10-QPeriod: Q2 FY2026

Walt Disney Co Quarterly Report for Q2 Ended Mar 28, 2026

Filed May 6, 2026For Securities:DIS

Summary

Walt Disney Company's Q2 2026 filing shows a 7% increase in total revenues to $25.2 billion, driven by strong performance in its Services segment, which grew 7% to $22.7 billion. Despite revenue growth, net income attributable to Disney declined significantly by 31% to $2.2 billion, and diluted EPS fell 30% to $1.27. This decline was primarily attributed to a substantial tax benefit recognized in the prior-year quarter from the resolution of a tax matter, which is not present in the current period. The current quarter also saw increased restructuring and impairment charges, including an impairment of an equity investment. Operationally, the Experiences segment continued its positive trajectory, with revenues up 7% year-over-year, driven by theme park admissions and resort/vacation offerings. The Entertainment segment also saw revenue growth of 10%, supported by subscription and affiliate fees, and content sales. However, the Sports segment experienced a slight revenue dip of 2%. The company actively managed its capital structure, repurchasing $3.5 billion in stock during the quarter and maintaining a strong liquidity position with $5.8 billion in cash, cash equivalents, and restricted cash.

Financial Highlights

50 data points
Beta

Revenue

$25.17B

Net Income

$2.25B

8.9% Net Margin

EPS (Diluted)

$1.27

Total Assets

$205.22B

Cash & Equivalents

$5.79B

Free Cash Flow

$4.94B

Financial Statements
Beta
Revenue$25.17B
SG&A Expenses$4.07B
Operating Expenses$21.38B
Operating Income$4.60B
Interest Expense$473.00M
Net Income$2.25B
EPS (Basic)$1.27
EPS (Diluted)$1.27
Shares Outstanding (Basic)1.77B
Shares Outstanding (Diluted)1.77B

Key Highlights

  • 1Total revenues increased by 7% to $25.2 billion, primarily driven by the Services segment.
  • 2Net income attributable to Disney decreased by 31% to $2.2 billion, largely due to a one-time tax benefit in the prior year.
  • 3Diluted EPS declined by 30% to $1.27, also impacted by the prior-year tax benefit.
  • 4The Experiences segment showed robust revenue growth of 7%, fueled by theme parks and resorts.
  • 5Entertainment segment revenue grew by 10%, aided by subscription fees and content sales.
  • 6The company repurchased $3.5 billion of its common stock in the quarter, indicating a continued focus on returning capital to shareholders.
  • 7Restructuring and impairment charges increased, including an impairment of an equity investment in A+E Global Media.

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