Income StatementBalance SheetCash FlowBusiness Segments
Walmart logo

Walmart Business Segments

Business, geographic, and product segment breakdowns

Walmart generates $680.99B in annual revenue across 1 key segments: Walmart US ($465.01B). The company-wide operating margin is 4.31%. Based on the Q4 2025 filing.

Walmart US (TTM)$465.01B
Latest FilingQ4 2025
Report Date2025-12-03
Market Cap$979.73B
P/E Ratio50.41
ROE19.78%

Business Segments

Net Sales

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart US$115.3B$114.9B$109.3B$112.8B$121.6B$121.3B

Membership and other income

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart U.S.$604.0M$618.0M$644.0M$636.0M$649.0M$665.0M
Sam's Club U.S.$579.0M$588.0M$434.0M$607.0M$617.0M$665.0M
Walmart International$371.0M$367.0M$327.0M$379.0M$381.0M$391.0M

Cost of Sales

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart U.S.$83.5B$83.4B$80.5B$81.4B$87.2B$87.4B
Walmart International$23.0B$23.7B$20.8B$23.5B$24.5B$26.5B
Sam's Club U.S.$20.3B$20.2B$18.7B$19.5B$21.1B$20.8B

Operating, selling, general and administrative expenses

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart U.S.$25.8B$26.7B$23.1B$25.7B$27.6B$28.2B
Walmart International$5.6B$5.7B$4.6B$5.4B$5.9B$6.7B
Sam's Club U.S.$2.5B$2.6B$2.2B$2.5B$2.7B$2.7B

Operating Income (Loss)

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart US$6.6B$5.4B$5.7B$5.7B$6.7B$5.8B
Walmart International$1.4B$1.2B$2.3B$1.3B$1.2B$702.0M
Sam's Club U.S.$581.0M$634.0M$558.0M$686.0M$489.0M$671.0M

Revenue

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart International$29.6B$30.3B$28.1B$29.8B$31.6B$33.9B
Sam's Club U.S.$23.4B$23.4B$21.4B$22.7B$24.3B$24.2B

Fuel-related expenses

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Sam's Club U.S.$2.7B$2.4B$3.2B$2.2B$2.3B$2.2B

D&A

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart US$2.1B$2.2B$1.6B$2.2B$2.3B$2.4B
Walmart International$562.0M$556.0M$555.0M$549.0M$572.0M$584.0M
Sam's Club U.S.$171.0M$179.0M$125.0M$189.0M$195.0M$197.0M

CapEx

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart US$4.0B$4.2B$2.4B$3.8B$4.8B$5.5B
Walmart International$754.0M$952.0M$1.2B$481.0M$746.0M$801.0M
Sam's Club U.S.$294.0M$373.0M$587.0M$144.0M$194.0M$287.0M

Total Assets

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart US——$150.0B$150.8B$156.4B$168.3B
Walmart International——$80.0B$80.7B$82.8B$88.2B
Sam's Club U.S.——$16.9B$16.8B$16.8B$17.4B

Share-based payment arrangement, expense

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart International————$700.0M—

Goodwill

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart US——$4.7B———
Walmart International——$23.7B———
Sam's Club U.S.——$321.0M———

Changes in currency translation and other

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart International-$14.5M-$14.5M-$174.0M-$174.0M-$174.0M-$174.0M
Walmart US-$2.5M-$2.5M$0.0$0.0$0.0$0.0
Sam's Club U.S.$0.0$0.0$0.0$0.0$0.0$0.0

Acquisitions

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Walmart US$0.0$0.0$343.8M$343.8M$343.8M$343.8M
Walmart International$1.8M$1.8M$0.0$0.0$0.0$0.0
Sam's Club U.S.$0.0$0.0$0.0$0.0$0.0$0.0

Products & Services

Net Sales

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Grocery$84.0B$85.2B$76.8B$83.3B$87.5B$88.4B
General merchandise$31.8B$29.1B$35.1B$27.8B$32.3B$29.9B
Healthand Wellness$16.5B$18.0B$12.4B$17.5B$18.5B$19.7B

Membership and other income

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Membership Fees$775.0M$775.0M$950.0M$950.0M$950.0M$950.0M

Cookie Preferences

We use cookies for analytics. See our Privacy and Cookie Policy.