NASDAQ · Retail · Fiscal year endsFY ends January

Walmart Inc.

WMT

$124.97-2.72 (-2.13%)Today

52-week low $98.88high $135.16

7.5% below its 52-week high

Next earningsNov 19, 2026

Revenue by fiscal year, $ billions

+47% over the years shown (FY17–FY26)

Fiscal years · gold is the latest

486

FY17

500

FY18+3%

514

FY19+3%

524

FY20+2%

559

FY21+7%

573

FY22+2%

611

FY23+7%

648

FY24+6%

681

FY25+5%

713

FY26+5%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income
Revenue	485.9	500.3	514.4	524.0	559.2	572.8	611.3	648.1	681.0	713.2
Revenue growth	+1%	+3%	+3%	+2%	+7%	+2%	+7%	+6%	+5%	+5%
Gross margin	25.6%	25.4%	25.1%	24.7%	24.8%	25.1%	24.1%	24.4%	24.9%	24.9%
Operating income	22.76	20.44	21.96	20.57	22.55	25.94	20.43	27.01	29.35	29.83
Operating margin	4.7%	4.1%	4.3%	3.9%	4.0%	4.5%	3.3%	4.2%	4.3%	4.2%
Net income	13.64	9.86	6.67	14.88	13.51	13.67	11.68	15.51	19.44	21.89
Net margin	2.8%	2.0%	1.3%	2.8%	2.4%	2.4%	1.9%	2.4%	2.9%	3.1%
Cash flow
Operating cash flow	31.67^†	28.34	27.75	25.26	36.07	24.18	28.84	35.73	36.44	41.57
Capital expenditure	10.62	10.05	10.34	10.71	10.26	13.11	16.86	20.61	23.78	26.64
Free cash flow (calculated)	21.05^†	18.29	17.41	14.55	25.81	11.08	11.98	15.12	12.66	14.92
Share repurchases	8.30	8.30	7.41	5.72	2.63	9.79	9.92	2.78	4.49	8.09
Balance sheet
Cash and equivalents	6.87	6.76	7.72	9.47	17.74	14.76	8.63	9.87	9.04	10.73
Total assets	198.8	204.5	219.3	236.5	252.5	244.9	243.2	252.4	260.8	284.7
Total equity	77.80	77.87	72.50	74.67	80.93	83.25	76.69	83.86	91.01	99.62

Source: Walmart Inc.'s 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in January.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.