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Saturday 24 October 2026 Export DIS’s income statement to Excel — free account

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.

112.33 0.80 −0.71%
Market cap
$195.3B
P/E
23.1×
Fwd P/E
19.4×
Dividend yield
1.34%
F-score
8/9
Altman Z
2.56
Beneish M
−2.53
Dividend safety
77/100
Overview Business Profile Earnings & Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 2.11
Total sells 2.79
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — 1 — — — — — — — —
Sell — 1 1 — — — — — — 2 1 2
Insider Ownership 1.04%

Capital & Financial Ratios $m

Market Cap 195,340.00
Revenue 98,861.00
Net Income 9,236.00
Free Cash Flow 8,293.00
Net Debt 40,856.00
Current Ratio 0.71 (below 1: weak)
Debt/Equity 0.39 (at or below 0.5: strong)
P/E ratio 23.11
Fwd P/E 19.40
P/S ratio 1.97
P/B ratio 1.67
Past 5Y EPS Growth —
This Y EPS Growth 16.77% (at or above 15%: strong)
Next Y EPS Growth 8.53%
Next Y revenue growth 7.57%
Next 5Y EPS Growth 12.65%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 3.1×; over the ten years it ranged from 2.0× in 2023 to 6.5× in 2021.
P/E against its own 10 years 58.35%
10-year low 10-year high
P/S against its own 10 years 18.06%
10-year low 10-year high
P/B against its own 10 years 17.73%
10-year low 10-year high
EV/Sales against its own 10 years 17.18%
10-year low 10-year high
EV/FCF against its own 10 years 48.96%
10-year low 10-year high

Dividends

Payout Ratio 0.31
Annual Dividend Rate 1.50
Annual Dividend Yield 1.34%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.51
0.75
2025 0.98
0.50
0.75
2024 0.95
0.45
0.50
2023 0.00
0.30
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 1.76
0.88
0.88
2018 1.72
0.84
0.88
2017 1.62
0.78
0.84
2016 1.49
0.71
0.78
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 14,182 6,002 5,695 5,185
Receivables 12,330 12,729 13,217 14,553
Inventory 1,963 2,022 2,134 2,081
Other 4,288 4,488 3,221 3,073
32,763 25,241 24,267 24,892
2023 2024 2025 Q'26
Payables 20,671 21,070 21,203 19,548
ST’ Debt 4,330 6,845 6,711 8,627
Other — — — —
31,139 34,599 34,162 35,105

Compound Annual Growth %

10y 5y 3y
Sales 6.05% 7.63% 4.51%
Cash Flow 4.75% 18.90% 44.48%
Earnings 4.00% 0.00% 58.00%
Book Value 8.95% 5.36% 5.04%

