44,710	49,637	44,643	91,132	104,037	101,385	95,253	92,567	90,697	82,902
Total Current Liabilities	16,334	16,842	19,595	17,860	31,341	26,628	31,077	29,073	31,139	34,599	34,162
Short-Term Debt	4,563	3,687	6,172	3,790	8,857	5,711	5,866	3,070	4,330	6,845	6,711
Accounts Payable	7,844	9,130	8,855	9,479	17,762	16,801	20,894	20,213	20,671	21,070	21,203
Current Deferred Revenue	3,927	4,025	4,568	4,591	4,722	4,116	4,317	5,790	6,138	6,684	6,248
Total Noncurrent Liabilities	23,193	27,868	30,042	26,783	59,791	77,409	70,308	66,180	61,428	56,098	48,740
Long-Term Debt	12,773	16,483	19,119	17,084	38,129	52,917	48,540	45,299	42,101	38,970	35,315
Noncurrent Deferred & Payable Income Tax Liabilities	4,051	3,679	4,480	3,109	7,902	7,288	7,246	8,363	7,258	6,277	3,524
Other Noncurrent Operating Liabilities	6,369	7,706	6,443	6,590	13,760	17,204	14,522	12,518	12,069	10,851	9,901
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	48,655	47,323	45,004	52,832	93,889	88,263	93,011	98,879	103,957	105,522	114,612
Total Preferred & Common Equity	44,525	43,265	41,315	48,773	88,877	83,583	88,553	95,008	99,277	100,696	109,869
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	44,525	43,265	41,315	48,773	88,877	83,583	88,553	95,008	99,277	100,696	109,869
Common Stock	35,122	35,859	36,248	36,779	53,907	54,497	55,471	56,398	57,383	58,592	59,814
Retained Earnings	59,028	66,088	72,606	82,679	42,494	38,315	40,429	43,636	46,093	49,722	60,410
Treasury Stock	-47,204	-54,703	-64,011	-67,588	-907	-907	-907	-907	-907	-3,919	-7,441
Accumulated Other Comprehensive Income / (Loss)	-2,421	-3,979	-3,528	-3,097	-6,617	-8,322	-6,440	-4,119	-3,292	-3,699	-2,914
Noncontrolling Interest	4,130	4,058	3,689	4,059	5,012	4,680	4,458	3,871	4,680	4,826	4,743

This table presents Walt Disney's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	12/27/2025
Total Assets	204,858	203,783	205,579	197,774	195,110	197,772	196,219	197,046	195,833	196,612	202,089
Total Current Assets	28,263	30,174	32,763	25,971	24,636	25,493	25,241	23,667	22,735	23,820	25,466
Cash & Equivalents	10,399	11,458	14,182	7,192	6,635	5,954	6,002	5,486	5,852	5,367	5,678
Accounts Receivable	12,770	13,112	12,330	14,115	12,026	12,966	12,729	13,767	12,571	13,402	15,054
Inventories, net	3,720	4,269	1,963	3,363	3,869	1,984	4,119	3,175	1,999	3,836	3,493
Other Current Assets	1,374	1,335	4,288	1,301	2,106	4,589	2,391	1,239	2,313	1,215	1,241
Plant, Property, & Equipment, net	34,579	34,577	34,941	35,321	35,525	36,041	37,041	38,140	39,095	40,185	43,198
Plant, Property & Equipment, gross	76,031	76,689	77,551	78,896	79,590	80,761	82,547	84,038	86,627	89,032	90,426
Accumulated Depreciation	41,452	42,112	42,610	43,575	44,065	44,720	45,506	45,898	47,532	48,847	47,228
Total Noncurrent Assets	142,016	139,032	137,875	136,482	134,949	136,238	133,937	135,239	134,003	132,607	133,425
Long-Term Investments	3,387	3,062	3,080	3,084	3,007	4,632	4,459	8,902	8,794	8,671	8,052
Goodwill	77,878	77,881	77,067	77,066	73,914	73,914	73,326	73,312	73,313	73,314	74,743
Intangible Assets	13,887	13,478	13,061	12,639	11,474	11,107	10,739	10,372	10,006	9,639	9,429
Other Noncurrent Operating Assets	46,864	44,611	44,667	43,693	46,554	46,585	45,413	42,653	41,890	40,983	41,201
Total Liabilities & Shareholders' Equity	204,858	203,783	205,579	197,774	195,110	197,772	196,219	197,046	195,833	196,612	202,089
Total Liabilities	94,488	92,841	92,567	92,273	91,347	92,469	90,697	90,307	87,067	82,856	88,081
Total Current Liabilities	28,056	28,234	31,139	31,033	32,874	35,612	34,599	34,846	34,029	32,972	38,046
Short-Term Debt	3,452	2,645	4,330	6,087	6,789	8,060	6,845	6,620	6,446	5,732	10,819
Accounts Payable	18,591	19,115	20,671	18,676	18,798	20,216	21,070	21,635	20,729	20,500	20,541
Current Deferred Revenue	6,013	6,474	6,138	6,270	7,287	7,336	6,684	6,591	6,854	6,740	6,686
Total Noncurrent Liabilities	66,432	64,607	61,428	61,240	58,473	56,857	56,098	55,461	53,038	49,884	50,035
Long-Term Debt	45,066	44,544	42,101	41,603	39,510	39,524	38,970	38,688	36,443	36,531	35,821
Noncurrent Deferred & Payable Income Tax Liabilities	8,134	7,304	7,258	7,041	6,860	6,628	6,277	6,336	6,298	3,097	4,126
Other Noncurrent Operating Liabilities	13,232	12,759	12,069	12,596	12,103	10,705	10,851	10,437	10,297	10,256	10,088
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	101,556	102,056	103,957	105,501	103,763	105,303	105,522	106,739	108,766	113,756	114,008
Total Preferred & Common Equity	97,859	97,610	99,277	100,721	99,252	100,622	100,696	101,933	104,339	109,145	108,476
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	97,859	97,610	99,277	100,721	99,252	100,622	100,696	101,933	104,339	109,145	108,476
Common Stock	56,919	57,136	57,383	57,640	58,028	58,252	58,592	58,868	59,199	59,515	60,704
Retained Earnings	46,236	45,794	46,093	47,490	46,649	49,273	49,722	50,468	53,733	59,109	60,164
Treasury Stock	-907	-907	-907	-907	-1,916	-3,449	-3,919	-4,715	-5,716	-6,430	-9,492
Accumulated Other Comprehensive Income / (Loss)	-4,389	-4,413	-3,292	-3,502	-3,509	-3,454	-3,699	-2,688	-2,877	-3,049	-2,900
Noncontrolling Interest	3,697	4,446	4,680	4,780	4,511	4,681	4,826	4,806	4,427	4,611	5,532

