Walt Disney (DIS) Gross Margin (2018 - 2026)
Walt Disney's Gross Margin was 45.84% in fiscal Q3 2026 (quarter ended Jun 27, 2026), up 0.95 percentage points from 44.89% a year earlier and up 3.12 percentage points from the prior quarter.
Walt Disney (DIS) Gross Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Walt Disney's Gross Margin was 43.79% through Jun 27, 2026, down 5.18 percentage points year-over-year; for FY2025 (ended Sep 27, 2025), it was 44.21%, up 1.69 percentage points from FY2024.
- Gross Margin has now increased for five consecutive fiscal years, with a five-year change of +11.32 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Gross Margin was 42.53% in FY2024 (+2.30 pp), 40.22% in FY2023 (+5.99 pp), 34.24% in FY2022 (+1.18 pp) and 33.06% in FY2021 (+0.17 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Gross Margin since fiscal Q4 2024.
- Compared with a year earlier, Gross Margin was higher in five of the last eight quarters, with an average year-over-year change of +0.66 percentage points.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q4 2023 (a gain of 31.19 percentage points); the worst was fiscal Q4 2025 (a drop of 19.92 percentage points).
- Per Business Quant data, DIS's Gross Margin in the three fiscal quarters before Q3 2026 was 42.72% (Q2 2026), 42.25% (Q1 2026) and 44.46% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn | 45.84% |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn | 45.82% |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - | - |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn | 53.67% |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn | 64.35% |
| 6 | Kartoon Studios | 35.46 Mn | 18.33 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 2.46 Mn | -16.15 Mn | - | - |
| 9 | AI Era | 696,201.70 | 45,968.70 | - | - |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 36.70% |
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 45.84% |
| Mar 28, 2026 | 42.72% |
| Dec 27, 2025 | 42.25% |
| Sep 27, 2025 | 44.46% |
| Jun 28, 2025 | 44.89% |
| Mar 29, 2025 | 43.36% |
| Dec 28, 2024 | 44.15% |
| Sep 28, 2024 | 64.38% |
| Jun 29, 2024 | 36.48% |
| Mar 30, 2024 | 35.82% |
| Dec 30, 2023 | 33.81% |
| Sep 30, 2023 | 63.91% |
| Jul 1, 2023 | 35.19% |
| Apr 1, 2023 | 33.00% |
| Dec 31, 2022 | 30.31% |
| Oct 1, 2022 | 32.71% |
| Jul 2, 2022 | 36.37% |
| Apr 2, 2022 | 34.57% |
| Jan 1, 2022 | 33.24% |
| Oct 2, 2021 | 33.41% |
Walt Disney Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DIS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DIS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DIS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();