Walt Disney Co (DIS)
Income Statement
Consolidated Statement of Income
WALT DISNEY CO/ (DIS)
Three and Nine Months Ended (In millions, except shares and per share data)
| Jun 27, 2026 (Q3) | Jun 28, 2025 (Q3) | Jun 27, 2026 (YTD) | Jun 28, 2025 (YTD) | |
|---|---|---|---|---|
| Revenues | $25,248 | $23,650 | $76,397 | $71,961 |
| Service | $22,675 | $21,214 | $68,565 | $64,520 |
| Product | $2,573 | $2,436 | $7,832 | $7,441 |
| Costs | $(15,106) | $(14,532) | $(47,676) | $(44,748) |
| Service | $(13,674) | $(13,034) | $(43,094) | $(40,201) |
| Product | $(1,432) | $(1,498) | $(4,582) | $(4,547) |
| Selling, general, administrative and other | $(3,968) | $(4,141) | $(12,162) | $(12,052) |
| Depreciation and amortization | $(1,414) | $(1,332) | $(4,135) | $(3,932) |
| Total costs and expenses | $(20,488) | $(20,005) | $(63,973) | $(60,732) |
| Restructuring and impairment charges | $(900) | $(185) | $(1,139) | $(437) |
| Interest expense, net | $(298) | $(324) | $(813) | $(1,037) |
| Equity in the income of investees | $83 | $75 | $233 | $203 |
| Income before income taxes | $3,645 | $3,211 | $10,705 | $9,958 |
| Income taxes | $(801) | $2,732 | $(2,912) | $2,030 |
| Net income | $2,844 | $5,943 | $7,793 | $11,988 |
| Net income attributable to noncontrolling interests | $(206) | $(681) | $(506) | $(897) |
| Net income attributable to The Walt Disney Company (Disney) | $2,638 | $5,262 | $7,287 | $11,091 |
| Diluted | 1.51 | 2.92 | 4.12 | 6.12 |
| Basic | 1.52 | 2.92 | 4.13 | 6.14 |
| Diluted (shares) | 1,743 | 1,805 | 1,769 | 1,812 |
| Basic (shares) | 1,738 | 1,799 | 1,763 | 1,806 |
Balance Sheet
Consolidated Balance Sheets
WALT DISNEY CO/ (DIS)
As of June 27, 2026 and September 27, 2025 (In millions, except shares and per share data)
| Jun 27, 2026 | Sep 27, 2025 | |
|---|---|---|
| Cash and Cash Equivalents | $5,185 | $5,695 |
| Receivables, net | $14,553 | $13,217 |
| Inventories | $2,081 | $2,134 |
| Content advances | $1,934 | $2,063 |
| Other current assets | $1,139 | $1,158 |
| Total current assets | $24,892 | $24,267 |
| Produced and licensed content costs | $30,193 | $31,327 |
| Investments | $7,627 | $8,097 |
| Parks Resorts And Other Property, Gross Excluding Projects And Land | $87,448 | $82,041 |
| Accumulated depreciation | $(49,056) | $(48,889) |
| Parks, resorts and other property before projects in progress and land, Total | $38,392 | $33,152 |
| Projects in progress | $5,169 | $6,911 |
| Land | $1,183 | $1,192 |
| Parks, resorts and other property | $44,744 | $41,255 |
| Intangible assets, net | $9,786 | $9,272 |
| Goodwill | $74,682 | $73,294 |
| Other assets | $12,816 | $10,002 |
| Total assets | $204,740 | $197,514 |
| Accounts payable and other accrued liabilities | $19,548 | $21,203 |
| Current portion of borrowings | $8,627 | $6,711 |
| Deferred revenue and other | $6,930 | $6,248 |
| Total current liabilities | $35,105 | $34,162 |
| Borrowings | $37,414 | $35,315 |
| Deferred income taxes | $5,219 | $3,524 |
| Other long-term liabilities | $10,160 | $9,901 |
| Commitments and contingencies | ||
| Preferred stock | ||
| Common stock and additional paid-in capital, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.9 billion shares | $62,639 | $59,814 |
| Retained earnings | $65,052 | $60,410 |
| Accumulated other comprehensive loss | $(2,908) | $(2,914) |
| Treasury stock, at cost, 148 million shares at June 27, 2026 and 79 million shares at September 27, 2025 | $(14,751) | $(7,441) |
| Total Disney Shareholders' equity | $110,032 | $109,869 |
| Noncontrolling interests | $6,810 | $4,743 |
| Total equity | $116,842 | $114,612 |
| Total liabilities and equity | $204,740 | $197,514 |
Cash Flow
Consolidated Statement of Cash Flows
WALT DISNEY CO/ (DIS)
Nine Months Ended (In millions, except shares and per share data)
| Jun 27, 2026 (YTD) | Jun 28, 2025 (YTD) | |
|---|---|---|
| Net Income | $7,793 | $11,988 |
| Depreciation and amortization | $4,135 | $3,932 |
| Impairments of investments and produced content | $959 | $419 |
| Deferred income taxes | $1,028 | $(2,915) |
| Equity in the income of investees | $(233) | $(203) |
| Cash distributions received from equity investees | $191 | $110 |
| Net change in produced and licensed content costs and advances | $1,106 | $819 |
| Equity-based compensation | $1,160 | $1,004 |
| Other, net | $(121) | $(153) |
| Receivables | $(1,170) | $(660) |
| Inventories | $1 | $(70) |
| Other assets | $(194) | $(201) |
| Accounts payable and other liabilities | $(529) | $(307) |
| Income taxes | $(1,611) | $(136) |
| Net Cash Provided by Operating Activities | $12,515 | $13,627 |
| Investments in parks, resorts and other property | $(6,780) | $(6,108) |
| Acquisitions and purchase of investments, net | $(540) | $(98) |
| Other, net | $64 | $13 |
| Cash used in investing activities | $(7,256) | $(6,193) |
| Commercial paper borrowings (payments), net | $2,268 | $(1,498) |
| Borrowings | $5,046 | $1,057 |
| Reduction of borrowings | $(3,625) | $(2,969) |
| Dividends | $(1,337) | $(905) |
| Repurchases of Common Stock | $(7,245) | $(2,496) |
| Acquisition of redeemable noncontrolling interests | $439 | |
| Other, net | $(847) | $(840) |
| Cash used in financing activities | $(5,740) | $(8,090) |
| Impact of Exchange Rate on Cash, Cash Equivalents and Restricted Cash | $(19) | $31 |
| Change in Cash, Cash Equivalents and Restricted Cash | $(500) | $(625) |
| Cash, Cash Equivalents and Restricted Cash, End of Period | ||
| Cash, Cash Equivalents and Restricted Cash, End of Period |