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Walmart Inc.(WMT)Earnings, Financials & Key Ratios
WMT•NYSE
$130.79
$1.04T mkt cap·47.9× P/E·Price updated May 6, 2026
AboutWalmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.Show more
- Revenue$713.16B+4.7%
- EBITDA$44.03B+4.0%
- Net Income$21.89B+12.6%
- EPS (Diluted)2.73+13.3%
- Gross Margin24.93%+0.3%
- EBITDA Margin6.17%-0.7%
- Operating Margin4.18%-3.0%
- Net Margin3.07%+7.6%
- ROE22.16%+7.3%
- ROIC14.67%-3.1%
- Debt/Equity0.67+9.1%
- Interest Coverage81.05+653.4%
WMT Key Insights
Walmart Inc. (WMT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 37 years of consecutive increases
- ✓Excellent 3Y average ROE of 20.2%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Trading near 52-week high
- ✓Efficient asset utilization: 2.5x turnover
✗Weaknesses
- ✗Expensive at 10.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
WMT Price & Volume
Walmart Inc. (WMT) stock price & volume — 10-year historical chart
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WMT Growth Metrics
Walmart Inc. (WMT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.99%
5 Years4.99%
3 Years5.27%
TTM4.34%
Profit CAGR
10 Years4.07%
5 Years10.14%
3 Years23.3%
TTM16.44%
EPS CAGR
10 Years6.03%
5 Years11%
3 Years24.34%
TTM17.21%
Return on Capital
10 Years15.97%
5 Years16.51%
3 Years17.65%
Last Year17.47%
WMT Recent Earnings
Walmart Inc. (WMT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q1 2026Latest
Feb 19, 2026EPS
$0.74
Est $0.73
+1.8%
Revenue
$190.7B
Est $190.5B
+0.1%
Q4 2025
Nov 20, 2025EPS
$0.62
Est $0.60
+3.2%
Revenue
$179.5B
Est $177.4B
+1.2%
Q3 2025
Aug 21, 2025EPS
$0.68
Est $0.73
-7.2%
Revenue
$177.4B
Est $175.9B
+0.8%
Q3 2025
Jun 5, 2025EPS
$0.61
Est $0.57
+6.1%
Revenue
$165.6B
Est $165.6B
-0.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.74vs $0.73+1.8% | $190.7Bvs $190.5B+0.1% |
| Q4 2025 | Nov 20, 2025 | $0.62vs $0.60+3.2% | $179.5Bvs $177.4B+1.2% |
| Q3 2025 | Aug 21, 2025 | $0.68vs $0.73-7.2% | $177.4Bvs $175.9B+0.8% |
| Q3 2025 | Jun 5, 2025 | $0.61vs $0.57+6.1% | $165.6Bvs $165.6B-0.0% |
Based on last 12 quarters of dataView full earnings history →
WMT Peer Comparison
Walmart Inc. (WMT) competitors in Warehouse Clubs and Supercenters — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TGT | 58.67B | 128.78 | 15.84 | -1.68% | 3.8% | 26.06% | 4.83% | 0.35 |
 COST | 450.51B | 1016.42 | 55.82 | 8.17% | 2.99% | 28.81% | 1.74% | 0.28 |
 KR | 42.35B | 66.92 | 43.45 | 0.35% | 0.69% | 13.04% | 7.91% | 4.16 |
 BJ | 14.13B | 94.32 | 21.53 | 4.66% | 2.7% | 26.47% | 2.34% | 1.19 |
