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	147,943	139,884	130,971	127,140	117,812
Operating Income	29,825	29,348	27,012	20,428	25,942
Interest Income	368	483	546	254	158
Interest Expense	-2,799	-2,728	-2,683	-2,128	-1,994
Other Non-Operating Income (Expense)	2,075	-794	-3,027	-1,538	-5,410
Total Non-Operating Income (Expense)	-356	-3,039	-5,164	-3,412	-7,246
Pretax Income	29,469	26,309	21,848	17,016	18,696
Provision for Income Taxes	7,199	6,152	5,578	5,724	4,756
Net Income	21,893	19,436	15,511	11,680	13,673
Minority Interest in Earnings	377	721	759	-388	267
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 Growth	17.88%	-16.27%	26.17%	8.21%	-57.09%
Free Cash Flow Per Share	1.86	1.57	1.86	1.46	1.32
Dividends 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	4.18%	4.31%	4.17%	3.34%	4.53%
Profit Margin	3.12%	2.96%	2.51%	1.85%	2.43%
FCF Margin	2.09%	1.86%	2.33%	1.96%	1.93%
EBITDA	44,028	42,321	38,865	31,373	36,600
EBITDA Margin	6.17%	6.21%	6.00%	5.13%	6.39%
EBIT	29,825	29,348	27,012	20,428	25,942
EBIT Margin	4.18%	4.31%	4.17%	3.34%	4.53%
Effective Tax Rate	24.43%	23.38%	25.53%	33.64%	25.44%

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.