How does Walt Disney (DIS) make money?

Walt Disney (DIS) generates revenue primarily from Subscription fees, which accounted for 29.6% of total revenue in TTM through Q1 2026. The company reported $97.26B in revenue and converted 11.5% of it into net profit, equivalent to roughly $11.22B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Walt Disney (DIS)?

Walt Disney (DIS) reported a gross profit margin of 37.2% in TTM through Q1 2026, equivalent to $36.14B in gross profit on $97.26B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Walt Disney (DIS)?

Walt Disney (DIS) reported an operating profit margin of 15.5% in TTM through Q1 2026, equivalent to $15.08B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Walt Disney (DIS)?

Walt Disney (DIS) reported a net profit margin of 11.5% in TTM through Q1 2026, equivalent to $11.22B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Walt Disney (DIS) profitable?

Yes. Walt Disney (DIS) reported $11.22B in net income for TTM through Q1 2026, with a net profit margin of 11.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

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

Walt Disney (DIS) spent $8.68B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 8.9% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Walt Disney (DIS) generate?

Walt Disney (DIS) generated $7.11B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 7.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Walt Disney (DIS)?

Walt Disney (DIS) had an effective tax rate of 1.6% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Walt Disney (DIS)?

Walt Disney (DIS) reports revenue across 10 reportable product segments, led by Subscription fees at 29.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Walt Disney (DIS) generate most of its revenue?

Americas is the largest geographic market for Walt Disney (DIS), accounting for 80.5% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Walt Disney Makes Money: 2026 Visual Revenue Map

Walt Disney (DIS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 28, 2026 (reported May 6, 2026).

Walt Disney (DIS) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Walt Disney (DIS) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Subscription fees	$28.80B	29.6%
Admission	$13.38B	13.8%
Advertising	$12.37B	12.7%
Retail and wholesale sales of merchandise, food and beverage	$10.98B	11.3%
Resort and vacations	$10.63B	10.9%
Theatrical distribution licensing	$5.56B	5.7%
Other Revenue	$5.12B	5.3%
License	$4.36B	4.5%
Other segments	$6.06B	6.2%
Total	$97.26B	100%

Subscription fees$28.80B
Admission$13.38B
Advertising$12.37B
Retail and wholesale sales of merchandise, food and beverage$10.98B
Resort and vacations$10.63B
Theatrical distribution licensing$5.56B
Other Revenue$5.12B
License$4.36B
Other segments$6.06B
Total$97.26B

Walt Disney (DIS) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Walt Disney (DIS), TTM through Q1 2026
Region	Revenue (USD)	% of total
Americas	$78.32B	80.5%
Europe	$11.72B	12%
Asia Pacific	$7.22B	7.4%
Total	$97.26B	100%

Americas
Europe
Asia Pacific
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Walt Disney (DIS) reports revenue across 10 operating segments; the largest segment was Subscription fees at 29.6%, followed by Admission (13.8%) and Advertising (12.7%). Separately, by end-market geography, Americas accounted for 80.5% of revenue, followed by Europe (12%) and Asia Pacific (7.4%).

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