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Walmart Inc.WMT

Sector
Consumer
Industry
Retail-Variety Stores
Exchange
Nasdaq

Stock Price $WMT

Latest filings

You are here#1 of 17 in Consumer Staples by market cap

Filing record · 2016–202610-K1110-Q328-K158

WMT filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 158 current reports (8-K) between 2016 and 2026.

  1. FY2019 annual report10-K · Mar ’19Mar ’19
  2. Leadership change8-K · Nov ’21Nov ’21
  3. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $706.41B
YoY changeLargest recent move+6.8%in FY21Latest +4.7%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All WMT Financial Metrics57 metrics

Income Statement14

Balance Sheet23

Cash Flow15

Per Share5

02—Overview

Walmart Inc. Financial Overview 2022–2026

Updated Jul 10, 2026

Walmart'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 billiona 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 billionb 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 billionc. 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.

03—Filings

Recent SEC Filings

  1. 8-KWalmart Inc. 8-K Report, Financial Results (Aug 20, 2026)Walmart reported second-quarter fiscal 2027 results (three months ended July 31, 2026) with revenue of $187.9 billion, up 5.9% (5.1% in constant currency), and operating income of $9.4 billion, up 28.8% reported and 17.4% on an adjusted constant-currency basis. GAAP EPS was $0.80, down 9.1% year over year, while adjusted EPS rose 19.1% to $0.81. Management attributes the strong profit growth largely to tariff refunds received in the quarter, which are being partly reinvested into price, so investors are advised to look at Q2 and Q3 together to judge underlying growth. The eCommerce business grew 23% globally, global advertising grew 38%, and membership fee revenue grew 17%, reflecting continued strength in the company's higher-margin growth drivers. Walmart raised its fiscal 2027 outlook: constant-currency net sales growth is now expected at 4.0% to 5.0% (up from 3.5% to 4.5%), adjusted operating income growth at 7.0% to 8.5% (up from 6.0% to 8.0%), and adjusted EPS of $2.80 to $2.87 (up from $2.75 to $2.85). Q3 guidance calls for net sales growth of 3.0% to 3.75% and adjusted operating income growth of 2.0% to 4.0%, with a headwind of over 100 bps from a timing shift of Flipkart's Big Billion Days into Q4. Capital expenditures are now expected at approximately 4.0% of net sales, up from 3.5%, which is a meaningful change for free cash flow. Balance sheet and cash flow show some pressure. Free cash flow for the six months fell $1.4 billion to $5.5 billion as capital expenditures rose $2.8 billion, even though operating cash flow increased to $19.7 billion. Total debt rose to $57.2 billion, inventory increased 6.7% to $61.6 billion, and Walmart repurchased $5.1 billion of stock year to date with $25.1 billion remaining on its authorization. Walmart U.S. comparable sales slowed to 2.6% ex-fuel, weighed by a roughly 125 bps headwind from pharmacy deflation tied to the maximum fair price regulation, so the top-line trend in the core U.S. business warrants monitoring.
  2. 8-KWalmart 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.
  3. 8-KWalmart Inc. 8-K Report, Financial Results (May 21, 2026)Walmart reported first-quarter fiscal 2027 results (three months ended April 30, 2026) that showed solid top-line momentum but pressure on cash flow and margins. Total revenues rose 7.3% to $177.8 billion (5.9% in constant currency), with global eCommerce sales up 26% and the global advertising business up 37%. GAAP operating income grew 5.0% to $7.5 billion, or 5.1% on an adjusted constant-currency basis, held back by roughly 250 basis points from higher fuel costs in distribution and fulfillment. GAAP EPS was $0.67 and adjusted EPS was $0.66, up 8.2% year over year, with the adjustment reflecting a $0.02 net gain on equity investments and a $0.01 charge for business reorganization. Cash generation weakened sharply. Operating cash flow fell $0.7 billion to $4.7 billion, mainly on inventory build, and capital expenditures rose $1.7 billion to support the omnichannel strategy, pushing free cash flow to negative $1.9 billion. Inventory increased 8.9% to $62.6 billion, and total debt reached $58.1 billion after the company raised $4.25 billion of long-term debt. Management also repurchased $2.1 billion of stock and continues to hold $28.2 billion of remaining buyback authorization. For the outlook, Walmart guided second-quarter net sales growth of 4% to 5% (constant currency), operating income growth of 7% to 10%, and adjusted EPS of $0.72 to $0.74. The full-year fiscal 2027 guidance was left unchanged, including adjusted EPS of $2.75 to $2.85. Guidance excludes any potential benefit from IEEPA tariff refunds. Investors will likely focus on whether the inventory build and elevated capex normalize, and on how fuel costs and healthcare expenses continue to weigh on margins.
  4. 8-KWalmart 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.
  5. 8-KWalmart 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.
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04—See also

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