Income StatementBalance SheetCash FlowBusiness Segments
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Walmart Income Statement

Revenue, expenses, and profitability over time

Walmart generated $680.99B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $19.4B with a 2.85% net margin. Gross margin stands at 24.85% and operating margin at 4.31%. Diluted EPS is $2.41, which grew 0.3% year-over-year. Based on the Q4 2025 filing.

Total Revenue (TTM)$680.99BOperating Income (TTM)$29.3BNet Income (TTM)$19.4BEps Diluted (TTM)$2.41
Latest FilingQ4 2025
Report Date2025-12-03
Market Cap$979.73B
P/E Ratio50.41
ROE19.78%

Earnings Per Share

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Basic earnings per share$0.56$0.57$0.21$0.56$0.88$0.77
Diluted earnings per share$0.56$0.57$0.20$0.56$0.88$0.77
Weighted-average shares, basic8B8B—8B8B8B
Weighted-average shares, diluted37M44M—40M8B8B

Income Before Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income before income taxes$6.2B$6.1B$2.8B$6.0B$9.3B$8.2B

Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income tax expense$1.5B$1.4B$531.0M$1.4B$2.2B$2.1B

Other Income & Expense

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Interest income$114.0M$140.0M$203.0M$93.0M$94.0M$93.0M
Other income (expense), net-$1.2B-$132.0M-$5.0B-$597.0M$2.7B$2.1B
Interest expense on finance leases$122.0M$122.0M$122.0M$118.0M$118.0M$121.0M
Interest expense on debt$557.0M$496.0M$516.0M$519.0M$651.0M$563.0M
Interest income (expense), nonoperating-$565.0M-$478.0M-$435.0M-$544.0M-$675.0M-$591.0M

Net Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Net income$4.7B$4.7B$1.6B$4.6B$7.0B$6.1B

Operating Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Operating income$7.9B$6.7B$8.2B$7.1B$7.3B$6.7B

Operating Expenses

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Selling, general and administrative$34.6B$35.5B$30.3B$34.2B$37.3B$38.1B

Cost of Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Total cost of revenue$126.8B$127.3B$120.0B$124.3B$132.8B$134.7B

Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Total revenue$169.3B$169.6B$158.5B$165.6B$177.4B$179.5B
Membership and other income$1.6B$1.6B$1.4B$1.6B$1.7B$1.7B

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