OpenNashEarnings

Media & Streaming · NYSE: DIS

Disney earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends October · next results expected around 12 Nov 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 FY2026

Disney's fiscal Q3 revenues increased 7% to $25.2 billion and adjusted EPS increased to $2.06 from $1.61, while diluted EPS decreased to $1.51 from $2.92.

Disney's third quarter was driven by theme parks, cruises and streaming. Revenues rose 7% to $25.2 billion. Total segment operating income rose 21% to $5.6 billion. Adjusted EPS rose to $2.06 from $1.61. Reported diluted EPS fell to $1.51 from $2.92 because last year's figure included a large Hulu-related tax benefit and this quarter had an $812 million A+E impairment. Experiences operating income grew 20% and Entertainment's grew 64%, while Sports fell 17%.

Read the Q3 FY2026 summary →Q3 FY2026 slides (PDF) ↗

Quarters

KPI history

Revenue$25.2B+6.8% y/yQ3 FY26
Q4 FY24: $22.6B (worked out from the annual figure)Q4 24$22.6BQ1 FY25: $24.7BQ1 25$24.7BQ2 FY25: $23.6BQ2 25$23.6BQ3 FY25: $23.6BQ3 25$23.6BQ4 FY25: $22.5B (worked out from the annual figure)Q4 25$22.5BQ1 FY26: $26.0BQ1 26$26.0BQ2 FY26: $25.2BQ2 26$25.2BQ3 FY26: $25.2BQ3 26$25.2B

Fourth quarter worked out from the annual figure.

Data
Q4 FY24$22.6B *
Q1 FY25$24.7B
Q2 FY25$23.6B
Q3 FY25$23.6B
Q4 FY25$22.5B *
Q1 FY26$26.0B
Q2 FY26$25.2B
Q3 FY26$25.2B
Diluted EPS (GAAP)$1.51−48.3% y/yQ3 FY26
Q1 FY25: $1.40Q1 25$1.40Q2 FY25: $1.81Q2 25$1.81Q3 FY25: $2.92Q3 25$2.92Q1 FY26: $1.34Q1 26$1.34Q2 FY26: $1.27Q2 26$1.27Q3 FY26: $1.51Q3 26$1.51
Data
Q1 FY25$1.40
Q2 FY25$1.81
Q3 FY25$2.92
Q1 FY26$1.34
Q2 FY26$1.27
Q3 FY26$1.51

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin22.0%+2.7 pts y/yQ3 FY26
Q4 FY24: 16.2%Q4 2416.2%Q1 FY25: 20.5%Q1 2520.5%Q2 FY25: 18.8%Q2 2518.8%Q3 FY25: 19.3%Q3 2519.3%Q4 FY25: 15.5%Q4 2515.5%Q1 FY26: 17.7%Q1 2617.7%Q2 FY26: 18.3%Q2 2618.3%Q3 FY26: 22.0%Q3 2622.0%
Data
Q4 FY2416.2%
Q1 FY2520.5%
Q2 FY2518.8%
Q3 FY2519.3%
Q4 FY2515.5%
Q1 FY2617.7%
Q2 FY2618.3%
Q3 FY2622.0%
Free cash flow$3.1B+62.6% y/yQ3 FY26
Q4 FY24: $4.0BQ4 24$4.0BQ1 FY25: $739.0MQ1 25$739.0MQ2 FY25: $4.9BQ2 25$4.9BQ3 FY25: $1.9BQ3 25$1.9BQ4 FY25: $2.6BQ4 25$2.6BQ1 FY26: -$2.3BQ1 26-$2.3BQ2 FY26: $4.9BQ2 26$4.9BQ3 FY26: $3.1BQ3 26$3.1B
Data
Q4 FY24$4.0B
Q1 FY25$739.0M
Q2 FY25$4.9B
Q3 FY25$1.9B
Q4 FY25$2.6B
Q1 FY26-$2.3B
Q2 FY26$4.9B
Q3 FY26$3.1B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$22.6Bd$24.7B$23.6B$23.6B$22.5Bd$26.0B$25.2B$25.2B
Operating income$3.7Bd$5.1B$4.4B$4.6B$3.5Bd$4.6B$4.6B$5.6B
Operating margin16.2%20.5%18.8%19.3%15.5%17.7%18.3%22.0%
Net income$460.0Md$2.6B$3.3B$5.3B$1.3Bd$2.4B$2.2B$2.6B
Diluted EPS—$1.40$1.81$2.92—$1.34$1.27$1.51
Operating cash flow$5.5Bd$3.2B$6.8Bd$3.7Bd$4.5Bd$735.0M$6.9Bd$4.9Bd
Capital expenditure$1.5Bd$2.5B$1.9Bd$1.8Bd$1.9Bd$3.0B$2.0Bd$1.8Bd
Free cash flow$4.0B$739.0M$4.9B$1.9B$2.6B-$2.3B$4.9B$3.1B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings