Income StatementBalance SheetCash FlowSegments
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Walmart Income Statement

Revenue, expenses, and profitability over time

Walmart generated $725.31B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $22.7B with a 3.13% net margin. Gross margin stands at 24.98% and operating margin at 4.16%. Diluted EPS is $2.84, which grew 0.5% year-over-year. Based on the Q2 2026 filing.

Total Revenue (TTM)$725.31BGross Profit (TTM)$177.77BOperating Income (TTM)$30.2BNet Income (TTM)$22.7BEps Diluted (TTM)$2.84
Latest FilingQ2 2026
Report Date2026-05-21
Market Cap$958.67B
P/E Ratio42.17
ROE25.53%

Other Income & Expense

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Derivative Gain (Loss) Excluded from Effectiveness-$435.0M-$544.0M-$675.0M-$591.0M-$621.0M—
Interest Income (Expense), Non-operating-$435.0M-$544.0M-$675.0M-$591.0M-$621.0M—
Other Non-Cash Income (Expense)$0.0-$501.0M————
Gain (Loss) on Investments-$5.0B-$551.0M————
Other non-cash income (expense)$0.0-$501.0M————
Gains on strategic investments, net-$5.0B-$551.0M————
Gains (losses) on equity investments-$5.0B-$551.0M————
Interest income$203.0M$93.0M$94.0M$93.0M$88.0M$79.0M
Change in Accounts Payable—-$310.0M————
Other Non-Cash Income (Expense)$0.0-$501.0M————
Gains on disposal of investments and other property-$5.0B-$551.0M————
Interest Income (Expense), Nonoperating-$435.0M-$544.0M-$675.0M-$591.0M-$621.0M—
Other income (expense), net-$5.0B-$597.0M$2.7B$2.1B——
Non-operating Interest Income (Expense)-$435.0M-$544.0M-$675.0M-$591.0M-$621.0M—
Other Non-cash Income (Expense)$0.0-$501.0M————
Finance Lease Interest Expense—$118.0M$118.0M$121.0M——
Other Non-Cash Income (Expense)$0.0-$501.0M————

Other

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Capital Expenditures$5.2B$5.0B————
Common Stock Dividends Per Share$0.0$0.9$0.0———
Dividends per share declared$0.0$0.9$0.0———
Dividends per share declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Dividends declared (in dollars per share)$0.0$0.9$0.0———
Depreciation, Amortization and Accretion, Net$2.5B$3.4B$3.5B$3.6B$3.7B—
Finance lease$119.8M$120.3M$120.3M$120.3M$120.3M$125.0M
Increase (Decrease) in Accounts and Other Receivables—-$268.0M————
Accounts payable—-$310.0M————
Accrued liabilities—-$3.6B————
Increase (Decrease) in Retail Related Inventories—$807.0M————
Debt$516.0M$519.0M$651.0M$563.0M$585.0M$574.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$7.8B$8.0M————
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$2.3B-$5.1B————
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$9.0B$5.4B————
Membership and other income$1.4B$1.6B$1.7B$1.7B$1.7B—
Other Noncash Income (Expense)$0.0-$501.0M————
Payment for (Proceeds from) Other Investing Activity—$132.0M————
Payments for Repurchase of Common Stock—$4.6B————
Payments of Ordinary Dividends, Common Stock$1.1B$1.9B————
Payments to Acquire Property, Plant, and Equipment$5.2B$5.0B————
Debt issued (Note 13)-$4.0B$4.0B————
Financing — other-$1.1B-$61.0M————
Proceeds from (Repayments of) Short-Term Debt—$2.5B————
Dispositions of property, plant, and equipment$363.0M$25.0M————
Repayments of Long-Term Debt$843.0M$0.0————
Revenue From Contract With Customer Excluding Assessed Tax$157.0B$164.0B$175.8B$177.8B$188.9B—
Cash Dividends, Common Stock$1.1B$1.9B————
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———

Earnings Per Share

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common Stock Dividends Per Share (Declared)$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Basic earnings per share$0.21$0.56$0.88$0.77$0.53$0.67
Diluted earnings per share$0.21$0.56$0.88$0.77$0.52$0.67
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Dividends Per Share Declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common stock dividends per share declared$0.0$0.9$0.0———
Dividends Per Share Declared$0.0$0.9$0.0———
Dividends per share declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Dividends per share declared$0.0$0.9$0.0———
Dividends per share declared$0.0$0.9$0.0———
Dividends per Share Declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common stock dividends per share declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common Stock Dividends Per Share Declared$0.0$0.9$0.0———
Common stock dividends per share declared$0.0$0.9$0.0———
Weighted-average shares, basic54M8B8B8B——
Weighted-average shares, diluted55M8.1B8B8B——

Net Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Common Dividends Declared (Per Share)$0.0$0.9$0.0———
Common Stock Dividends$1.1B$1.9B————
Net income$1.8B$4.5B$7.0B$6.1B$4.2B$5.3B
Common Stock Dividends$1.1B$1.9B————

Operating Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Gross profit$38.5B$41.3B$44.6B$44.8B$47.0B—
Operating income$8.2B$7.1B$7.3B$6.7B$8.7B$7.5B

Income Before Tax

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Income before income taxes$2.8B$6.0B$9.3B$8.2B$6.0B$7.1B

Tax

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Income tax expense$531.0M$1.4B$2.2B$2.1B$1.6B$1.7B
Income and Other Taxes$308.0M$903.0M————

Operating Expenses

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Selling, general and administrative$30.3B$34.2B$37.3B$38.1B$38.3B$37.2B

Cost of Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Total cost of revenue$120.0B$124.3B$132.8B$134.7B$143.6B$133.1B

Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Total revenue$158.5B$165.6B$177.4B$179.5B$190.7B$177.8B