The Walt Disney Company
Communication ServicesNYSE:DIS · New York Stock Exchange
+$0.19 today
Vol 3.86M · Avg 9.28M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$97.3B of revenue converted into $11.2B of net income for the selected period. Gross margin is 37.2% and net margin is 11.6%, showing how much revenue survives after costs and taxes. EPS is $6.26, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $94.4B +3.4% | $91.4B +2.8% | $88.9B +7.5% | $82.7B +22.7% | $67.4B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $58.8B +0.1% | $58.7B -0.8% | $59.2B +8.8% | $54.4B +20.5% | $45.1B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $35.7B +9.2% | $32.7B +10.0% | $29.7B +4.9% | $28.3B +27.1% | $22.3B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 37.8% +2.0pp | 35.8% +2.3pp | 33.4% -0.8pp | 34.2% +1.2pp | 33.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $16.5B +4.7% | $15.8B +2.8% | $15.3B -6.4% | $16.4B +21.2% | $13.5B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $21.8B +5.2% | $20.7B +0.2% | $20.7B -3.9% | $21.6B +15.7% | $18.6B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $5.3B +6.7% | $5.0B -7.1% | $5.4B +4.0% | $5.2B +1.0% | $5.1B | $374.2M | $1.2B | $631.8M |
| EBITDA | $19.1B +30.8% | $14.6B +20.8% | $12.1B +1.0% | $12.0B +32.2% | $9.1B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 20.3% +4.3pp | 16.0% +2.4pp | 13.6% -0.9pp | 14.5% +1.0pp | 13.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $13.8B +16.1% | $11.9B +32.5% | $9.0B +32.8% | $6.8B +85.0% | $3.7B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 14.6% +1.6pp | 13.0% +2.9pp | 10.1% +1.9pp | 8.2% +2.8pp | 5.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $246.0M -39.4% | $406.0M -4.2% | $424.0M +178.9% | $152.0M +8.6% | $140.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $1.8B +25.2% | $1.4B -0.8% | $1.5B -5.9% | $1.5B +0.2% | $1.5B | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$1.8B +57.9% | -$4.3B -2.9% | -$4.2B -184.4% | -$1.5B -35.2% | -$1.1B | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $12.0B +58.6% | $7.6B +58.7% | $4.8B -9.8% | $5.3B +106.4% | $2.6B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 12.7% +4.4pp | 8.3% +2.9pp | 5.4% -1.0pp | 6.4% +2.6pp | 3.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$1.4B -179.5% | $1.8B +30.2% | $1.4B -20.4% | $1.7B +6828.0% | $25.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $12.4B +149.5% | $5.0B +111.2% | $2.4B -25.2% | $3.1B +57.6% | $2.0B | $4.9B | $4.8B | $4.7B |
| Net Margin | 13.1% +7.7pp | 5.4% +2.8pp | 2.6% -1.2pp | 3.8% +0.8pp | 3.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $7 +152.9% | $3 +110.9% | $1 -25.4% | $2 +57.3% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $7 +151.8% | $3 +110.9% | $1 -25.0% | $2 +57.8% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.8B -1.2% | $1.8B -0.2% | $1.8B +0.3% | $1.8B +0.3% | $1.8B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.8B -1.1% | $1.8B +0.1% | $1.8B +0.2% | $1.8B -0.1% | $1.8B | $1.2B | $924.4M | $678.0M |
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How much revenue does DIS generate?
The Walt Disney Company (DIS) reported $94.42B of revenue in fiscal 2025.
Is DIS profitable?
The Walt Disney Company (DIS) reported $12.40B of net income, with a net margin of 13.1%.
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