Summary
Walmart Inc. reported total revenues of $165.6 billion for the three months ended April 30, 2025, an increase of 2.5% year-over-year. While consolidated net income saw a decrease to $4.6 billion from $5.3 billion in the prior year period, largely due to a significant swing in 'Other (gains) and losses' and a lower effective tax rate in the prior year, the company demonstrated resilience in its core operations. Operating income improved by 4.3% to $7.1 billion, driven by robust performance in the Walmart U.S. segment, which saw a 6.7% increase in operating income. Sam's Club U.S. also reported a 10.8% increase in operating income. The company maintained a strong balance sheet with total assets of $262.4 billion. Despite a slight increase in the working capital deficit, liquidity remains strong with ample committed lines of credit. Walmart continued to return capital to shareholders through dividends and share repurchases, announcing a 13% increase in its annual dividend to $0.94 per share for fiscal year 2026 and repurchasing $4.6 billion of its stock during the quarter. The company remains focused on its growth, margin, and returns framework, with continued investment in its omnichannel capabilities and supply chain.
Financial Highlights
48 data points| Revenue | $163.98B |
| Cost of Revenue | $124.30B |
| Gross Profit | $39.68B |
| SG&A Expenses | $34.17B |
| Operating Income | $7.13B |
| Interest Expense | $519.00M |
| Net Income | $4.49B |
| EPS (Basic) | $0.56 |
| EPS (Diluted) | $0.56 |
| Shares Outstanding (Basic) | 8.01B |
| Shares Outstanding (Diluted) | 8.05B |
Key Highlights
- 1Total revenues increased by 2.5% to $165.6 billion for the quarter, driven by solid performance in U.S. segments and international markets.
- 2Operating income grew by 4.3% to $7.1 billion, indicating improved operational efficiency and profitability.
- 3Walmart U.S. segment operating income increased by 6.7% to $5.7 billion, supported by comparable sales growth and strong eCommerce contribution.
- 4Sam's Club U.S. operating income rose by 10.8% to $686 million, driven by membership growth and improved margins.
- 5The company announced a 13% increase in its annual dividend to $0.94 per share for fiscal year 2026.
- 6Share repurchases totaled $4.6 billion during the quarter, reflecting continued commitment to returning capital to shareholders.
- 7Net income attributable to Walmart decreased to $4.5 billion ($0.56 per diluted share) from $5.1 billion ($0.63 per diluted share) in the prior year, primarily due to a large swing in 'Other (gains) and losses' and a lower effective tax rate in the prior year.