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Walt Disney DIS Merchandise licensing — Revenue

Other product segments

Subscription and affiliate fees
$10.58B+10.2%
Theme park admissions
$3.09B+5.9%
Advertising
$2.8B+1.7%
Resorts and vacations
$2.56B+8.7%
Retail and wholesale sales of merchandise, food and beverage
$2.44B+4.7%
Content Sales
$1.73B+4.9%
Other
$1.1B-4.9%

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Other financials

Income statement

See full
Revenue$25.2B+6.5%
Net income$2.2B-31.4%
EPS (diluted)$1.27-29.8%

Balance sheet

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Cash & equivalents$5.8B-2.8%
Total debt$47.4B+12.1%
Total equity$108.71B-0.4%
Total assets$205.22B+4.4%

Cash flow

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Operating cash flow$735.0M-77.1%
CapEx$3.0B+22.2%
Free cash flow-$2.3B-408%

Valuation

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Market cap$167.04B-20.6%
Enterprise value$208.6B-15.7%
P/E12.7×-7.3×
P/S1.7×+0.2×

Profitability

See full
Net margin14.7%+6.3pp

Returns & leverage

See full
Return on equity13.4%+5.7pp
Debt / equity0.4×0.0×
Current ratio0.7×0.0×

Where this comes from

Reported directly by Walt Disney in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Walt Disney’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 6:41 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001744489-26-000037
Line itemEntertainmentSportsExperiencesEliminationsTotal
Advertising1,6701,1322,802
Theme park admissions3,0923,092
Resorts and vacations2,5642,564
Retail and wholesale sales of merchandise, food and beverage2,4422,442
Merchandise licensing146719865
Content sales1,7251,725
Other373226670(173)1,096
$11,715$4,609$9,487$(643)$25,168

Item 1: Financial Statements

FAQ

What is Walt Disney's merchandise licensing — revenue?
Walt Disney (DIS) reported merchandise licensing — revenue of $865M in Q1 2026.
How has Walt Disney's merchandise licensing — revenue changed year-over-year?
Walt Disney's merchandise licensing — revenue increased by 1.5% year-over-year, from $852M to $865M.
What is the long-term trend for Walt Disney's merchandise licensing — revenue?
Over 3 years (2021 to 2025), Walt Disney's merchandise licensing — revenue has grown at a 2.1% compound annual growth rate (CAGR), from $3.5B to $3.72B.
What does merchandise licensing — revenue mean?
This metric represents the total revenue generated from granting third parties the rights to use intellectual property, characters, and brand assets across various consumer product categories. It reflects the monetization power of the company's creative franchises beyond direct content distribution. This revenue stream is a key indicator of brand equity and the long-term commercial viability of the company's entertainment portfolio.

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