Financials · WMT

Walmart Inc. (WMT) financials

For the twelve months ended Jul 31, 2026, Walmart Inc. reported $735.84B of revenue and $22.08B of net income.

Revenue, TTM
$735.84B
Revenue growth, YoY
+6.2%
Net income, TTM
$22.08B
Net income growth, YoY
+3.4%
Net margin
3.0%
Free cash flow, TTM
$13.51B
EPS, diluted, TTM
$2.76
EPS growth, YoY
+3.8%
Cash
$11.53B
Total debt
$39.93B
P/E
45.11
P/S
1.35
Market cap
$995.84B
Annual revenue$713.16B
FY2017FY2026
Annual net income$21.89B
FY2017FY2026
Annual free cash flow$14.92B
FY2017FY2026

WMT revenue and earnings growth

WMT revenueQ2 2027$187.94B

Quarter YoY
+5.9%
QoQ
+5.7%
FY YoY
+4.7%
5Y CAGR
+5.0%
10Y CAGR
+4.0%

WMT revenue was $187.94B in fiscal Q2 2027 (ended Jul 31, 2026), up 5.9% from a year earlier and up 5.7% from the prior quarter. For the full fiscal 2026 it was $713.16B, up 4.7% from fiscal 2025. Compound annual growth was +5.0% over 5 years and +4.0% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

WMT net incomeQ2 2027$6.37B

Quarter YoY
-9.4%
QoQ
+19.4%
FY YoY
+12.6%
5Y CAGR
+10.1%
10Y CAGR
+4.1%

WMT net income was $6.37B in fiscal Q2 2027 (ended Jul 31, 2026), down 9.4% from a year earlier and up 19.4% from the prior quarter. For the full fiscal 2026 it was $21.89B, up 12.6% from fiscal 2025. Compound annual growth was +10.1% over 5 years and +4.1% over 10 years. It rose in 5 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

WMT EPSQ2 2027$0.80

Quarter YoY
-9.1%
QoQ
+19.4%
FY YoY
+13.3%
5Y CAGR
+11.5%
10Y CAGR
+6.0%

WMT diluted EPS was $0.80 in fiscal Q2 2027 (ended Jul 31, 2026), down 9.1% from a year earlier and up 19.4% from the prior quarter. For the full fiscal 2026 it was $2.73, up 13.3% from fiscal 2025. Compound annual growth was +11.5% over 5 years and +6.0% over 10 years.

WMT free cash flowQ2 2027$7.47B

Quarter YoY
+14.7%
FY YoY
+17.9%
5Y CAGR
-10.4%
10Y CAGR
-0.7%

WMT free cash flow was $7.47B in fiscal Q2 2027 (ended Jul 31, 2026), up 14.7% from a year earlier. For the full fiscal 2026 it was $14.92B, up 17.9% from fiscal 2025. Compound annual growth was -10.4% over 5 years and -0.7% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Revenue$713.16B$680.99B$648.13B$611.29B$572.75B$559.15B$523.96B$514.40B$500.34B$485.87B
Cost of revenue$535.39B$511.75B$490.14B$463.72B$429.00B$420.31B$394.61B$385.30B$373.40B$361.26B
Gross profit$177.77B$169.23B$157.98B$147.57B$143.75B$138.84B$129.36B$129.10B$126.95B$124.62B
Selling, general and admin$147.94B$139.88B$130.97B$127.14B$117.81B$116.29B$108.79B$107.15B$106.51B$101.85B
Operating income$29.82B$29.35B$27.01B$20.43B$25.94B$22.55B$20.57B$21.96B$20.44B$22.76B
Pre-tax income$29.47B$26.31B$21.85B$17.02B$18.70B$20.56B$20.12B$11.46B$15.12B$20.50B
Income tax$7.20B$6.15B$5.58B$5.72B$4.76B$6.86B$4.92B$4.28B$4.60B$6.20B
Net income$21.89B$19.44B$15.51B$11.68B$13.67B$13.51B$14.88B$6.67B$9.86B$13.64B
EPS, basic$2.74$2.42$1.92$1.43$1.63$1.59$1.74$0.76$1.10$1.47
EPS, diluted$2.73$2.41$1.91$1.42$1.62$1.58$1.73$0.75$1.09$1.46
Diluted shares8.02B8.08B8.11B8.20B8.41B8.54B8.60B8.84B9.03B9.34B

Balance sheet

Balance sheet
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Cash and equivalents$10.73B$9.54B$9.94B$8.84B$14.83B$17.79B$9.52B$7.76B$7.01B$7.14B
Receivables$11.17B$9.97B$8.80B$7.93B$8.28B$6.52B$6.28B$6.28B$5.61B$5.83B
Inventory$58.85B$56.44B$54.89B$56.58B$56.51B$44.95B$44.44B$44.27B$43.78B$43.05B
Current assets$84.87B$79.46B$76.88B$75.66B$81.07B$90.07B$61.81B$61.90B$59.66B$57.69B
Goodwill$28.73B$28.79B$28.11B$28.17B$29.01B$28.98B$31.07B$31.18B$18.24B$17.04B
Total assets$284.67B$260.82B$252.40B$243.20B$244.86B$252.50B$236.50B$219.29B$204.52B$198.82B
Current liabilities$107.47B$96.58B$92.42B$92.20B$87.38B$92.64B$77.79B$77.48B$78.52B$66.93B
Short-term debt$3.54B$2.60B$3.45B$4.19B$2.80B$3.12B$5.36B$1.88B$3.74B$2.26B
Long-term debt$34.62B$33.40B$36.13B$34.65B$34.86B$41.19B$43.71B$43.52B$30.05B$36.02B
Total debt$38.17B$36.00B$39.58B$38.84B$37.67B$44.31B$49.08B$45.40B$33.78B$38.27B
Total liabilities$178.78B$163.40B$162.05B$159.44B$152.97B$164.97B$154.94B$139.66B$123.70B$118.29B
Shareholders' equity$99.62B$97.42B$90.35B$83.75B$91.89B$87.53B$81.55B$79.63B$80.82B$80.53B

