Fasciolosis and hydatidosis are the world’s most common zoonotic major parasitic ailments of domesticated animals with financial and public health implications. A cross-sectional study was conducted on 384 randomly selected cattle slaughtered at Wolaita Sodo municipal abattoir to estimate the prevalence and associated risk factors for co-infection of hydatidosis and fasciolosis using the ante- and postmortem examination techniques. Of the 384 examined cattle, 4.17% were found to harbor co-infections of hydatidosis and fasciolosis. Similarly, the prevalence of concurrent fasciolosis and hydatidosis infections was 76.56% and 23.44% in local and crossbred animals, respectively. The current study took into account risk factors such as age, breed, origin, and body condition score; however, there is a statistically insignificant association between the risk factors and the prevalence of concurrent fasciolosis and hydatidosis infection. In this study, overall fasciolosis was recorded at a rate of 9.38%, with the highest prevalence of F. hepatica at 8.59%, followed by unidentified flukes at 4.17% and F. gigantica at 0.78%. Likewise, the single prevalence of hydatidosis was recorded at 10.94%. Of the 142 examined cysts, the liver alone harbors 54 cysts, and the lung alone harbors 88 cysts, with a total of 43 calcified, 21 sterile, 56 viable, 9 nonviable, and 13 mixed cysts. The predicted yearly financial loss from organ condemnation was 15,436,142.00 ETB Birr. This study demonstrated that hydatidosis and fasciolosis are two relatively widespread parasite diseases of cattle in Ethiopia, causing significant economic loss attributable to organ rejection and indirect weight loss. Thus, awareness of the impact of the disease on the community could disrupt the parasite’s life cycle, and its economic significance was forwarded to other points.