DIS · 10-Q · 2026Q2 · Full report
Capital Return Program
Walt Disney Co · 2026-08-05 · Importance 93 · Surprise 82 · From source text
The Company repurchased $7.245 billion of common stock during the nine months ended June 27, 2026, compared with $2.496 billion in the prior-year period, an increase of approximately 190%. The Company is targeting at least $9 billion of share repurchases in fiscal 2026. Dividends were $1.337 billion during the current nine-month period, compared with $905 million in the prior-year period. Management identified reducing or stopping share repurchases and reducing or not declaring future dividends as potential liquidity measures if operating cash flow or capital-market access deteriorates.
Key facts
- Repurchases of common stock: $(7,245) million for the nine months ended June 27, 2026 and $(2,496) million for the nine months ended June 28, 2025. source
- The Company is targeting at least $9 billion in share repurchases in fiscal 2026. source
- Dividends: $(1,337) million for the nine months ended June 27, 2026 and $(905) million for the nine months ended June 28, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -3.7% | The Company is targeting at least $9 billion in share repurchases in fiscal 2026. |
| cash | negative | realized | -2.3% | Repurchases of common stock: $(7,245) million for the nine months ended June 27, 2026 and $(2,496) million for the nine months ended June… |
| cash | negative | realized | -0.2% | Dividends: $(1,337) million for the nine months ended June 27, 2026 and $(905) million for the nine months ended June 28, 2025. |