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Stock research / United States / WMT · Retail-Variety Stores · Nasdaq

Walmart Inc. (WMT)

Walmart sells groceries and general merchandise through stores and online, in 19 countries. Each week it serves about 280 million customers across more than 10,900 stores and its websites and apps. It employs about 2.1 million people. Its pricing method has a name and a rule behind it: everyday low prices, meaning items are priced low all the time rather than moved up and down by promotions.

Walmart Inc.

Walmart sells groceries and general merchandise through stores and online, in 19 countries. Each week it serves about 280 million customers across more than 10,900 stores and its websites and apps. It employs about 2.1 million people. Its pricing method has a name and a rule behind it: everyday low prices, meaning items are priced low all the time rather than moved up and down by promotions.

Where it came from

The business began in 1945, when Sam M. Walton opened a franchised Ben Franklin variety store in Newport, Arkansas; his brother James opened one in Versailles, Missouri the year after. It ran variety stores only until 1962, when the first discount stores opened. The company listed in 1970. The first Sam's Club opened in 1983, the first supercenter in 1988, the first Walmart Neighborhood Market in 1998. The first move abroad was a joint venture in Mexico in 1991. walmart.com and samsclub.com were created in 1996, and in 2007 walmart.com added Site-to-Store, letting a customer buy online and collect in a shop. In 2018 the company bought majority stakes in Flipkart and PhonePe in India. Its head office is in Bentonville, Arkansas.

Walmart U.S.

The largest segment, and a mass merchandiser: 4,611 stores across all 50 states, Washington D.C. and Puerto Rico, trading as Walmart and Walmart Neighborhood Market, plus walmart.com and the app. The goods divide three ways. Grocery is a full line, from dry grocery and fresh through to drinks, and the consumables beside them: health and beauty, pet supplies, household chemicals, paper goods and baby products. General merchandise splits into entertainment, hardlines, fashion and home. Health and wellness is the pharmacy, over-the-counter medicines and other medical products, and optical.

Branded goods are a large part of what it sells, and beside them sit the company's own labels, among them Great Value, Equate, Mainstays, Ozark Trail, George, Parent's Choice, Spring Valley, Marketside, Hyper Tough and onn., along with licensed names such as Better Homes & Gardens and The Pioneer Woman. Around the retailing sit other lines: advertising sold to brands and to marketplace sellers, supply chain and fulfilment sold to those same sellers, data and insight sold to suppliers, fuel, and financial services including money orders, prepaid access, money transfers, cheque cashing, bill payment and some instalment lending.

Walmart International

5,743 stores across 18 countries, run through wholly-owned subsidiaries in Canada, Chile, China and Africa, and majority-owned subsidiaries in India, Mexico and Central America. The formats divide into retail and wholesale, and include supercenters, supermarkets, warehouse clubs including the Sam's Club format, and cash and carry, alongside e-commerce sites and apps: walmart.com.mx, walmart.ca, flipkart.com, PhonePe, samclub.cn and others.

Sam's Club U.S.

A membership-only warehouse club: 601 clubs across 44 states and Puerto Rico, plus samsclub.com and the Sam's Club app. Because entry is by membership, the fee income is a meaningful part of what the segment earns. There are two tiers: Club membership at $50 a year and Plus membership at $110. Members get club-fulfilled kerbside pickup and delivery, and Scan & Go, which lets them check out and pay on a phone.

Selling online out of the shops

The company describes its model as omnichannel, meaning the stores and the websites are run as one thing rather than two. Nearly all Walmart U.S. stores offer same-day pickup and delivery, including delivery into the home and digital pharmacy fulfilment. Pickup or delivery is available from over 8,400 locations globally, which is the store and club estate being used as a delivery network. Walmart+ is the paid membership on the retail side, carrying unlimited free shipping on eligible items with no minimum order, delivery from store, fuel discounts, Scan & Go and other benefits.

Supply runs through a global chain of United States and international suppliers, and where goods are perishable the company often buys from producers near the stores selling them. It says the scale and certainty of those arrangements are what earn it the buying prices it gets.

From Walmart's annual report on Form 10-K for the year ended 31 January 2026. The filing

Compare with another name What $10,000 in Walmart became

Next results: expected around 19 Nov 2026, last year 20 Nov 2025. Earnings calendar

Latest results

Latest quarterQ2 FY2027ended 31 July 2026 · 10-Q filed 28 August 2026
Revenue
$187.9 billion
+5.9% on the year · +5.7% on the quarter
Q3 FY2025Q2 FY2027
Net income
$6.4 billion
-9.4% on the year · +19.4% on the quarter
Q3 FY2025Q2 FY2027
Diluted EPS
$0.80
-9.1% on the year · +19.4% on the quarter
Q3 FY2025Q2 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q2 FY2027 results →the 10-Q on EDGAR ↗
Last full yearFY2026ended 31 January 2026 · 10-K filed 13 March 2026
Revenue
$713.2 billion
+4.7% on the year
FY2019FY2026
Net income
$21.9 billion
+12.6% on the year
FY2019FY2026
Diluted EPS
$2.73
+13.3% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The years before, in wordsWalmart (WMT) reported revenue of $713.2 billion for fiscal 2026, the year ended 31 January 2026, up 4.7% on the year before. Net income was $21.9 billion and diluted earnings per share $2.73. Revenue was $681.0 billion in fiscal 2025, $648.1 billion in fiscal 2024, $611.3 billion in fiscal 2023 and $572.8 billion in fiscal 2022. Net income in the same years was $19.4 billion, $15.5 billion, $11.7 billion and $13.7 billion. Over the twelve months to 31 July 2026, Walmart reported revenue of $735.8 billion and net income of $22.1 billion. Revenue grew 5.0% a year, compounded, over the five years to fiscal 2026. Walmart declared $0.94 a share in dividends over the last four quarters and had 7.93 billion shares outstanding at the latest filed count. At 31 July 2026 it carried $50.4 billion of debt and $11.5 billion of cash. At the close of 6 November 2026 the market cap of Walmart was $995.5 billion, 45.3 times its earnings over the last twelve months.
Read the FY2026 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE22.5%
ROCE21.7%
Operating margin4.4%
Net margin3.0%
FCF margin1.8%
Interest cover17.4x
Debt to equity0.51x
Cash conversion1.94x
Share count, last 12 months-0.5%
Sales CAGR, 3 years5.3%
Profit CAGR, 3 years23.3%
EPS, TTM$2.77

At the close of 6 November 2026

Price$125.47
Market cap$995.5 billion
Stock P/E45.3x
Price to book10.1x
EV / EBITDA21.8x
Dividend yield0.7%
Market cap / sales1.4x
52-week high$134.20
52-week low$100.61
Price, 1 year23.4%
Price CAGR, 3 years31.5%
Price CAGR, 5 years20.2%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Walmart Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
WMTgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. 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. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue140,525152,871141,569152,859152,813164,048152,301161,632160,804173,388161,508169,335169,588180,554165,609177,402179,496190,656177,751187,937
Cost of revenue105,023115,522106,847115,838115,613125,423115,284121,850121,183131,825121,431126,810127,340136,172124,303132,771134,706143,615133,058138,804
Gross profit35,50237,34934,72237,02137,20038,62537,01739,78239,62141,56340,07742,52542,24844,38241,30644,63144,79047,04144,69349,133
Gross margin25%24%25%24%24%24%24%25%25%24%25%25%25%25%25%25%25%25%25%26%
SG&A29,71031,46229,40430,16734,50533,06430,77732,46633,41934,30933,23634,58535,54036,52334,17137,34538,09438,33337,20039,750
Operating income5,7925,8875,3186,8542,6955,5616,2407,3166,2027,2546,8417,9406,7087,8597,1357,2866,6968,7087,4939,383
Operating margin4%4%4%4%2%3%4%5%4%4%4%5%4%4%4%4%4%5%4%5%
Interest expense408348372395499521568543572576597557496599519651563585574137
Pre-tax income4,1474,7822,9016,644-1,4318,9022,68810,7279157,5187,0356,2136,0986,9635,9949,3198,1865,9707,1488,012
Tax rate24%24%28%23%n/a35%29%25%30%24%25%24%23%22%23%23%26%26%23%19%
Net income3,1053,5622,0545,149-1,7986,2751,6737,8914535,4945,1044,5014,5775,2544,4877,0266,1434,2375,3306,366
Net margin2%2%1%3%-1%4%1%5%0%3%3%3%3%3%3%4%3%2%3%3%
Diluted EPS$0.37$0.42$0.25$0.63-$0.22$0.77$0.21$0.97$0.06$0.68$0.63$0.56$0.57$0.65$0.56$0.88$0.77$0.53$0.67$0.80
Operating cash flow3,8687,890-3,75812,9986,45813,1434,63313,56881316,7124,24912,1086,56113,5255,41112,9419,10014,1134,73814,972
Capital expenditure3,5694,5183,5393,9534,5694,7964,4294,7875,4585,9324,6765,8316,1897,0874,9866,4237,2188,0156,6847,497
Free cash flow2993,372-7,2979,0451,8898,3472048,781-4,64510,780-4276,2773726,4384256,5181,8826,098-1,9467,475
Buybacks2,1682,4192,4083,3392,9611,2126864851111,4971,0591,0139771,4454,5551,6458081,0802,0803,024
Dividends paid1,5361,5251,5431,5381,5191,5141,5381,5341,5341,5341,6711,6651,6681,6841,8801,8751,8751,8771,9721,973
Shares outstanding8,322m8,255m8,223m8,143m8,090m8,087m8,079m8,075m8,077m8,058m8,044m8,038m8,033m8,017m7,980m7,973m7,970m7,972m7,958m7,934m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. 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.

