Walmart (WMT) FY2023 results: revenue $611.3 billion, up 6.7% on the year
Walmart Inc. (WMT) reported revenue of $611.3 billion for fiscal 2023, the year ended 31 January 2023, up 6.7% on the year before. Net income was $11.7 billion, down 14.6%, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 17 March 2023.
Revenue
$611.3 billion
+6.7% on the year
FY2016FY2023
Operating margin
3.3%
4.5% a year earlier
FY2016FY2023
Net income
$11.7 billion
-14.6% on the year
FY2016FY2023
Diluted EPS
$1.42
-12.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
28,841
24,181
36,074
+19.3%
Capital expenditure
16,857
13,106
10,264
+28.6%
Free cash flow
11,984
11,075
25,810
+8.2%
Free cash flow margin
2.0%
1.9%
4.6%
Cash from investing
-17,722
-6,015
-10,071
Cash from financing
-17,039
-22,828
-16,117
Depreciation and amortisation
10,945
10,658
11,152
+2.7%
Share-based compensation
1,578
1,163
1,169
+35.7%
Buybacks
9,920
9,787
2,625
+1.4%
Dividends paid
6,114
6,152
6,116
-0.6%
Dividend per share
$0.75
$0.73
$0.72
+1.8%
Diluted shares, weighted
8,202m
8,415m
8,541m
-2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
76,693
83,253
80,925
-7.9%
Non-controlling interest
7,061
8,638
6,606
-18.3%
Redeemable equity
237
0.0
n/a
Debt
39,212
38,077
44,533
+3.0%
Operating lease liabilities
12,828
13,009
12,909
-1.4%
Finance lease liabilities
4,843
4,243
3,847
+14.1%
Other liabilities
102,323
97,640
103,676
+4.8%
Total liabilities and equity
243,197
244,860
252,496
-0.7%
Fixed assets
100,760
94,515
92,201
+6.6%
Goodwill
28,174
29,014
28,983
-2.9%
Cash and equivalents
8,625
14,760
17,741
-41.6%
Receivables
7,933
8,280
6,516
-4.2%
Inventory
56,576
56,511
44,949
+0.1%
Other assets
41,129
41,780
62,106
-1.6%
Total assets
243,197
244,860
252,496
-0.7%
10-K for the year ended 31 January 2023, filed 17 March 2023: the filing.