The Walt Disney Company (DIS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 25.17B | 25.98B | 22.46B | 23.65B | 23.62B | 24.69B | 22.57B | 23.16B | 22.08B | 23.55B | 21.24B | 22.33B | 21.82B | 23.51B | 20.15B | 21.5B | 19.25B | 21.82B | 18.53B | 17.02B |
| Revenue Growth % | 6.55% | 5.23% | -0.49% | 2.14% | 6.96% | 4.85% | 6.28% | 3.69% | 1.23% | 0.16% | 5.41% | 3.84% | 13.33% | 7.76% | 8.72% | 26.33% | 23.29% | 34.28% | 26.02% | 44.51% |
| Cost of Goods Sold | 15.9B | 16.67B | 14.02B | 14.53B | 14.81B | 15.41B | 14.23B | 14.71B | 14.17B | 15.59B | 13.73B | 14.47B | 14.62B | 16.39B | 13.56B | 13.68B | 12.59B | 14.57B | 12.34B | 11.23B |
| COGS % of Revenue | 63.18% | 64.16% | 62.4% | 61.45% | 62.7% | 62.4% | 63.04% | 63.52% | 64.18% | 66.19% | 64.63% | 64.81% | 67% | 69.69% | 67.29% | 63.63% | 65.43% | 66.76% | 66.59% | 65.99% |
| Gross Profit | 9.27B | 9.31B | 8.45B | 9.12B | 8.81B | 9.28B | 8.34B | 8.45B | 7.91B | 7.96B | 7.51B | 7.86B | 7.2B | 7.13B | 6.59B | 7.82B | 6.66B | 7.25B | 6.19B | 5.79B |
| Gross Margin % | 36.82% | 35.84% | 37.6% | 38.55% | 37.3% | 37.6% | 36.96% | 36.48% | 35.82% | 33.81% | 35.37% | 35.19% | 33% | 30.31% | 32.71% | 36.37% | 34.57% | 33.24% | 33.41% | 34.01% |
| Gross Profit Growth % | 5.18% | 0.3% | 1.22% | 7.96% | 11.38% | 16.6% | 11.06% | 7.47% | 9.89% | 11.73% | 13.97% | 0.47% | 8.17% | -1.74% | 6.44% | 35.12% | 14.13% | 62.09% | 67.65% | 49.09% |
| Operating Expenses | 4.31B | 5.44B | 5.84B | 5.47B | 5.3B | 5.21B | 5.6B | 5.09B | 5.03B | 5.03B | 5.43B | 5.22B | 4.92B | 5.13B | 6.05B | 5.39B | 5.05B | 5.06B | 5.59B | 4.43B |
| OpEx % of Revenue | 17.13% | 20.93% | 26.01% | 23.14% | 22.46% | 21.09% | 24.8% | 21.99% | 22.79% | 21.34% | 25.56% | 23.37% | 22.57% | 21.83% | 30.02% | 25.07% | 26.26% | 23.17% | 30.18% | 26.05% |
| Selling, General & Admin | 4.07B | 4.12B | 4.45B | 4.14B | 3.98B | 3.93B | 4.31B | 3.87B | 3.79B | 3.78B | 4.02B | 3.87B | 3.61B | 3.83B | 4.73B | 4.1B | 3.77B | 3.79B | 4.32B | 3.17B |
| SG&A % of Revenue | 16.18% | 15.86% | 19.8% | 17.51% | 16.85% | 15.92% | 19.11% | 16.72% | 17.16% | 16.06% | 18.93% | 17.35% | 16.57% | 16.28% | 23.49% | 19.07% | 19.57% | 17.36% | 23.3% | 18.61% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 4.96B | 3.88B | 2.6B | 3.65B | 3.51B | 4.08B | 2.75B | 3.35B | 2.88B | 2.94B | 2.08B | 2.64B | 2.27B | 1.99B | 542M | 2.43B | 1.6B | 2.2B | 599M | 1.35B |
