| | | | | | | | | | | | | | | | | |
| 2025 | | 2024 | | 2023 |
| Revenues: | | | | | |
| Services | $ | 84,588 | | | $ | 81,841 | | | $ | 79,562 | |
| Products | 9,837 | | | 9,520 | | | 9,336 | |
| Total revenues | 94,425 | | | 91,361 | | | 88,898 | |
| Costs and expenses: | | | | | |
| Cost of services (exclusive of depreciation and amortization) | (52,677) | | | (52,509) | | | (53,139) | |
| Cost of products (exclusive of depreciation and amortization) | (6,089) | | | (6,189) | | | (6,062) | |
| Selling, general, administrative and other | (16,501) | | | (15,759) | | | (15,336) | |
| Depreciation and amortization | (5,326) | | | (4,990) | | | (5,369) | |
| Total costs and expenses | (80,593) | | | (79,447) | | | (79,906) | |
| Restructuring and impairment charges | (819) | | | (3,595) | | | (3,892) | |
| Other income (expense), net | — | | | (65) | | | 96 | |
| Interest expense, net | (1,305) | | | (1,260) | | | (1,209) | |
| Equity in the income of investees | 295 | | | 575 | | | 782 | |
| Income before income taxes | 12,003 | | | 7,569 | | | 4,769 | |
| Income taxes | 1,428 | | | (1,796) | | | (1,379) | |
| | | | | |
| | | | | |
Net income | 13,431 | | | 5,773 | | | 3,390 | |
| Net income attributable to noncontrolling and redeemable noncontrolling interests | (1,027) | | | (801) | | | (1,036) | |
| | | | | |
Net income attributable to The Walt Disney Company (Disney) | $ | 12,404 | | | $ | 4,972 | | | $ | 2,354 | |
| | | | | |
| Earnings per share attributable to Disney: | | | | | |
| | | | | |
| | | | | |
| | | | | |
| Diluted | $ | 6.85 | | | $ | 2.72 | | | $ | 1.29 | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| Basic | $ | 6.88 | | | $ | 2.72 | | | $ | 1.29 | |
| | | | | |
Weighted average number of common and common equivalent shares outstanding: | | | | | |
| Diluted | 1,811 | | | 1,831 | | | 1,830 | |
| Basic | 1,804 | | | 1,825 | | | 1,828 | |
| | | | | |
