Walmart Inc. (WMT) quarterly cash flow statement — complete operating, investing & financing history
Walmart Inc. (WMT) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'27 | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|
| Cash from Operations | 14.97B | 4.74B | 14.11B | 9.1B | 12.94B | 5.41B | 13.53B | 6.56B | 12.11B | 4.25B | 16.71B | 813M | 13.57B | 4.63B | 13.14B | 6.46B | 13B | -3.76B | 7.89B | 3.87B |
| Operating CF Margin % | 7.97% | 2.67% | 7.4% | 5.07% | 7.29% | 3.27% | 7.49% | 3.87% | 7.15% | 2.63% | 9.64% | 0.51% | 8.39% | 3.04% | 8.01% | 4.23% | 8.5% | -2.65% | 5.16% | 2.75% |
| Operating CF Growth % | 15.69% | -12.44% | 4.35% | 38.7% | 6.88% | 27.35% | -19.07% | 707.01% | -10.76% | -8.29% | 27.16% | -87.41% | 4.39% | 223.28% | 66.58% | 66.96% | 35.89% | -231.49% | -40.2% | -1.43% |
| Net Income | 6.53B | 5.49B | 4.24B | 6.09B | 7.15B | 4.64B | 5.42B | 4.71B | 4.71B | 5.31B | 5.68B | 643M | 8.05B | 1.9B | 5.81B | -1.77B | 5.15B | 2.1B | 3.63B | 3.13B |
| Depreciation & Amortization | 3.92B | 3.82B | 0 | 3.61B | 3.49B | 3.37B | 3.37B | 3.26B | 3.21B | 3.13B | 3.12B | 2.99B | 2.9B | 2.85B | 2.81B | 2.75B | 2.7B | 2.68B | 2.71B | 2.65B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 205M | 640M | -33M | 759M | 1.63B | -76M | -390M | -1M | -346M | 102M | 494M | -1.1B | 1.16B | -725M | 421M | -83M | 180M | -69M | 647M | -1.02B |
| Other Non-Cash Items | 1.61B | -3.39B | 7.11B | -451M | -1.75B | 1.05B | 1.43B | 954M | 1.52B | -132M | 395M | 5.36B | -3.23B | 3.31B | -2.93B | 4.3B | 302M | 1.93B | 1.2B | 1.67B |
| Working Capital Changes | 2.7B | -1.82B | 2.8B | -902M | 2.42B | -3.57B | 3.69B | -2.37B | 3.02B | -4.16B | 7.03B | -7.08B | 4.68B | -2.69B | 7.03B | 1.25B | 4.67B | -10.4B | -300M | -2.57B |
| Change in Receivables | -386M | -395M | 992M | -1.72B | -673M | 268M | 289M | -1.48B | 234M | -154M | -126M | -786M | -261M | 376M | 299M | -933M | 37M | 837M | -954M | -1.29B |
| Change in Inventory | 1.17B | 3.83B | 6.78B | -7.56B | 148M | -807M | 6.45B | -7.97B | -705M | -529M | 9.34B | -7.54B | 376M | -154M | 8.48B | -5.28B | 969M | -4.7B | 899M | -9.94B |
| Change in Payables | 471M | 1.18B | -5.67B | 5.97B | 1.61B | -310M | -4.18B | 6.24B | 953M | 213M | -4.83B | 4.35B | 2.03B | 971M | -4.61B | 3.64B | 1.19B | -1.64B | -2.39B | 7.79B |
| Cash from Investing | -7.53B | -6.74B | -7.32B | -7.83B | -6.11B | -5.09B | -8.72B | -2.53B | -5.72B | -4.41B | -5.91B | -5.46B | -5.05B | -4.86B | -4.76B | -4.38B | -4.03B | -4.56B | -4.49B | -3.93B |
| Capital Expenditures | -7.5B | -6.68B | -8.02B | -7.22B | -6.42B | -4.99B | -7.09B | -6.19B | -5.83B | -4.68B | -5.93B | -5.46B | -4.79B | -4.43B | -4.8B | -4.57B | -3.95B | -3.54B | -4.52B | -3.57B |
