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WALT DISNEY CO/ FY 2025 10-K, explained in plain English

DIS · 10-K for the period ending September 27, 2025, filed November 13, 2025 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$94.4B
Gross margin— not reported
Operating income$17.6B
Net income$12.4B
Diluted EPS$6.85
Cash & equivalents$5.7B
Total assets$197.5B
Long-term debt$42.0B

Key takeaway

Disney reported $94.4 billion in revenue and $12.4 billion in net income for fiscal 2025, with diluted EPS of $6.85.

🔒 4 more takeaways in the full analysis

Beneath the surface

The company's effective tax rate was negative 11.9%, driven by a large deferred tax benefit of -$2.617 billion, which flattered net income relative to what a normal ~21% statutory rate would have produced.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for DIS.

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