What is Walmart 's shares (diluted)?

Walmart (WMT) reported shares (diluted) of 8B in Q4 2025.

How has Walmart 's shares (diluted) changed year-over-year?

Walmart 's shares (diluted) increased by 18106.8% year-over-year, from 44M to 8B.

What is the long-term trend for Walmart 's shares (diluted)?

Over 2 years (2022 to 2024), Walmart 's shares (diluted) has grown at a 70.0% compound annual growth rate (CAGR), from 2.8B to 8.1B.

What does shares (diluted) mean?

The total number of shares that would exist if all promised stock options were handed out.

Discontinued — last reported Q3 '25

Shares (Diluted)

Earnings Per Share

Walmart Shares (Diluted) decreased by 0.1% to 8B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 18106.8%, from 44M to 8B. Over 2 years (FY 2022 to FY 2024), Shares (Diluted) shows an upward trend with a 70.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement

SectionEarnings Per Share

CategoryCapital Allocation

SignalLower is better

VolatilityStable

First reportedQ1 2007

Last reportedQ3 2025

How to read this metric

A significant increase relative to basic shares indicates a high level of employee stock compensation or outstanding convertible debt.

Detailed definition

The total number of shares that would be outstanding if all 'in-the-money' options, warrants, and convertible instrument...

Peer comparison

Investors compare this to the basic share count to assess how much current ownership might be 'watered down' by future share issuances.

Metric ID: is_weighted_shares_diluted

Historical Data

18 periods

	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	Q2 '25	Q3 '25	Q4 '25
Value	2.8B	2.8B	2.8B	31M	2.8B	9M	0	2.7B	10M	10M	10M	8B	31M	37M	44M	40M	8B	8B
QoQ Change	—	-0.6%	-0.5%	-98.9%	>999%	-99.7%	-100.0%	—	-99.6%	+0.0%	+0.0%	>999%	-99.6%	+19.4%	+18.9%	-9.1%	>999%	-0.1%
YoY Change	—	—	—	—	-2.3%	-99.7%	-100.0%	>999%	-99.6%	+11.1%	—	+195.7%	+210.0%	+270.0%	+340.0%	+29.0%	>999%	>999%

Range0 – 8B

CAGR+27.8%

Avg YoY Growth>999%

Median YoY Growth+195.7%

Shares (Diluted) at Other Companies

Costco WholesaleCOST View metric

MastercardMA View metric

JPMorgan ChaseJPM View metric

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Johnson & JohnsonJNJ View metric

Frequently Asked Questions

What is Walmart 's shares (diluted)?: Walmart (WMT) reported shares (diluted) of 8B in Q4 2025.
How has Walmart 's shares (diluted) changed year-over-year?: Walmart 's shares (diluted) increased by 18106.8% year-over-year, from 44M to 8B.
What is the long-term trend for Walmart 's shares (diluted)?: Over 2 years (2022 to 2024), Walmart 's shares (diluted) has grown at a 70.0% compound annual growth rate (CAGR), from 2.8B to 8.1B.
What does shares (diluted) mean?: The total number of shares that would exist if all promised stock options were handed out.