Walt Disney Company
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Walt Disney Company (DIS). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Entertainment Segment | $36.49B 54.9% | $40.64B 46.4% · +11.4% | $41.19B 45.9% · +1.4% | $42.47B 45.9% · +3.1% |
| Experiences Segment | $15.96B 24.0% | $32.55B 37.2% · +103.9% | $34.15B 38.0% · +4.9% | $36.16B 39.1% · +5.9% |
| Sports Segment | $15.96B 24.0% | $17.11B 19.6% · +7.2% | $17.62B 19.6% · +3.0% | $17.67B 19.1% · +0.3% |
| Segment Eliminations | -$992.0M -1.5% | -$1.40B -1.6% · -40.8% | -$1.60B -1.8% · -14.2% | -$1.87B -2.0% · -17.2% |
| Eliminations and Other | -$992.0M -1.5% | -$1.40B -1.6% · -40.8% | -$1.60B -1.8% · -14.2% | -$1.87B -2.0% · -17.2% |
| Content License Segment Adjustment | $0 0.0% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Entertainment Segment | $5.20B 14.2% | $1.44B 3.6% | $3.92B 9.5% | $4.67B 11.0% |
| Experiences Segment | -$120.0M -0.8% | $8.95B 27.5% | $9.27B 27.2% | $10.00B 27.6% |
| Sports Segment | $2.69B 16.9% | $2.47B 14.4% | $2.41B 13.7% | $2.88B 16.3% |
| Segment Eliminations | – | – | – | – |
| Eliminations and Other | – | – | – | – |
| Content License Segment Adjustment | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Americas | $51.99B 79.5% | $54.16B 80.3% · +4.2% | $68.22B 82.5% · +26.0% | $71.21B 80.1% · +4.4% | $72.16B 79.0% · +1.3% | $76.43B 80.9% · +5.9% |
| Europe | $7.33B 11.2% | $6.69B 9.9% · -8.8% | $8.68B 10.5% · +29.7% | $9.53B 10.7% · +9.8% | $10.28B 11.3% · +7.8% | $11.09B 11.7% · +7.9% |
| Asia Pacific | $6.06B 9.3% | $6.57B 9.7% · +8.4% | $6.85B 8.3% · +4.2% | $8.16B 9.2% · +19.2% | $8.92B 9.8% · +9.3% | $6.91B 7.3% · -22.6% |
| Content License Segment Adjustment | – | – | -$1.02B -1.2% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Americas | $5.82B 11.2% | $6.31B 11.7% | $11.10B 16.3% | – | – | – |
| Europe | $1.27B 17.4% | $800.0M 12.0% | $586.0M 6.8% | – | – | – |
| Asia Pacific | $1.02B 16.8% | $652.0M 9.9% | $436.0M 6.4% | – | – | – |
| Content License Segment Adjustment | – | – | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.