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 | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $165.61B | $179.50B | $177.40B | $161.51B | $169.59B | $169.34B | $152.30B | $160.80B | $161.63B | $141.57B |
| Cost of Revenue | $124.30B | $134.71B | $132.77B | $121.43B | $127.34B | $126.81B | $115.28B | $121.18B | $121.85B | $106.85B |
| Gross Profit | $41.31B | $44.79B | $44.63B | $40.08B | $42.25B | $42.52B | $37.02B | $39.62B | $39.78B | $34.72B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $34.17B | $38.09B | $37.34B | $33.24B | $35.54B | $34.59B | $30.78B | $33.42B | $32.47B | $29.40B |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $7.13B | $6.70B | $7.29B | $6.84B | $6.71B | $7.94B | $6.24B | $6.20B | $7.32B | $5.32B |
| Interest Expense | $519.00M | $563.00M | $651.00M | $597.00M | $496.00M | $557.00M | $568.00M | $572.00M | $543.00M | $372.00M |
| Income Tax | $1.35B | $2.10B | $2.17B | $1.73B | $1.38B | $1.50B | $792.00M | $272.00M | $2.67B | $798.00M |
| Net Income | $4.49B | $6.14B | $7.03B | $5.10B | $4.58B | $4.50B | $1.67B | $453.00M | $7.89B | $2.05B |
| EPS - Basic | $0.56 | $0.77 | $0.88 | $0.63 | $0.57 | $0.56 | $0.21 | $0.06 | $0.98 | $0.25 |
| EPS - Diluted | $0.56 | $0.77 | $0.88 | $0.63 | $0.57 | $0.56 | $0.21 | $0.06 | $0.97 | $0.25 |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.73B | $10.58B | $9.43B | $9.04B | $10.05B | $8.81B | $9.87B | $12.15B | $13.89B | $8.63B |
| Accounts Receivable | $11.17B | $12.12B | $10.52B | $9.97B | $10.04B | $8.65B | $8.80B | $8.63B | $7.89B | $7.93B |
| Inventory | $58.85B | $65.35B | $57.73B | $56.44B | $63.30B | $55.61B | $54.89B | $63.95B | $56.72B | $56.58B |
| Accounts Payable | $63.06B | $67.16B | $60.09B | $58.67B | $62.86B | $56.72B | $56.81B | $61.05B | $56.58B | $53.74B |
| Current Assets | $84.87B | $92.92B | $82.03B | $79.46B | $86.94B | $76.51B | $76.88B | $88.39B | $82.03B | $75.66B |
| Total Assets | $284.67B | $288.65B | $270.84B | $260.82B | $263.40B | $254.44B | $252.40B | $259.17B | $255.12B | $243.20B |
| Current Liabilities | $107.47B | $115.73B | $103.57B | $96.58B | $102.56B | $95.26B | $92.42B | $104.23B | $99.22B | $92.20B |
| Long-term Debt | $34.62B | $34.45B | $35.64B | $33.40B | $33.65B | $35.36B | $36.13B | $36.34B | $36.81B | $34.65B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $99.62B | $96.09B | $90.11B | $91.01B | $88.11B | $84.42B | $83.86B | $79.46B | $79.56B | $76.69B |
| Retained Earnings | $104.77B | $101.56B | $96.33B | $98.31B | $94.44B | $90.79B | $89.81B | $85.83B | $85.47B | $83.14B |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.41B | - | - | $4.25B | - | - | $4.63B | - | - | ($3.76B) |
| Investing Cash Flow | ($5.09B) | - | - | ($4.41B) | - | - | ($4.86B) | - | - | ($4.56B) |
| Financing Cash Flow | $8.00M | - | - | ($321.00M) | - | - | $1.94B | - | - | $5.32B |
| CapEx | $4.99B | - | - | $4.68B | - | - | $4.43B | - | - | $3.54B |
| Free Cash Flow | $425.00M | - | - | ($427.00M) | - | - | $204.00M | - | - | ($7.30B) |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 24.9% | 25.0% | 25.2% | 24.8% | 24.9% | 25.1% | 24.3% | 24.6% | 24.6% | 24.5% |
| Operating margin | 4.3% | 3.7% | 4.1% | 4.2% | 4.0% | 4.7% | 4.1% | 3.9% | 4.5% | 3.8% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 2.7% | 3.4% | 4.0% | 3.2% | 2.7% | 2.7% | 1.1% | 0.3% | 4.9% | 1.5% |
| Free cash flow margin | 0.3% | - | - | -0.3% | - | - | 0.1% | - | - | -5.2% |
| FCF / Net income | 0.09 | - | - | -0.08 | - | - | 0.12 | - | - | -3.55 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 20.6% | 21.2% | 21.1% | 20.6% | 21.0% | 20.4% | 20.2% | 20.8% | 20.1% | 20.8% |
| Effective tax rate | 23.2% | 25.5% | 23.6% | 25.3% | 23.2% | 25.0% | 32.1% | 37.5% | 25.3% | 28.0% |
| Return on assets | 1.6% | 2.1% | 2.6% | 2.0% | 1.7% | 1.8% | 0.7% | 0.2% | 3.1% | 0.8% |
| Return on equity | 4.5% | 6.4% | 7.8% | 5.6% | 5.2% | 5.3% | 2.0% | 0.6% | 9.9% | 2.7% |
| Return on invested capital | 4.1% | 3.8% | 4.4% | 4.1% | 4.2% | 5.0% | 3.5% | 3.3% | 4.7% | 3.4% |
| Liquidity | ||||||||||
| Current ratio | 0.79 | 0.80 | 0.79 | 0.82 | 0.85 | 0.80 | 0.83 | 0.85 | 0.83 | 0.82 |
| Quick ratio | 0.24 | 0.24 | 0.23 | 0.24 | 0.23 | 0.22 | 0.24 | 0.23 | 0.26 | 0.21 |
| Cash ratio | 0.10 | 0.09 | 0.09 | 0.09 | 0.10 | 0.09 | 0.11 | 0.12 | 0.14 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | 0.35 | 0.36 | 0.40 | 0.37 | 0.38 | 0.42 | 0.43 | 0.46 | 0.46 | 0.45 |
| Debt / Assets | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 13.7x | 11.9x | 11.2x | 11.5x | 13.5x | 14.3x | 11.0x | 10.8x | 13.5x | 14.3x |
| Equity multiplier | 2.86 | 3.00 | 3.01 | 2.87 | 2.99 | 3.01 | 3.01 | 3.26 | 3.21 | 3.17 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.58 | 0.62 | 0.66 | 0.62 | 0.64 | 0.67 | 0.60 | 0.62 | 0.63 | 0.58 |
| Inventory turnover | 2.11 | 2.06 | 2.30 | 2.15 | 2.01 | 2.28 | 2.10 | 1.89 | 2.15 | 1.89 |
| Days sales outstanding | 25d | 25d | 22d | 23d | 22d | 19d | 21d | 20d | 18d | 20d |
| Days inventory outstanding | 173d | 177d | 159d | 170d | 181d | 160d | 174d | 193d | 170d | 193d |
| Days payable outstanding | 185d | 182d | 165d | 176d | 180d | 163d | 180d | 184d | 169d | 184d |
| Cash conversion cycle | 12d | 20d | 15d | 16d | 23d | 15d | 15d | 28d | 18d | 30d |
| Valuation | ||||||||||
| P / E | 212.7x | 131.4x | 111.3x | 155.8x | 143.8x | 122.6x | 266.5x | 961.2x | 54.7x | 194.4x |
| P / B | 9.6x | 8.4x | 8.7x | 8.7x | 7.5x | 6.6x | 1.8x | 1.9x | 1.8x | 1.7x |
| P / S | 5.8x | 4.5x | 4.4x | 4.9x | 3.9x | 3.3x | 1.0x | 0.9x | 0.9x | 0.9x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.5% | 5.8% | 4.8% | 6.0% | 5.5% | 4.8% | 7.6% | 5.2% | 5.7% | 2.4% |
| Revenue CAGR (3y) | 5.4% | 5.5% | 5.1% | 5.3% | 6.5% | 6.3% | 4.2% | 6.1% | 5.5% | 4.5% |
| Revenue CAGR (5y) | 4.2% | 5.9% | 5.2% | 5.4% | 5.8% | 5.4% | 4.4% | 5.2% | 4.8% | 3.8% |
| Gross profit growth (YoY) | 3.1% | 6.0% | 5.0% | 8.3% | 6.6% | 6.9% | 6.6% | 6.5% | 7.5% | -0.9% |
| Operating income growth (YoY) | 4.3% | -0.2% | -8.2% | 9.6% | 8.2% | 8.5% | 17.3% | 130.1% | 6.7% | -23.0% |
| Net income growth (YoY) | -12.1% | 34.2% | 56.1% | 205.1% | 910.4% | -43.0% | -18.5% | - | 53.3% | -24.8% |
| EPS growth (YoY) | -11.1% | 35.1% | 57.1% | 204.8% | 905.9% | -42.5% | -16.2% | - | -48.2% | -74.6% |
| EPS CAGR (3y) | 31.4% | - | -22.4% | -13.4% | -19.9% | -28.3% | -47.1% | -68.4% | -24.6% | -43.0% |
| EPS CAGR (5y) | -16.7% | -15.6% | -17.3% | -13.9% | -13.1% | -15.0% | -22.1% | -37.2% | - | -24.4% |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -39.5% | - | - | - | - | - | -42.8% | - | - | - |
| Book value growth (YoY) | 9.5% | 9.1% | 6.7% | 8.5% | 10.9% | 6.1% | 9.3% | 10.0% | 2.6% | -7.9% |
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%
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 |