Company Dashboard
The Walt Disney Company
DISNYSEDisney is now three stories at once: parks cash generation, streaming monetization, and post-Fox balance-sheet repair.
Coverage window
45 quarters from Q1 '15 to Q1 '26
Q1 FY2015 through Q1 FY2026
DIS Stock Price
$96.61▲ $0.05 (0.05%)as of Apr 3, 2026, 1:46 AM
Mkt Cap
$171.33B
P/E Ratio
14.23
52-wk High
$124.69
52-wk Low
$80.10
Source: Yahoo Finance · End-of-day data · Hover or tap for detail
Quarterly views track Disney's fiscal reporting cadence. When a chart offers a calendar-year view, it is labeled Calendar year. The summary table at the bottom stays on a fiscal-year basis. On mobile, use the tabs to switch views and pan wide charts horizontally.
Current Takeaway
Experiences remains the earnings anchor.
Streaming is shifting from subscriber growth to ARPU and margin.
Cash flow has recovered, but parks investment keeps capital allocation in focus.
Latest Revenue
$26.0B
Q1 '26
+5.2% vs Q1 '25
Calendar end: Dec 2025
Operating Margin
17.7%
Q1 '26
+0.6pp vs Q1 '25
Op Income: $4.6B
Disney+ Subscribers
165.0M
Total global D+ subs, Q1 '26
+4.8% vs Q1 '25
Hulu: 55.0M subs
Free Cash Flow
$1.8B
Q1 '26 quarter
Cash from ops: $4.3B
CapEx: $2.5B
Revenue
Three segment restructurings, one Fox mega-deal, and a pandemic reshaped the revenue mix.
Disney went from four legacy segments through a post-Fox realignment into a streaming-era structure of Entertainment, Sports, and Experiences. Revenue is back above pre-COVID highs, but the composition is fundamentally different.
Quarterly revenue
Parks seasonality drives Q1 holiday peaks; Fox acquisition in Q2 FY2019 stepped up the revenue base
Latest
Q1 '26 $26.0B
+5.2% YoY · Peak Q1 '26
Source: Disney SEC filings (10-Q, 10-K) · Hover, focus, or tap bars for detail · Holiday quarter (Q1) highlighted
Streaming
Disney+ subscriber growth has plateaued, but ARPU and profitability are the new focus.
The land-grab phase peaked around 160M Disney+ subscribers. Now the story is monetization — higher ARPU, ad tiers, password sharing crackdowns, and the path to sustained DTC profitability.
Disney+ Total Subscribers
165.0M
Q1 '26 — Core + Hotstar
Hulu Total Subscribers
55.0M
Q1 '26 — SVOD + Live TV
Streaming subscribers
Disney+ scaled to 160M+ in three years — Hotstar drives volume, core markets drive value
Disney+ Total
165M
Source: Disney quarterly earnings releases · Subscribers as of quarter end · Click to isolate
Profitability
Operating margins cratered through COVID and DTC losses, and are only now rebuilding.
Disney's consolidated margins swung from the mid-20s pre-pandemic to negative territory in FY2020. The recovery has been driven by Experiences profitability, DTC loss narrowing, and cost-cutting.
Operating margin
COVID cratered profitability; the streaming inflection and parks recovery have rebuilt margins
Source: Disney SEC filings (10-Q, 10-K)
Capital Expenditure
Theme park expansion is the single largest capital commitment in the business.
Disney has announced a $60B multi-year parks CapEx plan. Balancing that investment against free cash flow generation and shareholder returns is the core capital allocation question.
Latest full FY CapEx
$5.0B
FY2025 fiscal-year basis
Latest full FY FCF
$9.3B
FY2025 fiscal-year basis
Capital expenditure intensity
CapEx as % of revenue — parks expansion is driving the investment cycle
Source: Disney SEC filings (10-Q, 10-K)
Cash Flow
FCF recovered strongly post-COVID, funding debt paydown and a return to dividends.
Disney suspended its dividend after Q2 FY2020 and paused buybacks through FY2023. FY2024 marked the reinstatement of both dividends and share repurchases as cash generation normalized.