 SFM | 7.41B | 78.75 | 14.83 | 14.08% | 5.7% | 36.06% | 6.32% | 1.39 |
 AMZN | 2.94T | 273.52 | 38.15 | 12.38% | 12.22% | 23.34% | 0.26% | 0.37 |
 EBAY | 48.11B | 105.27 | 24.26 | 7.95% | 17.58% | 44.12% | 3.45% | 1.60 |
 DLTR | 18.6B | 93.69 | 15.77 | 10.43% | 6.61% | 34.83% | 5.68% | 1.23 |
Compare WMT vs Peers
Walmart Inc. (WMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WMT Income Statement
Walmart Inc. (WMT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 500.34B | 514.4B | 523.96B | 559.15B | 572.75B | 611.29B | 648.13B | 680.99B | 713.16B | 703.06B |
| Revenue Growth % | 2.98% | 2.81% | 1.86% | 6.72% | 2.43% | 6.73% | 6.03% | 5.07% | 4.73% | 4.34% |
| Cost of Goods Sold | 373.4B | 385.3B | 394.61B | 420.31B | 429B | 463.72B | 490.14B | 511.75B | 535.39B | 527.95B |
| COGS % of Revenue | 74.63% | 74.9% | 75.31% | 75.17% | 74.9% | 75.86% | 75.62% | 75.15% | 75.07% | - |
| Gross Profit | 126.95B▲ 0% | 129.1B▲ 1.7% | 129.36B▲ 0.2% | 138.84B▲ 7.3% | 143.75B▲ 3.5% | 147.57B▲ 2.7% | 157.98B▲ 7.1% | 169.23B▲ 7.1% | 177.77B▲ 5.0% | 175.11B▲ 0% |
| Gross Margin % | 25.37% | 25.1% | 24.69% | 24.83% | 25.1% | 24.14% | 24.38% | 24.85% | 24.93% | 24.91% |
| Gross Profit Growth % | 1.87% | 1.7% | 0.2% | 7.33% | 3.54% | 2.65% | 7.06% | 7.12% | 5.04% | - |
| Operating Expenses | 106.51B | 107.15B | 108.79B | 116.29B | 117.81B | 127.14B | 130.97B | 139.88B | 147.94B | 146.13B |
| OpEx % of Revenue | 21.29% | 20.83% | 20.76% | 20.8% | 20.57% | 20.8% | 20.21% | 20.54% | 20.74% | - |
| Selling, General & Admin | 106.51B | 107.15B | 108.79B | 116.29B | 117.81B | 127.14B | 130.97B | 139.88B | 147.94B | 146.13B |
| SG&A % of Revenue | 21.29% | 20.83% | 20.76% | 20.8% | 20.57% | 20.8% | 20.21% | 20.54% | 20.74% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 20.44B▲ 0% | 21.96B▲ 7.4% | 20.57B▼ 6.3% | 22.55B▲ 9.6% | 25.94B▲ 15.1% | 20.43B▼ 21.3% | 27.01B▲ 32.2% | 29.35B▲ 8.6% | 29.82B▲ 1.6% | 28.98B▲ 0% |
| Operating Margin % | 4.08% | 4.27% | 3.93% | 4.03% | 4.53% | 3.34% | 4.17% | 4.31% | 4.18% | 4.12% |
| Operating Income Growth % | -10.22% | 7.44% | -6.33% | 9.63% | 15.05% | -21.26% | 32.23% | 8.65% | 1.63% | - |
| EBITDA | 30.97B | 32.63B | 31.55B | 33.7B | 36.6B | 31.37B | 38.87B | 42.32B | 44.03B | 42.81B |
| EBITDA Margin % | 6.19% | 6.34% | 6.02% | 6.03% | 6.39% | 5.13% | 6% | 6.21% | 6.17% | 6.09% |
| EBITDA Growth % | -5.72% | 5.39% | -3.31% | 6.8% | 8.61% | -14.28% | 23.88% | 8.89% | 4.03% | 3.26% |
| D&A (Non-Cash Add-back) | 10.53B | 10.68B | 10.99B | 11.15B | 10.66B | 10.95B | 11.85B | 12.97B | 14.2B | 13.84B |