Income statement (profit and loss)

FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Revenue377,023404,374408,214421,849446,950469,162476,294485,651482,130485,873500,343514,405523,964559,151572,754611,289648,125680,985713,163735,840
Cost of revenue284,137304,056304,657315,287335,127352,488358,069365,086360,984361,256373,396385,301394,605420,315429,000463,721490,142511,753535,395550,183
Gross profit92,886100,318103,557106,562111,823116,674118,225120,565121,146124,617126,947129,104129,359138,836143,754147,568157,983169,232177,768185,657
Gross margin24.6%24.8%25.4%25.3%25.0%24.9%24.8%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 administrative70,93477,52079,97781,36185,02588,62991,35393,41897,041101,853106,510107,147108,791116,288117,812127,140130,971139,884147,943153,377
Operating income21,95222,79824,00225,54226,49127,72526,87227,14724,10522,76420,43721,95720,56822,54825,94220,42827,01229,34829,82532,280
Operating margin5.8%5.6%5.9%6.1%5.9%5.9%5.6%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 expense1,8631,8961,7871,9282,0341,9772,0722,1612,0272,0441,9781,9752,2621,9761,6741,7872,2592,2492,3181,859
Pre-tax income20,15820,89822,11823,53824,33225,66224,65624,79921,63820,49715,12311,46020,11620,56418,69617,01621,84826,30929,46929,316
Income tax6,889-7,1337,1567,5797,9247,9588,1057,9856,5586,2044,6004,2814,9156,8584,7565,7245,5786,1527,1996,817
Effective tax rate34.2%-34.1%32.4%32.2%32.6%31.0%32.9%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 income12,73113,40014,37016,38915,69916,99916,02216,36314,69413,6439,8626,67014,88113,51013,67311,68015,51119,43621,89322,076
Net margin3.4%3.3%3.5%3.9%3.5%3.6%3.4%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$1.04$1.13$1.23$1.49$1.51$1.67$1.63$1.68$1.52$1.46$1.09$0.75$1.73$1.58$1.62$1.42$1.91$2.41$2.73$2.77
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree 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.

Revenue by segment FY2010 to FY2026

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
Walmart U.S.259,919260,261264,186274,433279,406288,049298,378307,833318,477331,666341,004369,963393,247422,398443,802465,009485,59968.1%
Walmart International97,407109,232125,435134,748136,513136,160123,408116,119118,068120,824120,130121,360100,959102,604116,049123,363131,98818.5%
Sam's Club U.S.n/an/an/an/an/an/an/an/an/an/an/an/an/a86,25388,23092,56195,54013.4%
Corporate and supportn/an/a00000000000n/an/an/an/an/a
Sam's Club47,80649,45953,79556,42357,15758,02056,82857,36559,21657,83958,79263,91073,556n/an/an/an/an/a
Other Unallocatedn/a0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Walmart U.S.Walmart InternationalSam's Club U.S. FY2023 to FY2026Sam's Club FY2010 to FY2022
419.0FY2011473.1FY2014481.3FY2017519.9FY2020611.3FY2023713.1FY2026

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Other Unallocated is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2010 to FY2026