| CapEx % of Revenue | 3.99% | 3.76% | 4.2% | 4.02% | 3.62% | 3.01% | 3.93% | 3.65% | 3.44% | 2.9% | 3.42% | 3.39% | 2.96% | 2.91% | 2.92% | 2.99% | 2.59% | 2.5% | 2.96% | 2.54% |
| Acquisitions | 0 | 0 | 911M | 0 | 0 | 0 | -1.9B | 0 | 3M | 0 | 87M | 30M | 78M | 48M | -10M | -114M | -18M | -598M | -111M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -72M | -53M | -216M | -637M | 317M | -107M | 1M | 3.66B | 109M | 267M | -68M | -37M | -340M | -479M | 49M | 302M | -55M | -421M | 144M | -363M |
| Cash from Financing | -7.17B | 2.33B | -6.54B | -19M | -7B | 8M | -5.15B | -2.73B | -6.62B | -321M | -13.23B | 3.13B | -5.25B | 1.94B | -11.46B | -4.18B | -6.71B | 5.32B | -4.71B | -6.55B |
| Debt Issued (Net) | -1.01B | 6.86B | -1.79B | 2.8B | -2.64B | 6.5B | -1.12B | 365M | -3.51B | 3.01B | -9.07B | 5.25B | 559M | 4.53B | -7.66B | 1.19B | -1.28B | 10.07B | -7.66B | -3.27B |
| Equity Issued (Net) | -3.02B | -2.08B | -1.08B | -808M | -1.65B | -4.55B | -1.45B | -977M | -1.01B | -1.06B | -1.5B | -111M | -485M | -686M | -1.21B | -2.96B | -3.34B | -2.41B | -2.42B | -2.17B |
| Dividends Paid | -1.97B | -1.97B | -1.88B | -1.88B | -1.88B | -1.88B | -1.68B | -1.67B | -1.67B | -1.67B | -1.53B | -1.53B | -1.53B | -1.54B | -1.51B | -1.52B | -1.54B | -1.54B | -1.52B | -1.54B |
| Share Repurchases | -3.02B | -2.08B | -1.08B | -808M | -1.65B | -4.55B | -1.45B | -977M | -1.01B | -1.06B | -1.5B | -111M | -485M | -686M | -1.21B | -2.96B | -3.34B | -2.41B | -2.42B | -2.17B |
| Other Financing | -1.17B | -480M | -1.79B | -140M | -844M | -61M | -901M | -448M | -433M | -602M | -1.13B | -477M | -3.79B | -362M | -1.07B | -891M | -560M | -803M | 6.89B | 418M |
| Net Change in Cash | 673M | -2M | 145M | 1.22B | -55M | 396M | -632M | 1.29B | -581M | -475M | -2.36B | -1.68B | 3.26B | 1.87B | -2.81B | -2.33B | 2.11B | -2.95B | -1.33B | -6.71B |
| Free Cash Flow | 7.47B | -1.95B | 6.1B | 1.88B | 6.52B | 425M | 6.44B | 372M | 6.28B | -427M | 10.78B | -4.64B | 8.78B | 204M | 8.35B | 1.89B | 9.04B | -7.3B | 3.37B | 299M |
| FCF Margin % | 3.98% | -1.09% | 3.2% | 1.05% | 3.67% | 0.26% | 3.57% | 0.22% | 3.71% | -0.26% | 6.22% | -2.89% | 5.43% | 0.13% | 5.09% | 1.24% | 5.92% | -5.15% | 2.21% | 0.21% |
| FCF Growth % | 14.68% | -557.88% | -5.28% | 405.91% | 3.84% | 199.53% | -40.28% | 108.01% | -28.52% | -309.31% | 29.15% | -345.9% | -2.92% | 102.8% | 147.54% | 531.77% | 33.8% | -1233.07% | -64.01% | -71.66% |
| FCF per Share | 0.94 | -0.24 | 0.76 | 0.23 | 0.81 | 0.05 | 0.80 | 0.05 | 0.78 | -0.05 | 1.33 | -0.57 | 1.08 | 0.03 | 1.03 | 0.23 | 1.10 | -0.88 | 0.40 | 0.04 |
| FCF Conversion (FCF/Net Income) | 2.35x | 0.84x | 3.33x | 1.48x | 1.84x | 1.21x | 2.57x | 1.43x | 2.69x | 0.83x | 3.04x | 1.79x | 1.72x | 2.77x | 2.09x | -3.59x | 2.52x | -1.83x | 2.22x | 1.25x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |