WMT financial statements

The full income statement, balance sheet, and cash-flow statement for Walmart Inc. (WMT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-04 8.04B2024-07 8.04B2024-10 8.03B2025-01 8.02B2025-04 7.98B2025-07 7.97B2025-10 7.97B2026-01 7.97B2026-04 7.96B-1.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
Revenue	706B YoY+4.7%	675B YoY+5.0%	643B YoY+6.1%	606B YoY+6.7%	568B YoY+2.3%
Cost of revenue	535B YoY+4.6%	512B YoY+4.4%	490B YoY+5.7%	464B YoY+8.1%	429B YoY+2.1%
Selling, general & administrative	148B YoY+5.8%	140B YoY+6.8%	131B YoY+3.0%	127B YoY+7.9%	118B YoY+1.3%
Operating income	29.8B YoY+1.6%	29.3B YoY+8.6%	27.0B YoY+32.2%	20.4B YoY-21.3%	25.9B YoY+15.1%
Interest expense	2.32B YoY+3.1%	2.25B YoY-0.4%	2.26B YoY+26.4%	1.79B YoY+6.8%	1.67B YoY-15.3%
Interest & investment income	368M YoY-23.8%	483M YoY-11.5%	546M YoY+115.0%	254M YoY+60.8%	158M YoY+30.6%
Net interest income	—	—	-2.14B YoY-14.0%	-1.87B YoY-2.1%	-1.84B YoY+16.3%
Other non-operating income	2.08B YoY+361.3%	-794M YoY+73.8%	-3.03B YoY-96.8%	-1.54B YoY+48.7%	-3.00B YoY-1528.6%
Gain (loss) on equity securities	1.50B YoY+135.7%	-4.20B YoY-23.5%	-3.40B YoY-183.3%	-1.20B YoY+50.0%	-2.40B YoY-127.9%
Pre-tax income	29.5B YoY+12.0%	26.3B YoY+20.4%	21.8B YoY+28.4%	17.0B YoY-9.0%	18.7B YoY-9.1%
Income tax	7.20B YoY+17.0%	6.15B YoY+10.3%	5.58B YoY-2.6%	5.72B YoY+20.4%	4.76B YoY-30.7%
	21.9B YoY+12.6%	19.4B YoY+25.3%	15.5B YoY+32.8%	11.7B YoY-14.6%	13.7B YoY+1.2%
Net income to non-controlling interest	377M YoY-47.7%	721M YoY-5.0%	759M YoY+295.6%	-388M YoY-245.3%	267M YoY+36.2%
	$2.73 YoY+13.3%	$2.41 YoY+26.2%	$1.91 YoY+34.5%	$1.42 YoY-12.3%	$1.62 YoY+2.3%
EPS (basic)	$2.74 YoY+13.2%	$2.42 YoY+26.0%	$1.92 YoY+34.3%	$1.43 YoY-12.3%	$1.63 YoY+2.5%
	7.98B YoY-0.7%	8.04B YoY-0.4%	8.08B YoY-1.2%	8.17B YoY-2.4%	8.38B YoY-1.4%
	8.02B YoY-0.7%	8.08B YoY-0.3%	8.11B YoY-1.1%	8.20B YoY-2.5%	8.41B YoY-1.5%
Dividends per share	$3.76 YoY+13.3%	$3.32 YoY+336.8%	$0.76 YoY+1.8%	$0.75 YoY+1.8%	$0.73 YoY-74.5%
Balance Sheet	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
	84.9B YoY+6.8%	79.5B YoY+3.4%	76.9B YoY+1.6%	75.7B YoY-6.7%	81.1B YoY-10.0%
Cash & equivalents	10.7B YoY+18.7%	9.04B YoY-8.4%	9.87B YoY+14.4%	8.63B YoY-41.6%	14.8B YoY-16.8%
Accounts receivable	11.2B YoY+12.0%	9.97B YoY+13.4%	8.80B YoY+10.9%	7.93B YoY-4.2%	8.28B YoY+27.1%
Inventory	58.9B YoY+4.3%	56.4B YoY+2.8%	54.9B YoY-3.0%	56.6B YoY+0.1%	56.5B YoY+25.7%
Prepaid expenses	4.12B YoY+2.8%	4.01B YoY+20.7%	3.32B YoY+31.8%	2.52B YoY+66.0%	1.52B YoY-92.7%
	285B YoY+9.1%	261B YoY+3.3%	252B YoY+3.8%	243B YoY-0.7%	245B YoY-3.0%