The operating profit each segment reports. Costs Walmart does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Margin
FY2026
Walmart U.S.19,31419,94120,38121,10321,78721,33619,08717,01216,99517,38617,38019,11621,58720,62022,15423,88225,1585.2%
Walmart International4,9015,5756,1136,3655,1536,1715,3465,7375,2294,8833,3703,6603,7582,9654,9095,5015,1033.9%
Sam's Club U.S.n/an/an/an/an/an/an/an/an/an/an/an/an/a1,9642,1922,4042,4422.6%
Corporate and supportn/an/a-1,847-1,602-1,911-2,336-2,148-1,613-2,702-1,832-1,824-2,134-1,662n/an/an/an/an/a
Sam's Club1,5151,6951,8441,8591,8431,9761,8201,6289151,5201,6421,9062,259n/an/an/an/an/a
Walmart U.S.Walmart InternationalSam's Club U.S. FY2023 to FY2026Sam's Club FY2010 to FY2022Corporate and support FY2012 to FY2022
27.2FY201126.9FY201422.8FY201720.6FY202025.5FY202332.7FY2026

$ billion; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2026Share of salesShare of profit
Walmart U.S.68%77%
Walmart International19%16%
Sam's Club U.S.13%7%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2012 to FY2026

FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
United States319,800332,788338,681348,227357,559367,784380,580392,265402,532436,649470,295508,685532,076557,622581,17581.5%
Non-U.S. operationsn/an/an/an/an/an/an/an/an/an/an/a102,604116,049123,363131,98818.5%
Walmart International126,709135,863137,613137,424124,571118,089119,763122,140121,432122,502102,459n/an/an/an/an/a
United StatesNon-U.S. operations FY2023 to FY2026Walmart International FY2012 to FY2022
446.5FY2012476.3FY2014482.1FY2016500.3FY2018524.0FY2020572.8FY2022648.1FY2024713.2FY2026

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow20,64223,14726,24923,64324,25525,59123,25728,56427,55231,67328,33727,75325,25536,07424,18128,84135,72636,44341,56542,923
Capital expenditure14,93711,49912,18412,69913,51012,89813,11512,17411,47710,61910,05110,34410,70510,26413,10616,85720,60623,78326,64229,414
Free cash flow5,70511,64814,06510,94410,74512,69310,14216,39016,07521,05418,28617,40914,55025,81011,07511,98415,12012,66014,92313,509
Free cash flow margin1.5%2.9%3.4%2.6%2.4%2.7%2.1%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%
Cash from investing-15,670-10,742-11,620-12,193-16,609-12,637-12,526-11,125-10,675-13,896-9,079-24,036-9,128-10,071-6,015-17,722-21,287-21,379-26,350-29,415
Cash from financing-7,422-9,918-14,191-12,028-8,458-11,946-10,789-15,071-16,285-19,072-19,875-2,537-14,299-16,117-22,828-17,039-13,414-14,822-13,553-11,402
Depreciation and amortisation6,3176,7397,1577,6418,1308,4788,8709,1739,45410,08010,52910,67810,98711,15210,65810,94511,85312,97314,20315,093
Share-based compensationn/an/an/a3713553783884624485966267738541,1691,1631,5782,0932,7693,603n/a
Buybacks7,6913,5217,27614,7766,2987,6006,6831,0154,1128,2988,2967,4105,7172,6259,7879,9202,7794,4948,0886,992
Dividends paid3,5863,7464,2174,4375,0485,3616,1396,1856,2946,2166,1246,1026,0486,1166,1526,1146,1406,6887,5077,697
Dividend per share$0.29$0.32$0.36$0.40$0.49$0.53$0.63$0.64$0.65$0.67$0.68$0.69$0.71$0.72$0.73$0.75$0.76$0.83$0.94n/a
Diluted shares, weighted12,216m11,853m11,631m11,010m10,422m10,167m9,849m9,729m9,651m9,336m9,030m8,835m8,604m8,541m8,415m8,202m8,108m8,081m8,022m7,978m
Shares outstanding at period endn/a11,775m11,358m10,548m10,254mn/an/an/an/an/an/an/an/an/an/an/an/an/an/a7,934m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe 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

FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity66,25065,28570,46868,54271,31576,34376,25581,39480,54677,79877,86972,49674,66980,92583,25376,69383,86191,01399,61798,238
Non-controlling interestn/a1,7942,1802,7054,4465,3955,0844,5433,0652,7372,9537,1386,8836,6068,6387,0616,4886,4086,2706,268
Redeemable equityn/an/an/a4084045191,4910.0n/an/an/an/an/an/a0.0237222271293293
Short-term borrowingsn/a1,506523n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Debtn/a37,19737,28146,37850,09250,78653,54447,27243,66739,37039,04050,62149,65144,53338,07739,21240,45739,06744,76250,411
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.016,17112,90913,00912,82812,94312,82513,94114,798
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.04,3073,8474,2434,8435,7095,9235,9055,952
Other liabilitiesn/a57,64760,25462,63067,14970,06268,37770,49772,30378,92084,66089,04084,814103,67697,640102,323102,719105,316113,880117,954
Total liabilities and equityn/a163,429170,706180,663193,406203,105204,751203,706199,581198,825204,522219,295236,495252,496244,860243,197252,399260,823284,668293,914
Owned
Fixed assetsn/a92,85699,544105,098109,603113,929115,364114,280110,171107,710107,675104,317105,20892,20194,515100,760110,810119,993136,083142,482
Goodwilln/a15,26016,12616,76320,65120,49719,51018,10216,69517,03718,24231,18131,07328,98329,01428,17428,11328,79228,73528,260
Cash and equivalentsn/a7,2757,9077,3956,5507,7817,2819,1358,7056,8676,7567,7229,46517,74114,7608,6259,8679,03710,72711,529
Receivablesn/a3,9054,1445,0895,9376,7686,6776,7785,6245,8355,6146,2836,2846,5168,2807,9338,7969,97511,17211,075
Inventoryn/a34,51132,71336,43740,71443,80344,85845,14144,46943,04643,78344,26944,43544,94956,51156,57654,89256,43558,85161,600
Other assetsn/a9,62210,2729,8819,95110,32711,06110,27013,91718,33022,45225,52340,03062,10641,78041,12939,92136,59139,10038,968
Total assetsn/a163,429170,706180,663193,406203,105204,751203,706199,581198,825204,522219,295236,495252,496244,860243,197252,399260,823284,668293,914
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.0%5.0%5.3%6.2%
Profit growth, compounded4.1%10.1%23.3%3.4%
Return on equity, average17.0%18.7%20.6%22.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn 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.

Questions

When does Walmart report its next earnings?

Walmart is expected to report its next results around 19 Nov 2026, the same weekday a year after it reported the same quarter last year on 20 Nov 2025. No day set by the company is on record yet.

What was Walmart's revenue in fiscal 2026?

Walmart (WMT) reported revenue of $713.2 billion for fiscal 2026, the year ended 31 January 2026, up 4.7% on the year before.

How much did Walmart earn in fiscal 2026?

Net income was $21.9 billion for fiscal 2026, and diluted earnings per share $2.73.

What is Walmart's P/E ratio?

At the close of 6 November 2026, Walmart traded at 45.3 times its earnings over the twelve months to 31 July 2026.

What is Walmart's market cap?

The market cap of Walmart was $995.5 billion at the close of 6 November 2026.

Does Walmart pay a dividend?

Yes. Walmart declared $0.94 a share in dividends over the four quarters to 31 July 2026.

