InsiderClue
Stocks · Consumer staples · Retail-Variety Stores

Walmart Inc.

WMT Clue Score60
United States Fiscal year ends January CIK 0000104169
$111.35 +0.71% Close, 9 Oct 2026
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Price $111.35 −20.20% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue481.32Operating income22.76Net income13.64EPS, diluted4.38Fiscal year 2018Revenue495.76 +3.0%Operating income20.44Net income9.86 −27.7%EPS, diluted3.28Fiscal year 2019Revenue510.33 +2.9%Operating income21.96Net income6.67 −32.4%EPS, diluted2.26Fiscal year 2020Revenue519.93 +1.9%Operating income20.57Net income14.88 +123.1%EPS, diluted5.19Fiscal year 2021Revenue555.23 +6.8%Operating income22.55Net income13.51 −9.2%EPS, diluted4.75Fiscal year 2022Revenue567.76 +2.3%Operating income25.94Net income13.67 +1.2%EPS, diluted1.62Fiscal year 2023Revenue605.88 +6.7%Operating income20.43Net income11.68 −14.6%EPS, diluted1.42Fiscal year 2024Revenue642.64 +6.1%Operating income27.01Net income15.51 +32.8%EPS, diluted1.91Fiscal year 2025Revenue674.54 +5.0%Operating income29.35Net income19.44 +25.3%EPS, diluted2.41Fiscal year 2026Revenue706.41 +4.7%Operating income29.83Net income21.89 +12.6%EPS, diluted2.73
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 481.32 495.76 510.33 519.93 555.23 567.76 605.88 642.64 674.54 706.41
Growth +3.0% +2.9% +1.9% +6.8% +2.3% +6.7% +6.1% +5.0% +4.7%
Operating income 22.76 20.44 21.96 20.57 22.55 25.94 20.43 27.01 29.35 29.83
Net income 13.64 9.86 6.67 14.88 13.51 13.67 11.68 15.51 19.44 21.89
Growth −27.7% −32.4% +123.1% −9.2% +1.2% −14.6% +32.8% +25.3% +12.6%
EPS, diluted 4.38 3.28 2.26 5.19 4.75 1.62 1.42 1.91 2.41 2.73

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin4.7%Net margin2.8%Free cash flow margin4.4%Fiscal year 2018Operating margin4.1%Net margin2.0%Free cash flow margin3.7%Fiscal year 2019Operating margin4.3%Net margin1.3%Free cash flow margin3.4%Fiscal year 2020Operating margin4.0%Net margin2.9%Free cash flow margin2.8%Fiscal year 2021Operating margin4.1%Net margin2.4%Free cash flow margin4.6%Fiscal year 2022Operating margin4.6%Net margin2.4%Free cash flow margin2.0%Fiscal year 2023Operating margin3.4%Net margin1.9%Free cash flow margin2.0%Fiscal year 2024Operating margin4.2%Net margin2.4%Free cash flow margin2.4%Fiscal year 2025Operating margin4.4%Net margin2.9%Free cash flow margin1.9%Fiscal year 2026Operating margin4.2%Net margin3.1%Free cash flow margin2.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating margin 4.7% 4.1% 4.3% 4.0% 4.1% 4.6% 3.4% 4.2% 4.4% 4.2%
Net margin 2.8% 2.0% 1.3% 2.9% 2.4% 2.4% 1.9% 2.4% 2.9% 3.1%
Free cash flow margin 4.4% 3.7% 3.4% 2.8% 4.6% 2.0% 2.0% 2.4% 1.9% 2.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow31.67Capital expenditure−10.62Free cash flow21.05Buybacks−8.30Dividends paid−6.22Fiscal year 2018Operating cash flow28.34Capital expenditure−10.05Free cash flow18.29 −13.1%Buybacks−8.30Dividends paid−6.12Fiscal year 2019Operating cash flow27.75Capital expenditure−10.34Free cash flow17.41 −4.8%Buybacks−7.41Dividends paid−6.10Fiscal year 2020Operating cash flow25.26Capital expenditure−10.71Free cash flow14.55 −16.4%Buybacks−5.72Dividends paid−6.05Fiscal year 2021Operating cash flow36.07Capital expenditure−10.26Free cash flow25.81 +77.4%Buybacks−2.63Dividends paid−6.12Fiscal year 2022Operating cash flow24.18Capital expenditure−13.11Free cash flow11.08 −57.1%Buybacks−9.79Dividends paid−6.15Fiscal year 2023Operating cash flow28.84Capital expenditure−16.86Free cash flow11.98 +8.2%Buybacks−9.92Dividends paid−6.11Fiscal year 2024Operating cash flow35.73Capital expenditure−20.61Free cash flow15.12 +26.2%Buybacks−2.78Dividends paid−6.14Fiscal year 2025Operating cash flow36.44Capital expenditure−23.78Free cash flow12.66 −16.3%Buybacks−4.49Dividends paid−6.69Fiscal year 2026Operating cash flow41.57Capital expenditure−26.64Free cash flow14.92 +17.9%Buybacks−8.09Dividends paid−7.51
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 31.67 28.34 27.75 25.26 36.07 24.18 28.84 35.73 36.44 41.57
Capital expenditure −10.62 −10.05 −10.34 −10.71 −10.26 −13.11 −16.86 −20.61 −23.78 −26.64
Free cash flow 21.05 18.29 17.41 14.55 25.81 11.08 11.98 15.12 12.66 14.92
Growth −13.1% −4.8% −16.4% +77.4% −57.1% +8.2% +26.2% −16.3% +17.9%
Buybacks −8.30 −8.30 −7.41 −5.72 −2.63 −9.79 −9.92 −2.78 −4.49 −8.09
Dividends paid −6.22 −6.12 −6.10 −6.05 −6.12 −6.15 −6.11 −6.14 −6.69 −7.51

