Walmart Inc (WMT) financial statements: income statement, balance sheet and cash flow

Walmart Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), Walmart Inc reported revenue of $713.2B (+4.7% year on year) and net income of $22.3B (+10.5% year on year).

Income statement

Walmart Inc income statement, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Net sales	$706.4B	$674.5B	$642.6B	$605.9B
Membership and other income	$6.8B	$6.4B	$5.5B	$5.4B
Total revenues	$713.2B	$681.0B	$648.1B	$611.3B
Cost of sales	$535.4B	$511.8B	$490.1B	$463.7B
Operating, selling, general and administrative expenses	$147.9B	$139.9B	$131.0B	$127.1B
Operating income	$29.8B	$29.3B	$27.0B	$20.4B
Debt	$2.3B	$2.2B	$2.3B	$1.8B
Finance lease	$481.0M	$479.0M	$424.0M	$341.0M
Interest income	($368.0M)	($483.0M)	($546.0M)	($254.0M)
Interest, net	$2.4B	$2.2B	$2.1B	$1.9B
Other (gains) and losses	($2.1B)	$794.0M	$3.0B	$1.5B
Income before income taxes	$29.5B	$26.3B	$21.8B	$17.0B
Provision for income taxes	$7.2B	$6.2B	$5.6B	$5.7B
Consolidated net income	$22.3B	$20.2B	$16.3B	$11.3B
Consolidated net income attributable to noncontrolling interest	($377.0M)	($721.0M)	($759.0M)	$388.0M
Consolidated net income attributable to Walmart	$21.9B	$19.4B	$15.5B	$11.7B
Basic net income per common share attributable to Walmart (in USD per share)	$2.74	$2.42	$1.92	$4.29
Diluted net income per common share attributable to Walmart (in USD per share)	$2.73	$2.41	$1.91	$4.27
Basic (in shares)	8.0B	8.0B	8.1B	2.7B
Diluted (in shares)	8.0B	8.1B	8.1B	2.7B
Dividends declared per common share (in USD per share)	$0.94	$0.83	$0.76	$2.24

Walmart Inc income statement, quarters

Line item	Jul 31, 2026 · Q2	Apr 30, 2026 · Q1	Oct 31, 2025 · Q3	Jul 31, 2025 · Q2
Net sales	$186.1B	$175.7B	$177.8B	$175.8B
Membership and other income	$1.8B	$2.1B	$1.7B	$1.7B
Total revenues	$187.9B	$177.8B	$179.5B	$177.4B
Cost of sales	$138.8B	$133.1B	$134.7B	$132.8B
Operating, selling, general and administrative expenses	$39.8B	$37.2B	$38.1B	$37.3B
Operating income	$9.4B	$7.5B	$6.7B	$7.3B
Debt	$137.0M	$574.0M	$563.0M	$651.0M
Finance lease	$126.0M	$125.0M	$121.0M	$118.0M
Interest income	($92.0M)	($79.0M)	($93.0M)	($94.0M)
Interest, net	$171.0M	$620.0M	$591.0M	$675.0M
Other (gains) and losses	$1.2B	($275.0M)	($2.1B)	($2.7B)
Income before income taxes	$8.0B	$7.1B	$8.2B	$9.3B
Provision for income taxes	$1.5B	$1.7B	$2.1B	$2.2B
Consolidated net income	$6.5B	$5.5B	$6.1B	$7.2B
Consolidated net income attributable to noncontrolling interest	($163.0M)	($160.0M)	$55.0M	($125.0M)
Consolidated net income attributable to Walmart	$6.4B	$5.3B	$6.1B	$7.0B
Basic net income per common share attributable to Walmart (in dollars per share)	$0.80	$0.67	$0.77	$0.88
Diluted net income per common share attributable to Walmart (in dollars per share)	$0.80	$0.67	$0.77	$0.88
Basic (shares)	8.0B	8.0B	8.0B	8.0B
Diluted (shares)	8.0B	8.0B	8.0B	8.0B
Dividends declared per common share (in dollars per share)	$0.00	$0.99	—	$0.00

