Walmart Inc. (WMT) Earnings History
Growth Compounder37 years of earnings data (1990–2026) · Consistent double-digit EPS growth over 5 years
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Walmart Inc. (WMT) Earnings Overview
As of June 20, 2026, Walmart Inc. (WMT) reported trailing twelve-month net income of $23.06B, reflecting +13.3% year-over-year growth. The company earned $2.88 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 ($3.61B net income, 3.5% margin), COST ($8.84B 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% |
| 2016 | $14.69B | -10.2% | $24.11B | $1.52 | 3.0% | 5.0% |
| 2015 | $16.36B | +2.1% | $27.15B | $1.68 | 3.4% | 5.6% |
| 2014 | $16.02B | -5.7% | $26.87B | $1.63 | 3.4% | 5.6% |
| 2013 | $17.00B | +8.3% | $27.73B | $1.67 | 3.6% | 5.9% |
| 2012 | $15.70B | -4.2% | $26.49B | $1.51 | 3.5% | 5.9% |
| 2011 | $16.39B | +14.1% | $25.54B | $1.49 | 3.9% | 6.1% |
| 2010 | $14.37B | +7.4% | $24.00B | $1.23 | 3.5% | 5.9% |
| 2009 | $13.38B | +5.1% | $22.77B | $1.13 | 3.3% | 5.6% |
| 2008 | $12.73B | +12.8% | $21.95B | $1.04 | 3.4% | 5.8% |
| 2007 | $11.28B | +0.5% | $20.50B | $0.90 | 3.2% | 5.9% |
| 2006 | $11.23B | +9.4% | $18.71B | $0.89 | 3.6% | 6.0% |
| 2005 | $10.27B | +13.4% | $17.30B | $0.80 | 3.6% | 6.1% |
| 2004 | $9.05B | +13.8% | $15.03B | $0.69 | 3.5% | 5.8% |
| 2003 | $7.96B | +20.7% | $13.29B | $0.60 | 3.2% | 5.4% |
| 2002 | $6.59B | +4.7% | $11.58B | $0.49 | 3.2% | 5.6% |
| 2001 | $6.29B | +12.9% | $11.31B | $0.47 | 3.3% | 5.9% |
| 2000 | $5.58B | +25.8% | $8.31B | $0.40 | 3.3% | 5.0% |
| 1999 | $4.43B | +25.6% | $6.55B | $0.33 | 3.2% | 4.7% |
| 1998 | $3.53B | +15.4% | $5.16B | $0.26 | 3.0% | 4.3% |
| 1997 | $3.06B | +11.5% | $4.41B | $0.22 | 2.9% | 4.2% |
| 1996 | $2.74B | +2.2% | $4.11B | $0.20 | 2.9% | 4.3% |
| 1995 | $2.68B | +14.9% | $4.05B | $0.20 | 3.2% | 4.9% |
| 1994 | $2.33B | +17.0% | $3.57B | $0.17 | 3.5% | 5.3% |
| 1993 | $1.99B | +24.0% | $2.99B | $0.14 | 3.6% | 5.4% |
| 1992 | $1.61B | +24.6% | $2.42B | $0.12 | 3.7% | 5.5% |
| 1991 | $1.29B | +20.0% | $1.95B | $0.10 | 4.0% | 6.0% |
| 1990 | $1.08B | - | $1.67B | $0.08 | 4.2% | 6.5% |
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WMT — Frequently Asked Questions
Quick answers to the most common questions about buying WMT stock.
What is WMT earnings per share (EPS)?
WMT trailing twelve-month (TTM) diluted EPS is $2.88, reflecting +13.3% year-over-year growth. The 5-year EPS CAGR is +11.0%. Complete EPS history from 1990 to 2026 is available in the table on this page.
What is Walmart Inc.'s net income?
Walmart Inc. (WMT) trailing twelve-month net income is $23.1B as of 2026. Earnings grew +13.3% year-over-year. Walmart Inc. has been profitable for 37 consecutive years.
Is WMT profitable?
Yes, WMT is profitable with a TTM net income of $23.1B and a net profit margin of +3.1%. Walmart Inc. has generated profits for 37 consecutive years.
What is WMT's earnings growth rate?
WMT compound annual EPS growth rates (CAGR): 1-Year: +13.3%, 3-Year: +24.3%, 5-Year: +11.0%, 10-Year: +6.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1990 to 2026.
What are WMT's profit margins?
Walmart Inc. net profit margin is +3.1%, operating margin is +4.2%, and gross margin is +24.9%. Below-average margins reflect competitive or cost pressures. Return on Equity is +21.5%.
Is WMT growing earnings?
WMT is growing earnings steadily. YoY EPS growth of +13.3% is consistent with the 5-year CAGR of +11.0%. TTM net income is $23.1B.
What was WMT's best earnings year?
Walmart Inc.'s highest annual net income on record is $21.9B, achieved in fiscal year 2026. Earnings history on this page spans 1990 to 2026 and includes all annual and quarterly figures.
What were WMT's earnings last quarter?
WMT's most recent reported quarter was Q1 2027. Net income was $5.7B with diluted EPS of $0.67. For a full breakdown of all quarters, see the quarterly earnings table on this page.