Peers: Retail

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Amazon.com Inc. AMZN$2.80 trillion20.9722.0%13.1%15.4%0.29n/a
Walmart Inc. WMT$995.5 billion45.3022.5%4.4%6.2%0.510.7%
Costco Wholesale Corp. COST$467.0 billion50.7425.8%3.9%10.1%0.170.5%
Home Depot, Inc. HD$342.7 billion24.0385.6%12.4%2.5%3.182.7%
TJX Companies Inc. TJX$149.0 billion25.0157.0%n/a7.7%0.271.3%
Target Corp. TGT$71.9 billion16.4424.6%5.6%2.0%0.862.9%
Dollar General Corp. DG$29.5 billion17.3918.3%5.6%4.8%0.491.8%
Dollar Tree, Inc. DLTR$24.6 billion16.0247.1%11.0%8.2%0.86n/a
BJ's Wholesale Club Holdings, Inc. BJ$13.8 billion23.9527.1%3.8%9.1%0.29n/a
Five Below, Inc. FIVE$13.2 billion21.5925.0%14.7%25.6%0.00n/a
Ollie's Bargain Outlet Holdings, Inc. OLLI$5.4 billion20.1614.4%12.3%14.4%0.00n/a
Pricesmart Inc. PSMT$5.0 billion30.1011.4%4.4%11.5%0.120.9%
All 110 in Retail
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Amazon.com Inc. AMZN$2.80 trillion20.9722.0%13.1%15.4%0.29n/a
Walmart Inc. WMT$995.5 billion45.3022.5%4.4%6.2%0.510.7%
Costco Wholesale Corp. COST$467.0 billion50.7425.8%3.9%10.1%0.170.5%
Home Depot, Inc. HD$342.7 billion24.0385.6%12.4%2.5%3.182.7%
TJX Companies Inc. TJX$149.0 billion25.0157.0%n/a7.7%0.271.3%
Lowe's Companies Inc. LOW$126.0 billion18.99n/a11.4%8.2%n/a2.2%
CVS Health Corp. CVS$107.3 billion9.7613.7%3.6%6.7%0.753.2%
Sherwin Williams Co. SHW$83.1 billion31.6267.3%n/a7.0%2.970.9%
Carvana Co. CVNA$81.1 billion38.4339.2%8.7%50.3%1.20n/a
ROSS Stores, Inc. ROST$73.8 billion27.9739.4%13.7%14.0%0.150.7%
O'Reilly Automotive, Inc. ORLY$72.3 billion27.58n/a19.8%8.7%n/an/a
Target Corp. TGT$71.9 billion16.4424.6%5.6%2.0%0.862.9%
Fastenal Co. FAST$60.8 billion42.7334.2%20.5%13.5%0.021.8%
Autozone Inc. AZO$52.0 billion21.04n/a18.3%7.4%n/an/a
JD.com, Inc. JD *$40.0 billion15.038.7%0.2%13.0%0.333.6%
Kroger Co. KR$40.0 billion36.8018.6%1.4%1.6%2.912.1%
Williams Sonoma Inc. WSM$29.9 billion26.0155.1%19.2%2.2%0.001.1%
Copart Inc. CPRT$29.6 billion20.6116.3%35.4%0.4%0.00n/a
Dollar General Corp. DG$29.5 billion17.3918.3%5.6%4.8%0.491.8%
Coupang, Inc. CPNG$29.2 billionn/a-48.0%-3.4%7.4%0.62n/a
Ulta Beauty, Inc. ULTA$27.6 billion23.4945.8%12.5%11.2%0.13n/a
Casey's General Stores, Inc. CASY$25.4 billion33.1318.9%8.3%13.8%0.590.3%
Dollar Tree, Inc. DLTR$24.6 billion16.0247.1%11.0%8.2%0.86n/a
Best Buy Co., Inc. BBY$21.0 billion16.5840.0%4.1%1.4%0.373.8%
CDW Corp. CDW$19.6 billion18.3341.7%7.0%10.9%2.701.6%
Tractor Supply Co. TSCO$18.9 billion19.5436.7%8.2%3.5%0.842.6%
Burlington Stores, Inc. BURL$15.5 billion22.1435.7%7.7%10.9%0.96n/a
Wayfair Inc. W$15.3 billionn/an/a2.1%7.9%n/an/a
Penske Automotive Group, Inc. PAG$13.9 billion15.5015.2%3.7%1.4%0.842.7%
BJ's Wholesale Club Holdings, Inc. BJ$13.8 billion23.9527.1%3.8%9.1%0.29n/a
Five Below, Inc. FIVE$13.2 billion21.5925.0%14.7%25.6%0.00n/a
Dick's Sporting Goods, Inc. DKS$12.5 billion15.1214.7%5.5%53.5%0.333.5%
GameStop Corp. GME$11.3 billion16.5214.5%13.5%-7.7%0.68n/a
Murphy USA Inc. MUSA$9.5 billion14.6183.6%4.2%20.2%2.760.5%