Property, plant & equipment	136B YoY+13.4%	120B YoY+8.3%	111B YoY+10.0%	101B YoY+6.6%	94.5B YoY+2.5%
Operating lease right-of-use	14.8B YoY+8.5%	13.6B YoY-0.5%	13.7B YoY+0.9%	13.6B YoY-1.5%	13.8B YoY+0.9%
Goodwill	28.7B YoY-0.2%	28.8B YoY+2.4%	28.1B YoY-0.2%	28.2B YoY-2.9%	29.0B YoY+0.1%
Other non-current assets	14.1B YoY+9.6%	12.9B YoY-24.6%	17.1B YoY-15.2%	20.1B YoY-9.1%	22.2B YoY-6.1%
	107B YoY+11.3%	96.6B YoY+4.5%	92.4B YoY+0.2%	92.2B YoY+5.5%	87.4B YoY-5.7%
Accounts payable	63.1B YoY+7.5%	58.7B YoY+3.3%	56.8B YoY+5.7%	53.7B YoY-2.7%	55.3B YoY+12.5%
Accrued liabilities	31.2B YoY+6.3%	29.3B YoY+2.0%	28.8B YoY-7.6%	31.1B YoY+19.4%	26.1B YoY-31.4%
Short-term & current debt	3.54B YoY+36.3%	2.60B YoY-24.6%	3.45B YoY-17.8%	4.19B YoY+49.5%	2.80B YoY-10.0%
Current lease liability	1.63B YoY+8.8%	1.50B YoY+0.8%	1.49B YoY+1.0%	1.47B YoY-0.7%	1.48B YoY+1.2%
Finance lease liability (current)	856M YoY+7.0%	800M YoY+10.3%	725M YoY+27.9%	567M YoY+11.0%	511M YoY+4.1%
Long-term debt	34.6B YoY+3.7%	33.4B YoY-7.6%	36.1B YoY+4.3%	34.6B YoY-0.6%	34.9B YoY-15.4%
Non-current lease liability	13.9B YoY+8.7%	12.8B YoY-0.9%	12.9B YoY+0.9%	12.8B YoY-1.4%	13.0B YoY+0.8%
Operating lease liability (total)	15.6B YoY+8.7%	14.3B YoY-0.7%	14.4B YoY+0.9%	14.3B YoY-1.3%	14.5B YoY+0.8%
Finance lease liability (total)	6.76B YoY+0.6%	6.72B YoY+4.5%	6.43B YoY+18.9%	5.41B YoY+13.8%	4.75B YoY+9.6%
Finance lease liability	5.91B YoY-0.3%	5.92B YoY+3.7%	5.71B YoY+17.9%	4.84B YoY+14.1%	4.24B YoY+10.3%
	99.6B YoY+9.5%	91.0B YoY+8.5%	83.9B YoY+9.3%	76.7B YoY-7.9%	83.3B YoY+2.9%
Common stock	797M YoY-0.6%	802M YoY-0.4%	805M YoY-0.4%	808M YoY+192.8%	276M YoY-2.1%
Additional paid-in capital	6.82B YoY+23.9%	5.50B YoY+21.1%	4.54B YoY+2.6%	4.43B YoY-8.5%	4.84B YoY+32.7%
Retained earnings	105B YoY+6.6%	98.3B YoY+9.5%	89.8B YoY+8.0%	83.1B YoY-4.3%	86.9B YoY-2.1%
Accumulated other comprehensive income	-12.8B YoY+6.1%	-13.6B YoY-20.4%	-11.3B YoY+3.2%	-11.7B YoY-33.2%	-8.77B YoY+25.5%
Non-controlling interest	6.27B YoY-2.2%	6.41B YoY-1.2%	6.49B YoY-8.1%	7.06B YoY-18.3%	8.64B YoY+30.8%
Total equity incl. non-controlling	106B YoY+8.7%	97.4B YoY+7.8%	90.3B YoY+7.9%	83.8B YoY-8.9%	91.9B YoY+5.0%
Total liabilities & equity	285B YoY+9.1%	261B YoY+3.3%	252B YoY+3.8%	243B YoY-0.7%	245B YoY-3.0%
	7.97B YoY-0.6%	8.02B YoY-0.5%	8.06B YoY-0.4%	8.09B YoY-2.0%	8.26B YoY-2.3%
Cash Flow	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
	41.6B YoY+14.1%	36.4B YoY+2.0%	35.7B YoY+23.9%	28.8B YoY+19.3%	24.2B YoY-33.0%
Depreciation & amortization	14.2B YoY+9.5%	13.0B YoY+9.4%	11.9B YoY+8.3%	10.9B YoY+2.7%	10.7B YoY-4.4%
Deferred income taxes	2.28B YoY+443.4%	-663M YoY-287.7%	-171M YoY-139.8%	430M YoY+156.7%	-759M YoY-138.0%
