Walmart Inc. (WMT) — Financial statements
Income statement, balance sheet, and cash flow for Walmart Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 713,163↑4.7% | 680,985↑5.1% | 648,125↑6.0% | 611,289↑6.7% | 572,754 | |
| Cost of Revenue | 535,395↑4.6% | 511,753↑4.4% | 490,142↑5.7% | 463,721↑8.1% | 429,000 | |
| Gross Profit | 177,768↑5.0% | 169,232↑7.1% | 157,983↑7.1% | 147,568↑2.7% | 143,754 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 139,884↑6.8% | 130,971↑3.0% | 127,140↑7.9% | 117,812 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 147,943↑5.8% | 139,884↑6.8% | 130,971↑3.0% | 127,140↑7.9% | 117,812 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 147,943↑5.8% | 139,884↑6.8% | 130,971↑3.0% | 127,140↑7.9% | 117,812 | |
| Total Costs & Expenses | 683,338↑4.9% | 651,637↑4.9% | 621,113↑5.1% | 590,861↑8.1% | 546,812 | |
| Operating Results | ||||||
| Operating Income | 29,825↑1.6% | 29,348↑8.6% | 27,012↑32.2% | 20,428↓21.3% | 25,942 | |
| Depreciation & Amortization | 14,203↑9.5% | 12,973↑9.4% | 11,853↑8.3% | 10,945↑2.7% | 10,658 | |
| EBITDA | 46,471↑10.6% | 42,010↑15.5% | 36,384↑20.9% | 30,089↓4.0% | 31,348 | |
| EBIT | 32,268↑11.1% | 29,037↑18.4% | 24,531↑28.1% | 19,144↓7.5% | 20,690 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2,431↓8.3% | -2,245↓5.1% | -2,137↓14.0% | -1,874↓2.1% | -1,836 | |
| Interest Income | 368↓23.8% | 483↓11.5% | 546↑115.0% | 254↑60.8% | 158 | |
| Interest Expense | 2,799↑2.6% | 2,728↑1.7% | 2,683↑26.1% | 2,128↑6.7% | 1,994 | |
| Non-Operating Income | -2,443↓885.5% | 311↓87.5% | 2,481↑93.2% | 1,284↓75.6% | 5,252 | |
| Other Income / Expenses | -356↑88.3% | -3,039↑41.2% | -5,164↓51.3% | -3,412↑52.9% | -7,246 | |
| Income Before Tax | 29,469↑12.0% | 26,309↑20.4% | 21,848↑28.4% | 17,016↓9.0% | 18,696 | |
| Income Tax Expense | 7,199↑17.0% | 6,152↑10.3% | 5,578↓2.6% | 5,724↑20.4% | 4,756 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 22,270↑10.5% | 20,157↑23.9% | 16,270↑44.1% | 11,292↓19.0% | 13,940 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 21,893↑12.6% | 19,436↑25.3% | 15,511↑32.8% | 11,680↓14.6% | 13,673 | |
| Bottom-Line Net Income | 21,893↑12.6% | 19,436↑25.3% | 15,511↑32.8% | 11,680↓14.6% | 13,673 | |
| EPS (Basic) | 2.74↑13.2% | 2.42↑26.0% | 1.92↑34.3% | 1.43↓12.3% | 1.63 | |
| EPS (Diluted) | 2.73↑13.3% | 2.41↑26.2% | 1.91↑34.5% | 1.42↓12.3% | 1.62 | |
| Weighted Average Shares | 7,983↓0.7% | 8,041↓0.4% | 8,077↓1.2% | 8,172↓2.4% | 8,376 | |
| Weighted Average Diluted Shares | 8,022↓0.7% | 8,081↓0.3% | 8,109↓1.1% | 8,202↓2.5% | 8,415 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.