Walmart
WMT Nasdaq· Consumer Staples Merchandise Retail
Last close · Oct 26, 2026
$120.29
KIRA · Stoqly’s AI analyst, in plain words
- Walmart had $713.2B of revenue in fiscal 2026, up 4.7% on the year before. Over five years, revenue changed +5.0% a year on average.
- Its operating margin was 4.2%, down 0.1 pts: of every 100 in sales, about 4 is left after running the business.
- Walmart made $21.9B of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew 7.2% a year.
- Free cash flow was $14.9B in fiscal 2026, 2.1% of revenue.
- Walmart returned $15.6B to shareholders in fiscal 2026, 105% of free cash flow. The diluted share count fell 0.7%.
- Walmart owes $40.8B more than it holds in cash, about 0.9 years of operating profit.
Market cap
$959.7B
P/E
43.4x
Revenue
$713.2B
Net income
$21.9B
Free cash flow
$14.9B
Operating margin
4.2%
Walmart in 30 seconds · fiscal 2026
Are sales growing?
+4.7%
Only a little. Sales grew 4.7% last year.
Does it make a profit?
3.1%
A little. It keeps 3.1% of every sale as profit.
Does profit turn into cash?
2.1%
Partly. 2.1% of sales ends up as free cash.
Is debt under control?
0.9x
Yes. It could repay its debt with 0.9 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
43.4x
One share costs 43.4 times its yearly profit per share. Typical for its sector: 24.2x.
What Walmart does
Walmart runs discount stores, supercenters, grocery stores and warehouse clubs, and sells online through its websites and apps. It sells groceries, household goods, clothing, electronics, toys and health products, and runs pharmacies and optical and hearing centers. Shoppers can pick up orders at stores or have them delivered, and a paid Walmart+ membership adds free shipping, delivery from stores and fuel discounts. It reports three segments. Walmart U.S., with 4,611 stores across all fifty states, Washington D.C. and Puerto Rico, brought in 68% of net sales in the year to January 2026. Walmart International, with stores and online businesses in Mexico, Canada, China, India and other countries, brought in 19%. Sam's Club U.S., a members-only warehouse club with 601 clubs, brought in 13%. Walmart also earns money from memberships, advertising, services for sellers on its online marketplace, and financial services.
Biggest risks, in its own words
- Failing to carry out its plan to combine stores and online shopping, or spending heavily on e-commerce and technology without the expected return.
- Strong competition from other retailers, warehouse clubs and online sellers could hurt its sales and profits.
- Unsafe or poor-quality products sold in its stores or by outside sellers on its online marketplace could bring lawsuits, fines and lost customers.
- Rising wage and benefit costs, or failing to hire and keep enough store and warehouse workers, could hurt its results.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Mar 13, 2026
- Legal name
- Walmart Inc.
- CIK
- 0000104169
Walmart · WMT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $572.8B | $611.3B | $648.1B | $681.0B | $713.2B |
| Revenue growth | 2.4% | 6.7% | 6.0% | 5.1% | 4.7% |
| Gross margin | 25.1% | 24.1% | 24.4% | 24.9% | 24.9% |
| Operating margin | 4.5% | 3.3% | 4.2% | 4.3% | 4.2% |
| Net income | $13.7B | $11.7B | $15.5B | $19.4B | $21.9B |
| Net margin | 2.4% | 1.9% | 2.4% | 2.9% | 3.1% |
| Diluted EPS | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 |
| Cash | |||||
| Cash from operations | $24.2B | $28.8B | $35.7B | $36.4B | $41.6B |
| Capital expenditure | $13.1B | $16.9B | $20.6B | $23.8B | $26.6B |
| Free cash flow | $11.1B | $12.0B | $15.1B | $12.7B | $14.9B |
| FCF margin | 1.9% | 2.0% | 2.3% | 1.9% | 2.1% |
| Dividends paid | $6.2B | $6.1B | $6.1B | $6.7B | $7.5B |
| Share buybacks | $9.8B | $9.9B | $2.8B | $4.5B | $8.1B |
| Share count change | −1.5% | −2.5% | −1.2% | −0.3% | −0.7% |
| Debt and strength | |||||
| Cash and short-term investments | $14.8B | $8.6B | $9.9B | $9.0B | $10.7B |
| Debt incl. finance leases | $42.8B | $44.6B | $46.9B | $45.8B | $51.5B |
| Shareholders' equity | $83.3B | $76.7B | $83.9B | $91.0B | $99.6B |
| Net debt / EBITDA | 0.8x | 1.2x | 1.0x | 0.9x | 0.9x |
| Current ratio | 0.9x | 0.8x | 0.8x | 0.8x | 0.8x |
| Interest coverage | 15.5x | 11.4x | 12.0x | 13.1x | 12.9x |
| Returns and quality | |||||
| Return on capital | 16.2% | 11.3% | 16.3% | 17.2% | 16.1% |
| Return on equity | 16.7% | 14.6% | 19.3% | 22.2% | 23.0% |
| Piotroski F-score | 6 | 5 | 8 | 8 | 7 |
| Altman Z'' | 2.3 | 1.8 | 2.1 | 2.2 | 2.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$2.9B
12 insiders
Of sales under plans
2%
$60.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Walmart · WMT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Walmart WMT | $959.7B | 4.7% | 4.2% | 2.1% | 16.1% | 43.4x | 7 |
| Costco COST | $446.7B | 10.1% | 3.9% | 3.1% | 40.7% | — | 7 |
| Target TGT | $67.8B | −1.7% | 4.9% | 2.7% | 15.0% | 15.4x | 6 |
| Amazon AMZN | $2.72T | 12.4% | 11.2% | 1.1% | 20.6% | 20.0x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $120.29 a share, the company is worth $959.7B: 43.4 times its earnings of the last four quarters.
Walmart grew sales faster than 1 of its 3 similar companies. Its P/E is higher than 2 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000104169). Data updated October 23, 2026. For information only — not investment advice. Check the original filings before relying on any figure.