Revenue $m

Dec Mar Jun Sep Year
’26 25,981 25,168 25,248 — —
’25 24,690 23,621 23,650 22,464 94,425
’24 23,549 22,083 23,155 22,574 91,361
’23 23,512 21,815 22,330 21,241 88,898
’22 21,819 19,249 21,504 20,150 82,722
’21 16,249 15,613 17,022 18,534 67,418
’20 20,877 18,025 11,779 14,707 65,388
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 735 6,914 4,866 — —
’25 3,205 6,753 3,669 4,474 18,101
’24 2,185 3,666 2,602 5,518 13,971
’23 (974) 3,236 2,802 4,802 9,866
’22 (209) 1,765 1,922 2,524 6,002
’21 75 1,393 1,466 2,632 5,566
’20 1,630 3,157 1,162 1,667 7,616
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (2,278) 4,941 3,072 — —
’25 739 4,891 1,889 2,558 10,077
’24 886 2,407 1,237 4,029 8,559
’23 (2,155) 1,987 1,637 3,428 4,897
’22 (1,190) 686 187 1,376 1,059
’21 (685) 623 528 1,522 1,988
’20 292 1,910 454 938 3,594
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 1.34 1.27 1.51 — —
’25 1.40 1.81 2.92 0.73 6.85
’24 1.04 (0.01) 1.43 0.25 2.72
’23 0.70 0.69 (0.25) 0.14 1.29
’22 0.60 0.26 0.77 0.09 1.72
’21 0.01 0.49 0.50 0.09 1.09
’20 1.16 0.25 (2.61) (0.39) (1.58)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low 86.25 96.20 97.68 105.94 79.07 142.04 84.07 78.73 83.91 80.10 (0.8%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 106.75 116.10 120.20 153.41 183.40 203.02 160.32 118.18 123.74 124.69 +1.7% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 195,000 199,000 201,000 223,000 203,000 190,000 220,000 225,000 233,000 231,000 +1.9% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.29 0.28 0.30 0.31 0.32 0.35 0.38 0.40 0.39 0.41 +4.1% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 55,632 55,137 59,434 69,607 65,388 67,418 82,722 88,898 91,361 94,425 +6.1% 101,577 106,081 110,558 +5.4%
Gross margin, % 46.09 45.04 44.94 39.57 32.89 33.06 34.24 33.41 35.75 37.76 (8.3) pt
EBT 14,868 13,788 14,729 13,923 (1,743) 2,561 5,285 4,769 7,569 12,003 (2.4%)
EBT margin, % 26.73 25.01 24.78 20.00 (2.67) 3.80 6.39 5.36 8.28 12.71 (14.0) pt
Net income 9,790 9,366 13,066 10,897 (2,442) 2,536 3,553 3,390 5,773 13,431 +3.6%
Depreciation 2,527 2,782 3,011 4,167 10,298 5,111 5,375 8,497 8,501 6,197 +10.5%
Per share, $
Per share, $ Revenue 34.15 35.16 39.65 42.03 36.17 37.12 45.40 48.63 50.06 52.34 +4.9%
Earnings 5.76 5.73 8.40 6.68 (1.58) 1.10 1.73 1.29 2.72 6.88 +2.0%
Cash flow 8.06 7.87 9.54 3.61 4.21 3.07 3.29 5.40 7.66 10.03 +2.5%
Capex (2.93) (2.31) (2.98) (2.94) (2.22) (1.97) (2.71) (2.72) (2.97) (4.45) +4.7%
Free cash flow 5.13 5.56 6.56 0.67 1.99 1.09 0.58 2.68 4.69 5.59 +0.9%
Book value 29.05 28.70 35.24 56.70 48.82 51.22 54.27 56.87 57.82 63.53 +9.1%
Shares, m 1,629 1,568 1,499 1,656 1,808 1,816 1,822 1,828 1,825 1,804 +1.1%
Valuation, ×
Valuation, × P/E 16.15 17.46 13.84 18.64 0.00 153.79 54.53 63.31 35.36 16.67 39.0
P/S 2.72 2.84 2.93 3.10 3.43 4.56 2.08 1.68 1.92 2.19 2.7
P/B 3.20 3.48 3.30 2.30 2.54 3.30 1.74 1.44 1.66 1.80 2.5
EV/Sales 3.00 3.23 3.21 3.70 4.05 5.13 2.52 2.04 2.36 2.57 3.2
EV/FCF 19.95 20.40 19.43 232.29 73.75 173.87 197.00 37.07 25.16 24.10 82.3
Cash, $m
Cash, $m Operating cash flow 13,136 12,343 14,295 5,984 7,616 5,566 6,002 9,866 13,971 18,101 +3.6%
Capex (4,773) (3,623) (4,465) (4,876) (4,022) (3,578) (4,943) (4,969) (5,412) (8,024) +5.9%
Free cash flow 8,363 8,720 9,830 1,108 3,594 1,988 1,059 4,897 8,559 10,077 +2.1%
Balance, $m
Balance, $m Working capital 124 (3,706) (1,035) (3,217) 8,623 2,580 25 1,624 (9,358) (9,895) n/m
Total debt 20,170 25,291 20,874 46,986 58,628 54,406 48,369 46,431 45,815 42,026 +8.5%
Net debt 15,560 21,274 16,724 41,568 40,714 38,447 36,754 32,249 39,813 36,331 +9.9%
Shareholders’ equity 47,323 45,004 52,832 93,889 88,263 93,011 98,879 103,957 105,522 114,612 +10.3%
Returns, %
Returns, % ROA 10.42 9.56 12.96 7.56 (1.45) 0.98 1.54 1.15 2.47 6.30 (4.1) pt
ROIC 14.12 12.99 13.30 4.91 (0.94) 1.43 3.01 2.34 3.58 5.39 (8.7) pt
ROE 19.57 19.45 25.75 15.07 (3.14) 2.20 3.28 2.32 4.75 11.27 (8.3) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.88 Actual 2.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.03 1.11 Beat by 0.08
Q1 FY26 1.57 1.63 Beat by 0.06
Q2 FY26 1.49 1.57 Beat by 0.08
Q3 FY26 1.88 2.06 Beat by 0.18
Q4 FY26 1.68 — Reports 17 November 2026

