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NASDAQ · Financials

Walmart Inc. financials & valuation

Reported statements, fiscal periods and valuation definitions in one place.

Section freshness

Prices as of Oct 2, 4:00 PM EDT · Fundamentals checked Oct 3, 5:23 PM EDT · Statement period ended Jul 31, 2026

Financial statements

Revenue

706.41B

FY2026 · ended Jan 31, 2026

Operating Income

29.83B

FY2026 · ended Jan 31, 2026

Net Income

21.89B

FY2026 · ended Jan 31, 2026

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

TECHi unified data / SEC Companyfacts. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS uses the provider’s reported share basis; a missing quarter says it is not on file, or shows a derived figure only when net income and a plausible share count are already on the page. Mixed filing split bases are not summed. EPS growth and trend lines require matching documented accounting and split bases. Tab through controls; use arrow keys inside the table.

WMT annual income
FY2026Ended Jan 31, 2026Filed Mar 13, 2026Source filing	FY2025Ended Jan 31, 2025As reported in the Mar 13, 2026 filingSource filing	FY2024Ended Jan 31, 2024As reported in the Mar 13, 2026 filingSource filing	FY2023Ended Jan 31, 2023Filed Mar 14, 2025Source filing	1Y change	3Y annual growth
706.41B	674.54B	642.64B	605.88B	4.7%	5.3%
21.89B	19.44B	15.51B	11.68B	12.6%	23.3%
29.83B	29.35B	27.01B	20.43B	1.6%	13.4%

Earnings quality · Jan 31, 2026

Net income: 21.89B
Free cash flow: 14.92B
Stock-based compensation: —
FCF / net income: 68.2%
Accrual gap / revenue: -2.8%
Cash conversion: Weak cash conversion

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly financial dataset

Changes between reports

Q2 Jul 31, 2026 versus Q1 Apr 30, 2026

Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).

Revenue: 186.1B↑ +5.9%; Previous: 175.68B · USD
Operating margin: 5.04%↑ +0.8 pp; Previous: 4.27%
Net margin: 3.42%↑ +0.4 pp; Previous: 3.03%
Cash: 11.53B↑ +7.5%; Previous: 10.73B · USD
Debt: 39.93B↓ -2.1%; Previous: 40.78B · USD
Inventory: 61.6B↓ -1.6%; Previous: 62.57B · USD
Capex: 7.5B↑ +12.2%; Previous: 6.68B · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: 4.54%
PEG: 7.95×PEG is the forward P/E divided by the expected EPS growth rate in percent.

EPS growth proxy compares the available annual estimate (FY2027 period end 2027-01-31) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. Legacy provider P/E observations with an unknown earnings basis are excluded. Available P/E observations: 7 since 2026-09-26.

Why provider ratios differ · reconciliation

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Source and date
Trailing P/E	37.78	Yahoo Finance · Oct 3, 2026, 5:23 PM EDT
Trailing EPS	2.76	Yahoo Finance · Oct 3, 2026, 5:23 PM EDT
Price ÷ annual EPS estimate	36.13×	TECHi calculation · FY2027 period end 2027-01-31

All data sources

Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.

How to use this page

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