Walt Disney (DIS) Operating Expenses (2018 - 2026)
Walt Disney (DIS) posted Operating Expenses of $20.49 billion for fiscal Q3 2026 (quarter ended Jun 27, 2026), up 2.4% from $20.01 billion a year earlier but down 4.2% from the prior quarter.
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Analysis
Walt Disney (DIS) Operating Expenses (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 27, 2026, Operating Expenses at Walt Disney was $83.83 billion, up 4.1% year-over-year; for FY2025 (ended Sep 27, 2025), it was $80.59 billion, up 1.4% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 5.5% (FY2020 to FY2025).
- In prior fiscal years, Walt Disney's Operating Expenses was $79.45 billion in FY2024 (-0.6%), $79.91 billion in FY2023 (+5.2%), $75.95 billion in FY2022 (+19.1%) and $63.76 billion in FY2021 (+3.5%).
- Quarterly Operating Expenses has run from a low of $17.65 billion in fiscal Q2 2022 to a high of $22.11 billion in fiscal Q1 2026 over five years.
- On a year-over-year basis, Operating Expenses has increased in each of the last six quarters, with growth averaging 3.2% over the last eight quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was fiscal Q2 2022, with growth of 24.6%; the weakest was fiscal Q1 2024, with a decline of 4.2%.
- According to Business Quant data, Operating Expenses for the three prior fiscal quarters was $21.38 billion (Q2 2026), $22.11 billion (Q1 2026) and $19.86 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 193.49 Bn | 171.25 Bn | 11.57 Bn | 20.49 Bn |
| 2 | Warner Music | 11.79 Bn | 9.14 Bn | 854.00 Mn | 1.56 Bn |
| 3 | Lionsgate Studios | 3.11 Bn | 1.96 Bn | - | 751.00 Mn |
| 4 | Angel Studios | 631.93 Mn | 437.61 Mn | 59.96 Mn | 130.22 Mn |
| 5 | Reservoir Media | 624.65 Mn | 536.53 Mn | 26.69 Mn | 36.10 Mn |
| 6 | Kartoon Studios | 35.12 Mn | 17.99 Mn | - | -10.04 Mn |
| 7 | American Picture House | 6.83 Mn | 6.83 Mn | - | 58,685.00 |
| 8 | Nexus Advanced Technologies | 944,561.90 | -16.72 Mn | - | - |
| 9 | AI Era | 137,029.49 | -513,203.51 | - | -2.78 Mn |
| 10 | Sony | 149.88 Bn | 87.14 Bn | 6.53 Bn | 14.83 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 20.49 Bn |
| Mar 28, 2026 | 21.38 Bn |
| Dec 27, 2025 | 22.11 Bn |
| Sep 27, 2025 | 19.86 Bn |
| Jun 28, 2025 | 20.01 Bn |
| Mar 29, 2025 | 20.12 Bn |
| Dec 28, 2024 | 20.61 Bn |
| Sep 28, 2024 | 19.83 Bn |
| Jun 29, 2024 | 19.80 Bn |
| Mar 30, 2024 | 19.20 Bn |
| Dec 30, 2023 | 20.61 Bn |
| Sep 30, 2023 | 19.16 Bn |
| Jul 1, 2023 | 19.69 Bn |
| Apr 1, 2023 | 19.54 Bn |
| Dec 31, 2022 | 21.52 Bn |
| Oct 1, 2022 | 19.61 Bn |
| Jul 2, 2022 | 19.07 Bn |
| Apr 2, 2022 | 17.65 Bn |
| Jan 1, 2022 | 19.62 Bn |
| Oct 2, 2021 | 17.94 Bn |
API Access
Walt Disney Operating Expenses 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=operating-expenses&ticker=DIS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=DIS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();