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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Revenues $ 94,425 $ 91,361 $ 88,898
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 0 (65) [1] 96 [1]
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 (shares) 1,811 1,831 1,830
Basic (shares) 1,804 1,825 1,828
Service      
Revenues $ 84,588 $ 81,841 $ 79,562
Cost of Product and Service Sold (52,677) (52,509) (53,139)
Product      
Revenues 9,837 9,520 9,336
Cost of Product and Service Sold $ (6,089) $ (6,189) $ (6,062)
[1] “Other income (expense), net” for fiscal 2024 and 2023 includes charges related to a legal ruling of $65 million and $101 million, respectively. Fiscal 2023 includes a gain of $169 million to adjust our investment in DraftKings, Inc. to fair value. The Company sold the DraftKings investment in fiscal 2023.