This table displays calculated financial ratios and metrics derived from Walt Disney's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.48%	6.04%	-0.89%	7.79%	17.12%	-6.06%	3.10%	22.70%	7.47%	2.77%	3.35%
EBITDA Growth	13.68%	7.76%	-0.56%	10.71%	4.10%	-76.83%	87.24%	32.61%	-4.21%	25.36%	38.47%
EBIT Growth	15.85%	7.83%	-2.46%	11.20%	-2.60%	-106.02%	455.04%	82.97%	-11.42%	58.85%	57.66%
NOPAT Growth	12.83%	11.23%	0.06%	40.35%	-36.55%	-116.31%	366.67%	25.61%	40.44%	42.16%	70.33%
Net Income Growth	10.59%	10.60%	-4.33%	39.50%	-11.34%	-121.36%	201.33%	39.81%	-3.28%	70.30%	132.65%
EPS Growth	15.02%	16.94%	-0.70%	46.92%	-20.57%	-123.80%	168.99%	57.80%	-25.00%	110.85%	151.84%
Operating Cash Flow Growth	16.41%	15.38%	-6.04%	15.81%	-58.14%	27.27%	-26.92%	7.83%	64.38%	41.61%	29.56%
Free Cash Flow Firm Growth	-1.10%	58.92%	-61.98%	156.32%	-779.61%	108.47%	-78.05%	-151.78%	1,077.38%	69.67%	29.98%
Invested Capital Growth	3.91%	-0.81%	9.59%	5.54%	108.32%	-4.87%	1.80%	3.79%	0.19%	-0.92%	1.40%
Revenue Q/Q Growth	2.19%	-0.66%	-0.65%	2.64%	7.43%	-6.32%	6.02%	1.99%	1.24%	1.48%	-0.12%
EBITDA Q/Q Growth	5.33%	-1.06%	-1.20%	5.05%	24.28%	-28.06%	21.90%	-10.14%	5.48%	0.12%	6.55%
EBIT Q/Q Growth	6.23%	-1.83%	-1.57%	5.47%	27.52%	-204.51%	94.07%	-17.98%	9.64%	1.73%	8.50%
NOPAT Q/Q Growth	1.71%	2.01%	-1.08%	4.69%	-9.39%	85.63%	124.64%	-6.93%	16.62%	4.36%	-3.76%
Net Income Q/Q Growth	1.33%	1.57%	-0.29%	4.43%	-9.49%	-286.56%	54.47%	-0.03%	14.92%	-2.20%	7.00%
EPS Q/Q Growth	1.66%	2.87%	0.35%	5.29%	-16.27%	-68.09%	75.81%	0.00%	4.88%	4.21%	7.20%
Operating Cash Flow Q/Q Growth	6.54%	-2.11%	0.40%	2.02%	-29.09%	3.66%	20.97%	-1.77%	30.02%	5.40%	-5.45%
Free Cash Flow Firm Q/Q Growth	-17.04%	28.52%	-61.99%	95.25%	-0.98%	196.37%	-53.38%	-1,568.11%	95.38%	3.74%	-17.65%
Invested Capital Q/Q Growth	0.80%	-2.54%	7.47%	0.56%	0.10%	-2.18%	0.29%	0.46%	-1.00%	-1.00%	0.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.94%	46.09%	45.04%	44.94%	39.57%	32.89%	33.06%	34.24%	33.41%	35.75%	37.76%
EBITDA Margin	29.59%	30.07%	30.17%	30.99%	27.54%	6.79%	12.34%	13.33%	11.88%	14.50%	19.42%
Operating Margin	25.10%	25.53%	24.98%	24.91%	15.30%	-2.97%	5.43%	8.18%	10.12%	13.04%	14.65%
EBIT Margin	25.10%	25.53%	25.12%	25.92%	21.56%	-1.38%	4.76%	7.09%	5.84%	9.03%	13.78%
Profit (Net Income) Margin	16.87%	17.60%	16.99%	21.98%	16.64%	-3.78%	3.72%	4.24%	3.81%	6.32%	14.22%
Tax Burden Percent	63.83%	65.85%	67.93%	88.71%	83.20%	141.94%	97.89%	66.32%	71.08%	76.27%	111.90%
Interest Burden Percent	105.29%	104.69%	99.53%	95.61%	92.80%	193.02%	79.88%	90.10%	91.78%	91.70%	92.24%
Effective Tax Rate	36.17%	34.15%	32.07%	11.29%	21.73%	0.00%	0.98%	32.77%	28.92%	23.73%	-11.90%
Return on Invested Capital (ROIC)	14.50%	15.89%	15.24%	19.90%	7.98%	-0.99%	2.67%	3.27%	4.50%	6.42%	10.91%
ROIC Less NNEP Spread (ROIC-NNEP)	19.16%	19.93%	15.30%	19.48%	20.44%	-3.95%	-0.46%	0.19%	-5.07%	-3.85%	4.47%
Return on Net Nonoperating Assets (RNNOA)	3.78%	4.51%	4.80%	6.21%	6.80%	-1.48%	-0.16%	0.06%	-1.44%	-1.14%	1.29%
Return on Equity (ROE)	18.28%	20.40%	20.04%	26.10%	14.77%	-2.47%	2.51%	3.33%	3.06%	5.28%	12.20%
Cash Return on Invested Capital (CROIC)	10.67%	16.70%	6.08%	14.51%	-62.29%	4.00%	0.89%	-0.45%	4.31%	7.34%	9.52%
Operating Return on Assets (OROA)	15.29%	15.76%	14.75%	15.85%	10.26%	-0.46%	1.58%	2.88%	2.54%	4.11%	6.61%
Return on Assets (ROA)	10.27%	10.86%	9.97%	13.44%	7.92%	-1.25%	1.24%	1.72%	1.66%	2.87%	6.82%
Return on Common Equity (ROCE)	16.90%	18.66%	18.13%	23.49%	12.97%	-2.13%	2.16%	2.90%	2.69%	4.83%	11.67%
Return on Equity Simple (ROE_SIMPLE)	19.88%	22.63%	22.67%	26.79%	13.03%	-2.96%	2.83%	3.69%	3.41%	5.73%	0.00%
Net Operating Profit after Tax (NOPAT)	8,407	9,351	9,357	13,133	8,333	-1,359	3,623	4,551	6,392	9,087	15,478
NOPAT Margin	16.02%	16.81%	16.97%	22.10%	11.97%	-2.08%	5.37%	5.50%	7.19%	9.95%	16.39%
Net Nonoperating Expense Percent (NNEP)	-4.66%	-4.04%	-0.06%	0.42%	-12.46%	2.97%	3.13%	3.08%	9.57%	10.27%	6.44%
Return On Investment Capital (ROIC_SIMPLE)	12.74%	13.86%	13.31%	17.82%	5.92%	-0.93%	2.46%	3.09%	4.25%	6.00%	9.88%
Cost of Revenue to Revenue	54.06%	53.91%	54.96%	55.06%	60.43%	67.11%	66.94%	65.76%	66.59%	64.25%	62.24%
SG&A Expenses to Revenue	16.25%	15.74%	14.83%	14.91%	16.59%	18.92%	20.05%	19.81%	17.25%	17.25%	17.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.83%	20.56%	20.05%	20.03%	24.28%	35.86%	27.63%	26.05%	23.29%	22.71%	23.12%
Earnings before Interest and Taxes (EBIT)	13,171	14,202	13,853	15,405	15,004	-903	3,206	5,866	5,196	8,254	13,013
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15,525	16,729	16,635	18,416	19,171	4,442	8,317	11,029	10,565	13,244	18,339
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.62	3.24	3.51	3.45	2.59	2.62	3.57	1.79	1.48	1.72	1.86
Price to Tangible Book Value (P/TBV)	48.14	64.65	0.00	60.06	0.00	0.00	0.00	74.70	16.01	10.42	7.47
Price to Revenue (P/Rev)	3.07	2.52	2.63	2.83	3.30	3.35	4.69	2.05	1.65	1.90	2.16
Price to Earnings (P/E)	19.21	14.92	16.15	13.37	20.80	0.00	158.36	54.01	62.23	34.87	16.45
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.69%	1.45%	0.00%	0.00%	0.00%	0.78%	1.28%
Earnings Yield	5.21%	6.70%	6.19%	7.48%	4.81%	0.00%	0.63%	1.85%	1.61%	2.87%	6.08%
Enterprise Value to Invested Capital (EV/IC)	2.97	2.65	2.61	2.77	2.00	2.01	2.66	1.53	1.33	1.52	1.66
Enterprise Value to Revenue (EV/Rev)	3.35	2.79	3.05	3.15	4.05	4.12	5.40	2.62	2.13	2.34	2.51
Enterprise Value to EBITDA (EV/EBITDA)	11.31	9.29	10.09	10.18	14.72	60.67	43.78	19.66	17.93	16.12	12.92
Enterprise Value to EBIT (EV/EBIT)	13.33	10.94	12.12	12.17	18.81	0.00	113.57	36.95	36.45	25.87	18.21
Enterprise Value to NOPAT (EV/NOPAT)	20.88	16.62	17.94	14.27	33.86	0.00	100.49	47.63	29.63	23.50	15.31
Enterprise Value to Operating Cash Flow (EV/OCF)	15.42	11.83	13.60	13.11	47.16	35.39	65.42	36.12	19.20	15.28	13.09
Enterprise Value to Free Cash Flow (EV/FCFF)	28.39	15.82	44.94	19.57	0.00	48.87	300.85	0.00	30.92	20.55	17.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.43	0.55	0.39	0.46	0.60	0.53	0.45	0.41	0.43	0.37
Long-Term Debt to Equity	0.26	0.35	0.41	0.32	0.37	0.54	0.47	0.42	0.37	0.37	0.31
Financial Leverage	0.20	0.23	0.31	0.32	0.33	0.38	0.36	0.32	0.28	0.30	0.29
Leverage Ratio	1.78	1.88	2.01	1.94	1.87	1.97	2.03	1.93	1.85	1.84	1.79
Compound Leverage Factor	1.87	1.97	2.00	1.86	1.73	3.81	1.62	1.74	1.70	1.69	1.65
Debt to Total Capital	26.27%	29.88%	35.40%	27.90%	31.36%	37.55%	34.74%	30.86%	29.12%	30.27%	26.83%
Short-Term Debt to Total Capital	6.91%	5.46%	8.64%	5.06%	5.91%	3.66%	3.75%	1.96%	2.72%	4.52%	4.28%
Long-Term Debt to Total Capital	19.36%	24.42%	26.76%	22.83%	25.45%	33.89%	30.99%	28.90%	26.41%	25.75%	22.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.26%	6.01%	6.77%	6.93%	9.33%	8.92%	8.73%	8.53%	8.61%	3.19%	3.03%
Common Equity to Total Capital	67.47%	64.10%	57.83%	65.18%	59.32%	53.53%	56.54%	60.61%	62.26%	66.54%	70.14%
Debt to EBITDA	1.12	1.21	1.52	1.13	2.45	13.20	6.54	4.39	4.39	3.46	2.29
Net Debt to EBITDA	0.67	0.67	1.09	0.75	2.00	8.29	4.15	3.04	2.76	2.67	1.54
Long-Term Debt to EBITDA	0.82	0.99	1.15	0.93	1.99	11.91	5.84	4.11	3.99	2.94	1.93
Debt to NOPAT	2.06	2.16	2.70	1.59	5.64	-43.15	15.02	10.63	7.26	5.04	2.72
Net Debt to NOPAT	1.24	1.21	1.93	1.05	4.60	-27.09	9.53	7.37	4.56	3.89	1.82
Long-Term Debt to NOPAT	1.52	1.76	2.04	1.30	4.58	-38.95	13.40	9.95	6.59	4.29	2.28
Altman Z-Score	4.47	4.00	3.82	4.54	2.41	1.89	2.55	1.87	1.79	2.05	2.54
Noncontrolling Interest Sharing Ratio	7.59%	8.53%	9.52%	10.01%	12.22%	13.93%	13.82%	12.84%	12.24%	8.49%	4.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	1.01	0.81	0.94	0.90	1.32	1.08	1.00	1.05	0.73	0.71
Quick Ratio	0.75	0.81	0.65	0.76	0.67	1.15	0.94	0.83	0.85	0.54	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6,184	9,827	3,736	9,577	-65,083	5,514	1,210	-627	6,125	10,392	13,508
Operating Cash Flow to CapEx	266.94%	275.21%	340.68%	320.16%	122.72%	189.36%	155.56%	121.42%	198.55%	258.15%	225.59%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.62	0.59	0.61	0.48	0.33	0.33	0.41	0.43	0.45	0.48
Accounts Receivable Turnover	6.62	6.51	6.23	6.62	5.61	4.64	5.17	6.36	7.12	7.29	7.28
