Walmart Inc. (WMT) Financial Statements

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Walmart financial statements at a glance

Walmart reported revenue of $713.16 billion for fiscal year 2026 (ended January 31, 2026), up 4.7% from fiscal year 2025. Net income was $21.89 billion, a net margin of 3.1%, and diluted earnings per share were $2.73.

At the end of fiscal year 2026 it had total assets of $284.67 billion, total liabilities of $178.49 billion and shareholders' equity of $99.62 billion, with cash and short-term investments of $10.73 billion and total debt of $67.10 billion.

Its operations brought in $41.57 billion of cash; capital spending was $26.64 billion, leaving free cash flow of $14.92 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended January 31, 2026.

WMT logo

Walmart Inc.

WMTUnited States
Essential Consumer Products
USD (Local)

Income Statement

Annual • USD

Total Revenue
713.16B
Prev Year: 680.99B
YoY: +4.7%
Operating Revenue
713.16B
Prev Year: 680.99B
YoY: +4.7%
Weighted Average Shares (diluted)
8.02B
Weighted Average Shares (basic)
7.98B
Total Unusual Items Excluding Goodwill
-
Diluted EPS
2.73
Total Unusual Items
-
Basic EPS
2.74
Other Operating Expenses
147.94B
Cost of Revenue
535.39B
Prev Year: 511.75B
YoY: +4.6%
Gross Profit
177.77B
Prev Year: 169.23B
YoY: +5.0%
Operating Expense
147.94B
Prev Year: 139.88B
YoY: +5.8%
Operating Income
29.82B
Prev Year: 29.35B
YoY: +1.6%
Net Non Operating Interest Income Expense
-2.43B
Prev Year: -2.25B
YoY: -8.3%
Non-operating Interest Income
368.00M
Prev Year: 483.00M
YoY: -23.8%
Non-operating Interest Expense
2.80B
Prev Year: 2.73B
YoY: +2.6%
Other Income Expense
2.08B
Prev Year: -794.00M
YoY: +361.3%
Other Non-operating Income (expense)
2.08B
Prev Year: -794.00M
YoY: +361.3%
Special Income Charges
-
Pre-tax Income
29.47B
Prev Year: 26.31B
YoY: +12.0%
Provision for Income Taxes
7.20B
Prev Year: 6.15B
YoY: +17.0%
Net Income Common Stockholders
21.89B
Prev Year: 19.44B
YoY: +12.6%
Net Income
21.89B
Prev Year: 19.44B
YoY: +12.6%
Net Income Including Non-Controlling Interests
22.27B
Prev Year: 20.16B
YoY: +10.5%
Net Income from Continuing Operations
22.27B
Prev Year: 20.16B
YoY: +10.5%
Noncontrolling Interests
-377.00M
Prev Year: -721.00M
YoY: +47.7%
Diluted NI Available to Com Stockholders
21.89B
Prev Year: 19.44B
YoY: +12.6%
Total Operating Income as Reported
29.82B
Prev Year: 29.35B
YoY: +1.6%
Total Expenses
683.34B
Prev Year: 651.64B
YoY: +4.9%
Net Income from Continuing and Discontinued Operation
21.89B
Prev Year: 19.44B
YoY: +12.6%
Normalized Income
21.89B
Prev Year: 19.44B
YoY: +12.6%
Interest Income
368.00M
Prev Year: 483.00M
YoY: -23.8%
Interest Expense
2.80B
Prev Year: 2.73B
YoY: +2.6%
Net Interest Income
-2.43B
Prev Year: -2.25B
YoY: -8.3%
EBIT
32.27B
Prev Year: 29.04B
YoY: +11.1%
EBITDA
46.47B
Prev Year: 42.01B
YoY: +10.6%
Reconciled Cost of Revenue
535.39B
Prev Year: 511.75B
YoY: +4.6%
Reconciled Depreciation
14.20B
Prev Year: 12.97B
YoY: +9.5%
Net Income from Continuing Operation Net Minority Interest
21.89B
Prev Year: 19.44B
YoY: +12.6%
Normalized EBITDA
46.47B
Prev Year: 42.01B
YoY: +10.6%
Tax Rate for Calcs
0.244
Prev Year: 0
Values in USD

Walmart key figures by fiscal year

FY2026FY2025FY2024FY2023FY2022
Revenue$713.2B$681.0B$648.1B$611.3B$572.8B
Gross profit$177.8B$169.2B$158.0B$147.6B$143.8B
Operating income$29.8B$29.3B$27.0B$20.4B$25.9B
Net income$21.9B$19.4B$15.5B$11.7B$13.7B
Diluted EPS$2.73–$1.91$0.45$0.52
Total assets$284.7B$260.8B$252.4B$243.2B$244.9B
Total liabilities$178.5B$163.1B$161.8B$159.2B$153.0B
Shareholders' equity$99.6B$91.0B$83.9B$76.7B$83.3B
Cash and short-term investments$10.7B$9.0B$9.9B$8.6B$14.8B
Total debt$67.1B$60.1B$61.3B$58.9B$57.3B
Operating cash flow$41.6B$36.4B$35.7B$28.8B$24.2B
Capital spending$26.6B$23.8B$20.6B$16.9B$13.1B
Free cash flow$14.9B$12.7B$15.1B$12.0B$11.1B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Walmart's revenue in fiscal year 2026?

$713.16 billion, up 4.7% from $680.99 billion in fiscal year 2025.

How much profit does Walmart make?

Walmart reported net income of $21.89 billion for fiscal year 2026 (3.1% of revenue); operating income was $29.83 billion.

How much cash and debt does Walmart have?

At the end of fiscal year 2026: cash and short-term investments of $10.73 billion and total debt of $67.10 billion.

What is Walmart's free cash flow?

$14.92 billion in fiscal year 2026 (operating cash flow of $41.57 billion minus capital spending of $26.64 billion).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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