Walt Disney Company (The) $DIS

Communication Services · Movies & Entertainment · NYSE/NASDAQ

Profile updated Figures as of

$111.67
+2.08 (+1.90%)
As of Oct 21, 2026, 2:10 AM EDT
Price history
Loading chart…
Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Mar 31, 2026, the first target we tracked for DIS.

Key facts

52-week range (closes)
$92.42 – $116.65 Lowest close Mar 27, 2026, highest Nov 12, 2025; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends
September Fiscal 2025 ended Sep 27, 2025, from SEC filings
In the S&P 500 since
Jul 1, 1976 · All S&P 500 changes
In the Dow since
May 6, 1991, replacing Navistar, Primerica and USX · All Dow changes
Analyst coverage
12 open price targets from 10 firms: Citi, Raymond James, Argus Research, Goldman Sachs, Guggenheim, JPMorgan, Needham, Rosenblatt Securities, UBS, Wells Fargo Approved targets tracked here; see the analyst section below

Walt Disney Company (The) (DIS) is trading up at $111.67 (+1.90%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Communication Services sector.

Analyst price targets on DIS

Current price targets from 10 firms average $131, median $133, ranging from $119 to $140 — the average is 17% above the current $112. Each is tracked to its date and scored the same way a member's call is.

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Walt Disney Company (The) revenue & net income history (FY2017–FY2025)

RevenueNet incomeNet margin (right axis, %)
$94.4B$45.8B−$2.86BFY2017 revenue: $55.1BFY2017 net income: $8.98B · Net margin 16.3%'17FY2018 revenue: $59.4BFY2018 net income: $12.6B · Net margin 21.2%'18FY2019 revenue: $69.6BFY2019 net income: $11.1B · Net margin 15.9%'19FY2020 revenue: $65.4BFY2020 net income: −$2.86B · Net margin −4.4%'20FY2021 revenue: $67.4BFY2021 net income: $2.00B · Net margin 3.0%'21FY2022 revenue: $82.7BFY2022 net income: $3.15B · Net margin 3.8%'22FY2023 revenue: $88.9BFY2023 net income: $2.35B · Net margin 2.6%'23FY2024 revenue: $91.4BFY2024 net income: $4.97B · Net margin 5.4%'24FY2025 revenue: $94.4BFY2025 net income: $12.4B · Net margin 13.1%'250%20%40%60%FY2017 net margin: 16.3%FY2018 net margin: 21.2%FY2019 net margin: 15.9%FY2020 net margin: −4.4% (off the scale, which stops at −1.8%)FY2021 net margin: 3.0%FY2022 net margin: 3.8%FY2023 net margin: 2.6%FY2024 net margin: 5.4%FY2025 net margin: 13.1%
Walt Disney Company (The) annual financial statements
FY2017Sep 2017FY2018Sep 2018FY2019Sep 2019FY2020Oct 2020FY2021Oct 2021FY2022Oct 2022FY2023Sep 2023FY2024Sep 2024FY2025Sep 2025
Income statement
Revenue$55.1B$59.4B$69.6B$65.4B$67.4B$82.7B$88.9B$91.4B$94.4B
Growth (year over year)—+7.8%+17.1%−6.1%+3.1%+22.7%+7.5%+2.8%+3.4%
Operating income$14.8B$15.7B$14.8B$8.11B$7.77B$12.1B$12.9B$15.6B$17.6B
Operating margin26.8%26.4%21.3%12.4%11.5%14.7%14.5%17.1%18.6%
Net income$8.98B$12.6B$11.1B−$2.86B$2.00B$3.15B$2.35B$4.97B$12.4B
Net margin16.3%21.2%15.9%−4.4%3.0%3.8%2.6%5.4%13.1%
EPS (diluted)$5.69$8.36$6.64−$1.58$1.09$1.72$1.29$2.72$6.85
Balance sheet
Cash and equivalents$4.02B$4.15B$5.42B$17.9B$16.0B$11.6B$14.2B$6.00B$5.70B
Total assets—$98.6B$194.0B$201.5B$203.6B$203.6B$205.6B$196.2B$197.5B
Total liabilities—$45.9B$100.1B$113.3B$110.6B$104.8B$101.6B$90.7B$82.9B
Long-term debt—$17.1B$38.1B$52.9B$48.5B$45.3B$42.1B$39.0B$35.3B
Shareholders' equity—$48.8B$88.9B$83.6B$88.6B$95.0B$99.3B$100.7B$109.9B
Cash flow
Operating cash flow$12.3B$14.3B$5.98B$7.62B$5.57B$6.00B$9.87B$14.0B$18.1B
Capital expenditure$3.62B$4.46B$4.88B$4.02B$3.58B$4.94B$4.97B$5.41B$8.02B
Free cash flow$8.72B$9.83B$1.11B$3.59B$1.99B$1.06B$4.90B$8.56B$10.1B
Dividends paid$2.44B$2.52B$2.90B$1.59B$0$0$0$1.37B$1.80B
Share buybacks$9.37B$3.58B$0$0—$0$0$2.99B$3.50B