Charts ten years each

The Walt Disney Company vs peers in Entertainment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NFLX Netflix, Inc. $275.3B 20.4× 19.7× +13.37% (above 0%: growing) +10.20% (above 0%: growing) −32.73% (below 0%: shrinking) 51.93% 33.38% Compare
DIS The Walt Disney Company $195.3B 23.1× 19.4× +6.76% (above 0%: growing) −47.95% (below 0%: shrinking) +62.63% (above 0%: growing) 40.17% 15.29%
LYV Live Nation Entertainment, Inc. $41.1B — (loss-making) — (loss-making) +9.42% (above 0%: growing) −18.82% (below 0%: shrinking) +751.84% (above 0%: growing) 25.34% 6.81% Compare
TKO TKO Group Holdings, Inc. $33.6B 57.7× 39.6× +18.24% (above 0%: growing) +13.33% (above 0%: growing) −6.77% (below 0%: shrinking) 64.05% 27.78% Compare
FOX Fox Corporation $27.2B 15.5× 10.9× +28.14% (above 0%: growing) +2.55% (above 0%: growing) −47.92% (below 0%: shrinking) 43.49% 25.74% Compare
FOXA Fox Corporation $27.2B 17.4× 10.9× +28.14% (above 0%: growing) +2.55% (above 0%: growing) −47.92% (below 0%: shrinking) 43.49% 25.74% Compare
ROKU Roku, Inc. $23.8B 66.1× 52.7× +21.93% (above 0%: growing) +1,485.71% (above 0%: growing) +158.61% (above 0%: growing) 49.73% 10.79% Compare
FWONA Liberty Media Corporation - Liberty Formula One Series A $22.7B 78.9× — +24.06% (above 0%: growing) −98.69% (below 0%: shrinking) +35.16% (above 0%: growing) 20.97% 0.00% Compare
FWONK Liberty Media Corporation - Liberty Formula One Series C $22.7B 85.7× 89.9× +24.06% (above 0%: growing) −98.69% (below 0%: shrinking) +35.16% (above 0%: growing) 20.97% 0.00% Compare
Median of peers $27.2B 57.7× 29.7× +23.00% +2.55% +14.20% 43.49% 18.27%

All 53 Entertainment stocks →

DIS metrics, ten years each

The Walt Disney Company (DIS) key facts

  • Strength: The Walt Disney Company’s revenue for fiscal 2025 (year ended September 2025) was $94.4 billion, up 3.35% from fiscal 2024.
  • Strength: Net income was $13.4 billion, or $6.88 per share (basic), a net margin of 13.1%.
  • The Walt Disney Company (DIS) is an Entertainment company in the Communication Services sector, listed on the New York Stock Exchange.
  • As of October 23, 2026, DIS traded at $112.33, a market capitalization of $195.3 billion.
  • At that price the stock trades at 23.1× trailing-twelve-month earnings and 2.0× sales; its P/E is higher than 58% of its own readings over the past ten years.
  • The Walt Disney Company pays an annual dividend of $1.50 per share, a yield of 1.34%, with a payout ratio of 30.9%.
  • Return on equity was 11.3% and debt-to-equity 0.39.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.56 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 75.81%
Held by the ten largest 36.57%
Holder Shares Stake Change
Vanguard 168.35m 9.62% −245.69k
BlackRock 136.88m 7.82% +1.43m
State Street 83.50m 4.77% −207.50k
JPMorgan Chase 75.81m 4.33% −1.09m
Geode Capital Management 41.32m 2.36% −269.47k
Morgan Stanley 34.50m 1.97% +696.44k
Wellington Management 31.99m 1.83% +4.10m
Fidelity (FMR) 25.39m 1.45% +3.44m
UBS 22.06m 1.26% −1.65m
Norges Bank 20.25m 1.16% +20.25m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

The Walt Disney Company (DIS) Latest News

23 Oct

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22 Oct

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21 Oct

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20 Oct

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19 Oct

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18 Oct

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17 Oct

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16 Oct

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15 Oct

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14 Oct

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13 Oct

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stockrow.com/DIS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com