Walmart Inc. (WMT) Earnings History
Annual and quarterly earnings data from 1990 to 2026
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WMT EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WMT Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2026 | 24.9% | 4.2% | 3.1% |
| 2025 | 24.9% | 4.3% | 2.9% |
| 2024 | 24.4% | 4.2% | 2.4% |
| 2023 | 24.1% | 3.3% | 1.9% |
| 2022 | 25.1% | 4.5% | 2.4% |
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Walmart Inc. (WMT) Earnings Overview
As of May 6, 2026, Walmart Inc. (WMT) reported trailing twelve-month net income of $22.91B, reflecting +13.3% year-over-year growth. The company earned $2.86 per diluted share over the past four quarters, with a net profit margin of 3.1%.
Looking at the long-term picture, WMT's 5-year EPS compound annual growth rate (CAGR) stands at +11.0%, showing solid earnings momentum. The company achieved its highest annual net income of $21.89B in fiscal 2026, representing a new all-time high.
Walmart Inc. maintains positive profitability with a gross margin of 24.9%, operating margin of 4.2%, and net margin of 3.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including TGT ($4.04B net income, 3.5% margin), COST ($8.55B net income, 2.9% margin), KR ($1.02B net income, 0.7% margin), WMT has room to improve margins relative to the peer group. Compare WMT vs TGT →
WMT Earnings vs Peers
Earnings metrics vs comparable public companies
WMT Historical Earnings Data (1990–2026)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $21.89B | +12.6% | $29.82B | $2.73 | 3.1% | 4.2% |
| 2025 | $19.44B | +25.3% | $29.35B | $2.41 | 2.9% | 4.3% |
| 2024 | $15.51B | +32.8% | $27.01B | $1.91 | 2.4% | 4.2% |
| 2023 | $11.68B | -14.6% | $20.43B | $1.42 | 1.9% | 3.3% |
| 2022 | $13.67B | +1.2% | $25.94B | $1.62 | 2.4% | 4.5% |
| 2021 | $13.51B | -9.2% | $22.55B | $1.62 | 2.4% | 4.0% |
| 2020 | $14.88B | +123.1% | $20.57B | $1.73 | 2.8% | 3.9% |
| 2019 | $6.67B | -32.4% | $21.96B | $0.75 | 1.3% | 4.3% |
| 2018 | $9.86B | -27.7% | $20.44B | $1.09 | 2.0% | 4.1% |
| 2017 | $13.64B | -7.2% | $22.76B | $1.46 | 2.8% | 4.7% |
Full WMT Stock Analysis
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View ValuationCompare WMT vs COST
Side-by-side business, growth, and profitability comparison vs Costco Wholesale Corporation.
Start ComparisonWMT — Frequently Asked Questions
Quick answers to the most common questions about buying WMT stock.
Is WMT growing earnings?
WMT EPS stands at $2.86, with +13.3% growth matching the 5-year CAGR of +11.0%. TTM net income is $22.9B. Earnings trajectory remains consistent.
What are WMT's profit margins?
Walmart Inc. net margin is +3.1%, with operating margin at +4.2%. Below-average margins reflect competitive or cost pressures.
How consistent are WMT's earnings?
WMT earnings data spans 1990-2026. The current earnings trend is +13.3% YoY. Historical data enables comparison across business cycles.