Walt Disney Co. (DIS) financial statements: income statement, balance sheet and cash flow

Walt Disney Co.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 27, 2025 · FY), Walt Disney Co. reported revenue of $94.4B (+3.4% year on year) and net income of $13.4B (+132.7% year on year).

Income statement

Walt Disney Co. income statement, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Revenues	$94.4B	$91.4B	$88.9B	$82.7B
Cost of Product and Service Sold	($58.8B)	($58.7B)	($59.2B)	($54.4B)
Selling, general, administrative and other	($16.5B)	($15.8B)	($15.3B)	($16.4B)
Depreciation and amortization	($5.3B)	($5.0B)	($5.4B)	($5.2B)
Total costs and expenses	($80.6B)	($79.4B)	($79.9B)	($76.0B)
Restructuring and impairment charges	($819.0M)	($3.6B)	($3.9B)	($237.0M)
Other income (expense), net	$0	($65.0M)	$96.0M	($667.0M)
Interest expense, net	($1.3B)	($1.3B)	($1.2B)	($1.4B)
Equity in the income of investees	$295.0M	$575.0M	$782.0M	$816.0M
Income before income taxes	$12.0B	$7.6B	$4.8B	$5.3B
Income taxes	$1.4B	($1.8B)	($1.4B)	($1.7B)
Net income	$13.4B	$5.8B	$3.4B	$3.5B
Net income attributable to noncontrolling and redeemable noncontrolling interests	($1.0B)	($801.0M)	($1.0B)	($360.0M)
Net income attributable to The Walt Disney Company (Disney)	$12.4B	$5.0B	$2.4B	$3.1B
Diluted	$6.85	$2.72	$1.29	$1.72
Basic	$6.88	$2.72	$1.29	$1.73
Diluted (shares)	1.8B	1.8B	1.8B	1.8B
Basic (shares)	1.8B	1.8B	1.8B	1.8B

Walt Disney Co. income statement, quarters

Line item	Jun 27, 2026 · Q3	Mar 28, 2026 · Q2	Dec 27, 2025 · Q1	Jun 28, 2025 · Q3
Revenues	$25.2B	$25.2B	$26.0B	$23.6B
Costs	($15.1B)	($15.9B)	($16.7B)	($14.5B)
Selling, general, administrative and other	($4.0B)	($4.1B)	($4.1B)	($4.1B)
Depreciation and amortization	($1.4B)	($1.4B)	($1.3B)	($1.3B)
Total costs and expenses	($20.5B)	($21.4B)	($22.1B)	($20.0B)
Restructuring and impairment charges	($900.0M)	($239.0M)	$0	($185.0M)
Interest expense, net	($298.0M)	($240.0M)	($275.0M)	($324.0M)
Equity in the income of investees	$83.0M	$57.0M	$93.0M	$75.0M
Income before income taxes	$3.6B	$3.4B	$3.7B	$3.2B
Income taxes	($801.0M)	($902.0M)	($1.2B)	$2.7B
Net income	$2.8B	$2.5B	$2.5B	$5.9B
Net income attributable to noncontrolling interests	($206.0M)	($218.0M)	($82.0M)	($681.0M)
Net income attributable to The Walt Disney Company (Disney)	$2.6B	$2.2B	$2.4B	$5.3B
Diluted	$1.51	$1.27	$1.34	$2.92
Basic	$1.52	$1.27	$1.34	$2.92
Diluted (shares)	1.7B	1.8B	1.8B	1.8B
Basic (shares)	1.7B	1.8B	1.8B	1.8B

