FINHUB Insights

DIS · Q2 FY25 · Dec 29, 2024 – Mar 29, 2025

Walt Disney Q2 FY25: where the revenue came from and where it went

Walt Disney Q2 FY25: revenue $23.6B (+7% year over year). Net profit $3.3B. Largest cohort Subscription fees $5.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Dec 29, 2024 – Mar 29, 2025
Reported
May 7, 2025 10-Q
Sankey diagram of Walt Disney's income statement for Q2 FY25: revenue of $23.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$23.6B +7% year over year
Gross profit$8.8B 37% margin
Operating profit$4.4B 19% margin
Net profit$3.3B 14% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Mar 29, 2025).
ItemValueShare of revenueYear over year
Revenue 23.6 100% +7%
Subscription fees 5.6 24%
Affiliate fees 4 17%
Other 3.6 15%
Theme park admissions 2.9 12%
Advertising 2.8 12%
Resorts and vacations 2.4 10%
Retail and wholesale sales of… 2.3 10%
Cost of revenue−14.863%
Gross profit8.837% margin+1pp
SG&A−417%+0pp
Other−0.42%+0pp
Operating profit4.419% margin+1pp
Interest & other costs−1.4
Net profit3.314%+14pp
Filing on EDGAR More quarters of DIS

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters