TTM
15.5%
YoY change
+1.61pp
Trough year (2021)
5.4%
Peak year (1987)
25.8%
Latest annual
14.6%
Operating Margin history chart for Walt Disney (DIS) from 1985 to 2025
Latest: 14.6%
Operating Margin change chart for Walt Disney (DIS) from 1985 to 2025
Latest: +1.61pp
Operating Margin history table for Walt Disney (DIS) from 1985 to 2025
| 2025 | 14.6% | +1.61pp | ||
| 2024 | 13.0% | +2.93pp | ||
| 2023 | 10.1% | +1.93pp | ||
| 2022 | 8.2% | +2.76pp | ||
| 2021 | 5.4% | -0.37pp | ||
| 2020 | 5.8% | -11.19pp | ||
| 2019 | 17.0% | -7.97pp | ||
| 2018 | 25.0% | -0.20pp | ||
| 2017 | 25.2% | -0.65pp | ||
| 2016 | 25.8% | +0.60pp | ||
| 2015 | 25.2% | +1.56pp | ||
| 2014 | 23.6% | +2.66pp | ||
| 2013 | 21.0% | +0.02pp | ||
| 2012 | 21.0% | +1.94pp | ||
| 2011 | 19.0% | +1.36pp | ||
| 2010 | 17.7% | +1.91pp | ||
| 2009 | 15.8% | -3.91pp | ||
| 2008 | 19.7% | +0.57pp | ||
| 2007 | 19.1% | +3.23pp | ||
| 2006 | 15.9% | +3.34pp | ||
| 2005 | 12.5% | -0.63pp | ||
| 2004 | 13.2% | +3.14pp | ||
| 2003 | 10.0% | +0.61pp | ||
| 2002 | 9.4% | -1.84pp | ||
| 2001 | 11.3% | +1.32pp | ||
| 2000 | 9.9% | -3.40pp | ||
| 1999 | 13.3% | -3.71pp | ||
| 1998 | 17.0% | -0.51pp | ||
| 1997 | 17.6% | +1.42pp | ||
| 1996 | 16.1% | -2.19pp | ||
| 1995 | 18.3% | +0.39pp | ||
| 1994 | 17.9% | -0.36pp | ||
| 1993 | 18.3% | +1.14pp | ||
| 1992 | 17.2% | +0.91pp | ||
| 1991 | 16.2% | -5.78pp | ||
| 1990 | 22.0% | -2.12pp | ||
| 1989 | 24.1% | -0.09pp | ||
| 1988 | 24.2% | -1.58pp | ||
| 1987 | 25.8% | +5.44pp | ||
| 1986 | 20.4% | +2.44pp | ||
| 1985 | 17.9% | — |
- 202514.6%+1.61pp
- 202413.0%+2.93pp
- 202310.1%+1.93pp
- 20228.2%+2.76pp
- 20215.4%-0.37pp
- 20205.8%-11.19pp
- 201917.0%-7.97pp
- 201825.0%-0.20pp
- 201725.2%-0.65pp
- 201625.8%+0.60pp
- 201525.2%+1.56pp
- 201423.6%+2.66pp
- 201321.0%+0.02pp
- 201221.0%+1.94pp
- 201119.0%+1.36pp
- 201017.7%+1.91pp
- 200915.8%-3.91pp
- 200819.7%+0.57pp
- 200719.1%+3.23pp
- 200615.9%+3.34pp
- 200512.5%-0.63pp
- 200413.2%+3.14pp
- 200310.0%+0.61pp
- 20029.4%-1.84pp
- 200111.3%+1.32pp
- 20009.9%-3.40pp
- 199913.3%-3.71pp
- 199817.0%-0.51pp
- 199717.6%+1.42pp
- 199616.1%-2.19pp
- 199518.3%+0.39pp
- 199417.9%-0.36pp
- 199318.3%+1.14pp
- 199217.2%+0.91pp
- 199116.2%-5.78pp
- 199022.0%-2.12pp
- 198924.1%-0.09pp
- 198824.2%-1.58pp
- 198725.8%+5.44pp
- 198620.4%+2.44pp
- 198517.9%—
Operating Margin values are taken from Walt Disney's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Walt Disney (DIS)
According to Walt Disney's latest reported financial statements, the company's latest reported operating margin is 15.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Walt Disney (DIS) came in at 14.65% – expanded 1.6 percentage points year-over-year.
25.82% stands as the all-time-high annual operating margin, posted in 1987, against a low of 5.43% during 2021.
Walt Disney Operating Margin by Year
Walt Disney Operating Margin 2025: 14.6%
In 2025, Walt Disney reported operating margin of 14.65%, expanded 1.6 percentage points from 2024.
Walt Disney Operating Margin 2024: 13.0%
Walt Disney operating margin in 2024 was 13.04%, expanded 2.9 percentage points from 2023.
Walt Disney Operating Margin 2023: 10.1%
2023's operating margin for Walt Disney came in at 10.11%, expanded 1.9 percentage points from 2022.
Walt Disney Operating Margin 2022: 8.2%
Walt Disney posted operating margin of 8.18% in 2022, expanded 2.8 percentage points from 2021.
Walt Disney Operating Margin 2021: 5.4%
Walt Disney operating margin in 2021 was 5.43%.
See more financial history for Walt Disney (DIS).
Sector peers by Operating Margin
Communication Services peers of Walt Disney (DIS), ranked by their latest operating margin
| 41.2% | |
| 32.7% | |
| 29.7% | |
| 21.2% | |
| 20.4% | |
| 19.4% | |
| 15.3% | |
| 13.7% |
- 41.2%
- 32.7%
- 29.7%
- 21.2%
- 20.4%
- 19.4%
- 15.3%
- 13.7%
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