Walmart U.S.
Supercenters, neighborhood markets and e-commerce in the United States, plus advertising for brands and marketplace sellers, fuel and financial services.
Stock research
Walmart Inc. (WMT) Stock Research
Walmart is the world's largest retailer by revenue, operating supercenters, warehouse clubs, and a fast-growing e-commerce and advertising business.
For the fiscal year ended January 31, 2026, Walmart Inc. reported revenue of $713.2B and net income of $21.9B, with operating cash flow of $41.6B. Source: Form 10-K filed March 13, 2026
Reviewed · SEC data as of
- Revenue
- $713.2B
- FY ending 2026-01-31
- Net income
- $21.9B
- FY ending 2026-01-31
- Diluted EPS
- $2.73
- Net margin
- 3.1%
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
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How Walmart makes money
Its scale in groceries makes it a barometer of US consumer health.
Walmart International
Retail and e-commerce operations outside the United States.
Sam's Club U.S.
Membership warehouse clubs, where the 10-K says membership income is a significant component of segment operating income.
- Exchange
- NYSE: WMT
- Sector
- Consumer Staples
- SEC industry
- Retail-Variety Stores (SIC 5331)
- Fiscal year end
- January 31
- Headquarters
- Bentonville, Arkansas
- Founded
- 1962
WMT key financials
Reported figures from Walmart Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $713.2B | 2025-02-01 – 2026-01-31 | SEC filing |
| Net income | $21.9B | 2025-02-01 – 2026-01-31 | SEC filing |
| Operating cash flow | $41.6B | 2025-02-01 – 2026-01-31 | SEC filing |
| Diluted EPS | $2.73 | 2025-02-01 – 2026-01-31 | SEC filing |
| Net margin | 3.1% | 2025-02-01 – 2026-01-31 | SEC filing |
| Shares outstanding | 7.97B | As of 2025-12-02 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
What investors should watch in WMT
For Walmart Inc., the most important recurring operating and market variables are:
- ◆Walmart U.S. comparable sales, grocery mix and pricing
- ◆E-commerce growth and the cost of fulfillment
- ◆Advertising, membership, marketplace and financial-services income
- ◆Sam's Club membership fee income
- ◆Walmart International performance and currency translation
Key questions for the WMT thesis
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
How much revenue is not merchandise sales?
Fiscal 2026 total revenues were $713.2 billion, of which net sales were $706.4 billion. The remainder is small in revenue terms, yet membership income is a significant part of Sam's Club operating income, so small revenue lines can matter for profit.
Are the ecosystem businesses changing the margin structure?
The 10-K points to growth in membership, advertising, marketplace and fulfillment services, and financial services. These earn different margins from store sales; read their disclosures alongside the gross profit rate before attributing margin changes to pricing.
What does International add, and with what currency risk?
Walmart International reports in many currencies, so translation can move reported growth. Compare constant-currency figures in MD&A with reported results before drawing conclusions about the segment.
Does WMT's reported profit turn into cash?
Operating cash flow was $41.6B, 1.90 times net income of $21.9B, for the fiscal year ended January 31, 2026.
Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.
How much of WMT's revenue is left as profit?
Net income was 3.1% of revenue for the fiscal year ended January 31, 2026, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
When does Walmart Inc.'s fiscal year end?
The SEC lists Walmart Inc.'s fiscal year end as January 31, not December 31. The latest annual figures here run from February 1, 2025 to January 31, 2026.
Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.
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Read the full researchWMT primary sources
- Latest annual report: Form 10-K filed March 13, 2026
- Latest quarterly report: Form 10-Q filed August 28, 2026
- Walmart investor relations
- Walmart filings at the SEC
How we source and review company pages: research methodology.
Congressional trading in WMT
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Kevin Hern | 2026-08-27 | Sale | Self | $1,001 - $15,000 | Filing #20035491 |
| Gilbert Cisneros | 2026-08-26 | Purchase | Self | $1,001 - $15,000 | Filing #20035390 |
| Rich McCormick | 2026-07-30 | Sale | Self | $1,001 - $15,000 | Filing #20035204 |
| Alan Armstrong | 2026-03-27 | Sale | Self | $15,001 - $50,000 | Filing #fda235b3-bad7-4637-8fa1-053f354d929c |
| John McGuire | 2026-01-20 | Sale | Spouse | $1,001 - $15,000 | Filing #20033956 |
| Jonathan Jackson | 2026-01-13 | Purchase | Joint | $50,001 - $100,000 | Filing #20033929 |
| Julie Johnson | 2025-12-18 | Sale | Joint | $1,001 - $15,000 | Filing #20033789 |
| Gilbert Cisneros | 2025-11-18 | Purchase | Self | $1,001 - $15,000 | Filing #20033619 |
| Julie Johnson | 2025-11-13 | Sale | Joint | $1,001 - $15,000 | Filing #20033611 |
| Rich McCormick | 2025-11-05 | Purchase | Self | $1,001 - $15,000 | Filing #20033610 |
All verified WMT congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Compare WMT with similar companies
Walmart peers
Costco Wholesale Corporation (COST)Retail-Variety StoresTarget Corporation (TGT)Retail-Variety StoresDollar General Corporation (DG)Retail-Variety StoresDollar Tree, Inc. (DLTR)Retail-Variety StoresThe Procter & Gamble Company (PG)Soap, Detergents, Cleang Preparations, Perfumes, CosmeticsPhilip Morris International Inc. (PM)Cigarettes
WMT — frequently asked questions
What does Walmart Inc. do?
Walmart is the world's largest retailer by revenue, operating supercenters, warehouse clubs, and a fast-growing e-commerce and advertising business. Its filings describe these business lines: Walmart U.S., Walmart International, Sam's Club U.S..
What were WMT's latest reported annual revenue and net income?
For the fiscal year ended January 31, 2026, Walmart Inc. reported revenue of $713.2B and net income of $21.9B, with operating cash flow of $41.6B. The figures come from Walmart Inc.'s SEC XBRL filings.
When does Walmart Inc.'s fiscal year end?
The SEC lists Walmart Inc.'s fiscal year end as January 31.
Do members of Congress trade WMT?
The current verified House and Senate snapshot contains 41 transaction rows for WMT, each linked to the original filing.
Where is Walmart Inc. headquartered?
Walmart Inc. is headquartered in Bentonville, Arkansas and was founded in 1962.
Is WMT a good investment?
This page does not rate WMT as a buy or sell. It sets out what Walmart Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
What do the WMT numbers leave unanswered?
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
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