Short answer
Walt Disney Company (The) (DIS) filed its Q4 2025 10-Q quarterly report on Feb 2, 2026 for the quarter ended Dec 27, 2025. Quarterly revenue was $26.0B (up 5.2% year over year) with net income of $2.4B.
Q4 2025 key financials · XBRL
- Revenue
- $26.0B
- +5.2% YoY
- Net income
- $2.4B
- −6.0% YoY
- Operating margin
- 17.7%
- EPS (diluted)
- $1.34
- −4.3% YoY
Source: XBRL data from the Walt Disney Company (The) (DIS) Q4 2025 10-Q on SEC EDGAR. USD.
Walt Disney Company (The) Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $26.0B, up 5% YoY from $24.7B; Services $23.2B (+5%), Products $2.8B (+5%)
- Net income $2.4B, down 6% YoY from $2.6B; diluted EPS $1.34 vs $1.40; operating margin contraction mainly from Entertainment
- Best segment: Experiences revenue $10.0B (+6%) with operating income $3.3B (+6%); Worst segment: Entertainment operating income $1.1B, down 35%
- Operating cash flow $0.7B, down 77% YoY ($3.2B prior); capital expenditures $3.0B, increased investment in Experiences expansion and cruise fleet
- Management notes higher effective tax rate 32.7% vs 27.8% YoY; fiscal 2026 content spend ~$24B, capex expected $9B (up from $8B FY2025)
Risk Factors
- New contract renewal risk triggered by temporary channel removal from YouTube TV in Q1 FY 2026 due to expired distribution contract
- Material update on IP risk with increased challenges from AI tools facilitating unauthorized use of content globally
- Patent infringement litigation risk from streaming services technology, increasing costs and potential customer loss in multiple jurisdictions
- Operational risk from seasonal impacts including park closures due to hurricane damage during peak summer travel season
- Financial risk of increased programming rights costs rising faster than historical experience, pressuring revenue growth from distribution
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Walt Disney Company (The) quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.