| EBIT | 17.45B | 13.86B | 22.71B | 22.88B | 20.69B | 19.14B | 24.53B | 29.04B | 29.82B | 33.27B |
| Net Interest Income | -2.18B | -2.13B | -2.41B | -2.19B | -1.84B | -1.87B | -2.14B | -2.25B | -368M | -2.41B |
| Interest Income | 152M | 217M | 189M | 121M | 158M | 254M | 546M | 483M | 0 | 395M |
| Interest Expense | 2.33B | 2.35B | 2.6B | 2.31B | 1.99B | 2.13B | 2.68B | 2.73B | 368M | 2.81B |
| Other Income/Expense | -5.31B | -10.5B | -452M | -1.98B | -7.25B | -3.41B | -5.16B | -3.04B | -356M | 1.49B |
| Pretax Income | 15.12B▲ 0% | 11.46B▼ 24.2% | 20.12B▲ 75.5% | 20.56B▲ 2.2% | 18.7B▼ 9.1% | 17.02B▼ 9.0% | 21.85B▲ 28.4% | 26.31B▲ 20.4% | 29.47B▲ 12.0% | 30.46B▲ 0% |
| Pretax Margin % | 3.02% | 2.23% | 3.84% | 3.68% | 3.26% | 2.78% | 3.37% | 3.86% | 4.13% | 4.33% |
| Income Tax | 4.6B | 4.28B | 4.92B | 6.86B | 4.76B | 5.72B | 5.58B | 6.15B | 7.58B | 7.16B |
| Effective Tax Rate % | 30.42% | 37.36% | 24.43% | 33.35% | 25.44% | 33.64% | 25.53% | 23.38% | 25.71% | 23.5% |
| Net Income | 9.86B▲ 0% | 6.67B▼ 32.4% | 14.88B▲ 123.1% | 13.51B▼ 9.2% | 13.67B▲ 1.2% | 11.68B▼ 14.6% | 15.51B▲ 32.8% | 19.44B▲ 25.3% | 21.89B▲ 12.6% | 22.91B▲ 0% |
| Net Margin % | 1.97% | 1.3% | 2.84% | 2.42% | 2.39% | 1.91% | 2.39% | 2.85% | 3.07% | 3.26% |
| Net Income Growth % | -27.71% | -32.37% | 123.1% | -9.21% | 1.21% | -14.58% | 32.8% | 25.3% | 12.64% | 16.44% |
| Net Income (Continuing) | 10.52B | 7.18B | 15.2B | 13.71B | 13.94B | 11.29B | 16.27B | 20.16B | 21.89B | 23.3B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.95B | 7.14B | 6.88B | 6.61B | 8.64B | 7.3B | 6.71B | 6.68B | 293M | 6.42B |
| EPS (Diluted) | 1.09▲ 0% | 0.75▼ 31.2% | 1.73▲ 130.7% | 1.62▼ 6.4% | 1.62▲ 0.0% | 1.42▼ 12.3% | 1.91▲ 34.5% | 2.41▲ 26.2% | 2.73▲ 13.3% | 2.86▲ 0% |
| EPS Growth % | -25.34% | -31.19% | 130.67% | -6.36% | 0% | -12.35% | 34.51% | 26.18% | 13.28% | 17.21% |
| EPS (Basic) | 1.10 | 0.76 | 1.74 | 1.63 | 1.63 | 1.43 | 1.92 | 2.42 | 2.74 | - |
| Diluted Shares Outstanding | 9.03B | 8.84B | 8.6B | 8.54B | 8.41B | 8.2B | 8.11B | 8.08B | 8.02B | 8.01B |
| Basic Shares Outstanding | 8.98B | 8.79B | 8.55B | 8.49B | 8.38B | 8.17B | 8.08B | 8.04B | 7.98B | 7.97B |
| Dividend Payout Ratio | 62.1% | 91.48% | 40.64% | 45.27% | 44.99% | 52.35% | 39.58% | 34.41% | 34.29% | - |
WMT Balance Sheet
Walmart Inc. (WMT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 59.66B | 61.9B | 61.81B | 90.07B | 81.07B | 75.66B | 76.88B | 79.46B | 84.87B | 92.92B |
| Cash & Short-Term Investments | 6.76B | 7.72B | 9.46B | 17.74B | 14.76B | 8.63B | 9.87B | 9.04B | 10.73B | 10.58B |