Inventory Turnover	10.55	11.24	11.55	12.22	19.32	27.15	17.71	15.23	21.16	19.30	14.13
Fixed Asset Turnover	2.16	2.12	1.98	2.05	2.28	2.05	2.08	2.50	2.59	2.54	2.41
Accounts Payable Turnover	3.67	3.53	3.37	3.57	3.09	2.54	2.39	2.65	2.90	2.81	2.78
Days Sales Outstanding (DSO)	55.10	56.04	58.58	55.17	65.06	78.68	70.58	57.40	51.29	50.06	50.15
Days Inventory Outstanding (DIO)	34.59	32.49	31.61	29.87	18.90	13.44	20.61	23.97	17.25	18.91	25.83
Days Payable Outstanding (DPO)	99.34	103.28	108.30	102.24	118.20	143.75	152.43	137.90	126.03	129.78	131.28
Cash Conversion Cycle (CCC)	-9.64	-14.75	-18.12	-17.20	-34.24	-51.63	-61.23	-56.53	-57.50	-60.81	-55.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	59,079	58,603	64,224	67,780	141,196	134,323	136,736	141,914	142,181	140,876	142,846
Invested Capital Turnover	0.91	0.95	0.90	0.90	0.67	0.47	0.50	0.59	0.63	0.65	0.67
Increase / (Decrease) in Invested Capital	2,223	-476	5,621	3,556	73,416	-6,873	2,413	5,178	267	-1,305	1,970
Enterprise Value (EV)	175,538	155,425	167,895	187,422	282,192	269,493	364,113	216,777	189,398	213,534	236,989
Market Capitalization	160,984	140,087	144,986	168,415	229,873	218,753	315,930	169,871	146,494	173,354	204,012
Book Value per Share	$26.38	$26.92	$26.77	$32.79	$49.34	$46.25	$48.73	$52.11	$54.26	$55.52	$61.11
Tangible Book Value per Share	$1.98	$1.35	($2.97)	$1.89	($8.12)	($7.35)	($3.65)	$1.25	$5.00	$9.17	$15.19
Total Capital	65,991	67,493	71,443	74,829	149,838	156,140	156,630	156,747	159,443	151,337	156,638
Total Debt	17,336	20,170	25,291	20,874	46,986	58,628	54,406	48,369	46,431	45,815	42,026
Total Long-Term Debt	12,773	16,483	19,119	17,084	38,129	52,917	48,540	45,299	42,101	38,970	35,315
Net Debt	10,424	11,280	18,072	13,825	38,344	36,811	34,512	33,536	29,169	35,354	28,234
Capital Expenditures (CapEx)	4,265	4,773	3,623	4,465	4,876	4,022	3,578	4,943	4,969	5,412	8,024
Debt-free, Cash-free Net Working Capital (DFCFNWC)	718	-799	-1,551	-1,395	222	-3,580	-7,513	-8,520	-8,228	-8,515	-8,879
Debt-free Net Working Capital (DFNWC)	4,987	3,811	2,466	2,755	5,640	14,334	8,446	3,095	5,954	-2,513	-3,184
Net Working Capital (NWC)	424	124	-3,706	-1,035	-3,217	8,623	2,580	25	1,624	-9,358	-9,895
Net Nonoperating Expense (NNE)	-445	-439	-8.83	67	-3,251	1,115	1,116	1,046	3,002	3,314	2,047
Net Nonoperating Obligations (NNO)	10,424	11,280	18,072	13,825	38,344	36,811	34,512	33,536	29,169	35,354	28,234
Total Depreciation and Amortization (D&A)	2,354	2,527	2,782	3,011	4,167	5,345	5,111	5,163	5,369	4,990	5,326
Debt-free, Cash-free Net Working Capital to Revenue	1.37%	-1.44%	-2.81%	-2.35%	0.32%	-5.48%	-11.14%	-10.30%	-9.26%	-9.32%	-9.40%
Debt-free Net Working Capital to Revenue	9.51%	6.85%	4.47%	4.64%	8.10%	21.92%	12.53%	3.74%	6.70%	-2.75%	-3.37%
Net Working Capital to Revenue	0.81%	0.22%	-6.72%	-1.74%	-4.62%	13.19%	3.83%	0.03%	1.83%	-10.24%	-10.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.95	$5.76	$5.73	$8.40	$6.68	($1.58)	$1.10	$1.73	$1.29	$2.72	$6.88
Adjusted Weighted Average Basic Shares Outstanding	1.69B	1.63B	1.57B	1.50B	1.66B	1.81B	1.82B	1.82B	1.83B	1.83B	1.80B
Adjusted Diluted Earnings per Share	$4.90	$5.73	$5.69	$8.36	$6.64	($1.58)	$1.09	$1.72	$1.29	$2.72	$6.85
Adjusted Weighted Average Diluted Shares Outstanding	1.71B	1.64B	1.58B	1.51B	1.67B	1.81B	1.83B	1.83B	1.83B	1.83B	1.81B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$6.68	$0.00	$1.10	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.65B	1.59B	1.51B	1.49B	1.80B	1.81B	1.82B	1.82B	1.83B	1.81B	1.79B
Normalized Net Operating Profit after Tax (NOPAT)	8,441	9,454	9,424	13,162	9,259	2,656	3,623	4,551	6,392	9,087	9,682
Normalized NOPAT Margin	16.09%	16.99%	17.09%	22.15%	13.30%	4.06%	5.37%	5.50%	7.19%	9.95%	10.25%
Pre Tax Income Margin	26.43%	26.73%	25.01%	24.78%	20.00%	-2.67%	3.80%	6.39%	5.36%	8.28%	12.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.60%	23.63%	26.11%	19.25%	24.99%	-64.15%	0.00%	0.00%	0.00%	23.66%	13.42%
Augmented Payout Ratio	103.46%	100.22%	126.13%	46.62%	24.99%	-64.15%	0.00%	0.00%	0.00%	75.49%	39.48%

