The Walt Disney Company
DIS Communication Services Entertainment
The Walt Disney Company’s revenue for fiscal 2025 (year ended September 2025) was $94.4 billion, up 3.35% from fiscal 2024. In the quarter to June 2026, revenue grew 6.76%, EPS fell 48.0%, free cash flow grew 62.6% and total debt rose 8.94%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five; insiders bought in the last twelve months.
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The Walt Disney Company (DIS) Gross margin
The Walt Disney Company's gross margin over the twelve months to 30 June 2026 was 37.6%, down 0.2 percentage points from fiscal 2025 (37.8%). Over the past ten years it has ranged from 32.9% (fiscal 2020) to 46.1% (fiscal 2016); the current reading is higher than 55% of that period. That is below the Entertainment industry median of 44.9% and below the Communication Services sector median of 53.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 37.8% | 2.01 |
| FY2024 | 35.8% | 2.34 |
| FY2023 | 33.4% | (0.83) |
| FY2022 | 34.2% | 1.18 |
| FY2021 | 33.1% | 0.17 |
| FY2020 | 32.9% | (6.68) |
| FY2019 | 39.6% | (5.37) |
| FY2018 | 44.9% | (0.10) |
| FY2017 | 45.0% | (1.05) |
| FY2016 | 46.1% | 0.15 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 40.2% | 3.35 |
| Mar 2026 | 36.8% | 0.98 |
| Dec 2025 | 35.8% | (1.76) |
| Sep 2025 | 37.6% | (0.95) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| TKO TKO Group Holdings, Inc. compare | 59.5% |
| NFLX Netflix, Inc. compare | 49.1% |
| ROKU Roku, Inc. compare | 45.5% |
| DIS The Walt Disney Company | 37.6% |
| FOXA Fox Corporation compare | 36.6% |
| FOX Fox Corporation compare | 36.6% |
| LYV Live Nation Entertainment, Inc. compare | 25.8% |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 19.5% |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 19.5% |
| Entertainment industry median | 44.9% |
| Communication Services sector median | 53.1% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on DIS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement