DIS · 10-Q · 2026Q2 · Full report

Operating Expense Trends

Walt Disney Co · 2026-08-05 · Importance 49 · Surprise 32 · No source text

Quarterly selling, general, administrative and other costs decreased 4% to $3.968 billion because of lower marketing costs, while nine-month costs increased 1% to $12.162 billion because higher marketing costs exceeded the prior-year legal-settlement comparison. Quarterly cost of services increased 5% to $13.674 billion, driven by Fubo and NFL Transactions, new guest offerings, inflation and higher Experiences volumes. Nine-month cost of services increased 7% to $43.094 billion because of higher programming and production costs, new guest offerings, inflation and increased park volumes. Depreciation and amortization increased 6% to $1.414 billion in the quarter and 5% to $4.135 billion year to date, primarily because of higher depreciation at Experiences and Entertainment.

Key facts

• Cost of services for the quarter ended June 27, 2026: $13,674 million, increased 5% from $13,034 million prior-year source
• Selling, general, administrative and other costs for the quarter ended June 27, 2026: $3,968 million, decreased 4% from $4,141 million prior-year source
• Depreciation and amortization for the quarter ended June 27, 2026: $1,414 million, increased 6% from $1,332 million prior-year source
• Acquisition amortization for the quarter ended June 27, 2026: $334 million (acquisition amortization recognized in quarter impacts) source

Impact estimates