Balance sheet

Walmart Inc balance sheet, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Cash and cash equivalents	$10.7B	$9.0B	$9.9B	$8.6B
Receivables, net	$11.2B	$10.0B	$8.8B	$7.9B
Inventories	$58.9B	$56.4B	$54.9B	$56.6B
Prepaid expenses and other	$4.1B	$4.0B	$3.3B	$2.5B
Total current assets	$84.9B	$79.5B	$76.9B	$75.7B
Property and equipment, net	$136.1B	$120.0B	$110.8B	$100.8B
Operating lease right-of-use assets	$14.8B	$13.6B	$13.7B	$13.6B
Finance lease right-of-use assets, net	$6.1B	$6.1B	$5.9B	$4.9B
Goodwill	$28.7B	$28.8B	$28.1B	$28.2B
Other long-term assets	$14.1B	$12.9B	$17.1B	$20.1B
Total assets	$284.7B	$260.8B	$252.4B	$243.2B
Short-term borrowings	$6.6B	$3.1B	$878.0M	$372.0M
Accounts payable	$63.1B	$58.7B	$56.8B	$53.7B
Accrued liabilities	$31.2B	$29.3B	$28.8B	$31.1B
Accrued income taxes	$596.0M	$608.0M	$307.0M	$727.0M
Long-term debt due within one year	$3.5B	$2.6B	$3.4B	$4.2B
Operating lease obligations due within one year	$1.6B	$1.5B	$1.5B	$1.5B
Finance lease obligations due within one year	$856.0M	$800.0M	$725.0M	$567.0M
Total current liabilities	$107.5B	$96.6B	$92.4B	$92.2B
Long-term debt	$34.6B	$33.4B	$36.1B	$34.6B
Long-term operating lease obligations	$13.9B	$12.8B	$12.9B	$12.8B
Long-term finance lease obligations	$5.9B	$5.9B	$5.7B	$4.8B
Deferred income taxes and other	$16.5B	$14.4B	$14.6B	$14.7B
Redeemable noncontrolling interest	$293.0M	$271.0M	$222.0M	$237.0M
Common stock	$797.0M	$802.0M	$805.0M	$269.0M
Capital in excess of par value	$6.8B	$5.5B	$4.5B	$5.0B
Retained earnings	$104.8B	$98.3B	$89.8B	$83.1B
Accumulated other comprehensive loss	($12.8B)	($13.6B)	($11.3B)	($11.7B)
Total Walmart shareholders' equity	$99.6B	$91.0B	$83.9B	$76.7B
Nonredeemable noncontrolling interest	$6.3B	$6.4B	$6.5B	$7.1B
Total shareholders' equity	$105.9B	$97.4B	$90.3B	$83.8B
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	$284.7B	$260.8B	$252.4B	$243.2B