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash6.87Total debt38.27Net cash (debt)−31.40Shareholders’ equity77.80Debt to equity0.49Fiscal year 2018Cash6.76Total debt33.78Net cash (debt)−27.03Shareholders’ equity77.87Debt to equity0.43Fiscal year 2019Cash7.72Total debt45.40Net cash (debt)−37.67Shareholders’ equity72.50Debt to equity0.63Fiscal year 2020Cash9.47Total debt49.08Net cash (debt)−39.61Shareholders’ equity74.67Debt to equity0.66Fiscal year 2021Cash17.74Total debt44.31Net cash (debt)−26.57Shareholders’ equity80.93Debt to equity0.55Fiscal year 2022Cash14.76Total debt37.67Net cash (debt)−22.91Shareholders’ equity83.25Debt to equity0.45Fiscal year 2023Cash8.63Total debt38.84Net cash (debt)−30.22Shareholders’ equity76.69Debt to equity0.51Fiscal year 2024Cash9.87Total debt39.58Net cash (debt)−29.71Shareholders’ equity83.86Debt to equity0.47Fiscal year 2025Cash9.04Total debt36.00Net cash (debt)−26.96Shareholders’ equity91.01Debt to equity0.40Fiscal year 2026Cash10.73Total debt38.17Net cash (debt)−27.44Shareholders’ equity99.62Debt to equity0.38
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 6.87 6.76 7.72 9.47 17.74 14.76 8.63 9.87 9.04 10.73
Total debt 38.27 33.78 45.40 49.08 44.31 37.67 38.84 39.58 36.00 38.17
Net cash (debt) −31.40 −27.03 −37.67 −39.61 −26.57 −22.91 −30.22 −29.71 −26.96 −27.44
Shareholders’ equity 77.80 77.87 72.50 74.67 80.93 83.25 76.69 83.86 91.01 99.62
Debt to equity 0.49 0.43 0.63 0.66 0.55 0.45 0.51 0.47 0.40 0.38

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Jan 2017 FY2018 31 Jan 2018 FY2019 31 Jan 2019 FY2020 31 Jan 2020 FY2021 31 Jan 2021 FY2022 31 Jan 2022 FY2023 31 Jan 2023 FY2024 31 Jan 2024 FY2025 31 Jan 2025 FY2026 31 Jan 2026
Margins
4.7% 4.1% 4.3% 4.0% 4.1% 4.6% 3.4% 4.2% 4.4% 4.2%
4.3% 3.1% 2.2% 3.9% 3.7% 3.3% 2.8% 3.4% 3.9% 4.2%
2.8% 2.0% 1.3% 2.9% 2.4% 2.4% 1.9% 2.4% 2.9% 3.1%
4.4% 3.7% 3.4% 2.8% 4.6% 2.0% 2.0% 2.4% 1.9% 2.1%
Spending
21.2% 21.5% 21.0% 20.9% 20.9% 20.8% 21.0% 20.4% 20.7% 20.9%
2.2% 2.0% 2.0% 2.1% 1.8% 2.3% 2.8% 3.2% 3.5% 3.8%
30.3% 30.4% 37.4% 24.4% 33.3% 25.4% 33.6% 25.5% 23.4% 24.4%
Returns
17.5% 12.7% 9.2% 19.9% 16.7% 16.4% 15.2% 18.5% 21.4% 22.0%
6.9% 4.8% 3.0% 6.3% 5.4% 5.6% 4.8% 6.1% 7.5% 7.7%
Balance and payout
0.49 0.43 0.63 0.66 0.55 0.45 0.51 0.47 0.40 0.38
45.6% 62.1% 91.5% 40.6% 45.3% 45.0% 52.3% 39.6% 34.4% 34.3%
68.9% 78.9% 77.6% 80.9% 33.9% 143.9% 133.8% 59.0% 88.3% 104.5%