| Operating Margin % | 19.69% | 14.91% | 11.59% | 15.41% | 14.84% | 16.52% | 12.16% | 14.49% | 13.04% | 12.47% | 9.81% | 11.83% | 10.43% | 8.48% | 2.69% | 11.31% | 8.31% | 10.06% | 3.23% | 7.96% |
| Operating Income Growth % | 41.33% | -4.98% | -5.17% | 8.68% | 21.78% | 38.9% | 31.78% | 27% | 26.55% | 47.32% | 284.32% | 8.59% | 42.19% | -9.24% | -9.52% | 79.48% | 10.65% | 747.88% | 232.23% | 2556.86% |
| EBITDA | 6.36B | 5.19B | 4B | 4.98B | 4.83B | 5.35B | 4.03B | 4.57B | 4.12B | 4.18B | 3.49B | 3.98B | 3.58B | 3.3B | 1.86B | 3.72B | 2.89B | 3.46B | 1.87B | 2.62B |
| EBITDA Margin % | 25.27% | 19.98% | 17.79% | 21.04% | 20.45% | 21.68% | 17.85% | 19.75% | 18.66% | 17.75% | 16.44% | 17.85% | 16.43% | 14.03% | 9.23% | 17.31% | 15% | 15.88% | 10.11% | 15.4% |
| EBITDA Growth % | 31.68% | -3.04% | -0.82% | 8.81% | 17.2% | 28.12% | 15.41% | 14.78% | 14.95% | 26.67% | 87.84% | 7.07% | 24.18% | -4.79% | -0.8% | 42.01% | 6.22% | 122.54% | 112.47% | 83.54% |
| D&A (Non-Cash Add-back) | 1.41B | 1.32B | 1.39B | 1.33B | 1.32B | 1.28B | 1.28B | 1.22B | 1.24B | 1.24B | 1.41B | 1.34B | 1.31B | 1.31B | 1.32B | 1.29B | 1.29B | 1.27B | 1.27B | 1.27B |
| EBIT | 4.96B | 4.14B | 2.55B | 3.65B | 3.56B | 4.15B | 1.48B | 3.6B | 1.16B | 3.4B | 1.51B | 369M | 2.63B | 2.24B | 810M | 2.5B | 1.48B | 2.05B | 428M | 1.41B |
| Net Interest Income | -240M | -391M | -489M | -298M | -346M | -433M | -436M | -342M | -311M | -346M | -25M | -305M | -322M | -300M | -326M | -373M | -355M | -327M | -382M | -413M |
| Interest Income | 0 | 52M | 20M | 47M | 125M | 54M | 69M | 167M | 190M | 182M | 476M | 198M | 182M | 165M | 108M | 7M | 19M | 34M | -104M | 0 |
| Interest Expense | 240M | 443M | 509M | 345M | 471M | 487M | 505M | 509M | 501M | 528M | 501M | 503M | 504M | 465M | 434M | 380M | 374M | 361M | 278M | 413M |
| Other Income/Expense | -1.59B | -182M | -558M | -434M | -419M | -418M | -1.8B | -261M | -2.22B | -65M | -1.08B | -2.77B | -152M | -220M | -166M | -313M | -498M | -508M | -309M | -360M |
| Pretax Income | 3.37B | 3.69B | 2.04B | 3.21B | 3.09B | 3.66B | 948M | 3.09B | 657M | 2.87B | 1.01B | -134M | 2.12B | 1.77B | 376M | 2.12B | 1.1B | 1.69B | 290M | 995M |
| Pretax Margin % | 13.38% | 14.21% | 9.1% | 13.58% | 13.07% | 14.82% | 4.2% | 13.36% | 2.98% | 12.19% | 4.74% | -0.6% | 9.73% | 7.54% | 1.87% | 9.85% | 5.73% | 7.74% | 1.56% | 5.85% |
| Income Tax | 1.12B | 1.21B | 602M | -2.73B | -314M | 1.02B | 384M | 251M | 441M | 720M | 313M | 19M | 635M | 412M | 122M | 617M | 505M | 488M | 34M | -133M |
| Effective Tax Rate % | 33.26% | 32.74% | 29.44% | -85.08% | -10.17% | 27.76% | 40.51% | 8.12% | 67.12% | 25.08% | 31.08% | -14.18% | 29.91% | 23.24% | 32.45% | 29.12% | 45.83% | 28.91% | 11.72% | -13.37% |
| Net Income | 2.25B | 2.4B | 1.31B | 5.26B | 3.27B | 2.55B | 460M | 2.62B | -20M | 1.91B | 264M | -460M | 1.27B | 1.28B | 162M | 1.41B | 470M | 1.1B | 159M | 918M |
| Net Margin % | 8.93% | 9.25% | 5.84% | 22.25% | 13.86% | 10.34% | 2.04% | 11.32% | -0.09% | 8.12% | 1.24% | -2.06% | 5.83% | 5.44% | 0.8% | 6.55% | 2.44% | 5.06% | 0.86% | 5.39% |
| Net Income Growth % | -31.39% | -5.95% | 185.43% | 100.76% | 16475% | 33.65% | 74.24% | 669.78% | -101.57% | 49.41% | 62.96% | -132.65% | 170.43% | 15.85% | 1.89% | 53.49% | -47.84% | 6394.12% | 122.39% | 119.45% |
| Net Income (Continuing) | 2.25B | 2.48B | 1.44B | 5.94B | 3.4B | 2.64B | 564M | 2.84B | 216M | 2.15B | 694M | -153M | 1.49B | 1.36B | 254M | 1.5B | 597M | 1.2B | 256M | 1.13B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K |
| Minority Interest | 6.6B | 5.53B | 4.74B | 4.61B | 4.43B | 4.81B | 4.83B | 4.68B | 4.51B | 4.78B | 13.73B | 13.33B | 12.51B | 12.73B | 13.37B | 13.36B | 13.38B | 13.73B | 13.67B | 13.87B |
| EPS (Diluted) | 1.27 | 1.34 | 0.73 | 2.92 | 1.81 | 1.40 | 0.25 | 1.43 | -0.01 | 1.04 | 0.14 | -0.25 | 0.69 | 0.70 | 0.09 | 0.77 | 0.26 | 0.60 | 0.09 | 0.50 |
| EPS Growth % | -29.83% | -4.29% | 192% | 104.2% | 16705.5% | 34.62% | 78.57% | 672% | -101.58% | 48.57% | 57.84% | -132.47% | 165.38% | 16.67% | -2.21% | 54% | -46.94% | - | 123.87% | 119.16% |
| EPS (Basic) | 1.27 | 1.34 | 0.73 | 2.92 | 1.81 | 1.41 | 0.25 | 1.44 | -0.01 | 1.04 | 0.14 | -0.25 | 0.70 | 0.70 | 0.09 | 0.77 | 0.26 | 0.61 | 0.09 | 0.50 |
| Diluted Shares Outstanding | 1.77B | 1.79B | 1.81B | 1.8B | 1.81B | 1.82B | 1.82B | 1.83B | 1.83B | 1.83B | 1.83B | 1.83B | 1.83B | 1.83B | 1.83B | 1.82B | 1.83B | 1.83B | 1.83B | 1.83B |
| Basic Shares Outstanding | 1.77B | 1.79B | 1.8B | 1.8B | 1.81B | 1.81B | 1.81B | 1.82B | 1.83B | 1.83B | 1.83B | 1.83B | 1.83B | 1.82B | 1.82B | 1.82B | 1.82B | 1.82B | 1.82B | 1.82B |
| Dividend Payout Ratio | 59.5% | - | 68.39% | - | 27.63% | - | 177.61% | - | - | - | - | - | - | - | - | - | - | - | - | - |