Walt Disney (DIS) Operating Expenses (2018 - 2026)
Walt Disney (DIS) posted Operating Expenses of $21.4 billion for Q1 2026, down 3.29% sequentially from $22.1 billion in Q4 2025, and up 6.28% YoY from $20.1 billion in Q1 2025.
Walt Disney (DIS) Operating Expenses (2018 - 2026) Analysis & Trends
Walt Disney has reported Operating Expenses for 9 years, with the latest figure at $21.4 billion in Q1 2026.
- Quarterly Operating Expenses rose 6.28% year-over-year to $21.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $83.4 billion (up 3.73% YoY) and the FY2025 annual result came in at $80.6 billion, up 1.44% from the prior year.
- Operating Expenses fell to $21.4 billion in Q1 2026 per DIS's latest filing, from $22.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $22.1 billion in Q4 2025 and troughed at $17.6 billion in Q2 2022.
- A 5-year average of $20.0 billion and a median of $19.8 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses climbed 24.58% in 2022, then declined 4.21% in 2023.
- Over 5 years, Operating Expenses stood at $21.5 billion in 2022, then slipped by 4.21% to $20.6 billion in 2023, then declined by 0.0% to $20.6 billion in 2024, then rose by 7.25% to $22.1 billion in 2025, then fell by 3.29% to $21.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $21.4 billion, $22.1 billion, and $19.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 20.49 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 8.48 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.24 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 846.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 527.52 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 991.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | -4.64 Bn |
Historic Data
Download 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 |