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Stocks · Consumer discretionary · Services-Miscellaneous Amusement & Recreation

Walt Disney Company (The)

DIS Clue Score71
United States Fiscal year ends October CIK 0001744489
$108.05 +0.96% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $108.05 −37.73% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue55.14Operating income14.78Net income8.98EPS, diluted5.69Fiscal year 2018Revenue59.43 +7.8%Operating income15.69Net income12.60 +40.3%EPS, diluted8.36 +46.9%Fiscal year 2019Revenue69.61 +17.1%Operating income14.85Net income11.05 −12.3%EPS, diluted6.64 −20.6%Fiscal year 2020Revenue65.39 −6.1%Operating income8.11Net income−2.86 −125.9%EPS, diluted−1.58 −123.8%Fiscal year 2021Revenue67.42 +3.1%Operating income7.77Net income2.00EPS, diluted1.09Fiscal year 2022Revenue82.72 +22.7%Operating income12.12Net income3.15 +57.6%EPS, diluted1.72 +57.8%Fiscal year 2023Revenue88.90 +7.5%Operating income12.86Net income2.35 −25.2%EPS, diluted1.29 −25.0%Fiscal year 2024Revenue91.36 +2.8%Operating income15.60Net income4.97 +111.2%EPS, diluted2.72 +110.9%Fiscal year 2025Revenue94.43 +3.4%Operating income17.55Net income12.40 +149.5%EPS, diluted6.85 +151.8%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 55.14 59.43 69.61 65.39 67.42 82.72 88.90 91.36 94.43
Growth +7.8% +17.1% −6.1% +3.1% +22.7% +7.5% +2.8% +3.4%
Operating income 14.78 15.69 14.85 8.11 7.77 12.12 12.86 15.60 17.55
Net income 8.98 12.60 11.05 −2.86 2.00 3.15 2.35 4.97 12.40
Growth +40.3% −12.3% −125.9% +57.6% −25.2% +111.2% +149.5%
EPS, diluted 5.69 8.36 6.64 −1.58 1.09 1.72 1.29 2.72 6.85
Growth +46.9% −20.6% −123.8% +57.8% −25.0% +110.9% +151.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin26.8%Net margin16.3%Fiscal year 2018Operating margin26.4%Net margin21.2%Fiscal year 2019Operating margin21.3%Net margin15.9%Free cash flow margin1.6%Fiscal year 2020Operating margin12.4%Net margin−4.4%Free cash flow margin5.5%Fiscal year 2021Operating margin11.5%Net margin3.0%Free cash flow margin2.9%Fiscal year 2022Operating margin14.7%Net margin3.8%Free cash flow margin1.3%Fiscal year 2023Operating margin14.5%Net margin2.6%Free cash flow margin5.5%Fiscal year 2024Operating margin17.1%Net margin5.4%Free cash flow margin9.4%Fiscal year 2025Operating margin18.6%Net margin13.1%Free cash flow margin10.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 26.8% 26.4% 21.3% 12.4% 11.5% 14.7% 14.5% 17.1% 18.6%
Net margin 16.3% 21.2% 15.9% −4.4% 3.0% 3.8% 2.6% 5.4% 13.1%
Free cash flow margin n/a n/a 1.6% 5.5% 2.9% 1.3% 5.5% 9.4% 10.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Capital expenditure−3.62Buybacks−9.37Dividends paid−2.45Fiscal year 2018Capital expenditure−4.47Buybacks−3.58Dividends paid−2.52Fiscal year 2019Operating cash flow5.98Capital expenditure−4.88Free cash flow1.11Buybacks0.00Dividends paid−2.90Fiscal year 2020Operating cash flow7.62Capital expenditure−4.02Free cash flow3.59 +224.4%Buybacks0.00Dividends paid−1.59Fiscal year 2021Operating cash flow5.57Capital expenditure−3.58Free cash flow1.99 −44.7%Dividends paid0.00Fiscal year 2022Operating cash flow6.00Capital expenditure−4.94Free cash flow1.06 −46.7%Buybacks0.00Dividends paid0.00Fiscal year 2023Operating cash flow9.87Capital expenditure−4.97Free cash flow4.90 +362.4%Buybacks0.00Dividends paid0.00Fiscal year 2024Operating cash flow13.97Capital expenditure−5.41Free cash flow8.56 +74.8%Buybacks−2.99Dividends paid−1.37Fiscal year 2025Operating cash flow18.10Capital expenditure−8.02Free cash flow10.08 +17.7%Buybacks−3.50Dividends paid−1.80
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a n/a 5.98 7.62 5.57 6.00 9.87 13.97 18.10
Capital expenditure −3.62 −4.47 −4.88 −4.02 −3.58 −4.94 −4.97 −5.41 −8.02
Free cash flow n/a n/a 1.11 3.59 1.99 1.06 4.90 8.56 10.08
Growth +224.4% −44.7% −46.7% +362.4% +74.8% +17.7%
Buybacks −9.37 −3.58 0.00 0.00 n/a 0.00 0.00 −2.99 −3.50
Dividends paid −2.45 −2.52 −2.90 −1.59 0.00 0.00 0.00 −1.37 −1.80

