Walmart Income Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Revenue	713,163	680,985	648,125	611,289	572,754
Revenue Growth (YoY)	4.72%	5.07%	6.03%	6.73%	2.43%
Cost of Revenue	535,395	511,753	490,142	463,721	429,000
Gross Profit	177,768	169,232	157,983	147,568	143,754
Selling, General & Admin	147,793	139,983	130,971	123,040	117,812
Operating Expenses	147,793	139,983	130,971	123,040	117,812
Operating Income	29,975	29,249	27,012	24,528	25,942
Interest Expense	-2,799	-2,728	-2,683	-2,128	-1,994
Interest & Investment Income	368	483	546	254	158
Other Non Operating Income (Expenses)	2,075	306	773	145	-127
EBT Excluding Unusual Items	29,619	27,310	25,648	22,799	23,979
Merger & Restructuring Charges	-150	-	-	-800	-
Gain (Loss) on Sale of Investments	-	-1,100	-3,800	-1,683	-2,440
Gain (Loss) on Sale of Assets	-	-	-	-	-433
Legal Settlements	-	99	-	-3,300	-
Other Unusual Items	-	-	-	-	-2,410
Pretax Income	29,469	26,309	21,848	17,016	18,696
Income Tax Expense	7,199	6,152	5,578	5,724	4,756
Earnings From Continuing Operations	22,270	20,157	16,270	11,292	13,940
Minority Interest in Earnings	-377	-721	-759	388	-267
Net Income	21,893	19,436	15,511	11,680	13,673
Net Income to Common	21,893	19,436	15,511	11,680	13,673
Net Income Growth	12.64%	25.30%	32.80%	-14.58%	1.21%
Shares Outstanding (Basic)	7,983	8,041	8,077	8,171	8,376
Shares Outstanding (Diluted)	8,022	8,081	8,108	8,202	8,415
Shares Change (YoY)	-0.73%	-0.33%	-1.15%	-2.53%	-1.47%
EPS (Basic)	2.74	2.42	1.92	1.43	1.63
EPS (Diluted)	2.73	2.41	1.91	1.42	1.62
EPS Growth	13.28%	26.18%	34.51%	-12.35%	2.32%
Free Cash Flow	14,923	12,660	15,120	11,984	11,075
Free Cash Flow Per Share	1.86	1.57	1.86	1.46	1.32
Dividend Per Share	0.940	0.830	0.760	0.747	0.733
Dividend Growth	13.25%	9.21%	1.78%	1.83%	1.85%
Gross Margin	24.93%	24.85%	24.38%	24.14%	25.10%
Operating Margin	4.20%	4.29%	4.17%	4.01%	4.53%
Profit Margin	3.07%	2.85%	2.39%	1.91%	2.39%
Free Cash Flow Margin	2.09%	1.86%	2.33%	1.96%	1.93%
EBITDA	44,178	42,222	38,865	35,473	36,600
EBITDA Margin	6.19%	6.20%	6.00%	5.80%	6.39%
D&A For EBITDA	14,203	12,973	11,853	10,945	10,658
EBIT	29,975	29,249	27,012	24,528	25,942
EBIT Margin	4.20%	4.29%	4.17%	4.01%	4.53%
Effective Tax Rate	24.43%	23.38%	25.53%	33.64%	25.44%
Revenue as Reported	713,163	680,985	648,125	611,289	572,754
Advertising Expenses	-	5,100	4,400	4,100	3,900

Source: S&P Global Market Intelligence. Standard template. Financial Sources.