| Cash Only | 6.76B | 7.72B | 9.46B | 17.74B | 14.76B | 8.63B | 9.87B | 9.04B | 10.73B | 10.58B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.61B | 6.28B | 6.28B | 6.52B | 8.28B | 7.93B | 8.8B | 9.97B | 11.17B | 12.12B |
| Days Sales Outstanding | 4.1 | 4.46 | 4.38 | 4.25 | 5.28 | 4.74 | 4.95 | 5.35 | 5.72 | 5.49 |
| Inventory | 43.78B | 44.27B | 44.44B | 44.95B | 56.51B | 56.58B | 54.89B | 56.44B | 58.85B | 65.35B |
| Days Inventory Outstanding | 42.8 | 41.94 | 41.1 | 39.03 | 48.08 | 44.53 | 40.88 | 40.25 | 40.12 | 40.96 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 2.52B | 3.32B | 4.01B | 4.12B | 4.87B |
| Total Non-Current Assets | 144.86B | 157.4B | 174.69B | 162.43B | 163.79B | 167.54B | 175.52B | 181.37B | 199.79B | 195.74B |
| Property, Plant & Equipment | 114.82B | 111.39B | 127.05B | 109.85B | 112.62B | 119.23B | 130.34B | 139.7B | 156.96B | 150.84B |
| Fixed Asset Turnover | 4.36x | 4.62x | 4.12x | 5.09x | 5.09x | 5.13x | 4.97x | 4.87x | 4.54x | 4.87x |
| Goodwill | 18.24B | 31.18B | 31.07B | 28.98B | 29.01B | 28.17B | 28.11B | 28.79B | 28.73B | 28.72B |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 11.8B | 14.82B | 16.57B | 23.6B | 22.15B | 20.13B | 17.07B | 12.87B | 14.1B | 55.6B |
| Total Assets | 204.52B▲ 0% | 219.29B▲ 7.2% | 236.5B▲ 7.8% | 252.5B▲ 6.8% | 244.86B▼ 3.0% | 243.2B▼ 0.7% | 252.4B▲ 3.8% | 260.82B▲ 3.3% | 284.67B▲ 9.1% | 288.65B▲ 0% |
| Asset Turnover | 2.45x | 2.35x | 2.22x | 2.21x | 2.34x | 2.51x | 2.57x | 2.61x | 2.51x | 2.60x |
| Asset Growth % | 2.87% | 7.22% | 7.84% | 6.77% | -3.02% | -0.68% | 3.78% | 3.34% | 9.14% | 22.64% |
| Total Current Liabilities | 78.52B | 77.48B | 77.79B | 92.64B | 87.38B | 92.2B | 92.42B | 96.58B | 107.47B | 115.73B |
| Accounts Payable | 46.09B | 47.06B | 46.97B | 49.14B | 55.26B | 53.74B | 56.81B | 58.67B | 63.06B | 67.16B |
| Days Payables Outstanding | 45.06 | 44.58 | 43.45 | 42.67 | 47.02 | 42.3 | 42.31 | 41.84 | 42.99 | 42.1 |
| Short-Term Debt | 8.99B | 7.1B | 5.94B | 3.34B | 3.21B | 4.56B | 4.33B | 5.67B | 12.63B | 11.92B |
| Deferred Revenue (Current) | 2.02B | 1.93B | 1.99B | 2.31B | 2.56B | 2.49B | 2.66B | 2.75B | 0 | 2.75B |
| Other Current Liabilities | 0 | 0 | 0 | 12.73B | 0 | 0 | 0 | 0 | 31.78B | 0 |
| Current Ratio | 0.76x | 0.80x | 0.79x | 0.97x | 0.93x | 0.82x | 0.83x | 0.82x | 0.79x | 0.79x |
| Quick Ratio | 0.20x | 0.23x | 0.22x | 0.49x | 0.28x | 0.21x | 0.24x | 0.24x | 0.24x | 0.24x |
| Cash Conversion Cycle | 1.84 | 1.81 | 2.03 | 0.61 | 6.34 | 6.97 | 3.52 | 3.76 | 2.85 | 4.34 |
| Total Non-Current Liabilities | 45.18B | 62.18B | 77.15B | 72.32B | 65.59B | 67.01B | 69.41B | 66.55B | 77.58B | 70.41B |
