WMT
Walmart Inc.
NASDAQ: WMT · CONSUMER DEFENSIVE · DISCOUNT STORES
$131.93
+3.06% today
Updated 2026-04-29
Market cap
$1.04T
P/E ratio
47.59
P/S ratio
1.45x
EPS (TTM)
$2.73
Dividend yield
0.71%
52W range
$91 – $134
Volume
20.3M
Walmart Inc. (WMT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $348.65B | $377.02B | $404.25B | $408.08B | $421.85B | $446.51B | $468.65B | $476.29B | $485.65B | $482.13B | $485.87B | $500.34B | $514.40B | $523.96B | $559.15B | $572.75B | $611.29B | $648.13B | $680.99B | $713.16B |
| Revenue growth (YoY) | — | +8.1% | +7.2% | +0.9% | +3.4% | +5.8% | +5.0% | +1.6% | +2.0% | -0.7% | +0.8% | +3.0% | +2.8% | +1.9% | +6.7% | +2.4% | +6.7% | +6.0% | +5.1% | +4.7% |
| Cost of revenue | $264.15B | $284.14B | $303.94B | $304.11B | $314.95B | $334.99B | $352.30B | $358.07B | $365.09B | $360.98B | $361.26B | $373.40B | $385.30B | $394.61B | $420.31B | $429.00B | $463.72B | $490.14B | $511.75B | $535.39B |
| Gross profit | $84.50B | $92.89B | $100.31B | $103.98B | $106.90B | $111.52B | $116.35B | $118.22B | $120.56B | $121.15B | $124.62B | $126.95B | $129.10B | $129.36B | $138.84B | $143.75B | $147.57B | $157.98B | $169.23B | $177.77B |
| Gross margin | 24.2% | 24.6% | 24.8% | 25.5% | 25.3% | 25.0% | 24.8% | 24.8% | 24.8% | 25.1% | 25.6% | 25.4% | 25.1% | 24.7% | 24.8% | 25.1% | 24.1% | 24.4% | 24.9% | 24.9% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $64.00B | $70.29B | $76.65B | $79.61B | $81.02B | $85.27B | $86.57B | $88.95B | $91.02B | $94.54B | $98.95B | $102.91B | $103.65B | $108.79B | $116.29B | $117.81B | $127.14B | $130.97B | $139.88B | — |
| Operating income | $20.50B | $21.95B | $22.77B | $24.00B | $25.54B | $26.49B | $27.73B | $26.87B | $27.15B | $24.11B | $22.76B | $20.44B | $21.96B | $20.57B | $22.55B | $25.94B | $20.43B | $27.01B | $29.35B | $29.82B |
| Operating margin | 5.9% | 5.8% | 5.6% | 5.9% | 6.1% | 5.9% | 5.9% | 5.6% | 5.6% | 5.0% | 4.7% | 4.1% | 4.3% | 3.9% | 4.0% | 4.5% | 3.3% | 4.2% | 4.3% | 4.2% |
| EBITDA | $26.24B | $28.58B | $29.79B | $31.34B | $33.38B | $34.76B | $36.39B | $35.86B | $36.32B | $33.56B | $32.84B | $27.98B | $24.53B | $33.70B | $34.03B | $31.35B | $30.09B | $36.38B | $42.01B | $46.47B |
| EBITDA margin | 7.5% | 7.6% | 7.4% | 7.7% | 7.9% | 7.8% | 7.8% | 7.5% | 7.5% | 7.0% | 6.8% | 5.6% | 4.8% | 6.4% | 6.1% | 5.5% | 4.9% | 5.6% | 6.2% | 6.5% |
| EBIT | $20.78B | $22.26B | $23.05B | $24.18B | $25.74B | $26.65B | $27.91B | $26.99B | $27.15B | $24.11B | $22.76B | $17.45B | $13.86B | $22.71B | $22.88B | $20.69B | $19.14B | $24.53B | $29.04B | $32.27B |
| Interest expense | $1.81B | $2.10B | $2.18B | $2.06B | $2.21B | $2.32B | $2.25B | $2.33B | $2.46B | $2.55B | $2.37B | $2.33B | $2.35B | $2.60B | $2.31B | $1.99B | $2.13B | $2.68B | $2.73B | $2.80B |
| Income tax | $6.37B | $6.89B | $7.13B | $7.16B | $7.58B | $7.92B | $7.96B | $8.11B | $7.99B | $6.56B | $6.20B | $4.60B | $4.28B | $4.92B | $6.86B | $4.76B | $5.72B | $5.58B | $6.15B | $7.58B |
| Effective tax rate | 36.1% | 35.1% | 34.8% | 33.2% | 31.6% | 33.5% | 31.9% | 33.6% | 32.8% | 30.9% | 31.3% | 31.8% | 39.1% | 24.8% | 33.7% | 25.8% | 32.9% | 26.4% | 24.0% | 25.7% |
| Net income | $11.28B | $12.73B | $13.38B | $14.37B | $16.39B | $15.70B | $17.00B | $16.02B | $16.36B | $14.69B | $13.64B | $9.86B | $6.67B | $14.88B | $13.51B | $13.67B | $11.68B | $15.51B | $19.44B | $21.89B |
| Net income growth (YoY) | — | +12.8% | +5.1% | +7.4% | +14.1% | -4.2% | +8.3% | -5.7% | +2.1% | -10.2% | -7.2% | -27.7% | -32.4% | +123.1% | -9.2% | +1.2% | -14.6% | +32.8% | +25.3% | +12.6% |
| Profit margin | 3.2% | 3.4% | 3.3% | 3.5% | 3.9% | 3.5% | 3.6% | 3.4% | 3.4% | 3.0% | 2.8% | 2.0% | 1.3% | 2.8% | 2.4% | 2.4% | 1.9% | 2.4% | 2.9% | 3.1% |