DIS · 10-Q · 2026Q2 · Full report

Segment Profitability

Walt Disney Co · 2026-08-05 · Importance 69 · Surprise 64 · Contradicted

Experiences operating income increased 20% to $3.017 billion in the quarter and 10% to $8.941 billion for the nine-month period, driven by higher Parks & Experiences revenue despite higher costs. Entertainment operating income increased 64% to $1.680 billion in the quarter but only 3% to $4.116 billion year to date, primarily because higher subscription and affiliate fees were partly offset by increased operating costs. Sports operating income decreased 17% to $858 million in the quarter and 14% to $1.701 billion year to date as higher programming and production costs exceeded revenue growth. Corporate and unallocated shared expenses decreased 19% to $334 million in the quarter and 20% to $1.018 billion year to date, reflecting favorable legal-matter comparisons.

Key facts

• Net income for the quarter ended June 27, 2026: $2,844 million, down 52% from $5,943 million prior-year source
• Net income attributable to Disney for the quarter ended June 27, 2026: $2,638 million, down 50% from $5,262 million prior-year source
• Entertainment operating income for the quarter ended June 27, 2026: $1,680 million, up 64% from $1,022 million prior-year source
• Experiences operating income for the quarter ended June 27, 2026: $3,017 million, up 20% from $2,516 million prior-year source
• Sports operating income for the quarter ended June 27, 2026: $1,037 million, down 17% from $1,258 million (implied $1,037 vs prior shown as 1,037 and -17%) source
• Diluted EPS attributable to Disney for the quarter ended June 27, 2026: $1.51, down 48% from $2.92 prior-year source
• Equity in the income of investees increased $30 million to $233 million for nine months ended June 27, 2026 from $203 million prior-year source

Impact estimates