Chewy, Inc. CHWY$9.1 billion34.1773.9%2.5%5.9%1.60n/a
Victoria's Secret & Co. VSXY$8.6 billion24.4438.2%7.9%10.3%0.98n/a
FirstCash Holdings, Inc. FCFS$8.0 billion20.1217.9%12.9%22.9%1.080.9%
Gap Inc. GAP$7.5 billion6.4131.6%11.0%1.1%0.383.2%
Carmax Inc. KMX$7.3 billion25.124.6%n/a4.8%2.76n/a
Urban Outfitters Inc. URBN$7.3 billion13.2319.9%11.3%11.0%0.00n/a
Builders FirstSource, Inc. BLDR$6.7 billion168.971.0%2.1%-8.3%1.13n/a
Lithia Motors Inc. LAD$6.7 billion8.8811.9%4.0%1.6%1.780.8%
Abercrombie & Fitch Co. ANF$6.3 billion12.7939.6%13.7%4.7%0.00n/a
Macy's, Inc. M$6.0 billion8.4615.2%5.0%0.3%0.493.2%
Albertsons Companies, Inc. ACI$6.0 billionn/a-3.6%0.5%2.3%6.515.0%
Autonation, Inc. AN$5.9 billion8.8431.9%4.6%-1.8%3.06n/a
Floor & Decor Holdings, Inc. FND$5.4 billion22.989.6%6.5%1.8%0.08n/a
Ollie's Bargain Outlet Holdings, Inc. OLLI$5.4 billion20.1614.4%12.3%14.4%0.00n/a
Rush Enterprises Inc. RUSHA$5.1 billion19.1311.6%5.1%-2.6%0.521.2%
Pricesmart Inc. PSMT$5.0 billion30.1011.4%4.4%11.5%0.120.9%
Insight Enterprises Inc. NSIT$4.6 billion26.5711.6%4.1%9.0%0.96n/a
Sprouts Farmers Market, Inc. SFM$4.5 billion9.4232.4%7.3%5.3%0.08n/a
Signet Jewelers Ltd. SIG$4.5 billion13.5119.3%6.8%0.6%0.001.1%
Bath & Body Works, Inc. BBWI$4.3 billion5.56n/a16.7%-2.2%n/a3.7%
Openlane, Inc. OPLN$4.2 billionn/a12.5%11.9%12.8%1.65n/a
Academy Sports & Outdoors, Inc. ASO$4.2 billion11.2218.2%9.6%3.7%0.230.8%
Boot Barn Holdings, Inc. BOOT$3.9 billion15.8618.3%13.8%16.8%0.00n/a
Asbury Automotive Group Inc. ABG$3.6 billion8.0811.6%4.2%-1.3%0.84n/a
American Eagle Outfitters Inc. AEO$3.3 billion10.1619.1%7.8%9.2%0.032.5%
Pattern Group Inc. PTRN$3.2 billion28.1217.8%4.3%n/a0.00n/a
Group 1 Automotive Inc. GPI$3.1 billion8.2712.4%3.6%-3.4%1.960.8%
Advance Auto Parts Inc. AAP$2.7 billion27.774.4%3.0%-0.3%1.502.2%
Guardian Pharmacy Services, Inc. GRDN$2.7 billion36.2726.7%6.5%4.9%0.00n/a
Kohl's Corp. KSS$2.6 billion10.056.5%3.8%-2.9%0.322.2%
Bob's Discount Furniture, Inc. BOBS$2.5 billion17.4124.9%8.4%n/a0.00n/a
RH RH$2.5 billion23.2992.7%10.0%3.3%19.69n/a
Buckle Inc. BKE$2.2 billion9.6745.2%20.8%6.2%0.003.3%
Arhaus, Inc. ARHS$2.0 billion30.8315.2%6.1%5.2%0.00n/a
Sonic Automotive Inc. SAH$2.0 billion9.9319.4%3.2%2.0%1.652.5%
Weis Markets Inc. WMK$1.9 billion18.587.5%2.6%4.3%0.001.7%
Ezcorp Inc. EZPW$1.8 billion14.4113.6%13.9%28.6%0.45n/a
Sally Beauty Holdings, Inc. SBH$1.7 billion9.5322.1%8.4%1.1%0.94n/a
TheRealReal, Inc. REAL$1.6 billionn/an/a0.4%18.1%n/an/a
Ingles Markets Inc. IMKTA$1.6 billion15.036.2%2.6%1.0%0.30n/a
Savers Value Village, Inc. SVV$1.5 billion24.5713.2%8.1%10.1%1.41n/a
Revolve Group, Inc. RVLV$1.3 billion20.1311.8%5.6%14.7%0.00n/a
Grocery Outlet Holding Corp. GO$1.3 billionn/a-46.7%-7.9%5.1%0.62n/a
Marinemax Inc. HZO$1.2 billion376.460.4%3.0%-5.4%1.02n/a
Suburban Propane Partners LP SPH$1.1 billion8.77n/a15.1%-2.5%n/an/a
Petco Health & Wellness Company, Inc. WOOF$956 million29.502.5%2.2%-1.3%1.22n/a
Winmark Corp. WINA$943 million23.63n/a59.7%8.6%n/an/a
Krispy Kreme, Inc. DNUT$721 millionn/a-13.7%-2.2%-7.5%1.410.8%
