In fiscal 2026, which ended Jan 31, 2026, Walmart Inc. reported revenue of $706.4 billion, up 4.7% from the year before. Net income was $21.9 billion, a profit margin of 3.1%. Operating income came to $29.8 billion, an operating margin of 4.2%. Diluted earnings per share were $2.73. Over the twelve months ended Jul 31, 2026, revenue was $728.5 billion and net income was $22.1 billion. Across the 10 fiscal years shown, revenue grew from $485.9 billion in fiscal 2017 to $706.4 billion in fiscal 2026, about 4.2% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2027
Jul 31, 2026
|
FY 2026
Jan 31, 2026
|
FY 2025
Jan 31, 2025
|
FY 2024
Jan 31, 2024
|
FY 2023
Jan 31, 2023
|
FY 2022
Jan 31, 2022
|
FY 2021
Jan 31, 2021
|
FY 2020
Jan 31, 2020
|
FY 2019
Jan 31, 2019
|
FY 2018
Jan 31, 2018
|
FY 2017
Jan 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
728,466
+6.1%
|
706,413
+4.7%
|
674,538
+5.0%
|
642,637
+6.1%
|
605,881
+6.7%
|
567,762
+2.3%
|
555,233
+6.8%
|
519,926
+1.9%
|
510,329
+2.0%
|
500,343
+3.0%
|
485,873
+0.8%
|
| Cost of revenue |
550,183
+5.7%
|
535,395
+4.6%
|
511,753
+4.4%
|
490,142
+5.7%
|
463,721
+8.1%
|
429,000
+2.1%
|
420,315
+6.5%
|
394,605
+2.4%
|
385,301
+3.2%
|
373,396
+3.4%
|
361,256
+0.1%
|
| Gross profit |
178,283
+7.4%
|
171,018
+5.1%
|
162,785
+6.7%
|
152,495
+7.3%
|
142,160
+2.4%
|
138,762
+2.8%
|
134,918
+7.7%
|
125,321
+0.2%
|
125,028
-1.5%
|
126,947
+1.9%
|
124,617
+2.9%
|
| Selling, general and administrative |
153,377
+6.8%
|
147,943
+5.8%
|
139,884
+6.8%
|
130,971
+3.0%
|
127,140
+7.9%
|
117,812
+1.3%
|
116,288
+6.9%
|
108,791
+1.5%
|
107,147
+0.6%
|
106,510
+4.6%
|
101,853
+5.0%
|
| Operating income |
32,280
+11.4%
|
29,825
+1.6%
|
29,348
+8.6%
|
27,012
+32.2%
|
20,428
-21.3%
|
25,942
+15.1%
|
22,548
+9.6%
|
20,568
-6.3%
|
21,957
+7.4%
|
20,437
-10.2%
|
22,764
-5.6%
|
| Pretax income |
29,316
+3.3%
|
29,469
+12.0%
|
26,309
+20.4%
|
21,848
+28.4%
|
17,016
-9.0%
|
18,696
-9.1%
|
20,564
+2.2%
|
20,116
+75.5%
|
11,460
-24.2%
|
15,123
-26.2%
|
20,497
-5.3%
|
| Income tax |
6,817
+5.8%
|
7,199
+17.0%
|
6,152
+10.3%
|
5,578
-2.6%
|
5,724
+20.4%
|
4,756
-30.7%
|
6,858
+39.5%
|
4,915
+14.8%
|
4,281
-6.9%
|
4,600
-25.9%
|
6,204
-5.4%
|
| Net income |
22,076
+3.4%
|
21,893
+12.6%
|
19,436
+25.3%
|
15,511
+32.8%
|
11,680
-14.6%
|
13,673
+1.2%
|
13,510
-9.2%
|
14,881
+123.1%
|
6,670
-32.4%
|
9,862
-27.7%
|
13,643
-7.2%
|
| Basic EPS |
2.77
+4.0%
|
2.74
+13.2%
|
2.42
+26.0%
|
1.92
+34.3%
|
1.43
-12.3%
|
1.63
-65.8%
|
4.77
-8.6%
|
5.22
+128.9%
|
2.28
-30.7%
|
3.29
-25.2%
|
4.40
-3.9%
|
| Diluted EPS |
2.76
+4.2%
|
2.73
+13.3%
|
2.41
+26.2%
|
1.91
+34.5%
|
1.42
-12.3%
|
1.62
-65.9%
|
4.75
-8.5%
|
5.19
+129.6%
|
2.26
-31.1%
|
3.28
-25.1%
|
4.38
-4.2%
|
| Weighted average shares, basic |
7,967
-0.6%
|
7,983
-0.7%
|
8,041
-0.4%
|
8,077
-1.2%
|
8,171
-2.4%
|
8,376
+195.9%
|
2,831
-0.7%
|
2,850
-2.7%
|
2,929
-2.2%
|
2,995
-3.4%
|
3,101
-3.3%
|
| Weighted average shares, diluted |
8,000
-0.7%
|
8,022
-0.7%
|
8,081
-0.3%
|
8,108
-1.1%
|
8,202
-2.5%
|
8,415
+195.6%
|
2,847
-0.7%
|
2,868
-2.6%
|
2,945
-2.2%
|
3,010
-3.3%
|
3,112
-3.3%
|
| Other measures | |||||||||||
| Depreciation and amortization |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
10,678
+1.4%
|
10,529
+4.5%
|
10,080
+6.6%
|
| EBITDA |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
32,635
+5.4%
|
30,966
-5.7%
|
32,844
-2.1%
|
| Margins | |||||||||||
| Gross margin |
24.47%
|
24.21%
|
24.13%
|
23.73%
|
23.46%
|
24.44%
|
24.30%
|
24.10%
|
24.50%
|
25.37%
|
25.65%
|
| Operating margin |
4.43%
|
4.22%
|
4.35%
|
4.20%
|
3.37%
|
4.57%
|
4.06%
|
3.96%
|
4.30%
|
4.08%
|
4.69%
|
| Pretax margin |
4.02%
|
4.17%
|
3.90%
|
3.40%
|
2.81%
|
3.29%
|
3.70%
|
3.87%
|
2.25%
|
3.02%
|
4.22%
|
| Profit margin |
3.03%
|
3.10%
|
2.88%
|
2.41%
|
1.93%
|
2.41%
|
2.43%
|
2.86%
|
1.31%
|
1.97%
|
2.81%
|
| EBITDA margin |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
6.39%
|
6.19%
|
6.76%
|
| Effective tax rate |
23.25%
|
24.43%
|
23.38%
|
25.53%
|
33.64%
|
25.44%
|
33.35%
|
24.43%
|
37.36%
|
30.42%
|
30.27%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Retail-Variety Stores (SIC 5331)
- Listed as
- WMT (Nasdaq)
- Fiscal year ends
- January 31
- Incorporated in
- DE
- Headquarters
- Bentonville, AR
- SEC filer status
- Large accelerated filer
- SEC CIK
- 104169
- Former names
- Walmart Inc. (until Nov 3, 2026); WAL MART STORES INC (until Jan 30, 2018)
Other Retail-Variety Stores companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.