Walmart Inc. (WMT) Earnings History
Annual and quarterly earnings data from 1990 to 2026
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EPS Growth Rates (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.
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 February 28, 2026, Walmart Inc. (WMT) reported trailing twelve-month net income of $22.91B, reflecting +0.1% year-over-year growth. The company earned $2.86 per diluted share over the past four quarters, with a net profit margin of 0.0%.
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 0.2%, operating margin of 0.0%, and net margin of 0.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including COST ($8.30B net income, 0.0% margin), TGT ($4.04B net income, 0.0% margin), BJ ($575M net income, 0.0% margin), WMT has outperformed on profitability metrics. Compare WMT vs COST →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
WMTCurrent | $22.9B | $2.86 | 0.0% | 0.2% | +0.1% | — |
COST | $8.3B | $18.68 | 0.0% | 0.3% | +0.1% | |
TGT | $4.0B | $8.88 | 0.0% | 0.3% | -0.0% | |
BJ | $575M | $4.36 | 0.0% | 0.3% | +0.0% | |
PSMT | $147M | $4.89 | 0.0% | 0.1% | +0.1% |
Historical Data
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% |
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Start ComparisonFrequently Asked Questions
Is WMT growing earnings?
WMT EPS of $2.86 reflects slowing growth at +0.1%, below the 5-year CAGR of +11.0%. TTM net income is $22.9B. Expansion rate has moderated.
What are WMT's profit margins?
Walmart Inc. net margin is +0.0%, with operating margin at +0.0%. 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 +0.1% YoY. Historical data enables comparison across business cycles.