Cash flow

Cash flow
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Operating cash flow$41.56B$36.44B$35.73B$28.84B$24.18B$36.07B$25.25B$27.75B$28.34B$31.67B
Capital expenditures$26.64B$23.78B$20.61B$16.86B$13.11B$10.26B$10.71B$10.34B$10.05B$10.62B
Free cash flow$14.92B$12.66B$15.12B$11.98B$11.07B$25.81B$14.55B$17.41B$18.29B$21.05B
Investing cash flow-$26.35B-$21.38B-$21.29B-$17.72B-$6.01B-$10.07B-$9.13B-$24.04B-$9.08B-$13.90B
Financing cash flow-$13.55B-$14.82B-$13.41B-$17.04B-$22.83B-$16.12B-$14.30B-$2.54B-$19.88B-$19.07B
Dividends paid$7.51B$6.69B$6.14B$6.11B$6.15B$6.12B$6.05B$6.10B$6.12B$6.22B
Share repurchases$8.09B$4.49B$2.78B$9.92B$9.79B$2.63B$5.72B$7.41B$8.30B$8.30B
Depreciation and amortization$14.20B$12.97B$11.85B$10.95B$10.66B$11.15B$10.99B$10.68B$10.53B$10.08B

Key ratios

Key ratios
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Revenue growth, YoY4.7%5.1%6.0%6.7%2.4%6.7%1.9%2.8%3.0%0.8%
Net income growth, YoY12.6%25.3%32.8%-14.6%1.2%-9.2%123.1%-32.4%-27.7%-7.2%
EPS growth, YoY13.3%26.2%34.5%-12.3%2.3%-8.5%129.6%-31.1%-25.1%-4.2%
Gross margin24.9%24.9%24.4%24.1%25.1%24.8%24.7%25.1%25.4%25.6%
Operating margin4.2%4.3%4.2%3.3%4.5%4.0%3.9%4.3%4.1%4.7%
Net margin3.1%2.9%2.4%1.9%2.4%2.4%2.8%1.3%2.0%2.8%
Free cash flow margin2.1%1.9%2.3%2.0%1.9%4.6%2.8%3.4%3.7%4.3%
Return on equity22.0%20.0%17.2%13.9%14.9%15.4%18.2%8.4%12.2%16.9%
Return on assets7.7%7.5%6.1%4.8%5.6%5.4%6.3%3.0%4.8%6.9%
Current ratio0.790.820.830.820.930.970.790.800.760.86
Debt to equity0.380.370.440.460.410.510.600.570.420.48

Source: XBRL data Walmart Inc. files with the SEC, latest filing dated Aug 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 3-for-1, first reported Mar 15, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WMT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WMT$735.84B+6.2%$22.08B3.0%$995.84B
COST$303.15B+10.1%$9.23B3.0%$466.86B
TGT$107.70B+2.0%$4.39B4.1%$71.97B
DG$43.64B+4.8%$1.70B3.9%$29.51B
DLTR$20.07B+8.2%$1.61B8.0%$24.61B
BURL$12.22B+10.9%$714.18M5.8%$15.50B
BJ$22.81B+9.1%$594.50M2.6%$13.82B
FIVE$5.31B+25.6%$619.18M11.7%$13.23B
M$22.78B+0.3%$750.00M3.3%$6.03B

WMT FAQ

9 questions
  • What is WMT revenue?
    Walmart Inc. (WMT) reported $735.84B of revenue for the twelve months ended Jul 31, 2026. That is up 6.2% from the year before. Revenue for fiscal 2026 was $713.16B.
  • Is WMT profitable?
    Yes. Walmart Inc. earned $22.08B in net income for the twelve months ended Jul 31, 2026, a net margin of 3.0%.
  • How much cash and debt does WMT have?
    Walmart Inc. reported $11.53B in cash and cash equivalents and $39.93B of debt on its most recent balance sheet in SEC filings.
  • How fast is WMT revenue growing?
    Walmart Inc.'s revenue changed +4.7% in fiscal 2026, to $713.16B. Its compound annual growth rate was +5.0% over 5 years and +4.0% over 10 years.
  • What is WMT gross margin?
    Walmart Inc.'s gross profit was $185.66B on $735.84B of revenue for the twelve months ended Jul 31, 2026, a gross margin of 25.2%.
  • What is WMT free cash flow?
    Walmart Inc. generated $13.51B of free cash flow for the twelve months ended Jul 31, 2026, which is operating cash flow of $42.92B less capital expenditures.
  • What is WMT earnings per share?
    Diluted earnings per share were $2.76 for the twelve months ended Jul 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did WMT last report financial results?
    The latest statements here come from Walmart Inc.'s 10-Q filed on Aug 28, 2026, covering the period ended Jul 31, 2026.
  • Where does this WMT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Walmart Inc. files with the SEC. It is provided for information only and is not investment advice.