Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Walt Disney Co. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Walt Disney Co. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Walt Disney Co., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28).
The revenue composition reflects a consistent reliance on services, which consistently represent approximately 89% to 90% of total revenues from 2021 through 2026. A temporary shift occurred in mid-2020, where services peaked at 95.38% of revenues as product contributions declined to a low of 4.62%. Since that period, product revenues have stabilized, generally contributing between 10% and 11% of the total revenue mix.
- Gross Profitability and Cost Management
- Gross profit margins exhibited significant volatility between 2020 and 2022, reaching a nadir of 25.12% in October 2020. This decline was driven by an increase in the cost of revenues, which peaked at 74.88% of revenues in the same period. However, a recovery trend is evident from 2023 onward, with gross profit margins stabilizing in the 35% to 38% range, suggesting improved operational efficiency and cost control relative to revenue growth.
- Operating Expense Trends
- Selling, general, and administrative expenses have remained relatively stable, typically fluctuating between 16% and 20% of revenues. Depreciation and amortization costs, which spiked to 11.69% in June 2020, have since moderated and normalized to a range of 5% to 6% of revenues. The most significant volatility in operating results is attributed to restructuring and impairment charges; a substantial impairment of 42.85% of revenues in June 2020 and further significant charges in mid-2023 created sharp contractions in operating income.
- Operating Income Performance
- Operating income has transitioned from extreme volatility to a more sustainable growth pattern. After a severe contraction in 2020, operating margins recovered and have recently trended upward, frequently exceeding 14% of revenues throughout 2024 and 2025. This indicates a successful stabilization of the core business model following the period of restructuring.
- Net Income and Bottom Line Results
- Net income as a percentage of revenues has mirrored the volatility of operating income, with a significant low of -38.31% in June 2020. A notable anomaly occurred in June 2025, where net income peaked at 25.13% of revenues, largely driven by a positive tax contribution of 11.55% rather than purely operational growth. Excluding this outlier, the net income attributable to the company has stabilized toward a range of 8% to 10% of revenues by early 2026.
- Interest and Non-Operating Items
- Interest expenses have remained relatively consistent, generally ranging between 1% and 2% of revenues, with a gradual decline toward 0.95% by March 2026. Equity in the income of investees has seen a gradual decrease from peaks above 1% in 2019-2021 to approximately 0.23% by 2026, indicating a reduced relative contribution from equity-method investments.