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Walmart WMT

US equityMarket cap rank #17Top RetailersDividend Aristocrats
$108.71
−$1.82 (-1.65%)
Market open · Sep 24, 2:00 pm ET
After hours $110.59 +0.05%
Open$111.17
Prev close$110.53
Day range$108.21 – $111.17
Volume15.25M
Market cap$862.48B
P/E (TTM)39.4
Dividend yield0.89%

Fundamentals

Latest reported quarter: Q2, ended Jul 2026

Revenue$187.94B+5.9% YoY
Operating profit$9.38B+28.8% YoY
Net profit$6.53B-8.7% YoY
Diluted EPS$0.80-9.1% YoY
Free cash flow$7.48B+14.7% YoY
Operating cash flow$14.97B

Revenue, last 8 quarters

$169.6BOct '24$180.6BJan '25$165.6BApr '25$177.4BJul '25$179.5BOct '25$190.7BJan '26$177.8BApr '26$187.9BJul '26

Net profit, last 8 quarters

$4.7BOct '24$5.4BJan '25$4.6BApr '25$7.2BJul '25$6.1BOct '25$4.4BJan '26$5.5BApr '26$6.5BJul '26

Diluted EPS by quarter

0.57Oct '240.65Jan '250.56Apr '250.88Jul '250.77Oct '250.53Jan '260.67Apr '260.80Jul '26

Free cash flow by quarter

$372.0MOct '24$6.4BJan '25$425.0MApr '25$6.5BJul '25$1.9BOct '25$6.1BJan '26$-1.9BApr '26$7.5BJul '26

Annual revenue

$559.2BFY21$572.8BFY22$611.3BFY23$648.1BFY24$681.0BFY25$713.2BFY26

Profitability & balance sheet

Gross margin25.2%
Operating margin4.4%
Net margin3.0%
Return on equity23.4%
Return on assets7.8%
Return on invested capital14.4%
Current ratio0.77
Liabilities / assets64.3%
Cash & investments$11.53B
Total debt$71.16B
Net cash (debt)-$59.63B
Free cash flow / sales1.8%

Where the revenue comes from

Quarter 2027/Q2

By business line

  • Walmart United States (U.S.)$125.94B 67.0%
  • Walmart International$35.62B 19.0%
  • Sam's Club United States (U.S.)$26.37B 14.0%
  • Corporate and support$7.00M 0.0%

Income statement

Line item 2027 Q2 2027 Q1 2026 ANNUAL 2026 Q4 2026 Q3
Total Revenue as Reported $187.94B $177.75B $713.16B $190.66B $179.50B
Total Operating Revenue $187.94B $177.75B $713.16B $190.66B $179.50B
Cost of Revenue $138.80B $133.06B $535.40B $143.62B $134.71B
Gross Profit $49.13B $44.69B $177.77B $47.04B $44.79B
Operating Expense $39.75B $37.20B $147.94B $38.33B $38.09B
Other Operating Expenses $39.75B $37.20B $147.94B $38.33B $38.09B
Operating Profit $9.38B $7.49B $29.83B $8.71B $6.70B
Net Non-Operating Interest Income (Expense) -$171.00M -$620.00M -$2.43B -$621.00M -$591.00M
Non-Operating Interest Income $92.00M $79.00M $368.00M $88.00M $93.00M
Non-Operating Interest Expense $263.00M $699.00M $2.80B $709.00M $684.00M
Other Income (Expense) -$1.20B $275.00M $2.08B -$2.12B $2.08B
Other Non-Operating Income (Expenses) -$1.20B $275.00M $2.08B -$2.12B $2.08B
Pretax Profit $8.01B $7.15B $29.47B $5.97B $8.19B
Tax $1.48B $1.66B $7.20B $1.58B $2.10B
Net Profit $6.53B $5.49B $22.27B $4.39B $6.09B
Profit from Continuing Operations $6.53B $5.49B $22.27B $4.39B $6.09B
Minority Interests $163.00M $160.00M $377.00M $155.00M -$55.00M
Net Income to Parent Company $6.37B $5.33B $21.89B $4.24B $6.14B
Net Income to Common Stockholders $6.37B $5.33B $21.89B $4.24B $6.14B
Basic EPS $0.80 $0.67 $2.74 $0.53 $0.77
Diluted EPS $0.80 $0.67 $2.73 $0.53 $0.77
Dividend Per Share $0.25 $0.25 $0.94 $0.24 $0.24

