Walmart (WMT) FY2024 results: revenue $648.1 billion, up 6.0% on the year
Walmart Inc. (WMT) reported revenue of $648.1 billion for fiscal 2024, the year ended 31 January 2024, up 6.0% on the year before. Net income was $15.5 billion, up 32.8%, and diluted earnings per share $1.91. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2024.
Revenue
$648.1 billion
+6.0% on the year
FY2017FY2024
Operating margin
4.2%
3.3% a year earlier
FY2017FY2024
Net income
$15.5 billion
+32.8% on the year
FY2017FY2024
Diluted EPS
$1.91
+34.2% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
35,726
28,841
24,181
+23.9%
Capital expenditure
20,606
16,857
13,106
+22.2%
Free cash flow
15,120
11,984
11,075
+26.2%
Free cash flow margin
2.3%
2.0%
1.9%
Cash from investing
-21,287
-17,722
-6,015
Cash from financing
-13,414
-17,039
-22,828
Depreciation and amortisation
11,853
10,945
10,658
+8.3%
Share-based compensation
2,093
1,578
1,163
+32.6%
Buybacks
2,779
9,920
9,787
-72.0%
Dividends paid
6,140
6,114
6,152
+0.4%
Dividend per share
$0.76
$0.75
$0.73
+1.8%
Diluted shares, weighted
8,108m
8,202m
8,415m
-1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
83,861
76,693
83,253
+9.3%
Non-controlling interest
6,488
7,061
8,638
-8.1%
Redeemable equity
222
237
0.0
-6.3%
Debt
40,457
39,212
38,077
+3.2%
Operating lease liabilities
12,943
12,828
13,009
+0.9%
Finance lease liabilities
5,709
4,843
4,243
+17.9%
Other liabilities
102,719
102,323
97,640
+0.4%
Total liabilities and equity
252,399
243,197
244,860
+3.8%
Fixed assets
110,810
100,760
94,515
+10.0%
Goodwill
28,113
28,174
29,014
-0.2%
Cash and equivalents
9,867
8,625
14,760
+14.4%
Receivables
8,796
7,933
8,280
+10.9%
Inventory
54,892
56,576
56,511
-3.0%
Other assets
39,921
41,129
41,780
-2.9%
Total assets
252,399
243,197
244,860
+3.8%
10-K for the year ended 31 January 2024, filed 15 March 2024: the filing.