Free cash flow
Walmart Free cash flow increased by 224.0% to $6.10B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 5.3%, from $6.44B to $6.10B. Over 4 years (FY 2022 to FY 2026), Free cash flow shows an upward trend with a 7.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.76B | $299.00M | $3.37B | -$7.30B | $9.05B | $1.89B | $8.35B | $204.00M | $8.78B | -$4.65B | $10.78B | -$427.00M | $6.28B | $372.00M | $6.44B | $425.00M | $6.52B | $1.88B | $6.10B |
| QoQ Change | — | -95.6% | >999% | -316.4% | +224.0% | -79.1% | +341.9% | -97.6% | >999% | -152.9% | +332.1% | -104.0% | >999% | -94.1% | >999% | -93.4% | >999% | -71.1% | +224.0% |
| YoY Change | — | — | — | — | +33.8% | +531.8% | +147.5% | +102.8% | -2.9% | -345.9% | +29.1% | -309.3% | -28.5% | +108.0% | -40.3% | +199.5% | +3.8% | +405.9% | -5.3% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Walmart 's free cash flow?
- Walmart (WMT) reported free cash flow of $6.10B in Q4 2025.
- How has Walmart 's free cash flow changed year-over-year?
- Walmart 's free cash flow decreased by 5.3% year-over-year, from $6.44B to $6.10B.
- What is the long-term trend for Walmart 's free cash flow?
- Over 4 years (2022 to 2026), Walmart 's free cash flow has grown at a 7.7% compound annual growth rate (CAGR), from $11.08B to $14.92B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.