Balance sheet

Line item 2027 Q2 2027 Q1 2026 ANNUAL 2026 Q4 2026 Q3
Total Assets $293.91B $289.61B $284.67B $284.67B $288.66B
Total Current Assets $88.70B $88.39B $84.87B $84.87B $92.92B
Cash and Cash Equivalents & Short-Term Investments $11.53B $10.73B $10.73B $10.73B $10.58B
-Cash and Cash Equivalents $11.53B $10.73B $10.73B $10.73B $10.58B
Receivables $11.08B $10.66B $11.17B $11.17B $12.12B
-Accounts Receivable $11.08B $10.66B $11.17B $11.17B $12.12B
Inventory $61.60B $62.57B $58.85B $58.85B $65.35B
Other Current Assets $4.50B $4.43B $4.12B $4.12B $4.87B
Total Non-Current Assets $205.21B $201.21B $199.79B $199.79B $195.74B
Net PPE $164.31B $159.04B $156.96B $156.96B $150.84B
-Gross PPE $164.31B $159.04B $277.29B $277.29B $150.84B
Goodwill and Other Intangible Assets $28.26B $28.15B $28.74B $28.74B $28.72B
-Goodwill $28.26B $28.15B $28.74B $28.74B $28.72B
Other Non-Current Assets $12.64B $14.02B $14.10B $14.10B $16.17B
Total Liabilities $189.12B $188.63B $178.49B $178.49B $186.14B
Total Current Liabilities $115.63B $114.58B $107.47B $107.47B $115.73B
Payables $69.01B $69.97B $67.77B $67.77B $69.85B
-Accounts Payable $64.32B $62.88B $63.06B $63.06B $67.16B
-Total Tax Payable $746.00M $1.17B $4.71B $4.71B $789.00M
-Dividends Payable $3.95B $5.92B – – $1.91B
Current Accrued Expenses $30.07B $27.53B $24.14B $24.14B $31.52B
Short-Term Debt and Capital Lease Obligation $16.54B $17.08B $12.63B $12.63B $14.36B
-Current Debt $13.95B $14.57B $10.14B $10.14B $11.92B
-Current Capital Lease Obligation $2.59B $2.51B $2.49B $2.49B $2.43B
Total Non-Current Liabilities $73.49B $74.05B $71.02B $71.02B $70.41B
Long Term Debt and Capital Lease Obligation $57.21B $57.10B $54.47B $54.47B $54.07B
-Long Term Debt $36.46B $36.89B $34.62B $34.62B $34.45B
-Long Term Capital Lease Obligation $20.75B $20.21B $19.85B $19.85B $19.62B
Other Non-Current Liabilities $16.27B $16.95B $16.55B $16.55B $16.35B
Total Equity $104.80B $100.98B $106.18B $106.18B $102.51B
Stockholders' Equity $98.24B $94.33B $99.62B $99.62B $96.09B
Capital Stock $794.00M $796.00M $797.00M $797.00M $797.00M
-Common Stock $794.00M $796.00M $797.00M $797.00M $797.00M
Additional Paid-In Capital $7.05B $6.90B $6.82B $6.82B $6.86B
Retained Earnings $103.60B $100.24B $104.77B $104.77B $101.56B
Gains/Losses Not Affecting Retained Earnings -$13.20B -$13.61B -$12.77B -$12.77B -$13.12B
Minority Interests $6.56B $6.65B $6.56B $6.56B $6.42B
-Accumulated Depreciation – – -$120.34B -$120.34B –
Current Deferred Liabilities – – $2.94B $2.94B –

Cash flow

Line item 2027 Q2 2027 Q1 2026 ANNUAL 2026 Q4 2026 Q3
Operating Cash Flow $14.97B $4.74B $41.57B $14.11B $9.10B
Net cash flow from continuing operations $14.97B $4.74B $41.57B $14.11B $9.10B
Net Income from Continuing Operations $6.53B $5.49B $22.27B $4.39B $6.09B
Gain/Loss from Continuing Operations $1.21B -$260.00M -$2.02B $2.11B -$2.06B
Depreciation & Depletion & Amortization $3.93B $3.82B $14.20B $3.74B $3.61B
Deferred Tax $205.00M $640.00M $2.28B -$33.00M $759.00M
Other Non-Cash Items $405.00M $411.00M $4.08B $1.10B $1.61B
Change in Working Capital $2.70B -$5.36B $752.00M $2.80B -$902.00M
-Change in Receivables -$386.00M $395.00M -$1.14B $992.00M -$1.72B
-Change in Inventory $1.17B -$3.83B -$1.44B $6.78B -$7.56B
-Change in Payables and Accrued Expense $1.91B -$1.93B $3.33B -$4.97B $8.38B
Net cash flow from investing -$7.53B -$6.74B -$26.35B -$7.32B -$7.83B
Net Cash Flow from Continuing Investing Activities -$7.53B -$6.74B -$26.35B -$7.32B -$7.83B
Net PPE Purchase and Sale -$7.41B -$6.65B -$26.54B -$7.98B -$7.19B
Net Other Investing Changes -$160.00M -$89.00M -$688.00M $583.00M -$665.00M
Financing Cash Flow -$7.17B $2.33B -$13.55B -$6.54B -$19.00M
Net Cash Flow from Continuing Financing Activities -$7.17B $2.33B -$13.55B -$6.54B -$19.00M
Net Issuance Payments Of Debt -$1.01B $6.86B $4.88B -$1.79B $2.80B
Net Common Stock Issuance -$3.02B -$2.08B -$8.09B -$1.08B -$808.00M
Cash Dividends Paid -$1.97B -$1.97B -$7.51B -$1.88B -$1.88B
Net Other Financing Charges -$1.17B -$476.00M -$2.84B -$1.79B -$140.00M
Ending Cash Balance $11.99B $11.32B $11.32B $11.32B $11.10B
Net Change in Cash $275.00M $329.00M $1.66B $252.00M $1.25B
Beginning Cash Balance $11.32B $11.32B $9.54B $11.10B $9.88B
Effect of Exchange Rate Changes $398.00M -$331.00M $123.00M -$28.00M -$30.00M
Free Cash Flow $7.48B -$1.95B $14.92B $6.10B $1.88B
Net Business Purchase and Sale – – -$53.00M – –
Net Investment Purchase and Sale – – $927.00M $128.00M $24.00M
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