This table displays calculated financial ratios and metrics derived from Walt Disney's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,785,288,846.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,785,288,846.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.35
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.84%	5.41%	0.16%	1.23%	3.69%	6.28%	4.85%	6.96%	2.14%	-0.49%	5.23%
EBITDA Growth	-62.64%	28.56%	31.09%	-42.24%	240.56%	0.65%	24.69%	128.18%	6.28%	45.36%	-0.38%
EBIT Growth	-100.89%	75.54%	56.00%	-63.60%	16,545.00%	13.18%	34.03%	310.76%	5.20%	84.78%	-1.52%
NOPAT Growth	9.13%	172.79%	43.78%	-40.64%	66.70%	13.76%	33.93%	308.09%	118.91%	12.47%	-11.53%
Net Income Growth	-110.19%	173.23%	58.05%	-85.48%	1,957.52%	-18.73%	22.92%	1,474.54%	109.11%	155.85%	-6.05%
EPS Growth	-132.47%	66.67%	48.57%	-101.45%	672.00%	73.33%	34.62%	18,200.00%	104.20%	176.92%	-4.29%
Operating Cash Flow Growth	45.79%	90.25%	324.33%	13.29%	-7.14%	14.91%	46.68%	84.21%	41.01%	-18.92%	-77.07%
Free Cash Flow Firm Growth	84.62%	125.12%	212.55%	237.30%	983.13%	151.43%	67.36%	29.23%	60.90%	-104.54%	-181.11%
Invested Capital Growth	1.66%	0.19%	-1.85%	-3.23%	-0.91%	-0.92%	-3.68%	-2.43%	-0.22%	1.40%	6.73%
Revenue Q/Q Growth	2.36%	-4.88%	10.87%	-6.23%	4.85%	-2.51%	9.37%	-4.33%	0.12%	-5.01%	15.66%
EBITDA Q/Q Growth	-63.04%	86.63%	69.12%	-50.49%	117.93%	-44.84%	109.53%	-9.40%	1.50%	-24.56%	43.60%
EBIT Q/Q Growth	-100.88%	5,410.00%	176.46%	-71.83%	297.70%	-63.45%	227.37%	-13.67%	1.85%	-35.81%	74.47%
NOPAT Q/Q Growth	15.94%	-22.35%	53.23%	-56.97%	225.59%	-47.01%	80.39%	31.12%	74.66%	-72.77%	41.90%
Net Income Q/Q Growth	-110.28%	553.59%	209.94%	-89.96%	1,215.74%	-80.15%	368.79%	28.63%	74.74%	-75.72%	72.14%
EPS Q/Q Growth	-136.23%	160.00%	593.33%	-100.96%	14,400.00%	-81.82%	438.46%	29.29%	61.33%	-75.34%	86.11%
Operating Cash Flow Q/Q Growth	-13.41%	71.38%	-54.50%	67.78%	-29.02%	112.07%	-41.92%	110.70%	-45.67%	21.94%	-83.57%
Free Cash Flow Firm Q/Q Growth	87.87%	334.98%	319.38%	14.85%	-21.97%	-33.10%	179.16%	-11.32%	-2.85%	-101.89%	-4,892.10%
Invested Capital Q/Q Growth	-1.03%	-1.00%	0.52%	-1.75%	1.34%	-1.00%	-2.28%	-0.47%	3.63%	0.61%	2.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.19%	35.37%	33.81%	35.82%	36.48%	36.96%	37.60%	37.30%	38.55%	37.60%	35.84%
EBITDA Margin	5.93%	11.63%	17.75%	9.37%	19.47%	11.02%	21.11%	19.99%	20.26%	16.09%	19.98%
Operating Margin	11.83%	9.81%	12.47%	13.04%	14.49%	12.16%	16.52%	14.84%	15.41%	11.59%	14.91%
EBIT Margin	-0.09%	5.00%	12.47%	3.75%	14.20%	5.32%	15.94%	14.38%	14.63%	9.89%	14.91%
Profit (Net Income) Margin	-0.69%	3.27%	9.13%	0.98%	12.27%	2.50%	10.71%	14.40%	25.13%	6.42%	9.56%
Tax Burden Percent	114.18%	68.92%	74.92%	32.88%	91.88%	59.49%	72.24%	110.17%	185.08%	70.56%	67.26%
Interest Burden Percent	670.00%	94.82%	97.79%	79.44%	94.04%	78.87%	93.01%	90.87%	92.80%	92.08%	95.30%
Effective Tax Rate	0.00%	31.08%	25.08%	67.12%	8.12%	40.51%	27.76%	-10.17%	-85.08%	29.44%	32.74%
Return on Invested Capital (ROIC)	5.10%	4.23%	5.76%	2.68%	8.38%	4.67%	7.87%	11.09%	18.97%	5.44%	6.75%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.78%	1.86%	5.63%	0.63%	7.69%	1.36%	6.98%	9.66%	16.51%	4.20%	6.36%
Return on Net Nonoperating Assets (RNNOA)	-0.24%	0.53%	1.95%	0.21%	2.48%	0.40%	2.25%	2.95%	4.92%	1.21%	1.84%
Return on Equity (ROE)	4.86%	4.76%	7.70%	2.89%	10.86%	5.07%	10.12%	14.04%	23.89%	6.66%	8.59%
Cash Return on Invested Capital (CROIC)	2.20%	4.31%	6.78%	8.16%	7.01%	7.34%	10.72%	11.10%	11.54%	9.52%	4.05%
Operating Return on Assets (OROA)	-0.04%	2.17%	5.55%	1.67%	6.37%	2.42%	7.47%	6.92%	7.01%	4.74%	7.15%
Return on Assets (ROA)	-0.30%	1.42%	4.06%	0.44%	5.50%	1.14%	5.02%	6.93%	12.05%	3.08%	4.59%
Return on Common Equity (ROCE)	4.26%	4.18%	7.08%	2.66%	9.96%	4.64%	9.66%	13.45%	22.87%	6.37%	8.19%
Return on Equity Simple (ROE_SIMPLE)	3.02%	0.00%	4.15%	2.93%	5.87%	0.00%	6.15%	9.06%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,849	1,436	2,200	947	3,082	1,633	2,946	3,863	6,746	1,837	2,606
NOPAT Margin	8.28%	6.76%	9.34%	4.29%	13.31%	7.23%	11.93%	16.35%	28.53%	8.18%	10.03%
