Summary
Walmart Inc. reported significant revenue growth for fiscal year 2024, reaching $648.1 billion, a 6.0% increase over the prior year. This growth was primarily driven by strong comparable sales across its major segments: Walmart U.S., Walmart International, and Sam's Club. The company's strategic focus on omni-channel capabilities, including e-commerce, continues to yield positive results, with e-commerce sales contributing positively to comparable sales growth. The company also demonstrated improved profitability, with operating income increasing by 32% year-over-year, partly due to favorable year-over-year comparisons that lapped significant legal settlement charges in the prior year. Walmart continues to invest heavily in its business, with capital expenditures totaling $20.6 billion, focused on technology, supply chain, and customer-facing initiatives. The company also returned significant capital to shareholders through dividends and share repurchases. While the company faces ongoing risks related to macroeconomic conditions, competition, and cybersecurity, its strong financial position, diversified business model, and strategic investments position it for continued resilience and growth.
Financial Highlights
52 data points| Revenue | $642.64B |
| Cost of Revenue | $490.14B |
| Gross Profit | $152.50B |
| SG&A Expenses | $130.97B |
| Operating Income | $27.01B |
| Interest Expense | $2.26B |
| Net Income | $15.51B |
| EPS (Basic) | $1.92 |
| EPS (Diluted) | $1.91 |
| Shares Outstanding (Basic) | 8.08B |
| Shares Outstanding (Diluted) | 8.11B |
Key Highlights
- 1Total revenues reached $648.1 billion in fiscal year 2024, up 6.0% from the prior year.
- 2Comparable sales growth was robust across all segments: Walmart U.S. (4.9%), Sam's Club (2.3%), and Walmart International (13.5%).
- 3Operating income saw a significant increase of 32%, reaching $27.0 billion, with operating margin improving to 4.2% from 3.4%.
- 4Capital expenditures increased by 22% to $20.6 billion, with a strong focus on technology, supply chain, and customer-facing initiatives.
- 5The company returned approximately $2.8 billion to shareholders through share repurchases in fiscal year 2024.
- 6Net income attributable to Walmart increased by 32.8% to $15.5 billion.
- 7The company successfully resolved substantially all opioid-related lawsuits by agreeing to a settlement framework, with most of the accrued liability paid in fiscal 2024.