| Long-Term Debt | 30.05B | 43.52B | 43.71B | 41.19B | 34.86B | 34.65B | 36.13B | 33.4B | 54.47B | 34.45B |
| Capital Lease Obligations | 6.78B | 6.68B | 20.48B | 16.76B | 17.25B | 17.67B | 18.65B | 18.75B | 0 | 76.16B |
| Deferred Tax Liabilities | 8.35B | 11.98B | 12.96B | 14.37B | 13.47B | 14.69B | 0 | 0 | 16.55B | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 14.63B | 14.4B | 6.56B | 60.01B |
| Total Liabilities | 123.7B | 139.66B | 154.94B | 164.97B | 152.97B | 159.21B | 161.83B | 163.13B | 185.05B | 186.14B |
| Total Debt | 46.49B | 58.03B | 72.43B | 63.25B | 57.32B | 58.92B | 61.32B | 60.11B | 67.09B | 68.42B |
| Net Debt | 39.73B | 50.31B | 62.97B | 45.51B | 42.56B | 50.3B | 51.45B | 51.08B | 56.37B | 57.84B |
| Debt / Equity | 0.58x | 0.73x | 0.89x | 0.72x | 0.62x | 0.70x | 0.68x | 0.62x | 0.67x | 0.67x |
| Debt / EBITDA | 1.50x | 1.78x | 2.30x | 1.88x | 1.57x | 1.88x | 1.58x | 1.42x | 1.52x | 1.60x |
| Net Debt / EBITDA | 1.28x | 1.54x | 2.00x | 1.35x | 1.16x | 1.60x | 1.32x | 1.21x | 1.28x | 1.28x |
| Interest Coverage | 8.77x | 9.36x | 7.91x | 9.74x | 13.01x | 9.60x | 10.07x | 10.76x | 81.05x | 11.85x |
| Total Equity | 80.82B▲ 0% | 79.63B▼ 1.5% | 81.55B▲ 2.4% | 87.53B▲ 7.3% | 91.89B▲ 5.0% | 83.99B▼ 8.6% | 90.57B▲ 7.8% | 97.69B▲ 7.9% | 99.91B▲ 2.3% | 102.51B▲ 0% |
| Equity Growth % | 0.36% | -1.47% | 2.41% | 7.33% | 4.98% | -8.6% | 7.83% | 7.86% | 2.27% | 25.76% |
| Book Value per Share | 8.95 | 9.01 | 9.48 | 10.25 | 10.92 | 10.24 | 11.17 | 12.09 | 12.45 | 12.80 |
| Total Shareholders' Equity | 77.87B | 72.5B | 74.67B | 80.92B | 83.25B | 76.69B | 83.86B | 91.01B | 99.62B | 96.09B |
| Common Stock | 295M | 288M | 284M | 282M | 276M | 808M | 805M | 802M | 797M | 797M |
| Retained Earnings | 85.11B | 80.78B | 83.94B | 88.76B | 86.9B | 83.14B | 89.81B | 98.31B | 104.77B | 101.56B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -10.18B | -11.54B | -12.8B | -11.77B | -8.77B | -11.68B | -11.3B | -13.61B | -12.77B | -13.12B |
| Minority Interest | 2.95B | 7.14B | 6.88B | 6.61B | 8.64B | 7.3B | 6.71B | 6.68B | 293M | 6.42B |
WMT Cash Flow Statement
Walmart Inc. (WMT) cash flow — operating, investing & free cash flow history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 28.34B | 27.75B | 25.25B | 36.07B | 24.18B | 28.84B | 35.73B | 36.44B | 41.56B | 41.56B |
| Operating CF Margin % | 5.66% | 5.4% | 4.82% | 6.45% | 4.22% | 4.72% | 5.51% | 5.35% | 5.83% | - |
| Operating CF Growth % | -10.53% | -2.06% | -9% | 42.84% | -32.97% | 19.27% | 23.87% | 2.01% | 14.05% | 53.86% |