Balance sheet

Walt Disney Co. balance sheet, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Cash and cash equivalents	$5.7B	$6.0B	$14.2B	$11.6B
Receivables, net	$13.2B	$12.7B	$12.3B	$12.7B
Inventories	$2.1B	$2.0B	$2.0B	$1.7B
Content advances	$2.1B	$2.1B	$3.0B	$1.9B
Other current assets	$1.2B	$2.4B	$1.3B	$1.2B
Total current assets	$24.3B	$25.2B	$32.8B	$29.1B
Produced and licensed content costs	$31.3B	$32.3B	$33.6B	$35.8B
Investments	$8.1B	$4.5B	$3.1B	$3.2B
Attractions, buildings and equipment	$82.0B	$76.7B	$70.1B	$67.0B
Accumulated depreciation	($48.9B)	($45.5B)	($42.6B)	($39.4B)
Parks, resorts and other property, before projects in progress and land, Total	$33.2B	$31.2B	$27.5B	$27.6B
Projects in progress	$6.9B	$4.7B	$6.3B	$4.8B
Land	$1.2B	$1.1B	$1.2B	$1.1B
Parks, resorts and other property	$41.3B	$37.0B	$34.9B	$33.6B
Intangible assets, net	$9.3B	$10.7B	$13.1B	$14.8B
Goodwill	$73.3B	$73.3B	$77.1B	$77.9B
Other assets	$10.0B	$13.1B	$11.1B	$9.2B
Total assets	$197.5B	$196.2B	$205.6B	$203.6B
Accounts payable and other accrued liabilities	$21.2B	$21.1B	$20.7B	$20.2B
Current portion of borrowings	$6.7B	$6.8B	$4.3B	$3.1B
Deferred revenue and other	$6.2B	$6.7B	$6.1B	$5.8B
Total current liabilities	$34.2B	$34.6B	$31.1B	$29.1B
Borrowings	$35.3B	$39.0B	$42.1B	$45.3B
Deferred income taxes	$3.5B	$6.3B	$7.3B	$8.4B
Other long-term liabilities	$9.9B	$10.9B	$12.1B	$12.5B
Preferred stock	$0	$0	$0	$0
Common stock, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.9 billion shares	59.8B	58.6B	57.4B	56.4B
Retained earnings	$60.4B	$49.7B	$46.1B	$43.6B
Accumulated other comprehensive loss	($2.9B)	($3.7B)	($3.3B)	($4.1B)
Treasury stock, at cost, 79 million shares at September 27, 2025 and 47 million shares at September 28, 2024	-7.4B	-3.9B	-907.0M	-907.0M
Total Disney Shareholders’ equity	$109.9B	$100.7B	$99.3B	$95.0B
Noncontrolling interests	$4.7B	$4.8B	$4.7B	$3.9B
Total equity	$114.6B	$105.5B	$104.0B	$98.9B
Total liabilities and equity	$197.5B	$196.2B	$205.6B	$203.6B

Walt Disney Co. balance sheet, quarters

Line item	Jun 27, 2026	Mar 28, 2026	Dec 27, 2025	Jun 28, 2025
Cash and Cash Equivalents	$5.2B	$5.7B	$5.7B	$5.4B
Receivables, net	$14.6B	$14.4B	$15.1B	$13.4B
Inventories	$2.1B	$2.1B	$2.2B	$2.1B
Content advances	$1.9B	$1.2B	$1.3B	$1.8B
Other current assets	$1.1B	$1.3B	$1.2B	$1.2B
Total current assets	$24.9B	$24.6B	$25.5B	$23.8B
Produced and licensed content costs	$30.2B	$30.4B	$31.1B	$31.3B
Investments	$7.6B	$8.4B	$8.1B	$8.7B
Parks Resorts And Other Property, Gross Excluding Projects And Land	$87.4B	$86.2B	$81.8B	$81.5B
Accumulated depreciation	($49.1B)	($48.1B)	($47.2B)	($48.8B)
Parks, resorts and other property before projects in progress and land, Total	$38.4B	$38.1B	$34.6B	$32.7B
Projects in progress	$5.2B	$5.0B	$7.4B	$6.3B
Land	$1.2B	$1.2B	$1.2B	$1.2B
Parks, resorts and other property	$44.7B	$44.3B	$43.2B	$40.2B
Intangible assets, net	$9.8B	$10.1B	$9.4B	$9.6B
Goodwill	$74.7B	$74.7B	$74.7B	$73.3B
Other assets	$12.8B	$12.9B	$10.1B	$9.7B
Total assets	$204.7B	$205.2B	$202.1B	$196.6B
Accounts payable and other accrued liabilities	$19.5B	$20.0B	$20.5B	$20.5B
Current portion of borrowings	$8.6B	$8.9B	$10.8B	$5.7B
Deferred revenue and other	$6.9B	$7.4B	$6.7B	$6.7B
Total current liabilities	$35.1B	$36.2B	$38.0B	$33.0B
Borrowings	$37.4B	$38.5B	$35.8B	$36.5B
Deferred income taxes	$5.2B	$5.0B	$4.1B	$3.1B
Other long-term liabilities	$10.2B	$10.2B	$10.1B	$10.3B
Preferred stock	$0	$0	$0	$0
Common stock and additional paid-in capital, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.9 billion shares	62.6B	62.3B	60.7B	59.5B
Retained earnings	$65.1B	$62.4B	$60.2B	$59.1B
Accumulated other comprehensive loss	($2.9B)	($3.0B)	($2.9B)	($3.0B)
Treasury stock, at cost, 148 million shares at June 27, 2026 and 79 million shares at September 27, 2025	-14.8B	-13.0B	-9.5B	-6.4B
Total Disney Shareholders' equity	$110.0B	$108.7B	$108.5B	$109.1B
Noncontrolling interests	$6.8B	$6.6B	$5.5B	$4.6B
Total equity	$116.8B	$115.3B	$114.0B	$113.8B
Total liabilities and equity	$204.7B	$205.2B	$202.1B	$196.6B

Cash flow statement

Walt Disney Co. cash flow statement, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Net income	$13.4B	—	—	—
Depreciation and amortization	$5.3B	$5.0B	$5.4B	$5.2B
Impairments of goodwill, produced and licensed content and other assets	$871.0M	$3.5B	$3.0B	$0
Deferred income taxes	($2.7B)	($821.0M)	($1.3B)	$200.0M
Equity in the income of investees	($295.0M)	($575.0M)	($782.0M)	($816.0M)
Cash distributions received from equity investees	$145.0M	$437.0M	$720.0M	$779.0M
Net change in produced and licensed content costs and advances	$577.0M	$1.0B	($1.9B)	($6.3B)
Equity-based compensation	$1.4B	$1.4B	$1.1B	$977.0M
Other, net	($148.0M)	($52.0M)	$278.0M	$595.0M
Receivables	($283.0M)	($565.0M)	$358.0M	$605.0M
Inventories	($114.0M)	($42.0M)	($183.0M)	($420.0M)
Other assets	($42.0M)	$265.0M	($201.0M)	($707.0M)
Accounts payable and other liabilities	$237.0M	$156.0M	($1.1B)	$964.0M
Income taxes	($228.0M)	($1.4B)	$1.3B	$46.0M
Cash provided by operations	$18.1B	—	—	—
Investments in parks, resorts and other property	($8.0B)	($5.4B)	($5.0B)	($4.9B)
Proceeds from sales of investments	$4.0M	$105.0M	$458.0M	—
Purchase of investments	($98.0M)	($1.5B)	—	—
Other, net	$75.0M	($68.0M)	($130.0M)	($65.0M)
Cash used in investing activities	($8.0B)	($6.9B)	—	—
Commercial paper borrowings (payments), net	($943.0M)	$1.5B	—	—
Borrowings	$1.1B	$132.0M	$83.0M	$333.0M
Reduction of borrowings	($3.7B)	($3.1B)	($1.7B)	($4.0B)
Dividends	($1.8B)	($1.4B)	—	$0
Repurchases of common stock	($3.5B)	($3.0B)	—	—
Contributions from noncontrolling interests	$12.0M	$9.0M	$735.0M	—
Acquisition of redeemable noncontrolling interests	($439.0M)	($8.6B)	($900.0M)	$0
Other, net	($1.0B)	($929.0M)	($828.0M)	($839.0M)
Cash used in financing activities	($10.4B)	—	—	—
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	$5.0M	$65.0M	$73.0M	($603.0M)
Change in Cash, Cash Equivalents and Restricted Cash	($303.0M)	($8.1B)	$2.6B	($4.3B)
Cash, cash equivalents and restricted cash, beginning of year	$6.1B	$14.2B	$11.7B	$16.0B
Cash, cash equivalents and restricted cash, end of year	$5.8B	$6.1B	$14.2B	$11.7B
Interest paid	$2.0B	$2.1B	$2.1B	$1.7B
Income taxes paid	$1.2B	$4.0B	$1.2B	$1.1B