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash4.02Total debt25.29Net cash (debt)−21.27Shareholders’ equity41.32Debt to equity0.61Fiscal year 2018Cash4.15Total debt20.87Net cash (debt)−16.72Shareholders’ equity48.77Debt to equity0.43Fiscal year 2019Cash5.42Total debt46.99Net cash (debt)−41.57Shareholders’ equity88.88Debt to equity0.53Fiscal year 2020Cash17.91Total debt58.63Net cash (debt)−40.71Shareholders’ equity83.58Debt to equity0.70Fiscal year 2021Cash15.96Total debt54.41Net cash (debt)−38.45Shareholders’ equity88.55Debt to equity0.61Fiscal year 2022Cash11.62Total debt48.37Net cash (debt)−36.75Shareholders’ equity95.01Debt to equity0.51Fiscal year 2023Cash14.18Total debt46.43Net cash (debt)−32.25Shareholders’ equity99.28Debt to equity0.47Fiscal year 2024Cash6.00Total debt45.82Net cash (debt)−39.81Shareholders’ equity100.70Debt to equity0.45Fiscal year 2025Cash5.70Total debt42.03Net cash (debt)−36.33Shareholders’ equity109.87Debt to equity0.38
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.02 4.15 5.42 17.91 15.96 11.62 14.18 6.00 5.70
Total debt 25.29 20.87 46.99 58.63 54.41 48.37 46.43 45.82 42.03
Net cash (debt) −21.27 −16.72 −41.57 −40.71 −38.45 −36.75 −32.25 −39.81 −36.33
Shareholders’ equity 41.32 48.77 88.88 83.58 88.55 95.01 99.28 100.70 109.87
Debt to equity 0.61 0.43 0.53 0.70 0.61 0.51 0.47 0.45 0.38

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 29 Sep 2018 FY2019 28 Sep 2019 FY2020 3 Oct 2020 FY2021 2 Oct 2021 FY2022 1 Oct 2022 FY2023 30 Sep 2023 FY2024 28 Sep 2024 FY2025 27 Sep 2025
Assets
4.02 4.15 5.42 17.91 15.96 11.62 14.18 6.00 5.70
1.37 1.39 1.65 1.58 1.33 1.74 1.96 2.02 2.13
28.41 29.54 31.60 32.08 32.62 33.60 34.94 37.04 41.26
31.43 31.27 80.29 77.69 78.07 77.90 77.07 73.33 73.29
95.79 98.60 193.98 201.55 203.61 203.63 205.58 196.22 197.51
Growth +2.9% +96.7% +3.9% +1.0% +0.0% +1.0% −4.6% +0.7%
Liabilities
6.17 3.79 8.86 5.71 5.87 3.07 4.33 6.85 6.71
19.12 17.08 38.13 52.92 48.54 45.30 42.10 38.97 35.32
calc 25.29 20.87 46.99 58.63 54.41 48.37 46.43 45.82 42.03
Equity
72.61 82.68 42.49 38.32 40.43 43.64 46.09 49.72 60.41
41.32 48.77 88.88 83.58 88.55 95.01 99.28 100.70 109.87
Growth +18.1% +82.2% −6.0% +5.9% +7.3% +4.5% +1.4% +9.1%
Per share and net cash
calc −21.27 −16.72 −41.57 −40.71 −38.45 −36.75 −32.25 −39.81 −36.33
n/a n/a 1,802 1,810 1,818 1,800 1,800 1,900 1,900
calc n/a n/a 49.31 46.17 48.72 52.78 55.15 53.00 57.83

Lines marked calc are worked out here from filed figures; point at one for how.