DIS · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

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

Cash provided by operations decreased 8% to $12.515 billion in the nine months ended June 27, 2026, from $13.627 billion in the prior-year period. The decline was driven by higher income tax payments and lower Sports operating cash flow from increased sports-content spending. Disney paid U.S. federal and California state income tax liabilities for fiscal 2025 and part of fiscal 2024 during the period after wildfire-related deferrals. Higher operating cash flows from Experiences and Entertainment partly offset the decline because higher revenue receipts exceeded increased operating cash disbursements.

Key facts

• Cash provided by operations for nine months ended June 27, 2026: $12,515 million, down 8% from $13,627 million prior-year source
• Cash used in investing activities: $(7,256) million for the nine months ended June 27, 2026 and $(6,193) million for the nine months ended June 28, 2025. source
• Other investing activities, net: $(476) million for the nine months ended June 27, 2026 and $(85) million for the nine months ended June 28, 2025. source

Impact estimates