Walt Disney (DIS) stock
Communication Services · Movies & Entertainment
Walt Disney (DIS) is a Movies & Entertainment company in the Communication Services sector, headquartered in Burbank, California. As of October 23, 2026, DIS closed at $112.52, a market capitalization of $194.29 billion, the 57th largest company in the S&P 500. Over the last twelve months it generated $98.86 billion in revenue (+7% year over year) and $8.29 billion in free cash flow. The stock trades at 23.2x trailing earnings and 15.0x forward earnings.
- 1-year total return: +1.0% (dividends reinvested)
- 5-year return: -7.3% a year
- 52-week range: $92.19 – $117.09
- Gross margin 37.6%, operating margin 19.3%
- Dividend yield: 1.33%, 2 straight years of increases
- FI Handbook report card: C across 10 metrics
- 5th largest of 22 Communication Services stocks in the S&P 500
DIS price chart
1Y price change: -0.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| DIS | +8.8% | -0.3% | +1.0% | +11.8% | -7.3% | +2.8% | +12.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
DIS key statistics
- Market cap
- $194.3B
- #57 in S&P 500
- P/E (TTM)
- 23.2x
- Forward P/E
- 15.0x
- EPS (TTM)
- $4.85
- Revenue (TTM)
- $98.9B
- +7%
- Free cash flow
- $8.3B
- Gross margin
- 37.6%
- Operating margin
- 19.3%
- Return on equity
- 8.0%
- Dividend yield
- 1.33%
- 52-week range
- $92.19 – $117.09
- Beta
- 1.42
- Price / sales
- 2.0x
- EV / EBITDA
- 11.5x
- Debt / equity
- 0.39x
- Employees
- 175,560
DIS report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth6.8%C
- Gross margin37.6%C
- Operating margin19.3%C
- FCF margin8.4%C
- Return on equity8.0%D
- Net debt / EBITDA1.9xC
- Forward P/E15.0xB
- PEG ratio3.4xF
- Shareholder yield3.1%B
- Share count change / yr0.0%C
Walt Disney financials
Revenue went from $55.1B in fiscal 2017 to $94.4B in fiscal 2025, growing 7.0% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55.1B | $59.4B | $69.6B | $65.4B | $67.4B | $82.7B | $88.9B | $91.4B | $94.4B |
| Operating income | $14.8B | $15.7B | $14.8B | $8.1B | $7.8B | $12.1B | $12.9B | $15.6B | $17.6B |
| Net income | $9.0B | $12.6B | $11.1B | -$2.9B | $2.0B | $3.1B | $2.4B | $5.0B | $12.4B |
| EPS (diluted) | $5.69 | $8.36 | $6.64 | $-1.58 | $1.09 | $1.72 | $1.29 | $2.72 | $6.85 |
| Free cash flow | — | — | — | — | — | — | $4.9B | $8.6B | $10.1B |
| Buybacks | $9.4B | $3.6B | $0 | $0 | — | $0 | $0 | $3.0B | $3.5B |
| Dividends paid | $2.4B | $2.5B | $2.9B | $1.6B | $0 | $0 | $0 | $1.4B | $1.8B |
| Diluted shares | 1.6B | 1.5B | 1.7B | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into DIS?
A reverse DCF asks what growth the current price requires. With an enterprise value of $235.1B and $8.3B of trailing free cash flow, Walt Disney needs to grow free cash flow about 19.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 43.5% a year over the last five years.
P/E ratio history
Current 16.4x vs. median 22.5x (10th–90th percentile 15.0x–89.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
DIS dividend
- Dividend yield
- 1.33%
- Annual dividend
- $1.50
- Years of increases
- 2
- 5-yr dividend growth
- -5.1%
- per year
- Payout ratio
- 31%
- Payments per year
- 2
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
DIS analyst price targets
32 analysts' average 12-month target is $126.58 (+12% vs. $112.52). Targets range from $86.00 to $144.00. 88% rate it a buy.
DIS earnings
Next report: November 17, 2026. Walt Disney has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $25.2B (+7% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $1.85 | $2.06 | +11.1% |
| May 6, 2026 | $1.50 | $1.57 | +5.0% |
| Feb 2, 2026 | $1.58 | $1.63 | +3.4% |
| Nov 13, 2025 | $1.02 | $1.11 | +8.4% |
| Aug 6, 2025 | $1.45 | $1.61 | +11.3% |
| May 7, 2025 | $1.21 | $1.45 | +19.8% |
| Feb 5, 2025 | $1.43 | $1.76 | +22.9% |
| Nov 14, 2024 | $1.11 | $1.14 | +2.8% |
Stocks like DIS
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NFLX Netflix | -1.79% | -41% | $274.2B | 19.0x | Compare |
 LYV Live Nation Entertainment | -0.61% | +13% | $40.4B | — | Compare |
 SKYD Skydance | -0.26% | -52% | $39.2B | — | Compare |
 TKO TKO | -2.62% | -6% | $32.8B | 60.5x | Compare |
 GOOGL Alphabet | -1.24% | +27% | $3.9T | 16.1x | Compare |
 GOOG Alphabet | -1.08% | +25% | $3.9T | 15.9x | Compare |
 META Meta Platforms | -0.96% | -12% | $1.6T | 21.9x | Compare |
 VZ Verizon Communications | -1.19% | +24% | $185.6B | 11.6x | Compare |
DIS news
- Walt Disney (DIS) Rises As Market Takes a Dip: Key Facts · Oct 22, 2026
- Disney (DIS) Stock Looks Reasonably Priced After A 43% Gain · Oct 22, 2026
- In 1985, He Was Forced Out of the Company He Founded. Months Later He Bet $10 Million On A Graphics Unit He Bought From George Lucas. By 2006, That Bet Was Worth Far More Than His Apple Stock · Oct 25, 2026
- What JAKKS Pacific (JAKK) Said on Its Q3 Earnings Call · Oct 22, 2026
- Stock Market Today, Oct. 22: Netflix Rises as Investors Capitalize on Post-Earnings Sell-Off · Oct 22, 2026
DIS stock FAQ
What is DIS's market cap?
Walt Disney's market capitalization is $194.29 billion as of October 23, 2026, ranking 57th in the S&P 500.
What is DIS's P/E ratio?
DIS trades at a trailing price-to-earnings ratio of 23.2x and a forward P/E of 15.0x. Its median P/E over the period we track is 22.5x.
Does DIS pay a dividend?
Yes. Walt Disney pays $1.50 per share a year, a 1.33% yield. It has raised its dividend 2 years in a row. Dividends fell 5.1% a year over the last five years.
How much has DIS stock returned?
Including reinvested dividends, DIS returned +1.0% over one year, -7.3% a year over five years, +2.8% a year over ten years through October 23, 2026.
Is DIS stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Walt Disney must grow free cash flow about 19% a year for the next decade. Its free cash flow grew 43% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the DIS price target?
32 analysts cover DIS with an average 12-month price target of $126.58, +12% from the current price. 88% of them rate it a buy.
When does DIS report earnings?
Walt Disney is expected to report earnings on November 17, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Walt Disney have?
Walt Disney has about 175,560 full-time employees, or $563,118 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology