The Walt Disney Company
Financial Performance
Disney Revenue & Financials
Revenue
$94.4B (FY2025)
Market Cap
$180B
Net Income
$12.4B
Employees
231,000
What is Disney's revenue?
Disney had $94.4B in revenue for fiscal year 2025, up 3.4% from 2024. Net income was $12.4B.
- Latest revenue
- $94.4B (FY2025)
- Year-over-year
- +3.4%
- Growth rate (CAGR)
- 7% over 8 years
- Peak revenue
- $94.4B (FY2025)
- Years of data
- 9
- Employees
- 231,000
- What is Disney's segment operating income?
- Disney reported Total segment operating income (non-GAAP) of $17.6B for fiscal year 2025. thewaltdisneycompany.com
- How much profit does Disney make?
- Disney reported net income of $12.4B for fiscal year 2025. sec.gov
- How many employees does Disney have?
- Disney has about 231,000 employees.
Financial Analysis
Disney's fiscal 2025 (ended September 27, 2025) revenue rose 3% to $94.4 billion, net income was $12.4 billion and adjusted EPS increased 19% to $5.93. Total segment operating income rose 12% to $17.6 billion, led by a record $10.0 billion from Experiences. Streaming became a reliable profit contributor after years of losses. In fiscal Q3 2026 (ended June 27, 2026), revenue grew 7% to $25.25 billion, Experiences revenue rose 10% to $9.97 billion, entertainment streaming revenue rose 11% to $5.53 billion, and adjusted EPS climbed to $2.06 from $1.61. Management guided to $9 billion of fiscal 2026 capital spending, about $24 billion of content investment and at least $9 billion of share repurchases. The Walt Disney Company maintains a formidable market valuation around $200 billion, underpinned by its vast intellectual property portfolio and theme parks.
Revenue Trend Analysis
YoY Change
+3.4%
8-Year CAGR
+7%
Peak Year
2025
Trend
Consistent Growth
The Walt Disney Company has 9 full fiscal year figures on this page, compounding at +7% annually over 8 years. The most recent year saw a 3.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $94.4B. Of 8 comparable year-over-year steps, 7 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $94.4B | $17.6BfilingTotal segment operating income (non-GAAP) | $12.4B | +3.4% | sec.gov Disney's most profitable year, with $12.4B net income as parks and now-profitable streaming both contributed. |
| FY2024 | $91.4B | $15.6Bfiling | — | +2.8% | sec.gov Direct-to-consumer streaming turned profitable for the first time after years of losses. |
| FY2023 | $88.9B | $12.9Bfiling | — | +7.5% | sec.gov Growth continued as Bob Iger returned and the focus shifted to streaming profitability and cost cuts. |
| FY2022 | $82.7B | $12.1Bfiling | — | +22.7% | sec.gov A 23% rebound as parks roared back and streaming subscriptions peaked. |
| FY2021 | $67.4B | $7.8Bfiling | — | +3.1% | sec.gov Partial recovery as parks reopened and Disney+ scaled, though theatrical stayed depressed. |
| FY2020 | $65.4B | $8.1Bfiling | — | -6.1% | sec.gov Pandemic park closures and a halted box office cut revenue, even as Disney+ launched into rapid subscriber growth. |
| FY2019 | $69.6B | $14.8Bfiling | — | +17.1% | sec.gov A 17% jump from the $71B 21st Century Fox acquisition closing and a record film slate. |
| FY2018 | $59.4B | $15.7Bfiling | — | +7.8% | sec.gov Growth on strong box office (Black Panther, Avengers: Infinity War) and Parks. |
| FY2017 | $55.1B | $14.8Bfiling | — | — | sec.gov Solid results led by Media Networks (ESPN) and Parks, before the streaming pivot. |
Click any row to see year details.
The Walt Disney Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Sep 27, 2025 | $18.1B | $8B | $197.5B | $109.9B | $10.1B | Form 10-K |
| FY2024ended Sep 28, 2024 | $14B | $5.4B | $196.2B | $100.7B | $8.6B | Form 10-K |
| FY2023ended Sep 30, 2023 | $9.9B | $5B | $205.6B | $99.3B | $4.9B | Form 10-K |
| FY2022ended Oct 1, 2022 | — | $4.9B | $203.6B | $95B | — | Form 10-K |
| FY2021ended Oct 2, 2021 | — | $3.6B | $203.6B | $88.6B | — | Form 10-K |
| FY2020ended Oct 3, 2020 | — | $4B | $201.5B | $83.6B | — | Form 10-K |
| FY2019ended Sep 28, 2019 | — | $4.9B | $194B | $88.9B | — | Form 10-K |
| FY2018ended Sep 29, 2018 | — | $4.5B | $98.6B | $48.8B | — | Form 10-K |
Keep researching Disney
Disney Revenue and Financial FAQ
What is The Walt Disney Company's annual revenue and operating income?
Disney reported fiscal 2025 revenue of $94.4 billion, up 3% from $91.4 billion, with $12.4 billion of net income and $17.6 billion of total segment operating income. In fiscal Q3 2026, revenue rose 7% to $25.25 billion.
How much operating income does the Disney Experiences division generate?
Experiences (parks, cruises and consumer products) earned a record $10.0 billion of segment operating income in fiscal 2025 on $36.2 billion of revenue, roughly a 28% margin, and accounted for about 57% of Disney's segment operating income.
What is the path to sustained profitability for Disney's streaming business?
Disney reached streaming operating profitability in 2024 by implementing price increases on ad-free tiers, cracking down on password sharing, expanding the ad-supported tier, integrating Hulu content into Disney+, and reducing non-performing content production costs.
What is Disney's 10-year, $60 billion capital investment plan for Experiences?
In 2023 Disney said it planned to invest about $60 billion over roughly 10 years in Experiences, including new park lands, expanded resorts and additional Disney Cruise Line ships. It guided to $9 billion of total capital expenditures in fiscal 2026.
What is Disney's dividend policy and share repurchase strategy?
Disney declared a $1.50 per share dividend for fiscal 2026, paid in two $0.75 installments in January and July 2026, and raised its fiscal 2026 share repurchase target to at least $9 billion.
How much cash does Disney expect to generate?
Disney guided to about $19 billion of cash provided by operations in fiscal 2026, which includes about $1.7 billion of taxes deferred from fiscal 2025 because of California wildfire tax relief.
How does linear television cord-cutting impact Disney's financial performance?
Cord-cutting creates ongoing revenue headwinds for Disney's traditional broadcast (ABC) and cable networks (Disney Channel, FX, Freeform), which Disney manages through cost discipline and transitioning sports and entertainment to direct-to-consumer streaming.
How did the 2024 proxy contest impact Disney's corporate leadership?
In April 2024, Disney shareholders voted overwhelmingly to re-elect Disney's entire board of directors, decisively defeating activist hedge fund Trian Partners (led by Nelson Peltz) and validating Bob Iger's strategic turnaround plan.
Is Disney Plus profitable?
For years, no. Disney deliberately burned billions of dollars on Disney+ to rapidly capture market share from Netflix. The company survived this massive cash burn almost entirely because its Parks, Experiences and Products division generates staggering amounts of highly reliable profit.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Disney Revenue & Financials." CorpDigest, https://corpdigest.com/company/disney/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Disney reported $94.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/disney/financials" target="_blank" rel="noopener">CorpDigest — Disney financials</a></div>Related Financial Audits
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