Walmart Inc. (WMT)

Name: Walmart Inc. (WMT): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Walmart Inc. (WMT) reported revenue of $187.9 billion for Q2 FY2027, the quarter ended 31 July 2026, up 5.9% on the same quarter a year earlier. Net income was $6.4 billion, down 9.4% on the year, and diluted earnings per share $0.80. The figures are the company's own, from the 10-Q it filed with the SEC on 28 August 2026.

Revenue$187.9 billionup 5.9%

Net income$6.4 billiondown 9.4%

Diluted EPS$0.80

QuarterQ2 FY2027ended 31 July 2026

Ratios

From the filings

ROE22.5%

ROCE23.4%

Operating margin4.4%

Net margin3.0%

FCF margin1.8%

Interest cover17.36

Debt to equity0.41

Cash conversion1.94

Share count, 1 year-0.5%

Sales CAGR, 3 years5.3%

Profit CAGR, 3 years23.3%

EPS, TTM$2.76

At the close of 21 September 2026

Price$107.44

Market cap$852.4 billion

Stock P/E38.93

Price to book8.68

EV / EBITDA18.59

Dividend yield0.9%

Market cap / sales1.16

52-week high$134.20

52-week low$100.61

Price, 1 year5.0%

Price CAGR, 3 years25.7%

Price CAGR, 5 years17.7%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the total debt Walmart Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WMT

