Wal-Mart de México Income Statement

Financials in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,011,598	951,643	880,122	813,060	730,352
Other Revenue	-	5,882	5,618	5,165	4,845
Revenue	1,011,598	957,524	885,740	818,226	735,197
Revenue Growth (YoY)	5.65%	8.10%	8.25%	11.29%	4.87%
Cost of Revenue	766,400	727,034	675,965	627,771	564,204
Gross Profit	245,198	230,490	209,775	190,455	170,993
Selling, General & Admin	168,044	156,085	136,747	124,693	110,181
Other Operating Expenses	-1,340	-3,067	-304.31	-2,299	-1,680
Operating Expenses	166,704	153,019	136,443	122,394	108,501
Operating Income	78,494	77,472	73,332	68,061	62,492
Interest Expense	-	-8,593	-7,837	-7,050	-6,479
Interest & Investment Income	1,328	2,657	3,021	2,025	866.11
Currency Exchange Gain (Loss)	262.59	-738.42	283.68	428.5	11.37
Other Non Operating Income (Expenses)	-11,207	-1,753	-137.5	-48.91	-10.49
EBT Excluding Unusual Items	68,877	69,044	68,663	63,416	56,880
Asset Writedown	-	-112.55	-56.32	-49.01	-159.13
Other Unusual Items	-	-	-	-	574.8
Pretax Income	68,877	68,931	68,607	63,367	57,296
Income Tax Expense	18,986	15,104	17,017	14,392	13,158
Earnings From Continuing Operations	49,891	53,827	51,590	48,974	44,138
Net Income to Company	49,891	53,827	51,590	48,974	44,138
Net Income	49,891	53,827	51,590	48,974	44,138
Net Income to Common	49,891	53,827	51,590	48,974	44,138
Net Income Growth	-7.31%	4.34%	5.34%	10.96%	32.01%
Shares Outstanding (Basic)	17,384	17,446	17,459	17,461	17,461
Shares Outstanding (Diluted)	17,384	17,446	17,459	17,461	17,461
Shares Change (YoY)	-0.36%	-0.07%	-0.01%	-	-
EPS (Basic)	2.87	3.09	2.96	2.80	2.53
EPS (Diluted)	2.87	3.09	2.96	2.80	2.53
EPS Growth	-6.98%	4.41%	5.36%	10.96%	32.01%
Free Cash Flow	43,456	37,872	56,329	43,166	44,415
Free Cash Flow Per Share	2.50	2.17	3.23	2.47	2.54
Dividend Per Share	-	1.300	1.180	1.120	1.000
Dividend Growth	-	10.17%	5.36%	12.00%	11.11%
Gross Margin	24.24%	24.07%	23.68%	23.28%	23.26%
Operating Margin	7.76%	8.09%	8.28%	8.32%	8.50%
Profit Margin	4.93%	5.62%	5.83%	5.99%	6.00%
Free Cash Flow Margin	4.30%	3.96%	6.36%	5.28%	6.04%
EBITDA	97,589	94,578	88,799	82,837	76,674
EBITDA Margin	9.65%	9.88%	10.03%	10.12%	10.43%
D&A For EBITDA	19,095	17,107	15,467	14,776	14,182
EBIT	78,494	77,472	73,332	68,061	62,492
EBIT Margin	7.76%	8.09%	8.28%	8.32%	8.50%
Effective Tax Rate	27.57%	21.91%	24.80%	22.71%	22.96%
Revenue as Reported	-	958,507	886,523	819,169	736,044

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