Walmart Inc financials

Key figures from Walmart Inc's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJul 2026Jul 2025Change
Revenue$186.1B$175.8B+5.9%
Net income$6.4B$7.0B-9.4%
Free cash flow$7.5B$6.5B+14.7%
Gross margin25.4%24.5%+1.0 pts
Operating margin5.0%4.1%+0.9 pts
Net margin3.4%4.0%-0.6 pts

Quarterly trend

Revenue by quarter
$159.4BOct 2023$171.9BJan 2024*$159.9BApr 2024$167.8BJul 2024$168.0BOct 2024$178.8BJan 2025*$164.0BApr 2025$175.8BJul 2025$177.8BOct 2025$188.9BJan 2026*$175.7BApr 2026$186.1BJul 2026
Net income by quarter
$453MOct 2023$5.5BJan 2024*$5.1BApr 2024$4.5BJul 2024$4.6BOct 2024$5.3BJan 2025*$4.5BApr 2025$7.0BJul 2025$6.1BOct 2025$4.2BJan 2026*$5.3BApr 2026$6.4BJul 2026
Free cash flow by quarter
-$4.6BOct 2023$10.8BJan 2024*-$427MApr 2024$6.3BJul 2024$372MOct 2024$6.4BJan 2025*$425MApr 2025$6.5BJul 2025$1.9BOct 2025$6.1BJan 2026*-$1.9BApr 2026$7.5BJul 2026
Margins by quarter
0%15%29%Oct 2023Jan 2024*Apr 2024Jul 2024Oct 2024Jan 2025*Apr 2025Jul 2025Oct 2025Jan 2026*Apr 2026Jul 202624.0%23.3%24.1%24.4%24.2%23.9%24.2%24.5%24.2%24.0%24.3%25.4%3.9%4.2%4.3%4.7%4.0%4.4%4.4%4.1%3.8%4.6%4.3%5.0%0.3%3.2%3.2%2.7%2.7%2.9%2.7%4.0%3.5%2.2%3.0%3.4%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Jan 2026$706.4B$21.9B3.1%$14.9B$2.73
FY Jan 2025$674.5B$19.4B2.9%$12.7B$2.41
FY Jan 2024$642.6B$15.5B2.4%$15.1B$1.91
FY Jan 2023$605.9B$11.7B1.9%$12.0B$1.42
FY Jan 2022$567.8B$13.7B2.4%$11.1B$1.62

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.