| Net Income | 9.86B | 7.18B | 15.2B | 13.71B | 13.94B | 11.29B | 16.27B | 20.16B | 22.27B | 22.91B |
| Depreciation & Amortization | 10.53B | 10.68B | 10.99B | 11.15B | 10.66B | 10.95B | 11.85B | 12.97B | 14.2B | 13.84B |
| Stock-Based Compensation | 626M | 0 | 0 | 1.16B | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -304M | -499M | 320M | 1.91B | -755M | 449M | -175M | -635M | 2.28B | 1.92B |
| Other Non-Cash Items | 4.35B | 10.1B | -9.22B | 14.74B | 6.93B | 3.6B | 5.83B | 3.77B | 2.06B | 281M |
| Working Capital Changes | 3.24B | 295M | 7.97B | -6.6B | -6.6B | 2.55B | 1.94B | 181M | 752M | 1.64B |
| Change in Receivables | -1.07B | -368M | -1.09B | -1.8B | -1.8B | 240M | -797M | -1.11B | -1.14B | -1.84B |
| Change in Inventory | -140M | -1.31B | -2.4B | -11.76B | -11.76B | -528M | 2.02B | -2.75B | -1.44B | -1.78B |
| Change in Payables | 4.09B | 1.83B | 6.97B | 5.52B | 5.52B | -1.43B | 2.52B | 3.23B | 1.61B | 3.1B |
| Cash from Investing | -9.06B | -24.04B | -9.13B | -11.92B | -6.01B | -17.72B | -21.29B | -21.38B | -26.35B | -27.75B |
| Capital Expenditures | -10.05B | -10.34B | -10.71B | -10.26B | -13.11B | -16.86B | -20.61B | -23.78B | -26.64B | -25.71B |
| CapEx % of Revenue | 2.01% | 2.01% | 2.04% | 1.84% | 2.29% | 2.76% | 3.18% | 3.49% | 3.74% | - |
| Acquisitions | 671M | -13.78B | 777M | 91M | 7.58B | -740M | 126M | -1.9B | -53M | -1.9B |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 320M | 88M | 800M | -1.75B | -485M | -125M | -807M | 220M | -582M | -426M |
| Cash from Financing | -19.88B | -2.54B | -14.3B | -16.12B | -22.83B | -17.04B | -13.41B | -14.82B | -13.55B | -12.16B |
| Debt Issued (Net) | -1.44B | 12.04B | -1.07B | -5.87B | -5.87B | 2.32B | 1.26B | -1.26B | 1.36B | 5.55B |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Dividends Paid | -6.12B | -6.1B | -6.05B | -6.12B | -6.15B | -6.11B | -6.14B | -6.69B | -7.51B | -7.31B |
| Share Repurchases | -8.3B | -7.41B | -5.72B | -2.63B | -9.79B | -9.92B | -2.78B | -4.49B | -8.09B | -8.45B |
| Other Financing | -4.02B | -1.06B | -1.46B | -1.5B | -1.02B | -3.32B | -5.76B | -2.38B | 684M | -1.95B |
| Net Change in Cash | -111M▲ 0% | 742M▲ 768.5% | 1.76B▲ 137.1% | 8.28B▲ 370.5% | -2.98B▼ 136.0% | -5.99B▼ 101.0% | 1.09B▲ 118.3% | -399M▼ 136.5% | 1.78B▲ 547.4% | 929M▲ 0% |
| Free Cash Flow | 18.29B▲ 0% | 17.41B▼ 4.8% | 14.55B▼ 16.4% | 25.81B▲ 77.4% | 11.07B▼ 57.1% | 11.98B▲ 8.2% | 15.12B▲ 26.2% | 12.66B▼ 16.3% | 41.56B▲ 228.3% | 15.26B▲ 0% |
| FCF Margin % | 3.65% | 3.38% | 2.78% | 4.62% | 1.93% | 1.96% | 2.33% | 1.86% | 5.83% | 2.17% |