Cash flow allocation
Operating cash flow breakdown, FY2015–FY2026
Source: Disney SEC filings (10-Q, 10-K) · Click categories to filter
Shareholder returns
Dividend suspended after Q2 FY2020, resumed FY2024 — buyback program restarted FY2024
Latest
Q1 '26 $0.8B
Shares 1.79B
Source: Disney SEC filings (10-Q, 10-K) · Shares outstanding on right axis · Click to toggle · Hover, focus, or tap bars for detail
Balance Sheet
The Fox acquisition doubled total assets and debt — deleveraging is now a multi-year theme.
Total assets jumped from ~$99B to ~$194B with the Fox deal. Long-term debt peaked above $52B during COVID and has been steadily reduced. Equity remains substantial but the capital structure is more levered than the pre-Fox era.
Total assets
Total assets breakdown by liquidity
Latest
Q1 '26 $202.1B
Cash & Equivalents
Source: Disney SEC filings (10-Q, 10-K) · Point-in-time quarter-end snapshots · Click to toggle · Hover, focus, or tap bars for detail · Swipe or use tabs to switch views
Fiscal Year Summary
This is the fiscal-year reference table for the page. Partial years remain visible so the data cut is explicit, while annual chart views above may switch into calendar-year rollups.
| Fiscal Year | Revenue | Op Income | Net Income | FCF | CapEx | Dividends | Buybacks | Shares |
|---|---|---|---|---|---|---|---|---|
| FY2015 | $52.5B | $14.0B | $8.4B | $8.0B | $4.3B | $2.7B | $6.7B | 1.71B |
| FY2016 | $55.6B | $14.6B | $9.3B | $8.2B | $4.5B | $2.9B | $7.2B | 1.64B |
| FY2017 | $55.1B | $13.8B | $9.0B | $8.0B | $4.3B | $3.0B | $8.5B | 1.57B |
| FY2018 | $59.4B | $13.6B | $12.6B | $8.7B | $4.6B | $3.1B | $6.8B | 1.50B |
| FY2019 | $69.6B | $12.6B | $10.8B | $6.5B | $4.8B | $3.2B | $1.0B | 1.81B |
| FY2020 | $65.4B | $5.4B | $-2.8B | $3.4B | $4.5B | $1.6B | — | 1.81B |
| FY2021 | $67.4B | $4.3B | $2.0B | $4.5B | $4.0B | — | — | 1.83B |
| FY2022 | $82.7B | $5.2B | $3.1B | $2.8B | $5.6B | — | — | 1.83B |
| FY2023 | $88.9B | $7.8B | $3.3B | $3.5B | $5.4B | — | — | 1.83B |
| FY2024 | $91.4B | $11.1B | $7.4B | $8.5B | $4.9B | $1.1B | $2.0B | 1.82B |
| FY2025 | $94.4B | $13.3B | $9.5B | $9.3B | $5.0B | $1.0B | $4.8B | 1.79B |
| FY2026(1Q) | $26.0B | $4.6B | $2.6B | $1.8B | $2.5B | — | $0.8B | 1.79B |
Employment
Theme parks and streaming drive staffing
Disney annual headcount
Full-time employees as reported in annual SEC filings
Source: SEC filings (10-K) via Financial Modeling Prep
Methodology & Sources
Data is sourced from Disney's quarterly earnings releases and SEC filings (10-Q, 10-K). Figures are in millions USD unless noted. Disney's fiscal year ends in late September.
Segment structures changed multiple times: FY2015-18 used Media Networks / Parks & Resorts / Studio Entertainment / Consumer Products & Interactive Media. FY2019-20 reflected the Fox acquisition with a Direct-to-Consumer & International segment. FY2021-22 consolidated into DMED and DPEP. FY2023+ uses Entertainment / Sports / Experiences. FY2021-22 figures have been restated to the current structure where available.
The Fox acquisition closed March 20, 2019 (Q2 FY2019). Disney+ launched November 12, 2019 (Q1 FY2020). COVID-19 park closures began in Q2 FY2020. The semi-annual dividend was suspended after Q2 FY2020 and reinstated in FY2024. FY2025 Q2-Q4 and FY2026 Q1 include model estimates for select metrics.