Walmart Inc balance sheet, quarters

Line item	Jul 31, 2026	Apr 30, 2026	Oct 31, 2025	Jul 31, 2025
Cash and cash equivalents	$11.5B	$10.7B	$10.6B	$9.4B
Receivables, net	$11.1B	$10.7B	$12.1B	$10.5B
Inventories	$61.6B	$62.6B	$65.4B	$57.7B
Prepaid expenses and other	$4.5B	$4.4B	$4.9B	$4.4B
Total current assets	$88.7B	$88.4B	$92.9B	$82.0B
Property and equipment, net	$142.5B	$137.8B	$130.2B	$125.5B
Operating lease right-of-use assets	$15.7B	$15.2B	$14.5B	$14.0B
Finance lease right-of-use assets, net	$6.2B	$6.0B	$6.1B	$6.1B
Goodwill	$28.3B	$28.2B	$28.7B	$29.1B
Other long-term assets	$12.6B	$14.0B	$16.2B	$14.2B
Total assets	$293.9B	$289.6B	$288.7B	$270.8B
Short-term borrowings	$10.5B	$10.7B	$8.4B	$3.8B
Accounts payable	$64.3B	$62.9B	$67.2B	$60.1B
Dividends payable	$3.9B	$5.9B	$1.9B	$3.8B
Accrued liabilities	$30.1B	$27.5B	$31.5B	$28.8B
Accrued income taxes	$746.0M	$1.2B	$789.0M	$620.0M
Long-term debt due within one year	$3.5B	$3.9B	$3.5B	$4.0B
Operating lease obligations due within one year	$1.7B	$1.7B	$1.6B	$1.6B
Finance lease obligations due within one year	$880.0M	$851.0M	$842.0M	$828.0M
Total current liabilities	$115.6B	$114.6B	$115.7B	$103.6B
Long-term debt	$36.5B	$36.9B	$34.4B	$35.6B
Long-term operating lease obligations	$14.8B	$14.4B	$13.7B	$13.2B
Long-term finance lease obligations	$6.0B	$5.8B	$5.9B	$5.9B
Deferred income taxes and other	$16.3B	$17.0B	$16.3B	$15.7B
Redeemable noncontrolling interest	$293.0M	$293.0M	$306.0M	$307.0M
Common stock	$794.0M	$796.0M	$797.0M	$797.0M
Capital in excess of par value	$7.0B	$6.9B	$6.9B	$5.7B
Retained earnings	$103.6B	$100.2B	$101.6B	$96.3B
Accumulated other comprehensive loss	($13.2B)	($13.6B)	($13.1B)	($12.7B)
Total Walmart shareholders' equity	$98.2B	$94.3B	$96.1B	$90.1B
Nonredeemable noncontrolling interest	$6.3B	$6.4B	$6.1B	$6.4B
Total shareholders' equity	$104.5B	$100.7B	$102.2B	$96.5B
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	$293.9B	$289.6B	$288.7B	$270.8B

Cash flow statement

Walmart Inc cash flow statement, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Consolidated net income	$22.3B	$20.2B	$16.3B	$11.3B
Depreciation and amortization	$14.2B	$13.0B	$11.9B	$10.9B
Investment (gains) and losses, net	($2.0B)	$878.0M	—	—
Deferred income taxes	$2.3B	($635.0M)	($175.0M)	$449.0M
Other operating activities	$4.1B	$2.9B	$2.6B	$1.9B
Receivables, net	($1.1B)	($1.1B)	($797.0M)	$240.0M
Inventories	($1.4B)	($2.8B)	$2.0B	($528.0M)
Accounts payable	$1.6B	$3.2B	$2.5B	($1.4B)
Accrued liabilities	$1.6B	$379.0M	($1.3B)	$4.4B
Accrued income taxes	$113.0M	$435.0M	($468.0M)	($127.0M)
Net cash provided by operating activities	$41.6B	$36.4B	$35.7B	$28.8B
Payments for property and equipment	($26.6B)	($23.8B)	($20.6B)	($16.9B)
Proceeds from the disposal of property and equipment	$106.0M	$432.0M	$250.0M	$170.0M
Proceeds from disposal of certain strategic investments	$927.0M	$4.1B	—	—
Payments for business acquisitions, net of cash acquired	($53.0M)	($1.9B)	($9.0M)	($740.0M)
Other investing activities	($688.0M)	($212.0M)	($1.1B)	($295.0M)
Net cash used in investing activities	($26.4B)	($21.4B)	($21.3B)	($17.7B)
Net change in short-term borrowings	$3.5B	$2.2B	$512.0M	($34.0M)
Proceeds from issuance of long-term debt	$4.0B	$0	$5.0B	$5.0B
Repayments of long-term debt	($2.6B)	($3.5B)	($4.2B)	($2.7B)
Dividends paid	($7.5B)	($6.7B)	($6.1B)	($6.1B)
Purchase of Company stock	($8.1B)	($4.5B)	($2.8B)	($9.9B)
Dividends paid to noncontrolling interest	($439.0M)	($576.0M)	($763.0M)	($444.0M)
Purchase of noncontrolling interest	$0	$0	($3.5B)	($827.0M)
Sale of subsidiary stock	$111.0M	$362.0M	$716.0M	$66.0M
Other financing activities	($2.5B)	($2.2B)	($2.2B)	($2.1B)
Net cash used in financing activities	($13.6B)	($14.8B)	($13.4B)	($17.0B)
Effect of exchange rates on cash, cash equivalents and restricted cash	$123.0M	($641.0M)	$69.0M	($73.0M)
Net increase (decrease) in cash, cash equivalents and restricted cash	$1.8B	($399.0M)	$1.1B	($6.0B)
Cash, cash equivalents and restricted cash at beginning of year	$9.5B	$9.9B	$8.8B	$14.8B
Cash, cash equivalents and restricted cash at end of year	$11.3B	$9.5B	$9.9B	$8.8B
Income taxes paid	$5.4B	$5.9B	$5.9B	$3.3B
Interest paid	$2.8B	$2.7B	$2.5B	$2.1B