Net Nonoperating Expense Percent (NNEP)	5.88%	2.37%	0.13%	2.05%	0.69%	3.31%	0.88%	1.42%	2.46%	1.24%	0.38%
Return On Investment Capital (ROIC_SIMPLE)	1.24%	0.95%	1.44%	0.63%	2.02%	1.08%	1.94%	2.55%	4.32%	1.17%	1.62%
Cost of Revenue to Revenue	64.81%	64.63%	66.19%	64.18%	63.52%	63.04%	62.40%	62.70%	61.45%	62.40%	64.16%
SG&A Expenses to Revenue	17.35%	18.93%	16.06%	17.16%	16.72%	19.11%	15.92%	16.85%	17.51%	19.81%	15.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.37%	25.56%	21.34%	22.79%	21.99%	24.80%	21.09%	22.46%	23.14%	26.01%	20.93%
Earnings before Interest and Taxes (EBIT)	-20	1,062	2,936	827	3,289	1,202	3,935	3,397	3,460	2,221	3,875
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,324	2,471	4,179	2,069	4,509	2,487	5,211	4,721	4,792	3,615	5,191
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.65	1.48	1.63	2.24	1.78	1.72	1.98	1.70	2.02	1.86	1.87
Price to Tangible Book Value (P/TBV)	25.78	16.01	14.86	16.04	11.50	10.42	11.07	8.43	8.40	7.47	8.34
Price to Revenue (P/Rev)	1.84	1.65	1.84	2.49	1.99	1.90	2.18	1.89	2.33	2.16	2.12
Price to Earnings (P/E)	71.56	62.23	54.83	131.23	37.56	34.87	35.98	19.90	19.04	16.45	16.55
Dividend Yield	0.00%	0.00%	0.34%	0.25%	0.30%	0.78%	0.85%	0.97%	1.19%	1.28%	1.10%
Earnings Yield	1.40%	1.61%	1.82%	0.76%	2.66%	2.87%	2.78%	5.03%	5.25%	6.08%	6.04%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.33	1.44	1.88	1.55	1.52	1.73	1.53	1.78	1.66	1.64
Enterprise Value to Revenue (EV/Rev)	2.36	2.13	2.32	2.96	2.46	2.34	2.57	2.23	2.67	2.51	2.52
Enterprise Value to EBITDA (EV/EBITDA)	20.68	17.93	17.82	26.25	16.71	16.12	16.65	12.40	14.69	12.92	13.17
Enterprise Value to EBIT (EV/EBIT)	43.71	36.45	32.95	54.86	27.24	25.87	25.69	17.76	21.07	18.21	18.62
Enterprise Value to NOPAT (EV/NOPAT)	37.80	29.63	29.09	37.85	25.39	23.50	24.29	17.52	15.72	15.31	16.05
Enterprise Value to Operating Cash Flow (EV/OCF)	27.30	19.20	15.81	19.59	16.68	15.28	15.86	11.61	13.20	13.09	15.43
Enterprise Value to Free Cash Flow (EV/FCFF)	66.08	30.92	21.06	22.63	22.07	20.55	15.80	13.64	15.41	17.54	41.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.41	0.45	0.45	0.45	0.43	0.42	0.39	0.37	0.37	0.41
Long-Term Debt to Equity	0.40	0.37	0.39	0.38	0.38	0.37	0.36	0.34	0.32	0.31	0.31
Financial Leverage	0.31	0.28	0.35	0.33	0.32	0.30	0.32	0.31	0.30	0.29	0.29
Leverage Ratio	1.88	1.85	1.87	1.87	1.86	1.84	1.86	1.84	1.80	1.79	1.81
Compound Leverage Factor	12.60	1.75	1.82	1.48	1.75	1.45	1.73	1.67	1.67	1.65	1.72
Debt to Total Capital	29.84%	29.12%	31.13%	30.85%	31.12%	30.27%	29.80%	28.28%	27.09%	26.83%	29.03%
Short-Term Debt to Total Capital	1.67%	2.72%	3.97%	4.52%	5.27%	4.52%	4.35%	4.25%	3.67%	4.28%	6.73%
Long-Term Debt to Total Capital	28.17%	26.41%	27.16%	26.33%	25.85%	25.75%	25.44%	24.03%	23.41%	22.55%	22.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	8.43%	8.61%	3.12%	3.01%	3.06%	3.19%	3.16%	2.92%	2.96%	3.03%	3.44%
Common Equity to Total Capital	61.73%	62.26%	65.75%	66.14%	65.81%	66.54%	67.04%	68.80%	69.96%	70.14%	67.52%
Debt to EBITDA	4.71	4.39	4.13	4.61	3.60	3.46	3.17	2.53	2.46	2.29	2.55
Net Debt to EBITDA	3.26	2.76	3.24	3.65	2.80	2.67	2.17	1.67	1.64	1.54	1.80
Long-Term Debt to EBITDA	4.45	3.99	3.60	3.93	2.99	2.94	2.71	2.15	2.12	1.93	1.96
Debt to NOPAT	8.61	7.26	6.74	6.65	5.46	5.04	4.63	3.58	2.63	2.72	3.10
Net Debt to NOPAT	5.96	4.56	5.29	5.26	4.25	3.89	3.16	2.36	1.76	1.82	2.19
Long-Term Debt to NOPAT	8.13	6.59	5.88	5.67	4.54	4.29	3.95	3.04	2.27	2.28	2.38
Altman Z-Score	1.80	1.72	1.87	2.22	1.96	1.93	2.17	2.07	2.50	2.36	2.26
Noncontrolling Interest Sharing Ratio	12.31%	12.24%	8.17%	7.95%	8.33%	8.49%	4.52%	4.21%	4.24%	4.35%	4.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.05	0.84	0.75	0.72	0.73	0.68	0.67	0.72	0.71	0.67
Quick Ratio	0.87	0.85	0.69	0.57	0.53	0.54	0.55	0.54	0.57	0.55	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-497	1,169	4,901	5,629	4,392	2,938	8,202	7,274	7,066	-133	-6,653
Operating Cash Flow to CapEx	240.52%	349.49%	168.21%	291.18%	190.62%	370.58%	129.97%	362.67%	206.12%	233.51%	24.39%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.43	0.44	0.45	0.45	0.45	0.47	0.48	0.48	0.48	0.48
