W 
Walmart WMT · USD
Consumer Staples · Food & Staples Retailing · US listing · 🇺🇸 United States
S&P 500Nasdaq-100Dow Jones
125.52
-1.72%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$713.16bn
FY2017FY2026
Net income
$21.89bn
FY2017FY2026
Free cash flow
$14.92bn
FY2017FY2026
Shareholders' equity
$99.62bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $713.16bn | $680.99bn | $648.13bn | $611.29bn | $572.75bn | $559.15bn | $523.96bn | $514.40bn | $500.34bn | $485.87bn |
| Gross profit | $177.77bn | $169.23bn | $157.98bn | $147.57bn | $143.75bn | $138.84bn | $129.36bn | $129.10bn | $126.95bn | $124.62bn |
| Operating income | $29.82bn | $29.35bn | $27.01bn | $20.43bn | $25.94bn | $22.55bn | $20.57bn | $21.96bn | $20.44bn | $22.76bn |
| Net income | $21.89bn | $19.44bn | $15.51bn | $11.68bn | $13.67bn | $13.51bn | $14.88bn | $6.67bn | $9.86bn | $13.64bn |
| Diluted earnings per share | 2.74 | 2.43 | 1.92 | 1.44 | 1.68 | 1.61 | 1.74 | 0.78 | 1.12 | 1.52 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $284.67bn | $260.82bn | $252.40bn | $243.46bn | $244.86bn | $252.50bn | $236.50bn | $219.29bn | $204.52bn | $198.82bn |
| Cash and short-term investments | $10.73bn | $9.04bn | $9.87bn | $8.88bn | $14.76bn | $17.74bn | $9.46bn | $7.72bn | $6.76bn | $6.87bn |
| Total liabilities | $178.49bn | $163.13bn | $161.83bn | $159.47bn | $152.97bn | $164.97bn | $154.94bn | $139.66bn | $123.70bn | $118.29bn |
| Debt | $47.25bn | $45.79bn | $46.89bn | $44.62bn | $42.83bn | $48.87bn | $54.47bn | $54.17bn | $42.45bn | $42.73bn |
| Shareholders' equity | $99.62bn | $91.01bn | $90.57bn | $83.99bn | $91.89bn | $87.53bn | $81.55bn | $79.63bn | $80.82bn | $80.53bn |
| Shares outstanding | 7,978m | 8,011m | 8,082m | 8,109m | 8,133m | 8,391m | 8,547m | 8,583m | 8,823m | 8,988m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $41.56bn | $36.44bn | $35.73bn | $29.10bn | $24.18bn | $36.07bn | $25.25bn | $27.75bn | $28.34bn | $31.67bn |
| Capital spending | −$26.64bn | −$23.78bn | −$20.61bn | −$16.86bn | −$13.11bn | −$10.26bn | −$10.71bn | −$10.34bn | −$10.05bn | −$10.62bn |
| Free cash flow | $14.92bn | $12.66bn | $15.12bn | $12.24bn | $11.07bn | $25.81bn | $14.55bn | $17.41bn | $18.29bn | $21.05bn |
| Dividends paid | −$7.51bn | −$6.69bn | −$6.14bn | −$6.11bn | −$6.15bn | −$6.12bn | −$6.05bn | −$6.10bn | −$6.12bn | −$6.22bn |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $187.94bn | $177.75bn | $190.66bn | $179.50bn | $177.40bn | $165.61bn | $180.55bn | $169.59bn |
| Gross profit | $49.13bn | $44.69bn | $47.04bn | $44.79bn | $44.63bn | $41.31bn | $44.38bn | $42.25bn |
| Operating income | $9.38bn | $7.49bn | $8.71bn | $7.29bn | $7.96bn | $7.13bn | $7.86bn | $6.71bn |
| Net income | $6.37bn | $5.33bn | $4.24bn | $6.14bn | $7.03bn | $4.49bn | $5.25bn | $4.58bn |
| Diluted earnings per share | 0.80 | 0.67 | 0.53 | 0.77 | 0.88 | 0.56 | 0.66 | 0.57 |
| Cash from operations | $14.97bn | $4.74bn | $14.11bn | $9.10bn | $12.94bn | $5.41bn | $13.53bn | $6.56bn |