From Walt Disney Company (The)'s 10-K and 10-Q filings with the SEC; its fiscal year ends in September. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Walt Disney Company (The) vs the Communication Services sector and the S&P 500

Walt Disney Company (The)'s latest reported figures next to the median of the other 20 S&P 500 Communication Services companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Walt Disney Company (The) compared with the median Communication Services company and the median S&P 500 company
MeasureWalt Disney Company (The)Communication Services (20 other S&P 500 companies)S&P 500 (502 other companies)
Revenue growth, latest fiscal year+3.4%+6.8%+7.0%
Net margin, latest fiscal year13.1%9.8%12.9%
Share price change, 1 year−2.3%+3.0%+6.9%

Walt Disney Company (The): fiscal year ended September 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 21, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Walt Disney Company (The) included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 21, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 19/496, net margin 19/496, 1-year price change 19/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.

About Walt Disney Company (The)

Headquarters
Burbank, California From SEC filings, Oct 2026

Company profile

The Walt Disney Company, a Delaware corporation based in Burbank, California, describes itself in its annual report for fiscal 2025 (Form 10-K) as a diversified worldwide entertainment company with operations in three segments: Entertainment, Sports and Experiences. Entertainment covers its non-sports film and episodic content, including the ABC Television Network, the Disney, Freeform, FX and National Geographic channels and the Disney+ and Hulu streaming services; Sports covers ESPN; and Experiences covers its theme parks and resorts, Disney Cruise Line, Disney Vacation Club and consumer products. Its fiscal year ends on the Saturday closest to September 30 and usually has 52 weeks; the 10-K says fiscal 2025, 2024 and 2023 were fifty-two week years and fiscal 2026 will be a fifty-three week year. Its common stock trades on the New York Stock Exchange under the symbol DIS.

For fiscal 2025, the year ended September 27, 2025, the consolidated statements of income report total revenues of $94,425 million (services $84,588 million, products $9,837 million), income before income taxes of $12,003 million, net income attributable to Disney of $12,404 million and diluted earnings per share of $6.85. Income taxes were a benefit of $1,428 million, which included a non-cash tax benefit of approximately $3.3 billion recognized when Hulu's U.S. income tax classification changed after the company completed its acquisition of NBC Universal's interest in Hulu. Cash provided by operations was $18,101 million and investments in parks, resorts and other property $8,024 million (10-K).

At September 27, 2025 the company reported total assets of $197,514 million, borrowings of $35,315 million plus a current portion of $6,711 million, and total Disney shareholders' equity of $109,869 million. In fiscal 2025 it repurchased 32 million shares of its common stock for $3.5 billion, and on November 13, 2025 it declared a dividend of $1.50 per share, payable in two semi-annual installments of $0.75 per share on January 15, 2026 and July 22, 2026 (10-K).

According to its 10-Q for the quarter ended June 27, 2026 (the third quarter of fiscal 2026, unaudited), total revenues were $25,248 million for the quarter and $76,397 million for the nine months. Net income attributable to Disney was $2,638 million for the quarter, or $1.51 per diluted share, after restructuring and impairment charges of $900 million that included $0.8 billion for an impairment of its investment in A+E Global Media. On January 31, 2026 ESPN acquired NFL Network and certain other NFL media assets in exchange for a 10% noncontrolling interest in ESPN, after which the company has an effective 72% interest in ESPN. In July 2026 the company agreed to sell its 50% interest in A+E to an affiliate of co-owner Hearst Corporation for approximately $1.2 billion in cash (10-Q).

In its earnings release for the quarter, the company reported diluted EPS excluding certain items (adjusted EPS, a non-GAAP measure) of $2.06 and said it is now targeting at least $9 billion in share repurchases in fiscal 2026; it also said it continues to expect fiscal 2026 adjusted EPS growth of approximately 12%, excluding the impact of the 53rd week (company projection, as reported in the Form 8-K exhibit).

