DIS · 8-K · 20260805PR000056
Free Cash Flow and Liquidity
Walt Disney Co · 2026-08-05 · Importance 50 · Surprise 46 · Contradicted
Quarterly cash provided by operations increased $1,197 million year over year to $4,866 million for the quarter ended June 27, 2026, while free cash flow increased $1,183 million to $3,072 million. Nine-month operating cash flow declined $1,112 million to $12,515 million, and nine-month free cash flow declined $1,784 million to $5,735 million. Investments in parks, resorts and other property rose $672 million year over year to $6,780 million for the nine months, compared with $6,108 million in the prior-year period.
Key facts
- Free cash flow in the quarter was $3,072 million, up 63% from $1,889 million in the prior-year quarter. source
- Quarter ended June 27, 2026 cash provided by operations: $4,866 million. source
- Quarter ended June 28, 2025 cash provided by operations: $3,669 million. source
- Nine months ended June 27, 2026 cash provided by operations: $12,515 million. source
- Nine months ended June 28, 2025 cash provided by operations: $13,627 million. source
- Quarter ended June 27, 2026 cash provided by operations (reconciliation table): $4,866 million, change vs prior quarter/year: $1,197 million. source
- Nine months ended June 27, 2026 cash provided by operations (reconciliation table): $12,515 million, change vs prior period: $(1,112) million. source
- Quarter ended June 27, 2026 free cash flow: $3,072 million, change vs prior period: $1,183 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | — | Free cash flow in the quarter was $3,072 million, up 63% from $1,889 million in the prior-year quarter. |
| cash | positive | realized | — | Quarter ended June 27, 2026 cash provided by operations (reconciliation table): $4,866 million, change vs prior quarter/year: $1,197… |
| cash | positive | realized | — | Nine months ended June 27, 2026 cash provided by operations (reconciliation table): $12,515 million, change vs prior period: $(1,112)… |
| cash | positive | realized | — | Quarter ended June 27, 2026 free cash flow: $3,072 million, change vs prior period: $1,183 million. |
| cash | negative | realized | — | Nine months ended June 27, 2026 free cash flow: $5,735 million, change vs prior period: $(1,784) million. |