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Walmart WMT Q4 2025 Annual earnings

Reported February 20, 2025 · Before market open

Revenue estimate$180.07B
EPS estimate$0.65

Next report

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

Financials

Q4 2025

Income statement

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Revenue$180.55B+4.1%
Gross profit$44.4B+6.8%
Operating income$7.9B+8.3%
Net income$5.3B-4.4%
EPS (diluted)$0.66-1.5%

Balance sheet

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Cash & equivalents$9.5B-4.0%
Total debt$60.1B-2.0%
Total equity$91.0B+8.5%
Total assets$260.82B+3.3%

Cash flow

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Operating cash flow$13.5B-19.1%
CapEx$7.1B+19.5%
Free cash flow$6.4B-40.3%

Valuation & ratios

Valuation

as of 01/31/25
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Market cap$788.56B+77.8%
Enterprise value$839.14B+69.5%
P/E40.6×+12.0×
P/S1.2×+0.5×

Profitability

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Gross margin24.9%+0.5pp
Operating margin4.3%+0.1pp
Net margin2.9%+0.5pp
FCF margin1.9%

Returns & leverage

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Return on equity22.2%+2.9pp
Debt / equity0.7×-0.1×
Current ratio0.8×0.0×

Segments

By product

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Grocery$87.0B
General merchandise$36.0B
Health and wellness$17.8B+19.9%
Fuel and other$2.9B
Other categories$2.9B

By segment

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Walmart U.S.$124.28B+3.9%
Walmart International$32.6B-3.7%
Sam's Club U.S.$23.7B

By geography

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Mexico and Central America$13.6B-5.6%
Other$7.5B-6.7%

Versus estimates

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Questions, answered.

When did Walmart report Q4 2025 earnings?
Walmart (WMT) reported Q4 2025 earnings on February 20, 2025 before market open.
What were Walmart 's Q4 2025 revenue and EPS?
Walmart reported revenue of $180.55B and diluted EPS of $0.66 for Q4 2025.
Did Walmart beat estimates in Q4 2025?
Revenue beat the consensus estimate of $180.07B by $479.6M. EPS beat the consensus estimate of $0.65 by $0.01.
Where can I find Walmart 's Q4 2025 SEC filings?
You can read the 10-K periodic report (0000104169-25-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.