Walt Disney Company (DIS)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Net income (ttm)	US$ in thousands	2,986,000	2,354,000	2,252,000	4,121,000	3,320,000	3,145,000	3,142,000	2,651,000	3,082,000	1,995,000	1,126,000	-4,513,000	-4,954,000	-2,864,000	-1,100,000	5,381,000	10,373,000
Revenue (ttm)	US$ in thousands	88,935,000	88,898,000	87,807,000	86,981,000	84,415,000	82,722,000	81,106,000	76,624,000	72,988,000	67,418,000	63,591,000	58,348,000	60,760,000	65,388,000	69,799,000	78,282,000	75,181,000
Net profit margin		3.36%	2.65%	2.56%	4.74%	3.93%	3.80%	3.87%	3.46%	4.22%	2.96%	1.77%	-7.73%	-8.15%	-4.38%	-1.58%	6.87%	13.80%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,986,000K ÷ $88,935,000K
= 3.36%

The net profit margin of Walt Disney Company has fluctuated over the past few quarters. In the most recent quarter ending December 31, 2023, the net profit margin was 3.36%, showing a moderate profitability level. This was an improvement compared to the previous quarter but lower than the levels seen in the first half of 2023.

Looking back further, the net profit margin was strongest in March 2020 and December 2019, at 6.87% and 13.80% respectively. However, there were significant declines in profitability in the first two quarters of 2021, particularly in March 2021 and June 2021, where the company experienced negative net profit margins.

These fluctuations in net profit margin suggest that Walt Disney Company has faced challenges in maintaining consistent profitability, possibly influenced by various factors such as operational costs, revenue fluctuations, or one-off events impacting earnings.

Overall, a deeper analysis of the company's financial performance and factors influencing its profitability would be needed to provide a more detailed understanding of the trends observed in the net profit margin over the specified periods.