DIS · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

Walt Disney Co · 2026-08-05 · Importance 18 · Surprise 14

Favorable foreign exchange increased Entertainment subscription and affiliate fees by 1% in both the quarter and nine-month period ended June 27, 2026. Foreign exchange hedging affected Entertainment’s other revenue, while unfavorable currency movements reduced merchandise licensing and retail revenue by 2% in the quarter and 1% in the nine-month period. Unfavorable foreign exchange also increased Experiences operating labor and other operating expenses during the nine-month period.

Key facts

• The principal foreign currencies hedged are the euro, British pound, Japanese yen, Chinese yuan and Canadian dollar. source