The Walt Disney Co (MEX:DIS) Operating Income: MXN254,480 Mil (TTM As of Mar. 2026)


MEX:DIS The Walt Disney Co MEX:DIS
83 GF Score
Price MXN1,695.33
GF Value MXN1,963.70
Valuation Modestly Undervalued
! 3 Warning Signs
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What is The Walt Disney Co Operating Income?

The Walt Disney Co MEX:DIS -0.27% 83 Operating Income is MXN254,480 Mil as of Mar. 2026. GuruFocus rates MEX:DIS with a GF Score™ of 83/100 and a GF Value™ of MXN1,963.70 (Modestly Undervalued). The stock has 3 warning signs investors should review.

The Walt Disney Co's Operating Income for the three months ended in Mar. 2026 was MXN68,326 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN254,480 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. The Walt Disney Co's Operating Income for the three months ended in Mar. 2026 was MXN68,326 Mil. The Walt Disney Co's Revenue for the three months ended in Mar. 2026 was MXN453,847 Mil. Therefore, The Walt Disney Co's Operating Margin % for the quarter that ended in Mar. 2026 was 15.05%.

Good Sign:

The Walt Disney Co operating margin is expanding. Margin expansion is usually a good sign.

The Walt Disney Co's 5-Year average Growth Rate for Operating Margin % was 23.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Walt Disney Co's annualized ROC % for the quarter that ended in Mar. 2026 was 5.68%. The Walt Disney Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.15%.

The Walt Disney Co  (MEX:DIS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

The Walt Disney Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=273303.6 * ( 1 - 26.79% )/( (3495410.532 + 3550277.979)/ 2 )
=200085.56556/3522844.2555
=5.68 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3638753.909 - 369855.084 - ( 102236.365 - max(0, 685044.863 - 458533.156+102236.365))
=3495410.532

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3700616.599 - 359950.725 - ( 102461.801 - max(0, 653198.493 - 443586.388+102461.801))
=3550277.979

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

The Walt Disney Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=276982.272/( ( (777810.229 + max(-133944.404, 0)) + (798037.139 + max(-151817.301, 0)) )/ 2 )
=276982.272/( ( 777810.229 + 798037.139 )/ 2 )
=276982.272/787923.684
=35.15 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(271057.808 + 38838.295 + 46400.688) - (369855.084 + 0 + 120386.111)
=-133944.404

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(259490.553 + 37508.016 + 44126.018) - (359950.725 + 0 + 132991.163)
=-151817.301

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

The Walt Disney Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=68325.9/453846.994
=15.05 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

The Walt Disney Co Operating Income Related Terms

The Walt Disney Co Operating Income Historical Data

* Premium members only.

The historical data trend for The Walt Disney Co's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Walt Disney Co Operating Income Chart

The Walt Disney Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75,236.36 136,178.55 156,630.72 234,590.23 253,736.97

The Walt Disney Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71,726.45 68,632.43 47,749.95 69,772.09 68,325.90
MEX:DIS
83GF Score
The Walt Disney Co MEX:DIS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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The Walt Disney Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN254,480 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN254,480 Mil mean?
The Walt Disney Co (MEX:DIS) has a Operating Income of MXN254,480 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The Walt Disney Co and its competitors.
Is The Walt Disney Co's Operating Income too high?
The Walt Disney Co's current Operating Income is MXN254,480 Mil. Overall, The Walt Disney Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Walt Disney Co's Operating Income compare to WBD and LYV?
The Walt Disney Co's Operating Income of MXN254,480 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Media - Diversified company?
A good Operating Income depends on the Media - Diversified industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The Walt Disney Co and its competitors. The Walt Disney Co's current Operating Income is MXN254,480 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Walt Disney Co stock overvalued right now?
Based on GuruFocus' analysis, The Walt Disney Co (MEX:DIS) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,963.70, compared to a current price of MXN1,695.33 — trading 13.7% below its estimated fair value. The current Operating Income is MXN254,480 Mil. The Walt Disney Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For The Walt Disney Co (MEX:DIS), the current Operating Income is MXN254,480 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Walt Disney Co (MEX:DIS) Overvalued in 2026?

Based on GuruFocus' analysis, The Walt Disney Co stock appears to be undervalued. The current stock price of MXN1,695.33 is trading 13.7% below its estimated GF Value™ of MXN1,963.70. GuruFocus considers The Walt Disney Co to be Modestly Undervalued.

Key valuation signals for MEX:DIS:

  • Operating Income: MXN254,480 Mil
  • GF Value™: MXN1,963.70 vs. price of MXN1,695.33 (13.7% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the MEX:DIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The Walt Disney Co Business Description

Address 500 South Buena Vista Street, Burbank, CA, USA, 91521
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm's ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses the ESPN family of TV networks and streaming services. Experiences contains Disney's theme parks, cruises, and vacation destinations and also engages in merchandise licensing.
83GF Score

Get the complete analysis for MEX:DIS

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,695.33
Price
MXN1,963.70
GF Value