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WMT
Walmart Inc.Stock · Consumer Staples
$111.84+$3.02 (+2.78%)as of market close, Jul 2, 2026
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How Walmart makes money

Fiscal year

How does Walmart make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Walmart Inc. · FY2026 · year ended 2026-01-31
Revenue$706.4BGross profit$171.0B · 24%Cost of revenue$535.4B · 76%Operating income$29.8B · 4%Operating expenses$141.2B · 20%Other opex$141.2B · 20%Net income$21.9B · 3%Income tax$7.2B · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.