DIS Walt Disney Co (The) margins

Relative Growth: Rel. Growth: 46

Relative Strength: Rel. Strength: 40

Relative Valuation: Rel. Valuation: 61

Relative Profitability: Rel. Profitability: 52

Gross margin

37.6%

Operating margin

13.7%

EBITDA margin

18.9%

Net margin

8.7%

Using the latest TTM figures, Walt Disney Co (The) shows a gross margin of 37.6%, an operating margin of 13.7%, an EBITDA margin of 18.9%, and a net margin of 8.7%. Margin expansion was strongest in EBITDA margin, which increased by 1.4 percentage points. Net margin had the strongest contraction, declining by 3.5 percentage points.

DIS margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Walt Disney Co (The) recorded average margins of 36.27% gross, 10.51% operating, 15.67% EBITDA, and 7.71% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

DIS margin expansion

Year-over-year margin changes in percentage points

operating margin expanded by 0.9 percentage points and EBITDA margin by 1.4 percentage points, but net margin contracted by 3.5 percentage points.

Gross margin expansion

0pp

Operating margin expansion

0.9pp

EBITDA margin expansion

1.4pp

Net margin expansion

-3.5pp

DIS Gross margin

Walt Disney Co (The)'s gross margin averaged 36.27% in the last 3 years. Compared with its three-year average, Walt Disney Co (The)'s current gross margin is 37.6% and is 1.3 percentage points above its three-year average. Over the last 3 years, Walt Disney Co (The)'s gross margin peaked at 37.8% in Sep 2025 and reached a low of 33.4% in Sep 2023.

DIS Operating margin

Over the last 3 years, Walt Disney Co (The)'s operating margin averaged 10.51%. At present, Walt Disney Co (The)'s current operating margin is 13.7%, which is 3.2 percentage points above its three-year average. During this period, operating margin reached a high of 13.8% in Sep 2025 and a low of 5.4% in Mar 2024.

DIS EBITDA margin

In the last 3 years, Walt Disney Co (The) had an average EBITDA margin of 15.67%. Walt Disney Co (The) currently reports an EBITDA margin of 18.9%, 3.2 percentage points above its three-year average. Looking back over the last 3 years, Walt Disney Co (The)'s EBITDA margin reached 18.9% at its highest point in Jun 2026 and 10.7% at its lowest in Mar 2024.

DIS Net margin

Walt Disney Co (The)'s net margin averaged 7.71% in the last 3 years. The latest net margin for Walt Disney Co (The) is 8.7%, 1 percentage points above its three-year average. Over the last 3 years, Walt Disney Co (The)'s net margin peaked at 13.1% in Sep 2025 and reached a low of 1.9% in Mar 2024.

DIS margin group comparison

Margins compared with peer-group, industry and sector averages

Walt Disney Co (The)'s gross margin of 37.6% is lower than the Communication Services sector and the industry average. In comparison with the Communication Services sector average of 49.1%, Walt Disney Co (The)'s gross margin is 23% lower.

DIS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Walt Disney Co (The)'s gross margin?

As of Jun 27, 2026, DIS has a gross margin of 37.6%.

What is Walt Disney Co (The)'s operating margin?

For the period ending Jun 27, 2026, DIS recorded an operating margin of 13.7%.

What is Walt Disney Co (The)'s EBITDA margin?

As of Jun 27, 2026, DIS has an EBITDA margin of 18.9%.

What is Walt Disney Co (The)'s net margin?

For the period ending Jun 27, 2026, DIS recorded a net margin of 8.7%.

What are the average margins of DIS?

Across the last 3 years, DIS averaged 36.3% gross, 10.5% operating, 15.7% EBITDA, and 7.7% net.

What are the highest historical margins of DIS?

Within the 5-year period, DIS recorded its highest margins at 37.8% gross in Sep 2025, 13.8% operating in Sep 2025, 18.9% EBITDA in Jun 2026, and 13.1% net in Sep 2025.

What are the lowest historical margins of DIS?

Across the 5-year period, DIS posted its lowest margins at 32.8% gross in Jul 2023, 4.5% operating in Oct 2021, 10.7% EBITDA in Mar 2024, and 1.9% net in Mar 2024.