Change in payables	1.61B YoY-50.1%	3.23B YoY+28.3%	2.52B YoY+276.5%	-1.43B YoY-125.8%	5.52B YoY-20.8%
	-26.4B YoY-23.3%	-21.4B YoY-0.4%	-21.3B YoY-20.1%	-17.7B YoY-194.6%	-6.01B YoY+40.3%
Capital expenditure	26.6B YoY+12.0%	23.8B YoY+15.4%	20.6B YoY+22.2%	16.9B YoY+28.6%	13.1B YoY+27.7%
Free cash flow	14.9B YoY+17.9%	12.7B YoY-16.3%	15.1B YoY+26.2%	12.0B YoY+8.2%	11.1B YoY-57.1%
Acquisitions	53.0M YoY-97.2%	1.90B YoY+20966.7%	9.00M YoY-98.8%	740M YoY+106.1%	359M YoY+99.4%
Proceeds from sale of PP&E	106M YoY-75.5%	432M YoY+72.8%	250M YoY+47.1%	170M YoY-56.9%	394M YoY+83.3%
Other investing activities	688M YoY+224.5%	212M YoY-77.0%	922M YoY+212.5%	295M YoY-66.4%	879M YoY+961.8%
	-13.6B YoY+8.6%	-14.8B YoY-10.5%	-13.4B YoY+21.3%	-17.0B YoY+25.4%	-22.8B YoY-41.6%
Long-term debt issued	3.98B	0.00 YoY-100.0%	4.97B YoY-1.5%	5.04B YoY-27.4%	6.95B
Long-term debt repaid	2.63B YoY-24.3%	3.47B YoY-17.8%	4.22B YoY+56.8%	2.69B YoY-79.3%	13.0B YoY+141.7%
Net short-term debt	3.52B YoY+59.3%	2.21B YoY+332.0%	512M YoY+1605.9%	-34.0M YoY-117.6%	193M YoY+159.6%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	8.09B YoY+80.0%	4.49B YoY+61.7%	2.78B YoY-72.0%	9.92B YoY+1.4%	9.79B YoY+272.8%
Dividends paid	7.51B YoY+12.2%	6.69B YoY+8.9%	6.14B YoY+0.4%	6.11B YoY-0.6%	6.15B YoY+0.6%
Other financing activities	-2.51B YoY-15.7%	-2.17B YoY+3.5%	-2.25B YoY-6.1%	-2.12B YoY-39.8%	-1.51B YoY-10.1%
FX effect on cash	123M YoY+119.2%	-641M YoY-1029.0%	69.0M YoY+194.5%	-73.0M YoY+47.9%	-140M YoY-159.6%
Net change in cash	1.78B YoY+547.4%	-399M YoY-136.5%	1.09B YoY+118.3%	-5.99B YoY-24.8%	-4.80B YoY-147.4%
Interest paid	2.79B YoY+2.0%	2.74B YoY+8.7%	2.52B YoY+22.8%	2.05B YoY-8.3%	2.24B YoY+0.9%
Income taxes paid	5.36B YoY-8.8%	5.88B YoY+0.1%	5.88B YoY+77.6%	3.31B YoY-44.1%	5.92B YoY+12.3%
Valuation Ratios	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
Market cap	950B YoY+20.7%	787B YoY+77.3%	444B YoY+14.4%	388B YoY+0.8%	385B YoY-3.2%
P/E	41.4× YoY+2.4%	40.5× YoY+41.5%	28.6× YoY-13.8%	33.2× YoY+18.0%	28.1× YoY+39.8%
P/S	1.4× YoY+16.9%	1.2× YoY+68.9%	0.7× YoY+7.9%	0.6× YoY-5.5%	0.7× YoY-7.1%
P/B	9.9× YoY+14.3%	8.6× YoY+63.4%	5.3× YoY+4.7%	5.1× YoY+9.4%	4.6× YoY-5.3%
P/FCF	62.2× YoY+0.1%	62.2× YoY+111.7%	29.4× YoY-9.3%	32.4× YoY-6.8%	34.7× YoY+111.7%
	2.4% YoY-2.3%	2.5% YoY-29.3%	3.5% YoY+16.0%	3.0% YoY-15.3%	3.6% YoY-28.4%
	1.6% YoY-0.1%	1.6% YoY-52.8%	3.4% YoY+10.2%	3.1% YoY+7.3%	2.9% YoY-52.8%
	3.2% YoY-6.7%	3.4% YoY+145.1%	1.4% YoY-11.4%	1.6% YoY-1.0%	1.6% YoY-74.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: WMT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WMT filings on SEC EDGAR → Not investment advice.