Walmart Inc (WMT) financials
Walmart revenue and earnings by year
Walmart's revenue was $713 billion in the fiscal year to January 31, 2026, up 4.7% from the year before. Net income was $21.9 billion, 3.1% of revenue. Since the fiscal year to January 31, 2017, revenue has grown 4.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 713.2 | 681.0 | 648.1 | 611.3 | 572.8 | 559.2 | 524.0 | 514.4 | 500.3 | 485.9 |
| Revenue growth | 4.7% | 5.1% | 6.0% | 6.7% | 2.4% | 6.7% | 1.9% | 2.8% | 3.0% | — |
| Gross profit | 177.8 | 169.2 | 158.0 | 147.6 | 143.8 | 138.8 | 129.4 | 129.1 | 126.9 | 124.6 |
| Gross margin | 24.9% | 24.9% | 24.4% | 24.1% | 25.1% | 24.8% | 24.7% | 25.1% | 25.4% | 25.6% |
| Operating income | 29.8 | 29.3 | 27.0 | 20.4 | 25.9 | 22.5 | 20.6 | 22.0 | 20.4 | 22.8 |
| Operating margin | 4.2% | 4.3% | 4.2% | 3.3% | 4.5% | 4.0% | 3.9% | 4.3% | 4.1% | 4.7% |
| Net income | 21.9 | 19.4 | 15.5 | 11.7 | 13.7 | 13.5 | 14.9 | 6.7 | 9.9 | 13.6 |
| Net margin | 3.1% | 2.9% | 2.4% | 1.9% | 2.4% | 2.4% | 2.8% | 1.3% | 2.0% | 2.8% |
| Diluted EPS | $2.73 | $2.41 | $1.91 | $1.42 | $1.62 | $1.58 | $1.73 | $0.76 | $1.09 | $1.46 |
| Free cash flow | 15.0 | 13.1 | 15.4 | 12.2 | 11.5 | 26.0 | 14.9 | 17.9 | 18.7 | 21.5 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WMT in Markets.
How Walmart makes money
Revenue by segment in the quarter to July 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Walmart US | $126B | 67.0% |
| Walmart International | $35.6B | 19.0% |
| Sams Club US | $26.4B | 14.0% |
See also: WMT valuation and P/E history · WMT returns
No forecast, no recommendation. This page describes Walmart Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.