Subscription & Affiliate Fees was Walt Disney’s largest product and service line in fiscal 2025, bringing in $37.78B of $94.43B (40%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Total | — | — | — | |||||
| Service | — | — | — | |||||
| Subscription & Affiliate Fees | $34.81B | $36.55B | $37.78B | |||||
| Affiliate Fees | — | — | — | |||||
| Advertising | $11.52B | $11.89B | $11.12B | |||||
| Theme Park Admissions | $10.42B | $11.17B | $11.71B | |||||
| Product | — | — | — | |||||
| Retail & Wholesale Sales Of Merchandise, Food And Beverage | $8.92B | $9.20B | $9.64B | |||||
| Resort & Vacations | $7.95B | $8.38B | $9.21B | |||||
| Tv/Svod Distribution Licensing | — | — | — | |||||
| Other | $5.05B | $4.76B | $4.72B | |||||
| Tv/Vod & Home Entertainment Distribution | $3.92B | $3.36B | $3.77B | |||||
| Merchandise Licensing | $3.13B | $3.78B | $3.88B | |||||
| Subscription Fees | — | — | — | |||||
| Theatrical Distribution Licensing | $3.17B | $2.27B | $2.59B | |||||
| Home Entertainment | — | — | — | |||||
| Total | $88.90B | $91.36B | $94.43B |
Walt Disney brought in $94.43B from its nine product and service lines in fiscal 2025, the year ended September 27, 2025. That was up 3.4% from $91.36B in fiscal 2024. Subscription & Affiliate Fees was the largest at $37.78B (40.0%), ahead of Theme Park Admissions at $11.71B (12.4%) and Advertising at $11.12B (11.8%). The other six lines brought in $33.82B combined.
Compared with fiscal 2024, Theatrical Distribution Licensing grew fastest, up 14.4% to $2.59B, while Advertising fell the most, down 6.5% to $11.12B. From fiscal 2023 to 2025, combined revenue from these lines grew from $88.90B to $94.43B, a compound annual growth rate of 3.1%. Subscription & Affiliate Fees' share of the total rose from 39.2% to 40.0%.
Entertainment was Walt Disney’s largest segment in fiscal 2025, bringing in $42.47B of $94.43B (45%).
| Segment | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Disney Media & Entertainment Distribution | — | — | — | — | |||||
| Entertainment | $39.57B | $40.64B | $41.19B | $42.47B | |||||
| Experiences | $28.09B | $32.55B | $34.15B | $36.16B | |||||
| Parks, Experiences & Products | — | — | — | — | |||||
| Disney Parks, Experiences & Products | — | — | — | — | |||||
| Media Networks | — | — | — | — | |||||
| Sports | $17.27B | $17.11B | $17.62B | $17.67B | |||||
| Studio Entertainment | — | — | — | — | |||||
| Direct-To-Consumer & International | — | — | — | — | |||||
| Eliminations | — | — | — | — | |||||
| Content License Segment Adjustment | -$1.02B | — | — | — | |||||
| Segment Eliminations | -$1.18B | — | — | — | |||||
| Eliminations & Other | — | -$1.40B | -$1.60B | -$1.87B | |||||
| Total | $82.72B | $88.90B | $91.36B | $94.43B |
Walt Disney brought in $94.43B from its four segments in fiscal 2025, the year ended September 27, 2025. That was up 3.4% from $91.36B in fiscal 2024. Entertainment was the largest at $42.47B (45.0%), ahead of Experiences at $36.16B (38.3%) and Sports at $17.67B (18.7%).
Compared with fiscal 2024, Experiences grew fastest, up 5.9% to $36.16B. Every segment above 2% of revenue grew.
The total is net of Eliminations & Other, which took $1.87B off revenue in fiscal 2025.
Americas was Walt Disney’s largest region in fiscal 2025, bringing in $76.43B of $94.43B (81%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Americas | $68.22B | $71.21B | $72.16B | $76.43B | |||||
| United States & Canada | — | — | — | — | |||||
| Europe | $8.68B | $9.53B | $10.28B | $11.09B | |||||
| Asia Pacific | $6.85B | $8.16B | $8.92B | $6.91B | |||||
| Latin America & Other | — | — | — | — | |||||
| Content License Segment Adjustment | -$1.02B | — | — | — | |||||
| Total | $82.72B | $88.90B | $91.36B | $94.43B |
Walt Disney brought in $94.43B from its three regions in fiscal 2025, the year ended September 27, 2025. That was up 3.4% from $91.36B in fiscal 2024. Americas was the largest at $76.43B (80.9%), ahead of Europe at $11.09B (11.7%) and Asia Pacific at $6.91B (7.3%).
Compared with fiscal 2024, Europe grew fastest, up 7.9% to $11.09B, while Asia Pacific fell the most, down 22.6% to $6.91B.
Walt Disney (DIS) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Subscription & Affiliate Fees was its largest product and service line, bringing in $37.78B (40.0% of the total), followed by Theme Park Admissions at $11.71B (12.4%).
Subscription & Affiliate Fees was Walt Disney's largest product and service line in fiscal 2025, bringing in $37.78B, or 40.0% of the $94.43B total across its nine product and service lines.
Entertainment was Walt Disney's largest segment in fiscal 2025, bringing in $42.47B, or 45.0% of the $94.43B total across its four segments.
Americas was Walt Disney's largest region in fiscal 2025, bringing in $76.43B, or 80.9% of the $94.43B total across its three regions.
Among Walt Disney's product and service lines that make up at least 2% of revenue, Theatrical Distribution Licensing grew fastest in fiscal 2025, up 14.4% from $2.27B to $2.59B.
Every figure comes from Walt Disney's annual financial filings, as reported. Each line keeps the name Walt Disney gives it, and years follow its fiscal calendar.
Walt Disney's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.