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NasdaqGS · Consumer Staples · Financials

Walmart Inc. (WMT) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for WMT. Market data source · as of 2026-04-30.

Section freshness

Price Aug 19, 3:32 PM EDT · Statements Apr 29, 8:00 PM EDT

Financial read

WMT latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$175.68B

+7.1% YoY

Net income

$5.33B

+199.4% QoQ

Net margin

3.03%

Operating margin 4.27%

Balance sheet coverage

WMT balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-04-30

Open balance sheet table

Latest period

Q1 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$289.61B

Liabilities —

Cash / debt

$10.73B

Net cash -$30.05B

Equity / working capital

$94.33B

Working capital -$26.19B

Financial statements

WMT statement coverage.

Income statement, balance sheet, and cash-flow figures for WMT, with quarterly and annual history in the tables below.

Data last updated

Apr 29, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual WMT statements, sourced from Market data source · as of 2026-04-30.

Financial statement period

WMT statement history

Market data source · as of 2026-04-30 · Data last updated: Apr 29, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q1 FY2026	$175.68B	$7.49B	$5.33B	3.03%	-7.0%	+199.4%
Q4 FY2025	$188.91B	$8.71B	$1.78B	0.94%	+6.3%	-71.0%
Q3 FY2025	$177.77B	$6.70B	$6.14B	3.46%	+1.1%	-12.6%
Q2 FY2025	$175.75B	$7.29B	$7.03B	4.00%	+7.2%	+56.6%
Q1 FY2025	$163.98B	$7.13B	$4.49B	2.74%	-2.4%	-2.0%
Q3 FY2024	$168.00B	$6.71B	$4.58B	2.72%	0.0%	0.0%
Q4 FY2024	$168.00B	$6.71B	$4.58B	2.72%	+0.1%	+1.7%
Q2 FY2024	$167.77B	$7.94B	$4.50B	2.68%	+4.9%	-11.8%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total debt	Total equity	Debt QoQ
Q1 FY2026	$10.73B	$88.39B	$114.58B	$289.61B	$40.78B	$94.33B	+6.9%
Q4 FY2025	$10.73B	$84.87B	$107.47B	$284.67B	$38.17B	$99.62B	+0.5%
Q3 FY2025	$10.58B	$92.92B	$115.73B	$288.65B	$37.97B	$96.09B	-4.2%
Q2 FY2025	$9.43B	$82.03B	$103.57B	$270.84B	$39.65B	$90.11B	-2.3%
Q1 FY2025	$9.31B	$80.25B	$102.92B	$262.37B	$40.60B	$83.79B	+12.8%
Q4 FY2024	$9.04B	$79.46B	$96.58B	$260.82B	$36.00B	$91.01B	-2.4%
Q3 FY2024	$10.05B	$86.94B	$102.56B	$263.40B	$36.89B	$88.11B	+0.1%
Q2 FY2024	$8.81B	$76.51B	$95.26B	$254.44B	$36.86B	$84.42B	-2.5%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q1 FY2026				$5.33B
Q3 FY2025				$6.14B
Q2 FY2025				$7.03B
Q1 FY2025				$4.49B
Q4 FY2025				$1.78B
Q3 FY2024				$4.58B
Q4 FY2024				$4.58B
Q2 FY2024				$4.50B

Valuation and returns

Enterprise value: $941.81B; TECHi computed

Return on equity: 24.37%; Market data source

Return on assets: 7.94%; Market data source

Debt / equity: 0.43; Current ratio 0.77

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $706.41B; Annual statement 2026-01-31

Annual income base: $19.44B; Annual statement 2026-01-31

Market cap / annual revenue: 1.29; Live market value divided by annual revenue

Market cap / annual income: 46.91; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue1.33

EV / annual operating income31.58

Market capitalization bridge

Market cap / annual revenue1.29

Market cap / annual income46.91

TTM valuation multiples

TTM revenue: $718.12B; Trailing twelve months

TTM EBIT: $30.18B; TTM operating income

Market cap / TTM revenue: 1.27; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 1.31; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income44.96

EV / TTM EBIT31.20

Revenue, net income, and free cash flow

Revenue$175.68BNet income$5.33B

Q3 FY2024Q3 FY2025Q1 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+7.1%

Debt growth YoY+0.4%

Quarterly margin heatmap

Gross margin

Q3 FY2024

—

Q1 FY2025

—

Q2 FY2025

—

Q3 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Operating margin

Q3 FY2024

3.99%

Q1 FY2025

4.35%

Q2 FY2025

4.15%

Q3 FY2025

3.77%

Q4 FY2025

4.61%

Q1 FY2026

4.27%

Net margin

Q3 FY2024

2.72%

Q1 FY2025

2.74%

Q2 FY2025

4.00%

Q3 FY2025

3.46%

Q4 FY2025

0.94%

Q1 FY2026

3.03%

Latest quarter expense mix

Cost of revenue$133.06B

SG&A$37.20B

Profit bridge

EBIT$7.49B

Pretax income$7.15B

Tax expense$1.66B

Other income statement lines

Income before tax$7.15B

Income tax expense$1.66B

Balance sheet · Q1 FY2026

Cash & equivalents: $10.73B

Total debt: $40.78B

Net cash: -$30.05B; Net debt position

Total equity: $94.33B

Balance sheet detail

Current assets: $88.39B

Current liabilities: $114.58B

Inventory: $62.57B

Property, plant & equipment: $137.79B

Current debt: $3.90B

Long-term debt: $36.89B

Debt and liquidity

Debt / revenuei0.06

Debt / income2.01

Cash / debt0.26

Quick ratioi0.09

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for WMT?

The WMT Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Walmart Inc.. Missing modules and empty line items are omitted.

How current are WMT's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Walmart Inc.'s reported net margin?

Walmart Inc.'s fresh reported margin field is 3.20%. The Financials page shows the supporting period data currently available for WMT.