Walt Disney (DIS) Earnings: Q3 Fiscal 2026 Results and Next Report Date

Disney has reported a newer quarter since these figures. Everything below is for Q3 fiscal 2026, the quarter ended June 27, 2026.

The quarter ended June 27, 2026 and Disney published the results on August 5, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Disney reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted (excluding certain items), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Disney's fiscal 2026 has a 53rd week, which falls in the fourth quarter. Disney says it lifts total revenues by roughly 1.5% to 2% for the year.
• Year-ago GAAP EPS of $2.92 included a $3,277 million non-cash tax benefit from a change in Hulu's U.S. income tax classification, which adjusted EPS excludes.
• Results include Fubo from October 29, 2025 and the NFL Network assets ESPN acquired on January 31, 2026.

Source: Disney Q3 fiscal 2026 results, August 5, 2026. Also in the Form 10-Q for the quarter ended June 27, 2026. Figures as reported; checked against the release on November 10, 2026.

How Disney splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• Disney's Entertainment revenue was $11.3 billion in Q3 fiscal 2026, up 6% from $10.7 billion in Q3 fiscal 2025, 45% of total revenue.
• Disney's Sports revenue was $4.5 billion in Q3 fiscal 2026, up 4% from $4.3 billion in Q3 fiscal 2025, 18% of total revenue.
• Disney's Experiences revenue was $10.0 billion in Q3 fiscal 2026, up 10% from $9.1 billion in Q3 fiscal 2025, 39% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 fiscal 2026 release, Disney said:

“We expect Q4 total segment operating income of $4.9 billion, with the 53rd week contributing approximately $600 million spread across the segments.”

“We continue to expect Sports segment operating income to grow in the mid-single digits for the year, excluding the 53rd week.”

“We continue to expect double-digit Entertainment SVOD operating margin for full-year fiscal 2026, excluding the impact of the 53rd week.”

“We reiterate our prior full-year guidance for cash provided by operations and capital expenditures of at least $19 billion and approximately $9 billion, respectively, for fiscal 2026.”

Source: Disney Q3 FY26 release, Aug 5, 2026.

This is the company's own guidance as of Aug 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DIS forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP figures, each as first reported in that quarter's release. Disney's fiscal year ends on the Saturday closest to September 30.

Disney's next report is scheduled for November 17, 2026. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Aug 5, 2026

Disney reports three segments. In Q3 fiscal 2026 Entertainment brought in $11,345 million, Experiences $9,968 million and Sports $4,500 million, with $565 million of eliminations for fees one Disney business pays another, for total revenues of $25,248 million. Entertainment covers Linear Networks, Direct-to-Consumer and Content Sales/Licensing; Experiences covers theme parks, resorts, cruises, vacation club and consumer products. (Disney Q3 FY26 release, Aug 5, 2026; Disney Form 10-K, fiscal 2025, Nov 13, 2025)

Disney's Experiences revenue rose 10%. Domestic Parks & Experiences revenue was $7,116 million, up 11%, international $1,787 million and Consumer Products $1,065 million. Resorts and vacations revenue grew 17%, of which 10% came from additional passenger cruise days after the launches of the Disney Destiny in November 2025 and the Disney Adventure in March 2026. Theme park admissions grew 9%: 5% from higher average per capita ticket revenue and 3% from attendance. (Disney Q3 FY26 release, Aug 5, 2026)

Disney's Entertainment subscription and affiliate fees were $7,545 million, up 12%, with 4% of that growth from the Fubo Transaction, in which Disney combined certain Hulu Live TV assets with Fubo on October 29, 2025 and now holds 70%. Entertainment advertising fell 1% to $1,625 million on lower rates, and content sales fell 6% to $1,596 million. Entertainment SVOD (Disney+ and Hulu) revenue was $5,532 million, with subscription fees of $4,715 million, up 15%: 9% from more subscribers, 3% from higher effective rates and 1% from foreign exchange. (Disney Q3 FY26 release, Aug 5, 2026)

Disney's Sports revenue rose 4% to $4,500 million. Subscription and affiliate fees grew 8%, of which 4% came from the NFL Transaction, in which ESPN took NFL Network and other NFL media assets on January 31, 2026 in exchange for a 10% stake in ESPN; Disney now has an effective 72% interest in ESPN. Other Sports revenue fell 41% after Disney's UFC rights expired in December 2025. (Disney Q3 FY26 release, Aug 5, 2026)

Disney's GAAP diluted EPS fell to $1.51 from $2.92 while adjusted EPS rose to $2.06 from $1.61. Adjusted EPS excludes restructuring and impairment charges ($0.41 per share this quarter, mainly an $812 million impairment of Disney's investment in A+E and $88 million of severance) and acquisition amortization ($0.13). The year-ago GAAP figure included a $3,277 million non-cash tax benefit from the change in Hulu's U.S. income tax classification, worth $1.56 per share. (Disney Q3 FY26 release, Aug 5, 2026)

Disney's effective income tax rate was 22.0%, against negative 85.1% a year earlier because of that Hulu benefit. Total segment operating income rose 21% to $5,555 million: Experiences $3,017 million (up 20%, with a tariff refund of approximately $100 million worth roughly four points of that growth), Entertainment $1,680 million (up 64%) and Sports $858 million (down 17%, on higher programming and production costs including the timing of NBA rights costs). (Disney Form 10-Q, Q3 FY26, Aug 5, 2026; Disney Q3 FY26 release, Aug 5, 2026)

Disney repurchased 17 million shares for $1.7 billion in the quarter and 68 million shares for $7.2 billion in the nine months. Diluted weighted average shares were 1,743 million, against 1,805 million a year earlier. Disney agreed to sell its 50% stake in A+E to an affiliate of Hearst for approximately $1.2 billion and plans to use the proceeds for more buybacks. (Disney Form 10-Q, Q3 FY26, Aug 5, 2026; Disney Q3 FY26 release, Aug 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Disney states its outlook in the release. With Q3 fiscal 2026 it kept its forecast of fiscal 2026 adjusted EPS growth of approximately 12% excluding the 53rd week (approximately 16% including it), guided Q4 total segment operating income of approximately $4.9 billion with the 53rd week contributing about $600 million, and raised its fiscal 2026 share repurchase target to at least $9 billion. (Disney Q3 FY26 release, Aug 5, 2026)

By segment, Disney now expects Experiences operating income growth at the high end of high single digits for fiscal 2026, Sports growth in the mid-single digits and double-digit growth at Entertainment, all excluding the 53rd week. It said Q4 Entertainment results will reflect Moana's box office coming in below expectations and a softer advertising environment. For fiscal 2027 it expects double-digit adjusted EPS growth, excluding the 53rd week, and Consumer Products moves from Experiences to Entertainment from Q1 fiscal 2027. (Disney Q3 FY26 release, Aug 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Disney, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Disney's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DIS is on is DIS a buy or a sell?, what analysts expect next is on the DIS forecast, and what the company does is on the Walt Disney (DIS) stock page.

Every number on this page can be traced to a document Disney published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.