DIS · 10-Q · 2026Q2

Walt Disney Co

Filed 2026-08-05 · Other · View original filing on EDGAR

Ranked Events

• Capital Return ProgramImportance 93 · Surprise 82
  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…
• Income Tax Rate ChangesImportance 84 · Surprise 100
  Disney’s quarterly effective income tax rate was 22.0% in 2026 compared with negative 85.1% in 2025, when a $3.3 billion non-cash tax benefit arose from Hulu’s U.S. income tax classification change. The nine-month…
• Manufacturing and CapacityImportance 78 · Surprise 58
  Disney’s Experiences segment continues investing in domestic and international theme park and resort expansion, new attractions, cruise ships, capital improvements and technology. Capital expenditures for Experiences…
• Capital Expenditures ProgramImportance 78 · Surprise 58
  The Company invested $6.780 billion in parks, resorts and other property during the nine months ended June 27, 2026, up from $6.108 billion in the prior-year period. Experiences accounted for $5.596 billion of…
• Segment ProfitabilityImportance 69 · Surprise 64
  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…
• Restructuring and Impairment ChargesImportance 65 · Surprise 82
  Disney recorded $900 million of restructuring and impairment charges in the quarter ended June 27, 2026, compared with $185 million in the prior-year quarter. The quarterly charges included an $812 million impairment…
• Sports Rights and SubscribersImportance 63 · Surprise 50
  Sports subscription and affiliate fees increased 4% for the nine-month period, as higher effective rates and the NFL Transaction were partly offset by 3% fewer subscribers and a temporary carriage suspension with an…
• Streaming Subscription GrowthImportance 62 · Surprise 58
  Entertainment subscription and affiliate fees increased 12% in the quarter and 11% for the nine-month period. Quarterly growth reflected a 4% contribution from the Fubo Transaction, 3% from higher effective rates, 3%…
• Experiences Geographic PerformanceImportance 54 · Surprise 40
  Domestic Parks & Experiences revenue increased 11% in the quarter and 8% in the nine-month period, while international revenue increased 6% and 7%, respectively. Domestic attendance benefited in the nine-month…
• Experiences Demand and GrowthImportance 54 · Surprise 40
  Experiences revenue increased 10% in the quarter and 8% in the nine-month period, led by higher theme park admissions, resorts and vacations, merchandise, food and beverage, and licensing revenue. Theme park admissions…
• Distribution and Carriage TrendsImportance 51 · Surprise 50
  The Fubo Transaction increased Entertainment subscription and affiliate fees and created additional intersegment network fees associated with Hulu Live TV and Fubo services. Entertainment TV/VOD and home entertainment…
• Outstanding IndebtednessImportance 49 · Surprise 6
  At June 27, 2026, TWDC had $32.049 billion of par-value registered debt with unconditional guarantees and $32.772 billion of carrying-value debt. Legacy Disney had an additional $5.450 billion of par-value guaranteed…
• Content Investment SpendingImportance 49 · Surprise 32
  Disney spent $18.152 billion on programming licenses, sports rights, and produced film and television content during the nine months ended June 27, 2026, up 3% from $17.608 billion in the prior-year period. Programming…
• Operating Cash Flow TrendsImportance 49 · Surprise 32
  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 Expense TrendsImportance 49 · Surprise 32
  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…
• Revenue Performance and MixImportance 49 · Surprise 32
  Disney’s total revenue increased 7% year over year to $25.248 billion in the quarter ended June 27, 2026, and increased 6% to $76.397 billion for the nine-month period. Service revenue rose 7% to $22.675 billion in the…
• Cruise Fleet ExpansionImportance 44 · Surprise 58
  Disney Cruise Line expanded capacity through the launches of Disney Destiny in November 2025 and Disney Adventure in March 2026. Additional passenger cruise days contributed 10% of quarterly resorts and vacations…
• Liquidity and Debt PositionImportance 43 · Surprise 6
  As of June 27, 2026, the Company reported access to unused bank facilities of $12.25 billion, commercial paper capacity up to that amount, operating cash flows, cash balances and debt-market access to fund operations,…
• Theatrical Content PerformanceImportance 42 · Surprise 40
  Entertainment content sales increased 8% in the nine-month period, primarily because theatrical distribution revenue rose 11%. Current-period theatrical performance benefited from Zootopia 2, Avatar: Fire and Ash, The…
• Interest Rate EnvironmentImportance 41 · Surprise 48
  Disney’s net interest expense declined 22% to $813 million in the nine months ended June 27, 2026, primarily because of lower average interest rates. The benefit from lower rates was partially offset by higher average…

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