Natural Grocers by Vitamin Cottage, Inc. NGVC$661 million13.9319.9%4.7%2.0%0.012.0%
Honest Company, Inc. HNST$544 million6.7529.8%-4.2%-12.8%0.00n/a
Titan Machinery Inc. TITN$523 millionn/a-10.2%-0.4%-10.7%1.43n/a
Camping World Holdings, Inc. CWH$474 millionn/a-499.8%-3.5%-5.5%52.72n/a
Arko Corp. ARKO$445 million79.302.9%1.2%5.9%1.51n/a
Barnes & Noble Education, Inc. BNED$437 million19.648.0%2.5%5.0%0.44n/a
Star Group, L.P. SGU$433 millionn/an/a7.1%7.6%n/an/a
Shoe Station Group Inc. SHOE$395 million16.523.6%2.8%-4.1%0.004.4%
Genesco Inc. GCO$390 million9.397.4%2.0%3.0%0.03n/a
Nextnrg, Inc. NXXT$383 millionn/an/a-50.9%90.3%n/an/a
Citi Trends Inc. CTRN$375 million54.885.9%0.6%11.1%0.00n/a
Build-A-Bear Workshop Inc. BBW$370 million7.37n/an/a-0.9%0.002.8%
Stitch Fix, Inc. SFIX$365 millionn/a-6.4%-1.6%6.4%0.00n/a
Lands' End, Inc. LE$279 million0.8371.3%0.5%0.4%0.12n/a
Envela Corp. ELA$278 million12.6127.9%9.6%47.7%0.12n/a
Lovesac Co. LOVE$228 million12.938.5%3.3%1.1%0.00n/a
Zumiez Inc. ZUMZ$223 million19.564.6%2.2%3.6%0.00n/a
Torrid Holdings Inc. CURV$216 millionn/an/a1.9%-11.2%n/an/a
1stdibs.com, Inc. DIBS$205 millionn/a-7.4%-10.8%2.6%0.00n/a
ThredUp Inc. TDUP$171 millionn/a-38.8%-7.2%14.1%0.29n/a
Neighborhood Intelligence, Inc. NXH$166 millionn/a-35.2%-9.8%29.5%0.73n/a
1 800 Flowers COM Inc. FLWS$165 millionn/a-146.6%-8.4%-10.8%2.88n/a
Vince Holding Corp. VNCE$164 million22.2313.0%4.3%8.0%0.21n/a
A.K.A. Brands Holding Corp. AKA$110 millionn/a-32.7%-2.9%3.8%1.13n/a
GrowGeneration Corp. GRWG$91 millionn/a-18.7%-10.8%1.6%0.00n/a
Bark, Inc. BARK$83 millionn/a-33.8%-7.5%-22.2%0.00n/a
Rent the Runway, Inc. RENT$74 million0.17n/a-12.3%21.2%n/an/a
Host Digital Inc. HOST$63 millionn/a-274.8%-8.7%-7.3%1.35n/a
8 companies share its SEC industry code (Retail-Variety Stores); the rest are the names nearest in size in its wider industry, Retail, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on WMT

Dividends$0.94 a share in FY2026
Filings29 in twelve months: 15 current reports (8-K), about 5 other events; 5 officer or director change; 4 results of operations; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote
Planned insider sales60 Form 144 notices in twelve months, $4.60 billion; latest 2 November 2026
Options tapeput/call 0.69 by open interest at the 6 November 2026 close; the straddle prices a 3.3% move to 13 November 2026
13F holders4,437 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading109 sales and 0 purchases on Form 4 in twelve months
Congress5 House trades disclosed in six months
Short interest75.3 million shares short, 3.65 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q31 July 202628 August 2026EDGAR
10-Q30 April 202629 May 2026EDGAR
10-K31 January 202613 March 2026EDGAR
10-Q31 October 20253 December 2025EDGAR
10-Q31 July 202529 August 2025EDGAR
10-Q30 April 20256 June 2025EDGAR
10-K31 January 202514 March 2025EDGAR
10-Q31 October 20246 December 2024EDGAR
10-Q31 July 202430 August 2024EDGAR
10-Q30 April 20247 June 2024EDGAR

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