Walmart Inc. WMT

Consumer discretionary SIC 5331 - Retail-Variety Stores Nasdaq

Walmart Inc. ("Walmart," the "Company" or "we") is a people-led, technology-powered omnichannel retailer dedicated to helping people around the world save money and live better by providing the opportunity to shop in both retail stores and through eCommerce, and to access our other service offerings. Through innovation, we strive to continuously improve a customer-centric experience that seamlessly integrates our eCommerce and retail stores in an omnichannel offering that saves time for our customers. Each week, we serve approximately 280 million customers who visit more than 10,900 stores in 19 countries and through our numerous eCommerce websites and mobile applications.

Our strategy is to make every day easier for busy families, operate with discipline, sharpen our culture and become more digital, and make trust a competitive advantage. Making life easier for busy families includes our commitment to price leadership, which has been and will remain a cornerstone of our business, as well as increasing convenience to save our customers time. By leading on price, we earn the trust of our customers every day by providing a broad assortment of quality merchandise and services at everyday low prices ("EDLP"). EDLP is our pricing philosophy under which we price items at a low price every day so our customers trust that our prices will not change under frequent promotional activity. Everyday low cost ("EDLC") is our commitment to control expenses so our cost savings can be passed along to our customers.

Last close 107.14 2026-09-04
Market cap $850.02B 2026-07-31 share count
52-week range 98.88 - 135.16

Valuation FY2025 figures against the last close

P/S1.2x
P/E39.2x
P/FCF57.0x
EV/EBITDA19.9x
Dividend yield0.9%
Diluted EPS2.73

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $706.41B$674.54B$642.64B$605.88B$567.76B$555.23B$519.93B$510.33B$495.76B$481.32B
Cost of revenue $535.39B$511.75B$490.14B$463.72B$429.00B$420.31B$394.61B$385.30B$373.40B$361.26B
Gross profit $171.02B$162.78B$152.50B$142.16B$138.76B$134.92B$125.32B$125.03B$122.36B$120.06B
SG&A $147.94B$139.88B$130.97B$127.14B$117.81B$116.29B$108.79B$107.15B$106.51B$101.85B
Operating income $29.82B$29.35B$27.01B$20.43B$25.94B$22.55B$20.57B$21.96B$20.44B$22.76B
Interest expense $2.14B$1.87B$1.84B$2.19B$2.41B$2.13B$2.18B$2.27B
Pre-tax income $29.47B$26.31B$21.85B$17.02B$18.70B$20.56B$20.12B$11.46B$15.12B$20.50B
Income tax $7.20B$6.15B$5.58B$5.72B$4.76B$6.86B$4.92B$4.28B$4.60B$6.20B
Net income $21.89B$19.44B$15.51B$11.68B$13.67B$13.51B$14.88B$6.67B$9.86B$13.64B
EPS, basic 2.742.421.921.431.634.775.222.283.294.40
EPS, diluted 2.732.411.911.421.624.755.192.263.284.38
Shares, diluted (wtd. avg.) $8.02B$8.08B$8.11B$8.20B$8.41B$2.85B$2.87B$2.94B$3.01B$3.11B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $10.73B$9.04B$9.94B$8.84B$14.83B$17.79B$9.52B$7.76B$7.01B$7.14B
Receivables $11.17B$9.97B$8.80B$7.93B$8.28B$6.52B$6.28B$6.28B$5.61B$5.83B
Inventory $58.85B$56.44B$54.89B$56.58B$56.51B$44.95B$44.44B$44.27B$43.78B$43.05B
Total current assets $84.87B$79.46B$76.88B$75.66B$81.07B$90.07B$61.81B$61.90B$59.66B$57.69B
Property, plant and equipment $136.08B$119.99B$110.81B$100.76B$94.52B$92.20B$105.21B$104.32B$107.67B$107.71B
Goodwill $28.73B$28.79B$28.11B$28.17B$29.01B$28.98B$31.07B$31.18B$18.24B$17.04B
Total assets $284.67B$260.82B$252.40B$243.20B$244.86B$252.50B$236.50B$219.29B$204.52B$198.82B
Accounts payable $63.06B$58.67B$56.81B$53.74B$55.26B$49.14B$46.97B$47.06B$46.09B$41.43B
Short-term debt $3.54B$2.60B$3.45B$4.19B$2.80B$3.12B$5.36B$1.88B$3.74B$2.26B
Total current liabilities $107.47B$96.58B$92.42B$92.20B$87.38B$92.64B$77.79B$77.48B$78.52B$66.93B
Long-term debt $34.62B$33.40B$36.13B$34.65B$34.86B$41.19B$43.71B$43.52B$30.05B$36.02B
Retained earnings $104.77B$98.31B$89.81B$83.14B$86.90B$88.76B$83.94B$80.78B$85.11B$89.35B
Total equity $99.62B$91.01B$90.35B$83.75B$91.89B$87.53B$81.55B$79.63B$80.82B$80.53B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $41.56B$36.44B$35.73B$28.84B$24.18B$36.07B$25.25B$27.75B$28.34B$31.67B
Depreciation and amortisation $14.20B$12.97B$11.85B$10.95B$10.66B$11.15B$10.99B$10.68B$10.53B$10.08B
Capital expenditure $26.64B$23.78B$20.61B$16.86B$13.11B$10.26B$10.71B$10.34B$10.05B$10.62B
Investing cash flow -$26.35B-$21.38B-$21.29B-$17.72B-$6.01B-$10.07B-$9.13B-$24.04B-$9.08B-$13.90B
Financing cash flow -$13.55B-$14.82B-$13.41B-$17.04B-$22.83B-$16.12B-$14.30B-$2.54B-$19.88B-$19.07B
Dividends paid $7.51B$6.69B$6.14B$6.11B$6.15B$6.12B$6.05B$6.10B$6.12B$6.22B
Buybacks $8.09B$4.49B$2.78B$9.92B$9.79B$2.62B$5.72B$7.41B$8.30B$8.30B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-173673.

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