WMT (Walmart Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It o...

CEOJohn R. Furner

Country🇺🇸 United States

ExchangeNASDAQ

IPOAug 25, 1972

corporate.walmart.com

Revenue$190.7B

YoY Growth+5.6%

QoQ Growth+6.2%

Net Income$4.2B

EPS$0.53

Free Cash Flow$6.1B

Gross Margin24.7%

Op. Margin4.6%

Net Margin2.2%

FCF Margin3.2%

Rev Multiple (TTM)1.4x

P/E Ratio (TTM)45.5x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 24	$152.3B	$37.0B	$6.2B
Q2 24	$161.6B	$39.8B	$7.3B
Q3 24	$160.8B	$39.6B	$6.2B
Q4 24	$173.4B	$41.6B	$7.3B
Q1 25	$161.5B	$40.1B	$6.8B
Q2 25	$169.3B	$42.5B	$7.9B
Q3 25	$169.6B	$42.2B	$6.7B
Q4 25	$180.6B	$44.4B	$7.9B
Q1 26	$165.6B	$41.3B	$7.1B
Q2 26	$177.4B	$44.6B	$7.3B
Q3 26	$179.5B	$44.8B	$6.7B
Q4 26	$190.7B	$47.0B	$8.7B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 24	1.6x	88.2x
Q2 24	1.6x	70.9x
Q3 24	1.6x	61.1x
Q4 24	1.5x	64.2x
Q1 25	1.5x	52.6x
Q2 25	1.5x	64.1x
Q3 25	1.5x	50.6x
Q4 25	1.5x	51.3x
Q1 26	1.5x	52.9x
Q2 26	1.4x	46.7x
Q3 26	1.4x	43.5x
Q4 26	1.4x	45.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	$4.6B	$204M
Q2 24	$13.6B	$8.8B
Q3 24	$813M	-$4.6B
Q4 24	$16.7B	$10.8B
Q1 25	$4.2B	-$427M
Q2 25	$12.1B	$6.3B
Q3 25	$6.6B	$372M
Q4 25	$13.5B	$6.4B
Q1 26	$5.4B	$425M
Q2 26	$12.9B	$6.5B
Q3 26	$9.1B	$1.9B
Q4 26	$14.1B	$6.1B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 24	$4.4B
Q2 24	$4.8B
Q3 24	$5.5B
Q4 24	$5.9B
Q1 25	$4.7B
Q2 25	$5.8B
Q3 25	$6.2B
Q4 25	$7.1B
Q1 26	$5.0B
Q2 26	$6.4B
Q3 26	$7.2B
Q4 26	$8.0B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+7.6%	+7.2%
Q2 24	+5.7%	+5.7%
Q3 24	+5.2%	+3.0%
Q4 24	+5.7%	+4.8%
Q1 25	+6.0%	+5.9%
Q2 25	+4.8%	+4.6%
Q3 25	+5.5%	+5.4%
Q4 25	+4.1%	+3.9%
Q1 26	+2.5%	+2.5%
Q2 26	+4.8%	+5.4%
Q3 26	+5.8%	+6.1%
Q4 26	+5.6%	+5.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%
Q2 26	$0	0.0%
Q3 26	$0	0.0%
Q4 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 24	$30.8B	—
Q2 24	$32.5B	—
Q3 24	$33.4B	—
Q4 24	$34.3B	—
Q1 25	$33.2B	—
Q2 25	$34.6B	—
Q3 25	$35.5B	—
Q4 25	$36.5B	—
Q1 26	$34.2B	—
Q2 26	—	$37.3B
Q3 26	—	$38.1B
Q4 26	—	$38.3B

Revenue Segments

Quarter	Sams Club	Walmart International	Walmart U S
Q1 24	$20.5B	$26.6B	$103.9B
Q2 24	$21.8B	$27.6B	$110.9B
Q3 24	$22.0B	$28.0B	$109.4B
Q4 24	$21.9B	$32.4B	$117.6B
Q1 25	$21.4B	$29.8B	$108.7B
Q2 25	$22.9B	$29.6B	$115.3B
Q3 25	$22.9B	$30.3B	$114.9B
Q4 25	$23.1B	$32.2B	$123.5B
Q1 26	$22.1B	$29.8B	$112.2B
Q2 26	$23.6B	$31.2B	$120.9B
Q3 26	$23.6B	$33.5B	$120.7B

Revenue by Geography

Quarter	Non-United States	United States
Q1 26	$30.1B	$135.5B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 24	$10.6B	$0	$10.6B
Q2 24	$13.9B	$0	$13.9B
Q3 24	$12.2B	$0	$12.2B
Q4 24	$9.9B	$0	$9.9B
Q1 25	$9.4B	$0	$9.4B
Q2 25	$8.8B	$0	$8.8B
Q3 25	$10.0B	$0	$10.0B
Q4 25	$9.0B	$0	$9.0B
Q1 26	$9.3B	$0	$9.3B
Q2 26	$9.4B	$0	$9.4B
Q3 26	$10.6B	$0	$10.6B
Q4 26	$10.7B	$0	$10.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 24	8.11B	-0.1%
Q2 24	8.11B	-0.0%
Q3 24	8.11B	-0.0%
Q4 24	8.10B	-0.1%
Q1 25	8.08B	-0.2%
Q2 25	8.08B	-0.0%
Q3 25	8.08B	+0.0%
Q4 25	8.08B	-0.0%
Q1 26	8.05B	-0.3%
Q2 26	8.02B	-0.4%
Q3 26	8.01B	-0.1%
Q4 26	8.01B	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 15	$221K	2.2M
FY 16	$210K	2.3M
FY 17	$211K	2.3M
FY 18	$218K	2.3M
FY 19	$234K	2.2M
FY 20	$238K	2.2M
FY 21	$243K	2.3M
FY 22	$249K	2.3M
FY 23	$291K	2.1M
FY 24	$309K	2.1M
FY 25	$324K	2.1M
FY 26	$340K	2.1M