Income StatementBalance SheetCash FlowSegments
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Walmart Business Segments

Business, geographic, and product segment breakdowns

Walmart generates $725.31B in annual revenue across 2 key segments: Sam's Club U.S. ($96.3B), and Walmart International ($137.39B). The company-wide operating margin is 4.16%. Based on the Q2 2026 filing.

Sam's Club U.S. (TTM)$96.3BWalmart International (TTM)$137.39B
Latest FilingQ2 2026
Report Date2026-05-21
Market Cap$958.67B
P/E Ratio42.17
ROE25.53%

Products & Services

Net Sales

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Fuel and other$2.9B$2.9B$3.1B$3.0B$2.7B—
General merchandise$36.0B$27.8B$32.3B$29.9B$36.5B—
Grocery$87.0B$83.3B$87.5B$88.4B$91.0B—
Health and wellness$17.8B$17.5B$18.5B$19.7B$19.0B—
Other$2.9B$2.8B$3.1B$3.2B$3.7B—

Membership and other income

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Membership Fees$950.0M$1.1B$1.1B$1.1B$1.1B—

Geographic

Net Sales

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Mexico and Central America$13.6B$11.7B$12.5B$12.9B$15.4B—
Other$7.5B$6.3B$6.8B$8.6B$8.0B—

Business Segments

Acquisitions

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$0.0$0.0$0.0$0.0$0.0—
Walmart U.S.$343.8M$0.0$0.0$0.0$0.0—
Walmart International$0.0$2.3M$2.3M$2.3M$2.3M—

CapEx

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$393.0M$144.0M$194.0M$287.0M$289.0M—
Walmart International$1.0B$481.0M$746.0M$801.0M$1.2B—
Walmart U.S.$4.7B$3.8B$4.8B$5.5B$6.1B—

Changes in currency translation and other

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$0.0$0.0$0.0$0.0$0.0—
Walmart U.S.$0.0$13.3M$13.3M$13.3M$13.3M—
Walmart International-$174.0M-$29.8M-$29.8M-$29.8M-$29.8M—

Cost of Sales

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$20.5B$19.5B$21.1B$20.8B$21.1B—
Walmart International$25.2B$23.5B$24.5B$26.5B$28.1B—
Walmart U.S.$90.5B$81.4B$87.2B$87.4B$94.4B—

D&A

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$189.0M$189.0M$195.0M$197.0M$201.0M—
Walmart International$573.0M$549.0M$572.0M$584.0M$599.0M—
Walmart U.S.$2.2B$2.2B$2.3B$2.4B$2.5B—

Fuel-related expenses

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$2.2B$2.2B$2.3B$2.2B$2.0B—

Membership and other income

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Walmart U.S.$759.0M$636.0M$649.0M$665.0M$674.0M$926.0M
Sam's Club U.S.$595.0M$607.0M$617.0M$665.0M$636.0M—
Walmart International$356.0M$379.0M$381.0M$391.0M$414.0M—

Operating Income (Loss)

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Walmart U.S.$6.5B$5.7B$6.7B$5.8B$7.0B$5.9B
Walmart International$1.4B$1.3B$1.2B$702.0M$1.9B$1.6B
Sam's Club U.S.$574.0M$686.0M$489.0M$671.0M$596.0M$674.0M

Operating, selling, general and administrative expenses

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$2.6B$2.5B$2.7B$2.7B$2.7B—
Walmart International$5.9B$5.4B$5.9B$6.7B$6.3B—
Walmart U.S.$27.3B$25.7B$27.6B$28.2B$28.5B—

Revenue

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Walmart International$32.6B$29.8B$31.6B$33.9B$36.3B$35.5B
Sam's Club U.S.$23.7B$22.7B$24.3B$24.2B$24.4B$23.4B

Total Assets

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sam's Club U.S.$16.9B$16.8B$16.8B$17.4B$17.2B—
Walmart International$80.0B$80.7B$82.8B$88.2B$86.1B—
Walmart U.S.$150.0B$150.8B$156.4B$168.3B$165.6B—

Share-based payment arrangement, expense

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Walmart International———$700.0M——

Net Sales

SegmentQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Walmart U.S.$124.3B$112.8B$121.6B$121.3B$129.9B$117.2B