The Walt Disney Company DIS financials
Internet & Media ยท Statements and segments from its SEC filings, 2017 to 2025.
The Walt Disney Company revenue, gross and operating margin, net income, free cash flow, cash and debt by quarter and by fiscal year, and revenue by segment, read from the company's own filings with the US Securities and Exchange Commission. Free to everyone; the Risk & Quality report that scores the company is the paid step.
- revenue by segment: Entertainment Segment, Experiences Segment, Sports Segment, Disney Media and Entertainment Distribution, Disney Parks, Experiences and Products
- revenue by product: Subscription and affiliate fees, Theme park admissions, Advertising, Retail and wholesale sales of merchandise, food and beverage, Resorts and vacations, Other, Merchandise licensing, TV/VOD and home entertainment distribution, Theatrical distribution licensing, Service, Affiliate fees, Subscription fees, TV/SVOD distribution licensing, Product, Content Sales, Home entertainment
- revenue by region: Americas, Europe, Asia Pacific
- operating income by segment: Experiences Segment, Entertainment Segment, Sports Segment, Disney Parks, Experiences and Products, Disney Media and Entertainment Distribution
The numbers
Annual figures
| Line | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55.1B | $59.4B | $69.6B | $65.4B | $67.4B | $82.7B | $88.9B | $91.4B | $94.4B |
| Operating income | $14.8B | $15.7B | $14.8B | $8.1B | $7.8B | $12.1B | $12.9B | $15.6B | $17.6B |
| Net income | $9B | $12.6B | $11.1B | -$2.9B | $2B | $3.1B | $2.4B | $5B | $12.4B |
| EPS (diluted) | $5.69 | $8.36 | $6.64 | -$1.58 | $1.09 | $1.72 | $1.29 | $2.72 | $6.85 |
| Operating cash flow | $12.3B | $14.3B | $6B | $7.6B | $5.6B | $6B | $9.9B | $14B | $18.1B |
| Free cash flow | $8.7B* | $9.8B* | $1.1B* | $3.6B* | $2B* | $1.1B* | $4.9B* | $8.6B* | $10.1B* |
| Cash & equivalents | $4B | $4.2B | $5.4B | $17.9B | $16B | $11.6B | $14.2B | $6B | $5.7B |
| Total debt | - | $20.9B | $47B | $58.6B | $54.4B | $48.4B | $46.4B | $45.8B | $42B |
| Operating margin | 26.8% | 26.4% | 21.3% | 12.4% | 11.5% | 14.7% | 14.5% | 17.1% | 18.6% |
| Net margin | 16.3% | 21.2% | 15.9% | -4.4% | 3.0% | 3.8% | 2.6% | 5.4% | 13.1% |
Latest quarters
| Line | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.6B* | $24.7B | $23.6B | $23.7B | $22.5B* | $26B | $25.2B | $25.2B |
| Operating income | $3.7B* | $5.1B | $4.4B | $4.6B | $3.5B* | $4.6B | $4.6B | $5.6B |
| Net income | $460M* | $2.6B | $3.3B | $5.3B | $1.3B* | $2.4B | $2.2B | $2.6B |
| EPS (diluted) | $0.26* | $1.40 | $1.81 | $2.92 | $0.73* | $1.34 | $1.27 | $1.51 |
| Operating cash flow | $5.5B* | $3.2B | $6.8B* | $3.7B* | $4.5B* | $735M | $6.9B* | $4.9B* |
| Free cash flow | $4B* | $739M* | $4.9B* | $1.9B* | $2.6B* | -$2.3B* | $4.9B* | $3.1B* |
| Cash & equivalents | $6B | $5.5B | $5.9B | $5.4B | $5.7B | $5.7B | $5.7B | $5.2B |
| Total debt | $45.8B | $45.3B* | $42.9B* | $42.3B* | $42B | $46.6B* | $47.4B* | $46B* |
| Operating margin | 16.2% | 20.5% | 18.8% | 19.3% | 15.5% | 17.7% | 18.3% | 22.0% |
| Net margin | 2.0% | 10.3% | 13.9% | 22.2% | 5.8% | 9.2% | 8.9% | 10.4% |
Revenue by segment
| Line | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Entertainment Segment | - | - | - | $40.6B | $41.2B | $42.5B |
| Experiences Segment | - | - | - | $32.5B | $34.2B | $36.2B |
| Sports Segment | - | - | - | $17.1B | $17.6B | $17.7B |
| Disney Media and Entertainment Distribution | $48.4B | $50.9B | $55B | - | - | - |
| Disney Parks, Experiences and Products | $17B | $16.6B | $28.7B | - | - | - |
Segment figures include sales between segments, so they add up to more than consolidated revenue.
Revenue by product
| Line | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Subscription and affiliate fees | - | - | - | $34.8B | $36.6B | $37.8B |
| Theme park admissions | $4B | $3.8B | $8.6B | $10.4B | $11.2B | $11.7B |
| Advertising | $10.9B | $12.4B | $13B | $11.5B | $11.9B | $11.1B |
| Retail and wholesale sales of merchandise, food and beverage | $5B | $5B | $7.8B | $8.9B | $9.2B | $9.6B |
| Resorts and vacations | $3.4B | $2.7B | $6.4B | $7.9B | $8.4B | $9.2B |
| Other | $3.1B | $2.9B | $3.9B | $5.1B | $4.8B | $4.7B |
| Merchandise licensing | $3.2B | $3.6B | $4B | $3.1B | $3.8B | $3.9B |
| TV/VOD and home entertainment distribution | - | - | - | $3.9B | $3.4B | $3.8B |
| Theatrical distribution licensing | $2.1B | $920M | $1.9B | $3.2B | $2.3B | $2.6B |
| Affiliate fees | $17.9B | $17.8B | $17.5B | - | - | - |
| Subscription fees | $7.6B | $12B | $15.3B | - | - | - |
| TV/SVOD distribution licensing | $6.3B | $5.3B | $3.4B | - | - | - |
| Home entertainment | $1.8B | $1B | $820M | - | - | - |
Revenue by region
| Line | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Americas | $52B | $54.2B | $68.2B | $71.2B | $72.2B | $76.4B |
| Europe | $7.3B | $6.7B | $8.7B | $9.5B | $10.3B | $11.1B |
| Asia Pacific | $6.1B | $6.6B | $6.8B | $8.2B | $8.9B | $6.9B |
Operating income by segment
| Line | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Experiences Segment | - | - | - | $9B | $9.3B | $10B |
| Entertainment Segment | - | - | - | $1.4B | $3.9B | $4.7B |
| Sports Segment | - | - | - | $2.5B | $2.4B | $2.9B |
| Disney Parks, Experiences and Products | $455M | $471M | $7.9B | - | - | - |
| Disney Media and Entertainment Distribution | $7.7B | $7.3B | $4.2B | - | - | - |
* derived: a fourth quarter as the year less the three filed quarters, or a remainder as the total less the parts. All other figures are as filed.
About this page
Every figure on this page is read from The Walt Disney Company's own SEC filings: the statement lines from the SEC's XBRL company-facts feed, the revenue splits from the segment and revenue notes of each 10-K and 10-Q. Nothing is typed in or estimated. The cache refreshes daily.
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