Filings	29 in twelve months: 15 current reports (8-K), about 6 officer or director change; 4 results of operations; 4 other events; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote
Planned insider sales	57 Form 144 notices in twelve months, $4.58 billion; latest 17 September 2026
Options tape	put/call 0.57 by open interest on 23 September 2026; the straddle prices a 2.0% move to 25 September 2026
Holders	14 of the followed funds hold it; largest Geode Capital Management; 1 Schedule 13D or 13G filing in twelve months
Insider trading	33 sales and 0 purchases on Form 4 in twelve months
Congress	2 House trades disclosed in six months
Short interest	85.3 million shares short, 2.55 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	160,804	173,388	161,508	169,335	169,588	180,554	165,609	177,402	179,496	190,656	177,751	187,937
Cost of revenue	121,183	131,825	121,431	126,810	127,340	136,172	124,303	132,771	134,706	143,615	133,058	138,804
Gross profit	39,621	41,563	40,077	42,525	42,248	44,382	41,306	44,631	44,790	47,041	44,693	49,133
Gross margin	25%	24%	25%	25%	25%	25%	25%	25%	25%	25%	25%	26%
SG&A	33,419	34,309	33,236	34,585	35,540	36,523	34,171	37,345	38,094	38,333	37,200	39,750
Operating income	6,202	7,254	6,841	7,940	6,708	7,859	7,135	7,286	6,696	8,708	7,493	9,383
Operating margin	4%	4%	4%	5%	4%	4%	4%	4%	4%	5%	4%	5%
Interest expense	572	576	597	557	496	599	519	651	563	585	574	137
Pre-tax income	915	7,518	7,035	6,213	6,098	6,963	5,994	9,319	8,186	5,970	7,148	8,012
Tax rate	30%	24%	25%	24%	23%	22%	23%	23%	26%	26%	23%	19%
Net income	453	5,494	5,104	4,501	4,577	5,254	4,487	7,026	6,143	4,237	5,330	6,366
Net margin	0%	3%	3%	3%	3%	3%	3%	4%	3%	2%	3%	3%
Diluted EPS	$0.17	n/a	$0.63	$0.56	$0.57	$0.65	$0.56	$0.88	$0.77	$0.52	$0.67	$0.80
Operating cash flow	813	16,712	4,249	12,108	6,561	13,525	5,411	12,941	9,100	14,113	4,738	14,972
Capital expenditure	5,458	5,932	4,676	5,831	6,189	7,087	4,986	6,423	7,218	8,015	6,684	7,497
Free cash flow	-4,645	10,780	-427	6,277	372	6,438	425	6,518	1,882	6,098	-1,946	7,475
Buybacks	111	1,497	1,059	1,013	977	1,445	4,555	1,645	808	1,080	2,080	3,024
Dividends paid	1,534	1,534	1,671	1,665	1,668	1,684	1,880	1,875	1,875	1,877	1,972	1,973
Shares outstanding	2,692m	8,058m	8,044m	8,038m	8,033m	8,017m	7,980m	7,973m	7,970m	7,972m	7,958m	7,934m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	TTM
Revenue	485,651	482,130	485,873	500,343	514,405	523,964	559,151	572,754	611,289	648,125	680,985	713,163	735,840
Cost of revenue	365,086	360,984	361,256	373,396	385,301	394,605	420,315	429,000	463,721	490,142	511,753	535,395	550,183
Gross profit	120,565	121,146	124,617	126,947	129,104	129,359	138,836	143,754	147,568	157,983	169,232	177,768	185,657
Gross margin	24.8%	25.1%	25.6%	25.4%	25.1%	24.7%	24.8%	25.1%	24.1%	24.4%	24.9%	24.9%	25.2%
Selling, general and administrative	93,418	97,041	101,853	106,510	107,147	108,791	116,288	117,812	127,140	130,971	139,884	147,943	153,377
Operating income	27,147	24,105	22,764	20,437	21,957	20,568	22,548	25,942	20,428	27,012	29,348	29,825	32,280
Operating margin	5.6%	5.0%	4.7%	4.1%	4.3%	3.9%	4.0%	4.5%	3.3%	4.2%	4.3%	4.2%	4.4%
Interest expense	2,161	2,027	2,044	1,978	1,975	2,262	1,976	1,674	1,787	2,259	2,249	2,318	1,859
Pre-tax income	24,799	21,638	20,497	15,123	11,460	20,116	20,564	18,696	17,016	21,848	26,309	29,469	29,316
Income tax	7,985	6,558	6,204	4,600	4,281	4,915	6,858	4,756	5,724	5,578	6,152	7,199	6,817
Effective tax rate	32.2%	30.3%	30.3%	30.4%	37.4%	24.4%	33.3%	25.4%	33.6%	25.5%	23.4%	24.4%	23.3%
Net income	16,363	14,694	13,643	9,862	6,670	14,881	13,510	13,673	11,680	15,511	19,436	21,893	22,076
Net margin	3.4%	3.0%	2.8%	2.0%	1.3%	2.8%	2.4%	2.4%	1.9%	2.4%	2.9%	3.1%	3.0%
Diluted EPS	$5.05	$4.57	$4.38	$3.28	$2.26	$5.19	$4.75	$4.87	$4.27	$1.91	$2.41	$2.73	$2.76
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	TTM
Operating cash flow	28,564	27,552	31,673	28,337	27,753	25,255	36,074	24,181	28,841	35,726	36,443	41,565	42,923
Capital expenditure	12,174	11,477	10,619	10,051	10,344	10,705	10,264	13,106	16,857	20,606	23,783	26,642	29,414
Free cash flow	16,390	16,075	21,054	18,286	17,409	14,550	25,810	11,075	11,984	15,120	12,660	14,923	13,509
Free cash flow margin	3.4%	3.3%	4.3%	3.7%	3.4%	2.8%	4.6%	1.9%	2.0%	2.3%	1.9%	2.1%	1.8%
Depreciation and amortisation	9,173	9,454	10,080	10,529	10,678	10,987	11,152	10,658	10,945	11,853	12,973	14,203	15,093
Share-based compensation	462	448	596	626	773	854	1,169	1,163	1,578	2,093	2,769	3,603	n/a
Buybacks	1,015	4,112	8,298	8,296	7,410	5,717	2,625	9,787	9,920	2,779	4,494	8,088	6,992
Dividends paid	6,185	6,294	6,216	6,124	6,102	6,048	6,116	6,152	6,114	6,140	6,688	7,507	7,697
Dividend per share	$1.92	$1.96	$2.00	$2.04	$2.08	$2.12	$2.16	$2.20	$2.24	$0.76	$0.83	$0.94	n/a
Diluted shares, weighted	3,243m	3,217m	3,112m	3,010m	2,945m	2,868m	2,847m	2,805m	2,734m	8,108m	8,081m	8,022m	7,978m
Shares outstanding at period end	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	7,934m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	TTM
Total assets	203,706	199,581	198,825	204,522	219,295	236,495	252,496	244,860	243,197	252,399	260,823	284,668	293,914
Cash and equivalents	9,135	8,705	6,867	6,756	7,722	9,465	17,741	14,760	8,625	9,867	9,037	10,727	11,529
Receivables	6,778	5,624	5,835	5,614	6,283	6,284	6,516	8,280	7,933	8,796	9,975	11,172	11,075
Inventory	45,141	44,469	43,046	43,783	44,269	44,435	44,949	56,511	56,576	54,892	56,435	58,851	61,600
Goodwill	18,102	16,695	17,037	18,242	31,181	31,073	28,983	29,014	28,174	28,113	28,792	28,735	28,260
Total debt, as filed	45,680	40,959	38,271	33,783	45,396	49,076	44,309	37,667	38,840	39,579	35,999	38,166	39,932
Long-term debt	45,680	40,959	38,271	33,783	45,396	49,076	44,309	37,667	38,840	39,579	35,999	38,166	36,462
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	16,171	12,909	13,009	12,828	12,943	12,825	13,941	14,798
Finance lease liabilities	n/a	n/a	n/a	n/a	0.0	4,307	3,847	4,243	4,843	5,709	5,923	5,905	5,952
Shareholders' equity	81,394	80,546	77,798	77,869	72,496	74,669	80,925	83,253	76,693	83,861	91,013	99,617	98,238
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	4.0%	5.0%	5.3%	6.2%
Profit growth, compounded	4.1%	10.1%	23.3%	3.4%
Return on equity, average	17.0%	18.7%	20.6%	22.0%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Retail-Variety Stores

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Walmart Inc. WMT	$852.4 billion	38.93	22.5%	4.4%	6.2%	0.41	0.9%
Costco Wholesale Corp. COST	$398.5 billion	45.20	26.4%	3.8%	9.2%	0.17	0.6%
Target Corp. TGT	$71.6 billion	16.38	24.6%	5.6%	2.0%	0.80	2.9%
Dollar General Corp. DG	$26.9 billion	15.85	18.3%	5.6%	4.8%	0.49	1.9%
Dollar Tree, Inc. DLTR	$21.1 billion	13.77	47.1%	11.0%	-7.8%	0.86	n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	31 July 2026	28 August 2026	EDGAR
10-Q	30 April 2026	29 May 2026	EDGAR
10-K	31 January 2026	13 March 2026	EDGAR
10-Q	31 October 2025	3 December 2025	EDGAR
10-Q	31 July 2025	29 August 2025	EDGAR
10-Q	30 April 2025	6 June 2025	EDGAR
10-K	31 January 2025	14 March 2025	EDGAR
10-Q	31 October 2024	6 December 2024	EDGAR
10-Q	31 July 2024	30 August 2024	EDGAR
10-Q	30 April 2024	7 June 2024	EDGAR

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