The Walt Disney Company (DIS): operating margin, 10 filed years
Operating margin at The Walt Disney Company was 18.6% in FY2025, the newest filed year. Across the 10 computed years from FY2016 it ranged from 11.5% (FY2021) to 26.8% (FY2017), with a median of 17.8%.
Tonight's figure on the company page: 18.6%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Operating margin | Read from |
|---|---|---|
| FY2016 | 25.8% | period ended 2016-09-30 |
| FY2017 | 26.8% | 10-K, filed 2019-11-20 |
| FY2018 | 26.4% | 10-K, filed 2019-11-20 |
| FY2019 | 21.3% | 10-K, filed 2019-11-20 |
| FY2020 | 12.4% | 10-K, filed 2020-11-25 |
| FY2021 | 11.5% | 10-K, filed 2021-11-24 |
| FY2022 | 14.7% | 10-K, filed 2022-11-29 |
| FY2023 | 14.5% | 10-K, filed 2023-11-21 |
| FY2024 | 17.1% | 10-K, filed 2024-11-14 |
| FY2025 | 18.6% | 10-K, filed 2025-11-13 |
How each year is computed
Operating income / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.