On February 2, 2026 the Board of Directors appointed Josh D'Amaro, then Chairman of Disney Experiences, as Chief Executive Officer, and Robert A. Iger, then Chief Executive Officer, as Senior Advisor, both effective March 18, 2026; Dana Walden, Co-Chairman of Disney Entertainment, was appointed President and Chief Creative Officer from the same date (Form 8-K). On March 18, 2026 the Board appointed Mr. D'Amaro a director (Form 8-K). Hugh F. Johnston is Senior Executive Vice President and Chief Financial Officer (10-Q). The company employed approximately 231,000 people as of fiscal year end 2025, about 172,000 of them in the U.S. (10-K).

Summary sources:12345

$94,425 million1
Total revenues, fiscal 2025 (52 weeks ended September 27, 2025)
$84,588 million1
Services revenues, fiscal 2025
$9,837 million1
Products revenues, fiscal 2025
$12,003 million1
Income before income taxes, fiscal 2025
$12,404 million1
Net income attributable to Disney, fiscal 2025
$6.851
Diluted earnings per share attributable to Disney, fiscal 2025
$17,551 million1
Total segment operating income, fiscal 2025 (segment note of the 10-K)
$18,101 million1
Cash provided by operations, fiscal 2025
$8,024 million1
Investments in parks, resorts and other property, fiscal 2025
$197,514 million1
Total assets, September 27, 2025
$35,315 million1
Borrowings (excluding current portion), September 27, 2025
$109,869 million1
Total Disney shareholders' equity, September 27, 2025
32 million shares for $3.5 billion1
Common stock repurchased, fiscal 2025 (excludes the 1% excise tax)
$1.50 per share, in two semi-annual installments of $0.751
Dividend declared November 13, 2025
131.6 million1
Disney+ paid subscribers, September 27, 2025
64.1 million1
Hulu paid subscribers, September 27, 2025
231,0001
Employees, fiscal year end 2025 (approximate)
1,785,288,8461
Shares of common stock outstanding, November 5, 2025 (10-K cover)
$25,248 million2
Total revenues, quarter ended June 27, 2026 (unaudited)
$76,397 million2
Total revenues, nine months ended June 27, 2026 (unaudited)
$2,638 million2
Net income attributable to Disney, quarter ended June 27, 2026 (unaudited)
$1.512
Diluted earnings per share attributable to Disney, quarter ended June 27, 2026 (unaudited)
$5,555 million2
Total segment operating income, quarter ended June 27, 2026 (segment note of the 10-Q, unaudited)
$204,740 million2
Total assets, June 27, 2026 (unaudited)
68 million shares for $7.2 billion2
Common stock repurchased, nine months ended June 27, 2026
1,726,686,9022
Shares of common stock outstanding, July 29, 2026 (10-Q cover)
$2.063
Diluted EPS excluding certain items (adjusted EPS, non-GAAP), quarter ended June 27, 2026
at least $9 billion3
Share repurchase target, fiscal 2026 (company projection, as reported August 5, 2026)

Revenue by fiscal year, as reported in 10-K

Fiscal yearRevenue (as reported in 10-K)Reported asFiled
2021$67,418 million6Form 10-K for fiscal year 2021 (52 weeks ended October 2, 2021), total revenues, in millions as filedNov 24, 2021
2022$82,722 million7Form 10-K for fiscal year 2022 (year ended October 1, 2022), total revenues, in millions as filedNov 29, 2022
2023$88,898 million8Form 10-K for fiscal year 2023 (year ended September 30, 2023), total revenues, in millions as filedNov 21, 2023
2024$91,361 million9Form 10-K for fiscal year 2024 (year ended September 28, 2024), total revenues, in millions as filedNov 14, 2024
2025$94,425 million1Form 10-K for fiscal year 2025 (year ended September 27, 2025), total revenues, in millions as filedNov 13, 2025