| Capital spending | −$7.50bn | −$6.68bn | −$8.02bn | −$7.22bn | −$6.42bn | −$4.99bn | −$7.09bn | −$6.19bn |
| Free cash flow | $7.47bn | −$1.95bn | $6.10bn | $1.88bn | $6.52bn | $425.0m | $6.44bn | $372.0m |
| Total assets | $293.91bn | $289.61bn | $284.67bn | $288.65bn | $270.84bn | $262.37bn | $260.82bn | $263.40bn |
| Cash and short-term investments | $11.53bn | $10.73bn | $10.73bn | $10.58bn | $9.43bn | $9.31bn | $9.04bn | $10.05bn |
| Debt | $53.01bn | $53.97bn | $47.25bn | $54.72bn | $51.84bn | $54.41bn | $47.29bn | $48.82bn |
| Shareholders' equity | $98.24bn | $94.33bn | $99.62bn | $96.09bn | $90.11bn | $83.79bn | $91.01bn | $88.11bn |
Financial ratios
Data as of 30 Aug 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 24.9% | 24.9% | 24.4% | 24.1% | 25.1% | 24.8% | — | — | — | — | — | — |
| Operating margin | 4.2% | 4.3% | 4.2% | 3.3% | 4.5% | 4.0% | — | — | — | — | — | — |
| Net margin | 3.1% | 2.9% | 2.4% | 1.9% | 2.4% | 2.4% | — | — | — | — | — | — |
| Return on equity | 22.0% | 21.4% | 17.1% | 13.9% | 14.9% | 15.4% | — | — | — | — | — | — |
| Return on assets | 7.7% | 7.5% | 6.1% | 4.8% | 5.6% | 5.4% | — | — | — | — | — | — |
| Free cash flow yield | 5.1% | 4.4% | 4.3% | 3.5% | 2.9% | 4.2% | — | — | — | — | — | — |
| Revenue growth | 4.7% | 5.1% | 6.0% | 6.7% | 2.4% | 6.7% | — | — | — | — | — | — |
| Earnings growth | 12.6% | 25.3% | 32.8% | -14.6% | 1.2% | -9.2% | — | — | — | — | — | — |
| Current ratio | 0.79x | 0.82x | 0.83x | 0.82x | 0.93x | 0.97x | — | — | — | — | — | — |
| Debt to equity | 0.47x | 0.45x | 0.46x | 0.49x | 0.44x | 0.53x | — | — | — | — | — | — |
| Equity ratio | 35.0% | 34.9% | 35.9% | 34.5% | 37.5% | 34.7% | — | — | — | — | — | — |
| Interest coverage | 10.66x | 10.76x | 10.07x | 9.60x | 13.01x | 9.74x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.4% | 0.9% | 0.3% | 0.3% | 3.1% | 1.8% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.3% | 5.0% | 4.0% |
| Operating income | 13.4% | 5.8% | 2.2% |
| Net income | 23.3% | 10.1% | 4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.9% | 24.6% | 24.7% | 24.9% |
| Operating margin | 4.2% | 4.0% | 4.1% | 4.2% |
| Net margin | 3.0% | 2.6% | 2.5% | 2.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 53.6 | 45.9 | 47.1 | 36.5 | 28.1 | 30.0 | 27.6 | 51.0 | 27.8 | 21.7 |
| Price to sales | 1.6 | 1.3 | 1.1 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | 0.6 | 0.6 |
Market value over time
30 Sept 2016 to 28 Aug 2026, in USD
$224.94bn$822.45bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 23% | 80% | 9% | 3% | -5% | 21% | 38% | -12% | 37% | 17% |
Dividends and splits
Per share, in the currency the company pays
Paid for 51 years. Last went ex-dividend on 11 Dec 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.99 | 0.94 | 0.83 | 0.76 | 0.747 | 0.733 | 0.72 | 0.707 |
- 3-for-1 split · 26 Feb 2024
- 2-for-1 split · 20 Apr 1999
- 2-for-1 split · 26 Feb 1993
- 2-for-1 split · 9 Jul 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.