Walt Disney Company (The) (DIS) FY2025 10-K Annual Report

Filed: Nov 13, 2025
Communication Services
Services-Miscellaneous Amusement & RecreationSEC EDGAR

Walt Disney Company (The) (DIS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 13, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Walt Disney Company (The) FY2025 10-K Analysis

Business Overview

  • Core business model: Global entertainment and media content creation with extensive owned and leased real estate assets
  • Emphasis on diversified property uses supporting Corporate, Entertainment, Experiences, and Sports segments across multiple international locations
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Management Discussion & Analysis

  • Revenue $94.4B, up 3% ($3.1B); net income $12.4B vs $5.0B, EPS $6.85 vs $2.72 driven by tax rate and operating income improvements
  • Operating margin approx. 20.7% ($19.6B operating income on $94.4B revenue) vs prior year margin approx. 12.8% ($11.7B op income on $91.3B)
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Risk Factors

  • Legal risk from uncertain outcomes in ongoing litigations potentially materially affecting results; estimates developed with outside counsel (Note 14)
  • Macroeconomic impact via discount rate increase to 5.45% (from 5.06%) raises pension obligations by $2.1B at fiscal 2025 year-end
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Walt Disney Company (The) FY2025 Key Financial Metrics
XBRL

Revenue

$94.4B

+3.4% YoY

Net Income

$12.4B

+149.5% YoY

Operating Margin

18.6%

+151bp YoY

Net Margin

13.1%

+769bp YoY

ROE

11.3%

+635bp YoY

Total Assets

$197.5B

+0.7% YoY

EPS (Diluted)

$6.85

+151.8% YoY

Operating Cash Flow

$18.1B

+29.6% YoY

Source: XBRL data from Walt Disney Company (The) FY2025 10-K filing on SEC EDGAR. All figures in USD.

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