How does Walt Disney (DIS) make money?

Walt Disney (DIS) primarily makes money through Subscription fees, which accounts for 24.4% of total revenue. For TTM through Q4 2025, Walt Disney generated $95.72B in total revenue with a net profit margin of 12.8%.

What is Walt Disney (DIS) gross profit margin?

Walt Disney (DIS) reported a gross profit margin of 37.3% for TTM through Q4 2025, equivalent to $35.69B in gross profit. This means Walt Disney retains 37.3% of each revenue unit after direct costs of production.

What is Walt Disney (DIS) operating profit margin?

Walt Disney (DIS) reported an operating profit margin of 14.2% for TTM through Q4 2025, equivalent to $13.63B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Walt Disney (DIS) net profit margin?

Walt Disney (DIS) reported a net profit margin of 12.8% for TTM through Q4 2025, equivalent to $12.25B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Walt Disney (DIS) spend on capital expenditures?

Walt Disney (DIS) spent $8.57B on capital expenditures in TTM through Q4 2025 (9.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Walt Disney (DIS) free cash flow?

Walt Disney (DIS) generated $7.06B in free cash flow for TTM through Q4 2025 (7.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

How Walt Disney (DIS) Makes Money: A Visual Guide

Walt Disney (DIS) generated $95.72B in revenue, earning $12.25B in net profit (12.8% margin). Its largest revenue source is Subscription fees (24.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Walt Disney (DIS) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 27, 2025 (reported February 2, 2026).

Frequently asked questions

How does Walt Disney (DIS) make money?: Walt Disney (DIS) primarily makes money through Subscription fees, which accounts for 24.4% of total revenue. For TTM through Q4 2025, Walt Disney generated $95.72B in total revenue with a net profit margin of 12.8%.
What is Walt Disney (DIS) gross profit margin?: Walt Disney (DIS) reported a gross profit margin of 37.3% for TTM through Q4 2025, equivalent to $35.69B in gross profit. This means Walt Disney retains 37.3% of each revenue unit after direct costs of production.
What is Walt Disney (DIS) operating profit margin?: Walt Disney (DIS) reported an operating profit margin of 14.2% for TTM through Q4 2025, equivalent to $13.63B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Walt Disney (DIS) net profit margin?: Walt Disney (DIS) reported a net profit margin of 12.8% for TTM through Q4 2025, equivalent to $12.25B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Walt Disney (DIS) spend on capital expenditures?: Walt Disney (DIS) spent $8.57B on capital expenditures in TTM through Q4 2025 (9.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Walt Disney (DIS) free cash flow?: Walt Disney (DIS) generated $7.06B in free cash flow for TTM through Q4 2025 (7.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.