| FCF Growth % | -12.55% | -4.8% | -16.42% | 77.39% | -57.09% | 8.21% | 26.17% | -16.27% | 228.32% | -10.23% |
| FCF per Share | 2.03 | 1.97 | 1.69 | 3.02 | 1.32 | 1.46 | 1.86 | 1.57 | 5.18 | 5.18 |
| FCF Conversion (FCF/Net Income) | 2.87x | 4.16x | 1.70x | 2.67x | 1.77x | 2.47x | 2.30x | 1.88x | 1.90x | 0.67x |
| Interest Paid | 2.45B | 2.35B | 2.22B | 2.24B | 2.05B | 2.52B | 2.74B | 2.74B | 0 | 0 |
| Taxes Paid | 6.18B | 3.98B | 5.27B | 5.92B | 3.31B | 5.88B | 5.88B | 5.88B | 0 | 0 |
WMT Key Ratios
Walmart Inc. (WMT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.22% | 8.31% | 18.46% | 15.98% | 15.24% | 13.28% | 17.77% | 20.65% | 22.16% | 22.35% |
| Return on Invested Capital (ROIC) | 12.76% | 13.15% | 11.24% | 12.19% | 14.55% | 11.4% | 14.66% | 15.14% | 14.67% | 14.67% |
| Gross Margin | 25.37% | 25.1% | 24.69% | 24.83% | 25.1% | 24.14% | 24.38% | 24.85% | 24.93% | 24.91% |
| Net Margin | 1.97% | 1.3% | 2.84% | 2.42% | 2.39% | 1.91% | 2.39% | 2.85% | 3.07% | 3.26% |
| Debt / Equity | 0.58x | 0.73x | 0.89x | 0.72x | 0.62x | 0.70x | 0.68x | 0.62x | 0.67x | 0.67x |
| Interest Coverage | 8.77x | 9.36x | 7.91x | 9.74x | 13.01x | 9.60x | 10.07x | 10.76x | 81.05x | 11.85x |
| FCF Conversion | 2.87x | 4.16x | 1.70x | 2.67x | 1.77x | 2.47x | 2.30x | 1.88x | 1.90x | 0.67x |
| Revenue Growth | 2.98% | 2.81% | 1.86% | 6.72% | 2.43% | 6.73% | 6.03% | 5.07% | 4.73% | 4.34% |
WMT SEC Filings & Documents
Walmart Inc. (WMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
WMT Frequently Asked Questions
Walmart Inc. (WMT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Walmart Inc. (WMT) reported $703.06B in revenue for fiscal year 2026. This represents a 562% increase from $106.15B in 1997.
Walmart Inc. (WMT) grew revenue by 4.7% over the past year. Growth has been modest.
Yes, Walmart Inc. (WMT) is profitable, generating $22.91B in net income for fiscal year 2026 (3.1% net margin).
Dividend & Returns
Yes, Walmart Inc. (WMT) pays a dividend with a yield of 0.72%. This makes it attractive for income-focused investors.
Walmart Inc. (WMT) has a return on equity (ROE) of 22.2%. This is excellent, indicating efficient use of shareholder capital.
Walmart Inc. (WMT) generated $15.26B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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Walmart Inc. (WMT) financial analysis — history, returns, DCA and operating performance tools
Full WMT Stock Analysis
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Dividend History
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Valuation
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