Segments and products

Risks

Frequently asked questions

What does Disney do?
The Walt Disney Company describes itself as a diversified worldwide entertainment company with three segments: Entertainment (film and TV studios, the ABC network and cable channels, and the Disney+ and Hulu streaming services), Sports (ESPN) and Experiences (theme parks and resorts, Disney Cruise Line, Disney Vacation Club and consumer products) (10-K for fiscal 2025).
How much revenue did Disney make in fiscal 2025?
Total revenues were $94,425 million for fiscal 2025, the year ended September 27, 2025, compared with $91,361 million in fiscal 2024, according to its 10-K. Net income attributable to Disney was $12,404 million, or $6.85 per diluted share.
When does Disney's fiscal year end?
Disney's fiscal year ends on the Saturday closest to September 30 and normally has 52 weeks, with a 53-week year approximately every six years. Fiscal 2025 ended on September 27, 2025, and the 10-K says fiscal 2026 will be a fifty-three week year, with the extra week reported in the fourth quarter (10-K for fiscal 2025).
Which Disney segment earns the most?
In fiscal 2025 Experiences reported the highest segment operating income, $9,995 million on revenues of $36,156 million, compared with $4,674 million for Entertainment on revenues of $42,466 million and $2,882 million for Sports on revenues of $17,672 million (10-K).
How many Disney+ and Hulu subscribers are there?
Disney reported 131.6 million paid Disney+ subscribers and 64.1 million paid Hulu subscribers at September 27, 2025, according to the key metrics in its 10-K for fiscal 2025.
What were Disney's latest quarterly results?
For the quarter ended June 27, 2026, the third quarter of fiscal 2026, its 10-Q (unaudited) reports total revenues of $25,248 million and net income attributable to Disney of $2,638 million, or $1.51 per diluted share, after $900 million of restructuring and impairment charges that included $0.8 billion for an impairment of its investment in A+E.
Who is Disney's CEO?
On February 2, 2026 the Board appointed Josh D'Amaro Chief Executive Officer and Robert A. Iger, the previous Chief Executive Officer, Senior Advisor, both effective March 18, 2026, and appointed Dana Walden President and Chief Creative Officer from the same date (Form 8-K filed February 3, 2026). A Form 8-K filed March 20, 2026 says Mr. D'Amaro is Chief Executive Officer and that the Board appointed him a director on March 18, 2026.
Does Disney pay a dividend?
Yes. On November 13, 2025 Disney declared a dividend of $1.50 per share, payable in two semi-annual installments of $0.75 per share on January 15, 2026 and July 22, 2026, according to its 10-K for fiscal 2025. The 10-K says the company did not declare or pay a dividend in fiscal 2023.
Does Disney buy back its own shares?
Yes. It repurchased 32 million shares for $3.5 billion in fiscal 2025 (10-K) and 68 million shares for $7.2 billion in the nine months ended June 27, 2026 (10-Q). In its August 5, 2026 earnings release it said it is now targeting at least $9 billion in share repurchases in fiscal 2026 (company projection).
How much of ESPN does Disney own?
After ESPN acquired NFL Network and certain other NFL media assets on January 31, 2026 in exchange for a 10% noncontrolling interest in ESPN, Disney has an effective 72% interest in ESPN and Hearst Corporation an 18% interest, according to its 10-Q for the quarter ended June 27, 2026.
How many employees does Disney have?
Disney employed approximately 231,000 people as of fiscal year end 2025, of which approximately 172,000 were in the U.S. and approximately 59,000 outside the U.S., according to its 10-K.

Sources

  1. The Walt Disney Company (SEC filing), The Walt Disney Company Form 10-K for the fiscal year ended September 27, 2025, Nov 13, 2025
  2. The Walt Disney Company (SEC filing), The Walt Disney Company Form 10-Q for the quarterly period ended June 27, 2026 (unaudited), Aug 5, 2026
  3. The Walt Disney Company (SEC filing), The Walt Disney Company Form 8-K, Item 2.02, Exhibit 99.1: earnings release for the third quarter of fiscal 2026, dated August 5, 2026, Aug 5, 2026
  4. The Walt Disney Company (SEC filing), The Walt Disney Company Form 8-K, Items 5.02 and 8.01: Josh D'Amaro appointed Chief Executive Officer and Dana Walden President and Chief Creative Officer, effective March 18, 2026, Feb 3, 2026
  5. The Walt Disney Company (SEC filing), The Walt Disney Company Form 8-K, Items 5.02 and 5.07: Josh D'Amaro appointed a director and 2026 annual meeting voting results, Mar 20, 2026
  6. The Walt Disney Company (SEC filing), The Walt Disney Company Form 10-K for the fiscal year ended October 2, 2021, Nov 24, 2021
  7. The Walt Disney Company (SEC filing), The Walt Disney Company Form 10-K for the fiscal year ended October 1, 2022, Nov 29, 2022
  8. The Walt Disney Company (SEC filing), The Walt Disney Company Form 10-K for the fiscal year ended September 30, 2023, Nov 21, 2023
  9. The Walt Disney Company (SEC filing), The Walt Disney Company Form 10-K for the fiscal year ended September 28, 2024, Nov 14, 2024

Figures last checked against the sources above on . General information, not investment advice.

Recent News (20)

More Communication Services stocks

Browse all companies →