Accounts Receivable Turnover	6.55	7.12	6.33	7.20	6.90	7.29	6.64	7.65	7.17	7.28	6.64
Inventory Turnover	20.15	21.16	17.99	15.27	18.61	19.30	17.90	20.16	20.27	14.13	18.01
Fixed Asset Turnover	2.58	2.59	2.56	2.54	2.55	2.54	2.52	2.52	2.48	2.41	2.35
Accounts Payable Turnover	2.95	2.90	3.17	3.10	2.96	2.81	2.90	2.99	2.90	2.78	2.85
Days Sales Outstanding (DSO)	55.70	51.29	57.68	50.73	52.86	50.06	55.01	47.73	50.90	50.15	54.95
Days Inventory Outstanding (DIO)	18.11	17.25	20.29	23.90	19.61	18.91	20.39	18.10	18.01	25.83	20.27
Days Payable Outstanding (DPO)	123.58	126.03	115.07	117.73	123.34	129.78	125.72	121.95	125.99	131.28	128.22
Cash Conversion Cycle (CCC)	-49.77	-57.50	-37.10	-43.11	-50.87	-60.81	-50.32	-56.11	-57.08	-55.31	-53.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	143,611	142,181	142,915	140,420	142,301	140,876	137,659	137,009	141,981	142,846	146,918
Invested Capital Turnover	0.62	0.63	0.62	0.62	0.63	0.65	0.66	0.68	0.67	0.67	0.67
Increase / (Decrease) in Invested Capital	2,346	267	-2,701	-4,682	-1,310	-1,305	-5,256	-3,411	-320	1,970	9,259
Enterprise Value (EV)	207,152	189,398	205,921	263,597	221,063	213,534	237,736	209,960	252,772	236,989	241,179
Market Capitalization	161,151	146,494	163,727	222,429	179,384	173,354	202,010	177,290	219,936	204,012	202,737
Book Value per Share	$53.42	$54.26	$54.98	$54.11	$55.19	$55.52	$56.29	$57.72	$60.71	$61.11	$60.76
Tangible Book Value per Share	$3.42	$5.00	$6.01	$7.56	$8.56	$9.17	$10.08	$11.63	$14.57	$15.19	$13.61
Total Capital	158,131	159,443	153,191	150,062	152,887	151,337	152,047	151,655	156,019	156,638	160,648
Total Debt	47,189	46,431	47,690	46,299	47,584	45,815	45,308	42,889	42,263	42,026	46,640
Total Long-Term Debt	44,544	42,101	41,603	39,510	39,524	38,970	38,688	36,443	36,531	35,315	35,821
Net Debt	32,669	29,169	37,414	36,657	36,998	35,354	30,920	28,243	28,225	28,234	32,910
Capital Expenditures (CapEx)	1,165	1,374	1,299	1,259	1,365	1,489	2,466	1,862	1,780	1,916	3,013
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6,873	-8,228	-6,167	-8,084	-8,013	-8,515	-10,045	-10,700	-8,787	-8,879	-7,439
Debt-free Net Working Capital (DFNWC)	4,585	5,954	1,025	-1,449	-2,059	-2,513	-4,559	-4,848	-3,420	-3,184	-1,761
Net Working Capital (NWC)	1,940	1,624	-5,062	-8,238	-10,119	-9,358	-11,179	-11,294	-9,152	-9,895	-12,580
Net Nonoperating Expense (NNE)	2,002	742	49	731	240	1,069	302	462	803	394	122
Net Nonoperating Obligations (NNO)	32,669	29,169	37,414	36,657	36,998	35,354	30,920	28,243	28,225	28,234	32,910
Total Depreciation and Amortization (D&A)	1,344	1,409	1,243	1,242	1,220	1,285	1,276	1,324	1,332	1,394	1,316
Debt-free, Cash-free Net Working Capital to Revenue	-7.83%	-9.26%	-6.93%	-9.06%	-8.90%	-9.32%	-10.86%	-11.38%	-9.30%	-9.40%	-7.77%
Debt-free Net Working Capital to Revenue	5.22%	6.70%	1.15%	-1.62%	-2.29%	-2.75%	-4.93%	-5.16%	-3.62%	-3.37%	-1.84%
Net Working Capital to Revenue	2.21%	1.83%	-5.69%	-9.24%	-11.24%	-10.24%	-12.09%	-12.01%	-9.68%	-10.48%	-13.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	$0.14	$1.04	($0.01)	$1.44	$0.25	$1.41	$1.81	$2.92	$0.74	$1.34
Adjusted Weighted Average Basic Shares Outstanding	1.83B	1.83B	1.83B	1.83B	1.82B	1.83B	1.81B	1.81B	1.80B	1.80B	1.79B
Adjusted Diluted Earnings per Share	($0.25)	$0.15	$1.04	($0.01)	$1.43	$0.26	$1.40	$1.81	$2.92	$0.72	$1.34
Adjusted Weighted Average Diluted Shares Outstanding	1.83B	1.83B	1.84B	1.83B	1.83B	1.83B	1.82B	1.81B	1.81B	1.81B	1.79B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.83B	1.83B	1.83B	1.82B	1.81B	1.81B	1.81B	1.80B	1.80B	1.79B	1.77B
Normalized Net Operating Profit after Tax (NOPAT)	1,849	1,436	2,200	2,015	3,082	1,633	2,946	2,454	2,552	1,837	2,606
Normalized NOPAT Margin	8.28%	6.76%	9.34%	9.13%	13.31%	7.23%	11.93%	10.39%	10.79%	8.18%	10.03%
Pre Tax Income Margin	-0.60%	4.74%	12.19%	2.98%	13.36%	4.20%	14.82%	13.07%	13.58%	9.10%	14.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	18.88%	9.30%	23.66%	0.00%	18.22%	13.72%	13.42%	0.00%
Augmented Payout Ratio	30.51%	0.00%	184.45%	318.43%	182.65%	75.49%	-76.99%	-32.93%	-27.76%	39.48%	35.72%