Walt Disney Co. cash flow statement, quarters

Line item	Jun 27, 2026 · YTD	Mar 28, 2026 · YTD	Dec 27, 2025 · Q1	Jun 28, 2025 · YTD
Net Income	$7.8B	$4.9B	$2.5B	$12.0B
Depreciation and amortization	$4.1B	$2.7B	$1.3B	$3.9B
Impairments of investments and produced content	$959.0M	—	—	$419.0M
Deferred income taxes	$1.0B	$918.0M	$525.0M	($2.9B)
Equity in the income of investees	($233.0M)	($150.0M)	($93.0M)	($203.0M)
Cash distributions received from equity investees	$191.0M	$152.0M	$93.0M	$110.0M
Net change in produced and licensed content costs and advances	$1.1B	$2.0B	$1.2B	$819.0M
Equity-based compensation	$1.2B	$737.0M	$332.0M	$1.0B
Other, net	($121.0M)	$55.0M	$9.0M	($153.0M)
Receivables	($1.2B)	($1.2B)	($1.8B)	($660.0M)
Inventories	$1.0M	$3.0M	($22.0M)	($70.0M)
Other assets	($194.0M)	($350.0M)	($220.0M)	($201.0M)
Accounts payable and other liabilities	($529.0M)	($508.0M)	($1.6B)	($307.0M)
Income taxes	($1.6B)	($1.7B)	($1.4B)	($136.0M)
Net Cash Provided by Operating Activities	$12.5B	$7.6B	$735.0M	$13.6B
Investments in parks, resorts and other property	($6.8B)	($5.0B)	($3.0B)	($6.1B)
Acquisitions and purchase of investments, net	($540.0M)	($540.0M)	—	($98.0M)
Other, net	$64.0M	$57.0M	$276.0M	$13.0M
Cash used in investing activities	($7.3B)	($5.5B)	($2.7B)	($6.2B)
Commercial paper borrowings (payments), net	$2.3B	$3.5B	$4.0B	($1.5B)
Borrowings	$5.0B	$5.0B	$1.1B	$1.1B
Reduction of borrowings	($3.6B)	($3.5B)	($887.0M)	($3.0B)
Dividends	($1.3B)	($1.3B)	—	($905.0M)
Repurchases of Common Stock	($7.2B)	($5.5B)	($2.0B)	($2.5B)
Acquisition of redeemable noncontrolling interests	$0	—	—	($439.0M)
Other, net	($847.0M)	($314.0M)	($164.0M)	($840.0M)
Cash used in financing activities	($5.7B)	($2.2B)	$2.0B	($8.1B)
Impact of Exchange Rate on Cash, Cash Equivalents and Restricted Cash	($19.0M)	($28.0M)	$5.0M	$31.0M
Change in Cash, Cash Equivalents and Restricted Cash	($500.0M)	($10.0M)	($13.0M)	($625.0M)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	$5.8B	$5.8B	$5.8B	$6.1B
Cash, Cash Equivalents and Restricted Cash, End of Period	$5.3B	$5.8B	$5.8B	$5.5B

Walt Disney Co. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.