Walmart Inc.WMT
Walmart Inc. Financial Overview 2022–2026
Updated Jul 10, 2026Walmart's ability to pivot a legacy physical footprint into a modern digital powerhouse is highlighted by a 26% surge in eCommerce net sales during Q1 2027. This aggressive shift into omnichannel retail has successfully insulated the company against macroeconomic headwinds, cementing the core investment thesis: Walmart can extract entirely new growth and margin profiles from its traditional operations. Demonstrating the sheer scale of this sustained momentum, total revenues grew from $572.8 billion in FY2022 to $713.2 billion by the close of FY2026.
The financial mechanics underneath this expansion point to highly disciplined capital allocation and robust cash generation. During FY2026, Walmart produced $14.9 billion in free cash flow alongside $29.8 billion in operating income. This liquidity supported substantial capital returns, encompassing $8.1 billion in share repurchases and $7.5 billion in dividends for the year. The broader market has heavily rewarded this operational transition and revenue consistency. Walmart traded at a 40.7x P/E ratio with a stock price of $98.16 at the close of FY2025, and its valuation expanded even further as the stock traded at a 43.6x P/E ratio, closing at $119.14 by the end of FY2026.
Recent Developments (Q4 2026 and Q1 2027)
Walmart’s leadership overhaul took center stage alongside strong top-line momentum in Q1 2027, as total revenues climbed 7.3% year-over-year to $177.75 billion. Net income jumped 18.3% to $5.49 billion, driving diluted EPS to $0.67 from $0.56 a year earlier. This operational strength coincided with John Furner assuming the President and CEO role in February 2026, flanked by newly appointed division CEOs across the U.S., International, and Sam's Club segments. Furthermore, the firm bolstered its balance sheet by securing $4.25 billion through a new debt offering in April 2026.
Bulls point to broad-based comparable sales growth and rising net income as proof of effective operational execution. Bears argue that rising operating expenses, driven by depreciation and associate healthcare costs, could pressure overall profitability. Trading at 42.4x earnings as of the May 29, 2026 reporting date, the stock carries a premium valuation that demands flawless execution from the new management team.
What to watch: margin impacts from rising operating expenses; strategic integration under the newly installed executive suite.
Rev
$706.41B
FY2026
NI
$21.89B
FY2026
EPS
$2.74
FY2026
OCF
$41.56B
FY2026
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All WMT Financial Metrics(57)
Income Statement
Balance Sheet
Cash Flow
Recent SEC Filings
Walmart Inc. 8-K Report, Bylaw Amendment (Jun 5, 2026)
Walmart Inc. (WMT) filed an 8-K on June 5, 2026, detailing actions taken at its Annual Shareholders' Meeting held on June 4, 2026. The most significant development for investors is the shareholder approval and subsequent filing of an amendment to the company's Restated Certificate of Incorporation. This amendment, effective immediately, limits the liability of certain officers to the fullest extent permitted by Delaware law, aligning with recent changes in state legislation that allow for officer exculpation. In addition to this governance-related change, the meeting saw the election of all eleven nominated directors to one-year terms, with strong shareholder support. Shareholders also ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the upcoming fiscal year and provided a nonbinding advisory vote of approval for the compensation of named executive officers. Several shareholder proposals, including those concerning cumulative voting, workplace health and safety, immigration policy, and the workforce impact of AI, were voted on and subsequently rejected by the shareholders.
Walmart Inc. 8-K Report, Financial Results (May 21, 2026)
Walmart Inc. (WMT) has filed a Form 8-K on May 21, 2026, to furnish investors with a press release and a financial presentation detailing its financial performance for the first quarter of fiscal year 2027, ending April 30, 2026. This filing is informational, providing an early look at the company's operational results and financial condition without being officially "filed" for SEC liability purposes. Investors should review the accompanying press release and presentation for specific figures and commentary on sales, profitability, and cash flow. While the detailed financial metrics are contained within the furnished exhibits, this 8-K serves as the official notification that this information is now publicly available. Investors are encouraged to examine these documents for insights into Walmart's performance trends, any forward-looking statements, and management's perspective on the current economic environment and its impact on the retail giant's operations. The filing also includes the standard cover page interactive data file.
Walmart Inc. 8-K Report, Corporate Update (Apr 30, 2026)
Walmart Inc. has announced the successful pricing of a significant debt offering totaling approximately $4.25 billion. This offering comprises a mix of notes with varying maturities and interest rates, including Floating Rate Notes due 2029, 4.000% Notes due 2029, 4.150% Notes due 2031, 4.450% Notes due 2033, and 4.750% Notes due 2036. The net proceeds, after underwriting discounts but before other expenses, are expected to be around $4.23 billion. This debt issuance represents the creation of new series of senior, unsecured debt securities. The funds raised are anticipated to support Walmart's ongoing business operations and strategic initiatives. Investors should note the diverse maturity profile and fixed coupon rates offered across these new debt instruments, providing a range of options for fixed-income portfolios.
Walmart Inc. 8-K Report, Corporate Update (Mar 27, 2026)
This 8-K filing from Walmart Inc. (WMT) reports that its Executive Vice President, Global Chief Technology Officer and Chief Development Officer, Suresh Kumar, has entered into a Rule 10b5-1 trading plan. This plan is designed for long-term asset diversification and financial planning and allows for the pre-arranged sale of company stock without the executive possessing material non-public information. Investors should note that the plan is structured to ensure compliance with SEC regulations and Walmart's insider trading policy, with no executive discretion over transaction timing. The trading plan outlines the sale of approximately 33,270 shares per month, commencing June 29, 2026, and concluding by December 31, 2026. This is subject to a minimum stock price threshold, with unsold shares potentially being carried over. The maximum aggregate number of shares to be sold is 199,610. Importantly, Mr. Kumar will continue to meet Walmart's stock ownership guidelines throughout these transactions, indicating ongoing commitment to the company's performance. All trades will be publicly disclosed via Form 144 and Form 4 filings.
Walmart Inc. 8-K Report, Corporate Update (Mar 13, 2026)
Walmart Inc. (WMT) has filed an 8-K report detailing the adoption of new Rule 10b5-1 trading plans by three key executives: C. Douglas McMillon (Director, former CEO), Daniel J. Bartlett (EVP, Corporate Affairs), and David Guggina (EVP, President and CEO, Walmart U.S.). These plans, designed for long-term asset diversification and financial planning, are implemented in accordance with Walmart's Insider Trading Policy and the SEC's Rule 10b5-1, ensuring no material non-public information is possessed at the time of adoption. These plans indicate scheduled future sales of Walmart stock by these executives. The disclosures are primarily informational, designed to provide transparency to investors regarding planned stock transactions by company insiders. Importantly, the plans grant the executives no discretion over the timing or execution of trades, mitigating concerns about market timing. All transactions will be publicly disclosed via Form 144 and Form 4 filings, maintaining regulatory compliance and transparency.
View all 8-K filings →