The Walt Disney Company reported its fiscal full-year and fourth quarter results on Thursday, November 13, reporting strong numbers for its Parks and Experiences segment.
The Walt Disney Company has reported a standout year for its Disney Parks and Experiences division, which oversees theme parks, resorts, and cruise operations. Disney Parks and Experiences has achieved a record-breaking $10 billion in operating income for the full 2025 fiscal year.
The fourth quarter alone highlighted the division’s strength, with revenue reaching $8.77 billion, a 6% increase compared with the same period last year. Operating income climbed 13% to $1.88 billion.
These results propelled the division to its highest-ever annual operating income, up $723 million over 2024.
Company Wide
Disney’s revenue for the quarter ending in September was flat. This fell slightly below Wall Street expectations. Adjusted earnings per share dropped 3%. However, subscriber growth for Disney+ and Hulu surpassed forecasted expectations. Disney has reaffirmed its goal of delivering double-digit earnings growth within the next two years.
For the fourth quarter of fiscal 2025, which concluded on September 27, Disney reported revenue of $22.46 billion. Analyst expectations were $22.75 billion. Adjusted earnings per share reached $1.11, which exceeded projections by 6 cents. Segment operating income totaled $3.5 billion, which represented a 5% year-over-year decline. This decline was due to weaker performance in linear television and theatrical releases, which was partially offset by strong streaming gains and strong results from the parks and experiences division.
Across the full fiscal year 2025, Disney generated $94.43 billion in revenue, a 3% increase, while adjusted earnings per share climbed 19% to $5.93.
Disney is maintaining its optimistic outlook for the coming years, and has confirmed expectations of double-digit adjusted earnings per share growth in both fiscal 2026 and fiscal 2027. Disney also plans to significantly boost its stock repurchase program, setting a $7 billion target for next year. This is twice the amount that was allocated in fiscal 2025.
Disney’s board approved a higher cash dividend of $1.50 per share, which will be paid in January and July 2026, up from the $1 per share distributed in 2025.
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