WMT · Walmart Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $713.16B | $680.99B | $648.13B | $611.29B | $572.75B | $559.15B |
| Cost of Revenue | $535.39B | $511.75B | $490.14B | $463.72B | $429.00B | $420.31B |
| Gross Profit | $177.77B | $169.23B | $157.98B | $147.57B | $143.75B | $138.84B |
| R&D | - | - | - | - | - | - |
| SG&A | $147.94B | $139.88B | $130.97B | $127.14B | $117.81B | $116.29B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - |
| Operating Income | $29.82B | $29.35B | $27.01B | $20.43B | $25.94B | $22.55B |
| Interest Expense | $2.32B | $2.25B | $2.26B | $1.79B | $1.67B | $1.98B |
| Income Tax | $7.20B | $6.15B | $5.58B | $5.72B | $4.76B | $6.86B |
| Net Income | $21.89B | $19.44B | $15.51B | $11.68B | $13.67B | $13.51B |
| EPS - Basic | $2.74 | $2.42 | $1.92 | $1.43 | $1.63 | $1.59 |
| EPS - Diluted | $2.73 | $2.41 | $1.91 | $1.42 | $1.62 | $1.58 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.73B | $9.04B | $9.87B | $8.63B | $14.76B | $17.74B |
| Accounts Receivable | $11.17B | $9.97B | $8.80B | $7.93B | $8.28B | $6.52B |
| Inventory | $58.85B | $56.44B | $54.89B | $56.58B | $56.51B | $44.95B |
| Accounts Payable | $63.06B | $58.67B | $56.81B | $53.74B | $55.26B | $49.14B |
| Current Assets | $84.87B | $79.46B | $76.88B | $75.66B | $81.07B | $90.07B |
| Total Assets | $284.67B | $260.82B | $252.40B | $243.20B | $244.86B | $252.50B |
| Current Liabilities | $107.47B | $96.58B | $92.42B | $92.20B | $87.38B | $92.64B |
| Long-term Debt | $34.62B | $33.40B | $36.13B | $34.65B | $34.86B | $41.19B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $99.62B | $91.01B | $83.86B | $76.69B | $83.25B | $80.92B |
| Retained Earnings | $104.77B | $98.31B | $89.81B | $83.14B | $86.90B | $88.76B |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $41.56B | $36.44B | $35.73B | $28.84B | $24.18B | $36.07B |
| Investing Cash Flow | ($26.35B) | ($21.38B) | ($21.29B) | ($17.72B) | ($6.01B) | ($10.07B) |
| Financing Cash Flow | ($13.55B) | ($14.82B) | ($13.41B) | ($17.04B) | ($22.83B) | ($16.12B) |
| CapEx | $26.64B | $23.78B | $20.61B | $16.86B | $13.11B | $10.26B |
| Free Cash Flow | $14.92B | $12.66B | $15.12B | $11.98B | $11.07B | $25.81B |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 24.9% | 24.9% | 24.4% | 24.1% | 25.1% | 24.8% |
| Operating margin | 4.2% | 4.3% | 4.2% | 3.3% | 4.5% | 4.0% |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 3.1% | 2.9% | 2.4% | 1.9% | 2.4% | 2.4% |
| Free cash flow margin | 2.1% | 1.9% | 2.3% | 2.0% | 1.9% | 4.6% |
| FCF / Net income | 0.68 | 0.65 | 0.97 | 1.03 | 0.81 | 1.91 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 20.7% | 20.5% | 20.2% | 20.8% | 20.6% | 20.8% |
| Effective tax rate | 24.7% | 24.0% | 26.4% | 32.9% | 25.8% | 33.7% |
| Return on assets | 7.7% | 7.5% | 6.1% | 4.8% | 5.6% | 5.4% |
| Return on equity | 22.0% | 21.4% | 18.5% | 15.2% | 16.4% | 16.7% |
| Return on invested capital | 16.7% | 17.9% | 16.6% | 12.3% | 16.3% | 12.2% |
| Liquidity | ||||||
| Current ratio | 0.79 | 0.82 | 0.83 | 0.82 | 0.93 | 0.97 |
| Quick ratio | 0.24 | 0.24 | 0.24 | 0.21 | 0.28 | 0.49 |
| Cash ratio | 0.10 | 0.09 | 0.11 | 0.09 | 0.17 | 0.19 |
