The Walt Disney Company (DIS) Financial Statements & Analysis

The Walt Disney Company (DIS) Income Statement

The Walt Disney Company reported revenue of $94.42B in fiscal 2025 (fiscal year ended Sep 30, 2025), up 3.4% from $91.36B a year earlier. Net income was $12.40B, up 149.5% year over year, a net margin of 13.1%. Gross margin was 37.8% and operating margin 14.6%. In the most recent quarter, Q3 fiscal 2026 (ended Jun 30, 2026), revenue was $25.25B, up 6.8% from the same quarter a year earlier.

The Walt Disney Company Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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The Walt Disney Company income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Oct 2022	Sep 2022	Oct 2021	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Revenue & Gross Profit
Revenue	94.43	91.36	88.90	82.72	82.72	67.42	67.42	65.39	69.61	59.43	55.14
Cost of Revenue	58.77	58.70	59.20	54.40	54.40	45.13	45.13	43.88	42.06	32.73	30.31
Gross Profit	35.66	32.66	29.70	28.32	28.32	22.29	22.29	21.51	27.55	26.71	24.83
Operating Expenses
Research & Development	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	16.50	15.76	15.34	16.33	16.39	13.68	13.52	12.37	11.55	8.86	8.18
Operating Expenses	21.83	20.75	20.71	21.79	21.55	19.28	18.63	17.71	15.72	11.87	10.96
Operating Income	13.83	11.91	8.99	6.53	6.77	3.01	3.66	3.79	11.83	14.84	13.87
Other Income/Expense
Interest Income	0.51	0.41	0.42	0.09	0.09	0.31	0.14	0.16	0.27	0.11	0.12
Interest Expense	1.81	1.45	1.46	-1.55	1.55	-1.55	1.55	1.65	1.25	0.71	0.51
Other Income/Expense	-0.52	-4.35	-4.22	-1.25	-0.03	-0.44	-1.10	-5.54	2.09	-0.11	-0.09
Income
Income Before Tax	12.00	7.57	4.77	5.29	5.29	2.56	2.56	-1.74	13.92	14.73	13.79
Income Tax Expense	-1.43	1.80	1.38	1.73	1.73	0.03	0.03	0.70	3.03	1.66	4.42
Net Income	12.40	4.97	2.35	3.15	3.15	2.00	2.00	-2.86	11.05	12.60	8.98
Net Income - Continuous Operations	13.43	4.97	2.35	-	3.55	-	2.00	-2.86	11.05	12.60	8.98
Net Income - Discontinued Operations	-	-	-	-	-0.05	-	-	-	-	-	-
EBITDA	19.14	14.63	12.11	12.00	12.00	8.60	9.08	5.09	19.07	18.31	17.08
EBIT	13.82	9.64	9.33	6.83	6.83	3.49	-	-	-	-	-
Depreciation & Amortization	5.33	4.99	5.37	5.16	5.16	5.11	5.11	5.35	4.17	3.01	2.78
Earnings Per Share
Basic EPS	7.00	3.00	1.00	2.00	2.00	1.00	1.00	-2.00	7.00	8.00	6.00
Diluted EPS	7.00	3.00	1.00	2.00	2.00	1.00	1.00	-2.00	7.00	8.00	6.00
Basic Shares Outstanding	1.80	1.83	1.83	1.82	1.82	1.82	1.82	1.81	1.66	1.50	1.57
Diluted Shares Outstanding	1.81	1.83	1.83	1.83	1.83	1.83	1.83	1.81	1.67	1.51	1.58

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About The Walt Disney Company Financial Statements

What was The Walt Disney Company's revenue in fiscal 2025?

The Walt Disney Company reported revenue of $94.42B in fiscal 2025 (fiscal year ended Sep 30, 2025). That was up 3.4% from $91.36B a year earlier.

Is The Walt Disney Company profitable?

Yes. The Walt Disney Company earned net income of $12.40B in fiscal 2025, a net margin of 13.1%. In fiscal 2024 it earned $4.97B.

What is The Walt Disney Company's operating margin?

The Walt Disney Company's operating income was $13.83B on revenue of $94.42B in fiscal 2025, an operating margin of 14.6%, compared with 13.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition