10-KPeriod: FY2026

Walmart Inc. Annual Report, Year Ended Jan 31, 2026

Filed March 13, 2026For Securities:WMT

Summary

Walmart Inc. reported a robust fiscal year ended January 31, 2026, with total revenues reaching $713.2 billion, up 4.7% year-over-year. The company demonstrated strong comparable sales growth across its segments, particularly in Walmart U.S. and Walmart International, driven by increasing customer traffic, average ticket size, and continued strength in omnichannel offerings like pickup and delivery. Operating income saw a modest increase to $29.8 billion, though operating income margin slightly decreased year-over-year due to increased self-insured liability claims and specific charges related to share-based compensation for its PhonePe subsidiary. Financially, Walmart generated healthy free cash flow of $14.9 billion and continues to focus on strategic capital allocation towards technology, supply chain, and customer-facing initiatives, including significant investments in automation and AI. The company also returned substantial capital to shareholders through dividends ($7.5 billion) and share repurchases ($8.1 billion), underscoring its commitment to shareholder value. Despite facing ongoing risks related to macroeconomic conditions, competition, and supply chain dynamics, Walmart's diversified business model and strategic investments position it for continued resilience and growth.

Financial Highlights

52 data points
Beta

Revenue

$706.41B

24.2% Gross Margin

Net Income

$21.89B

3.1% Net Margin

EPS (Diluted)

$2.73

Total Assets

$284.67B

Cash & Equivalents

$10.73B

Free Cash Flow

$14.92B

Financial Statements
Beta
Revenue$706.41B
Cost of Revenue$535.39B
Gross Profit$171.02B
SG&A Expenses$147.94B
Operating Income$29.82B
Interest Expense$2.32B
Net Income$21.89B
EPS (Basic)$2.74
EPS (Diluted)$2.73
Shares Outstanding (Basic)7.98B
Shares Outstanding (Diluted)8.02B

Key Highlights

  • 1Total revenues increased by 4.7% to $713.2 billion for the fiscal year ended January 31, 2026.
  • 2Walmart U.S. segment net sales grew 4.4% to $483.0 billion, with comparable sales increasing by 4.3%.
  • 3Walmart International segment net sales grew 7.0% to $130.4 billion, driven by strong eCommerce growth.
  • 4Sam's Club U.S. segment net sales increased by 3.1% to $93.0 billion, with comparable sales growth of 2.9% (excluding fuel).
  • 5Operating income was $29.8 billion, representing a 4.2% margin.
  • 6Free cash flow generated was $14.9 billion.
  • 7The company repurchased $8.1 billion of its stock and paid $7.5 billion in dividends during the fiscal year.

Frequently Asked Questions

Walmart reported total revenues of $713.2 billion, a 4.7% increase from the prior year. Operating income was $29.8 billion, and the company generated $14.9 billion in free cash flow. Net income attributable to Walmart was $21.9 billion.

Walmart U.S. saw net sales grow 4.4% to $483.0 billion with a 4.3% comparable sales increase. Walmart International's net sales rose 7.0% to $130.4 billion, boosted by eCommerce. Sam's Club U.S. had a 3.1% increase in net sales to $93.0 billion.

Walmart's strategy focuses on seamless omnichannel experiences, price leadership, operational discipline, and digital transformation. Key investments are being made in technology (including AI), supply chain automation, new store formats, remodels, and other customer-facing initiatives to enhance convenience and efficiency.

Walmart allocates significant capital to higher-return areas like technology, supply chain, and store investments. The company also returned capital to shareholders through $8.1 billion in share repurchases and $7.5 billion in dividends during fiscal year 2026, reflecting a commitment to enhancing shareholder value.