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Walt Disney vs Netflix: DIS and NFLX compared
Walt Disney is the larger company: $25.2B of revenue in its latest quarter (Q3 FY26) against $12.9B for Netflix (Q3 2026). Netflix is growing faster (+12% against +7% a year earlier). Netflix is more profitable, with an operating margin of 34.6% against 22.0%.
Where the money goes: DIS and NFLX
Walt Disney (DIS) · Q3 FY26
Walt Disney, Q3 FY26: revenue $25.2B (+7% year over year), operating margin 22.0%, net earnings $2.6B, operating cash flow $4.9B. The chart follows the revenue to costs, profit and cash.
Netflix (NFLX) · Q3 2026
Netflix, Q3 2026: revenue $12.9B (+12% year over year), operating margin 34.6%, net earnings $3.7B, operating cash flow $3.2B. The chart follows the revenue to costs, profit and cash.
| Walt Disney (DIS) | Netflix (NFLX) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $25.2B | $12.9B |
| Revenue growth, Y/Y | +7% | +12% |
| Operating margin | 22.0% | 34.6% |
| Net earnings | $2.6B | $3.7B |
| Net margin | 10.4% | 28.5% |
| Operating cash flow | $4.9B | $3.2B |
| Free cash flow | $3.1B | $2.9B |
| Market value | $203.5B | $266.0B |
| P/E | 22.0× | — |
| Analysts’ mean target | $126.83 | $84.76 |
Where the revenue comes from
Walt Disney
- Service: $22.7B (90%)
- Content Sales: $1.6B (6%)
- Merchandise licensing: $974M (4%)
Questions
Which is bigger, Walt Disney or Netflix?
Walt Disney is the larger company: $25.2B of revenue in its latest quarter (Q3 FY26) against $12.9B for Netflix (Q3 2026).
Is Walt Disney or Netflix growing faster?
Netflix is growing faster (+12% against +7% a year earlier).
Which is more profitable, Walt Disney or Netflix?
Netflix is more profitable, with an operating margin of 34.6% against 22.0%.
More: Walt Disney earnings · how Walt Disney makes money · Netflix earnings · how Netflix makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Oct 21, 2026). Fiscal quarters can end on different dates. Not investment advice.