Walmart Cash Flow 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
Net Income	22,270	20,157	16,270	11,292	13,940
Depreciation & Amortization	14,203	12,973	11,853	10,945	10,658
Other Adjustments	4,340	3,132	5,660	4,051	6,180
Change in Receivables	-1,136	-1,106	-797	240	-1,796
Changes in Inventories	-1,443	-2,755	2,017	-528	-11,764
Changes in Accounts Payable	1,611	3,228	2,515	-1,425	5,520
Changes in Accrued Expenses	1,607	379	-1,324	4,393	1,404
Changes in Income Taxes Payable	113	435	-468	-127	39
Operating Cash Flow	41,565	36,443	35,726	28,841	24,181
Operating Cash Flow Growth	14.06%	2.01%	23.87%	19.27%	-32.97%
Capital Expenditures	-26,642	-23,783	-20,606	-16,857	-13,106
Sale of Property, Plant & Equipment	106	432	250	170	394
Proceeds from Sale of Investments	927	4,080	-	-	-
Payments for Business Acquisitions	-53	-1,896	-9	-740	-359
Proceeds from Business Divestments	-	-	-	-	7,935
Other Investing Activities	-688	-212	-922	-295	-879
Investing Cash Flow	-26,350	-21,379	-21,287	-17,722	-6,015
Net Short-Term Debt Issued (Repaid)	3,523	2,212	512	-34	193
Long-Term Debt Issued	3,983	-	4,967	5,041	6,945
Long-Term Debt Repaid	-2,625	-3,468	-4,217	-2,689	-13,010
Net Long-Term Debt Issued (Repaid)	1,358	-3,468	750	2,352	-6,065
Repurchase of Common Stock	-8,088	-4,494	-2,779	-9,920	-9,787
Net Common Stock Issued (Repurchased)	-8,088	-4,494	-2,779	-9,920	-9,787
Common Dividends Paid	-7,507	-6,688	-6,140	-6,114	-6,152
Other Financing Activities	-2,839	-2,384	-5,757	-3,323	-1,017
Financing Cash Flow	-13,553	-14,822	-13,414	-17,039	-22,828
Effect of Exchange Rate Changes on Cash and Cash Equivalents	123	-641	69	-73	-140
Net Cash Flow	1,785	-399	1,094	-5,993	-4,802
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%
FCF Margin	2.09%	1.86%	2.33%	1.96%	1.93%
Free Cash Flow Per Share	1.86	1.57	1.86	1.46	1.32
Levered Free Cash Flow	16,223	8,657	10,760	10,399	552
Unlevered Free Cash Flow	11,988	12,962	14,103	9,957	12,094

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