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Walmart WMT Q3 2025 earnings

Reported November 19, 2024 · Before market open

Revenue estimate$167.69B
EPS estimate$0.53

Next report

Aug 20, 2026 (in a month)
Revenue estimate$186.96B
EPS estimate$0.74

Financials

Q3 2025

Income statement

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Revenue$169.59B+5.5%
Gross profit$42.2B+6.6%
Operating income$6.7B+8.2%
Net income$4.6B+910%
EPS (diluted)$0.57+850%

Balance sheet

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Cash & equivalents$10.2B-17.3%
Total debt$61.7B-11.5%
Total equity$88.1B+10.9%
Total assets$263.40B+1.6%

Cash flow

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Operating cash flow$6.6B+707%
CapEx$6.2B+13.4%
Free cash flow$372.0M

Valuation & ratios

Valuation

as of 10/31/24
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Market cap$659.21B+50.0%
Enterprise value$710.79B+43.0%
P/E33.5×+6.5×
P/S+0.3×

Profitability

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Gross margin24.7%+0.4pp
Operating margin4.3%+0.3pp
Net margin2.9%+0.4pp
FCF margin2.5%

Returns & leverage

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Return on equity23.5%+2.0pp
Debt / equity0.7×-0.2×
Current ratio0.8×0.0×

Segments

By segment

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Walmart U.S.$115.49B+5.6%
Walmart International$30.6B+9.4%

By geography

See full
Mexico and Central America$12.1B-2.6%
Other$7.4B+29.0%

By product

See full
Health and wellness$17.7B+14.0%

Versus estimates

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Questions, answered.

When did Walmart report Q3 2025 earnings?
Walmart (WMT) reported Q3 2025 earnings on November 19, 2024 before market open.
What were Walmart 's Q3 2025 revenue and EPS?
Walmart reported revenue of $169.59B and diluted EPS of $0.58 for Q3 2025.
Did Walmart beat estimates in Q3 2025?
Revenue beat the consensus estimate of $167.69B by $1.9B. EPS beat the consensus estimate of $0.53 by $0.05.
Where can I find Walmart 's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000104169-24-000178) directly on SEC EDGAR. The filing index links above go to sec.gov.