Financials Breakdown Chart

Frequently Asked Questions About Walt Disney's Financials

When does Walt Disney's fiscal year end?

According to the most recent income statement we have on file, Walt Disney's financial year ends in September. Their financial year 2025 ended on September 27, 2025.

How has Walt Disney's net income changed over the last 10 years?

Walt Disney's net income appears to be on a downward trend, with a most recent value of $13.43 billion in 2025, rising from $8.85 billion in 2015. The previous period was $5.77 billion in 2024. See Walt Disney's forecast for analyst expectations on whatâ€™s next for the company.

What is Walt Disney's operating income?

Walt Disney's total operating income in 2025 was $13.83 billion, based on the following breakdown:

Total Gross Profit: $35.66 billion
Total Operating Expenses: $21.83 billion

How has Walt Disney's revenue changed over the last 10 years?

Over the last 10 years, Walt Disney's total revenue changed from $52.47 billion in 2015 to $94.43 billion in 2025, a change of 80.0%.

How much debt does Walt Disney have?

Walt Disney's total liabilities were at $82.90 billion at the end of 2025, a 8.6% decrease from 2024, and a 109.7% increase since 2015.

How much cash does Walt Disney have?

In the past 10 years, Walt Disney's cash and equivalents has ranged from $4.02 billion in 2017 to $17.91 billion in 2020, and is currently $5.70 billion as of their latest financial filing in 2025.

How has Walt Disney's book value per share changed over the last 10 years?

Over the last 10 years, Walt Disney's book value per share changed from 26.38 in 2015 to 61.11 in 2025, a change of 131.7%.

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Financial statements for NYSE:DIS last updated on 2/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Walt Disney (DIS) Financials

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Walt Disney (DIS) Financials

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