Walmart Inc cash flow statement, quarters

Line item	Jul 31, 2026 · YTD	Apr 30, 2026 · Q1	Oct 31, 2025 · YTD	Jul 31, 2025 · YTD
Consolidated net income	$12.0B	$5.5B	$17.9B	$11.8B
Depreciation and amortization	$7.7B	$3.8B	$10.5B	$6.9B
Investment (gains) and losses, net	$947.0M	($260.0M)	($4.1B)	($2.1B)
Deferred income taxes	$845.0M	$640.0M	$2.3B	$1.6B
Other operating activities	$816.0M	$411.0M	$3.0B	$1.4B
Receivables, net	$9.0M	$395.0M	($2.1B)	($405.0M)
Inventories	($2.7B)	($3.8B)	($8.2B)	($659.0M)
Accounts payable	$1.6B	$1.2B	$7.3B	$1.3B
Accrued liabilities	($1.4B)	($3.4B)	$894.0M	($1.5B)
Accrued income taxes	($211.0M)	$248.0M	$127.0M	$66.0M
Net cash provided by operating activities	$19.7B	$4.7B	$27.5B	$18.4B
Payments for property and equipment	($14.2B)	($6.7B)	($18.6B)	($11.4B)
Proceeds from disposal of property and equipment	$124.0M	$36.0M	$69.0M	$41.0M
Proceeds from disposal of certain strategic investments	$42.0M	—	$799.0M	$775.0M
Other investing activities	($249.0M)	($89.0M)	($1.3B)	($606.0M)
Net cash used in investing activities	($14.3B)	($6.7B)	($19.0B)	($11.2B)
Net change in short-term borrowings	$3.9B	$4.1B	$5.3B	$759.0M
Proceeds from issuance of long-term debt	$4.2B	$4.2B	$4.0B	$4.0B
Repayments of long-term debt	($2.3B)	($1.5B)	($2.6B)	($875.0M)
Dividends paid	($3.9B)	($2.0B)	($5.6B)	($3.8B)
Purchase of Company stock	($5.1B)	($2.1B)	($7.0B)	($6.2B)
Other financing activities	($1.6B)	($476.0M)	($1.0B)	($905.0M)
Net cash used in financing activities	($4.8B)	$2.3B	($7.0B)	($7.0B)
Effect of exchange rates on cash, cash equivalents and restricted cash	$67.0M	($331.0M)	$151.0M	$181.0M
Net increase in cash, cash equivalents and restricted cash	$671.0M	($2.0M)	$1.6B	$341.0M
Cash, cash equivalents and restricted cash at beginning of year	$11.3B	$11.3B	$9.5B	$9.5B
Cash, cash equivalents and restricted cash at end of period	$12.0B	$11.3B	$11.1B	$9.9B

Walmart Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.