The Walt Disney Company

The Walt Disney Company Q3 2026 Earnings Recap

DIS Q3 2026 August 8, 2026

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Disney’s stock rose 6.6% following fiscal Q3 results, driven by stronger-than-expected operating income growth and robust performance in Disney Experiences and Disney+. The market rewarded the diversified entertainment model and solid execution across multiple franchises and consumer touchpoints.

Earnings Per Share Beat
$2.06 vs $1.86 est.
+10.8% surprise
Revenue Miss
25248000000 vs 25391870000 est.
-0.6% surprise

Market Reaction

1-Day +0.0%
5-Day -0.09%

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Key Takeaways

  • Total segment operating income increased 21% year-over-year, exceeding prior guidance.
  • Company-wide revenue grew 7%, with Disney Experiences hitting record fiscal Q3 revenue and operating income.
  • Core platforms—Disney Experiences, Disney+, and ESPN—all showed growth in guests, users, and audiences versus the prior year.
  • Disney+ achieved a 13% SVOD operating margin in the quarter, on track for double-digit margins by fiscal 2026 (excluding the 53rd week).
  • Strong IP franchises, exemplified by Toy Story 5 surpassing $1 billion global box office and record NBA/NHL viewership on ESPN, underpinned performance despite mixed box office outcomes in other studio releases.
This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit DIS on AllInvestView.

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