| Leverage | ||||||
| Debt / Equity | 0.35 | 0.37 | 0.43 | 0.45 | 0.42 | 0.51 |
| Debt / Assets | 0.12 | 0.13 | 0.14 | 0.14 | 0.14 | 0.16 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 12.9x | 13.0x | 12.0x | 11.4x | 15.5x | 11.4x |
| Equity multiplier | 2.86 | 2.87 | 3.01 | 3.17 | 2.94 | 3.12 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 2.51 | 2.61 | 2.57 | 2.51 | 2.34 | 2.21 |
| Inventory turnover | 9.10 | 9.07 | 8.93 | 8.20 | 7.59 | 9.35 |
| Days sales outstanding | 6d | 5d | 5d | 5d | 5d | 4d |
| Days inventory outstanding | 40d | 40d | 41d | 45d | 48d | 39d |
| Days payable outstanding | 43d | 42d | 42d | 42d | 47d | 43d |
| Cash conversion cycle | 3d | 4d | 4d | 7d | 6d | 1d |
| Valuation | ||||||
| P / E | 43.6x | 40.7x | 28.8x | 33.7x | 28.7x | 29.6x |
| P / B | 9.6x | 8.7x | 5.3x | 1.7x | 1.6x | 1.6x |
| P / S | 1.3x | 1.2x | 0.7x | 0.2x | 0.2x | 0.2x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 4.7% | 5.1% | 6.0% | 6.7% | 2.4% | 6.7% |
| Revenue CAGR (3y) | 5.3% | 5.9% | 5.0% | 5.3% | 3.6% | 3.8% |
| Revenue CAGR (5y) | 5.0% | 5.4% | 4.7% | 4.1% | 3.3% | 3.0% |
| Gross profit growth (YoY) | 5.0% | 7.1% | 7.1% | 2.7% | 3.5% | 7.3% |
| Operating income growth (YoY) | 1.6% | 8.6% | 32.2% | -21.3% | 15.1% | 9.6% |
| Net income growth (YoY) | 12.6% | 25.3% | 32.8% | -14.6% | 1.2% | -9.2% |
| EPS growth (YoY) | 13.3% | 26.2% | 34.2% | -12.3% | 2.5% | -69.5% |
| EPS CAGR (3y) | 24.2% | 14.1% | 6.5% | -35.0% | -10.4% | -21.6% |
| EPS CAGR (5y) | 11.5% | -14.2% | -3.3% | -15.4% | -18.0% | -19.1% |
| FCF growth (YoY) | 17.9% | -16.3% | 26.2% | 8.2% | -57.1% | 77.4% |
| FCF CAGR (5y) | -10.4% | -2.7% | -2.8% | -8.1% | -11.9% | 10.2% |
| Book value growth (YoY) | 9.5% | 8.5% | 9.3% | -7.9% | 2.9% | 8.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$706.41B totalWalmart US$482.98B · 68.4%
Walmart International$130.42B · 18.5%
Sams Club US$93.02B · 13.2%
Product / service
$494.55B totalGrocery$285.48B · 57.7%
General Merchandise$115.06B · 23.3%
Healthand Wellness$69.55B · 14.1%
Other Categories$12.89B · 2.6%
Fuel And Other$11.57B · 2.3%
Geographic
$843.59B totalUS$581.17B · 68.9%
Non Us$131.99B · 15.6%
Mexicoand Central America$52.49B · 6.2%
Other$29.58B · 3.5%
CN$24.62B · 2.9%
CA$23.72B · 2.8%
Stability scores
Piotroski F-score
FY 2026 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Variety Stores
Comparing Walmart Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.97/share trailing 12 months · +9.0% YoY
| Ex-date | Per share |
|---|---|
| May 8, 2026 | $0.2480 |
| Mar 20, 2026 | $0.2480 |
| Dec 12, 2025 | $0.2350 |
| Aug 15, 2025 | $0.2350 |
| May 9, 2025 | $0.2350 |
| Mar 21, 2025 | $0.2350 |
| Dec 13, 2024 | $0.2080 |
| Aug 16, 2024 | $0.2080 |
| May 9, 2024 | $0.2080 |
| Mar 14, 2024 | $0.2080 |
| Dec 7, 2023 | $0.1900 |
| Aug 10, 2023 | $0.1900 |
| May 4, 2023 | $0.1900 |
| Mar 16, 2023 | $0.1900 |
| Dec 8, 2022 | $0.1867 |
| Aug 11, 2022 | $0.1867 |
| May 5, 2022 | $0.1867 |
| Mar 17, 2022 | $0.1867 |
| Dec 9, 2021 | $0.1833 |
| Aug 12, 2021 | $0.1833 |
| May 6, 2021 | $0.1833 |
| Mar 18, 2021 | $0.1833 |
| Dec 10, 2020 | $0.1800 |
| Aug 13, 2020 | $0.1800 |