The Walt Disney Company
CorpDigest
The Walt Disney Company
Financial Performance
Last reviewed: June 2026 · By Swet Parvadiya
Revenue
$94.4B
Market Cap
$192.0B
Net Income
$12.4B
Employees
225,000
Disney posted $12.4 billion in net income in fiscal year 2025 on $94.4 billion in revenue — the most profitable year in the company's century-long history. The three Pixar, Marvel, and Lucasfilm acquisitions — $7.4 billion for Pixar in 2006, $4 billion for Marvel in 2009, $4 billion for Lucasfilm in 2012 — collectively represent the most value-creating acquisition sequence in entertainment history. A single Marvel Cinematic Universe film can generate more than $1 billion in theatrical revenue alone before merchandise and park attendance effects compound on top. With 225,000 employees and a $192 billion market capitalization, Disney is the largest entertainment company in the world by market value. Fiscal year 2025 net income of $12.4 billion on $94.4 billion in revenue is the financial headline from Disney's most profitable year ever. Revenue has grown steadily from $82.7 billion in fiscal 2022 to $94.4 billion in fiscal 2025, as both the parks and experiences segment recovered from the pandemic-era closure and the streaming segment reached profitability after years of losses. The $192 billion market capitalization reflects both the scale and the durability of Disney's IP portfolio. The Pixar, Marvel, and Lucasfilm acquisitions — totaling approximately $15.4 billion across three deals — have generated returns that make the prices paid look conservative in retrospect. The Avengers: Endgame alone grossed $2.8 billion at the global box office. The complete catalog of Marvel Cinematic Universe films has generated more than $30 billion in theatrical revenue, before any accounting for merchandise, streaming, or park effects. The Walt Disney Company's growth strategy is reflected across its operations: Disney posted $12.4 billion in net income in fiscal year 2025 on $94.4 billion in revenue — the most profitable year in the company's century-long history. The three Pixar, Marvel, and Lucasfilm acquisitions — $7.4 billion for Pixar in 2006, $4 billion for Marvel in 2009, $4 billion It grossed $8 million in its initial release — equivalent to roughly $170 million today — and established animated feature films as a genre that would endure.
Revenue Trend Analysis
YoY Change
+3.4%
8-Year CAGR
+7%
Peak Year
2025
Trend
Consistent Growth
The Walt Disney Company has reported revenue across 9 fiscal years, compounding at +7% annually over 8 years. The most recent year saw a 3.4% increase versus the prior year. Revenue peaked in 2025 at $94.4B. Out of 8 reported periods, 7 showed growth and 1 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $94.4B | $12.4B | +3.4% |
| FY2024 | $91.4B | — | +2.8% |
| FY2023 | $88.9B | — | +7.5% |
| FY2022 | $82.7B | — | +22.7% |
| FY2021 | $67.4B | — | +3.1% |
| FY2020 | $65.4B | — | -6.1% |
| FY2019 | $69.6B | — | +17.1% |
| FY2018 | $59.4B | — | +7.8% |
| FY2017 | $55.1B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
The Walt Disney Company's $12.4 billion FY2025 net income on $94.4 billion revenue represents 13.1% net margin reflecting substantial improvement from prior period challenges including 2019 Fox acquisition integration complexity, 2020-2021 pandemic disruption affecting theme parks and theatrical operations, continued streaming losses through various periods, and various other operational considerations. Recent financial recovery supports various strategic improvements including continued theme park strong performance, streaming segment profitability achievement (Q3 FY2024 first profitable quarter for combined Disney+, Hulu, ESPN+ streaming operations), continued cost discipline through various restructuring activities, and various other operational improvements. Operating cash flow generation of approximately $14 billion supports continued capital expenditure supporting theme park expansion and various operational investments, dividend payments (resumed 2024 supporting income-oriented investors), modest share buybacks during favorable conditions, continued debt service supporting approximately $46 billion total debt, and various other capital deployment. Future profitability depends on continued operational execution through various competitive dynamics.
Disney resumed dividend payments in January 2024 after pandemic-era suspension (Disney suspended dividends in 2020 supporting various capital preservation during COVID-19 disruption), with reinstated dividend at $0.30 per share semi-annually ($0.60 annual rate) supporting continued shareholder returns. The dividend resumption reflected continued operational recovery through 2022-2023 supporting financial strength sufficient for continued shareholder returns plus various strategic execution requirements. Strategic considerations supporting dividend resumption included continued theme park strong performance supporting various cash flow generation, streaming progress toward profitability, continued capital allocation discipline through various operational priorities, and various other strategic factors. The resumed dividend represents approximately $1+ billion annual payout supporting income-oriented investor base, with continued operational performance supporting various dividend sustainability considerations. Future dividend evolution depends on continued operational performance through various competitive dynamics affecting consolidated business performance. The dividend resumption represents major capital allocation milestone supporting continued strategic positioning.
The Walt Disney Company carries approximately $46 billion in long-term debt primarily through 2019 21st Century Fox acquisition financing (~$48 billion transaction-related debt initially), with substantial subsequent debt reduction through operating cash flow generation and various asset divestitures including 2024 Star India operations sale to Reliance Industries supporting various capital structure improvement. Net debt to EBITDA ratio of approximately 2.5x has improved from peak post-Fox acquisition levels supporting various operational flexibility. Interest expense of approximately $1.8 billion annually represents meaningful operational cost requiring continued cash generation supporting debt service. Strategic capital structure decisions balance continued debt reduction supporting capital structure improvement, substantial capital expenditure supporting theme park expansion plus various operational investments, restored dividend payments supporting shareholder returns, modest share buybacks during favorable conditions, and various other priorities. Recent capital allocation has emphasised balanced approach across competing priorities. Future capital structure depends on continued operational performance and various strategic factors affecting capital deployment.
The Walt Disney Company's Entertainment segment generates significant exposure to theatrical box office performance affecting various film operations including Walt Disney Studios theatrical releases, 20th Century Studios releases, Searchlight Pictures releases, plus various other theatrical content distribution. Recent box office dynamics include mixed Disney theatrical performance with various blockbuster successes (Inside Out 2 generating $1.7+ billion global box office in 2024, Deadpool & Wolverine generating $1.3+ billion supporting Marvel franchise positioning, Moana 2 generating $1+ billion December 2024 release) offset by various underperforming releases (various theatrical disappointments through 2023-2024 affecting consolidated segment performance). Strategic responses include continued franchise development supporting various theatrical opportunities, sequel and franchise extension strategy, theatrical-streaming windows optimisation supporting various revenue streams, and various other operational responses. Strategic implications include continued sensitivity to theatrical industry conditions, audience preferences affecting various franchise performance, and various other operational considerations affecting consolidated business performance through ongoing entertainment industry dynamics.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "The Walt Disney Company 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>The Walt Disney Company reported $94B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/disney/financials" target="_blank" rel="noopener">CorpDigest — The Walt Disney Company financials</a></div>