Walmart cash flow statement
In fiscal 2026, Walmart's operations generated $41.56bn of cash; it spent $26.64bn on capital projects, leaving free cash flow of $14.92bn. It returned $7.51bn in dividends and $8.09bn through buybacks.
Cash flow statement
| Fiscal year | 2010Jan 2010 | 2011Jan 2011 | 2012Jan 2012 | 2013Jan 2013 | 2014Jan 2014 | 2015Jan 2015 | 2016Jan 2016 | 2017Jan 2017 | 2018Jan 2018 | 2019Jan 2019 | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 26.2 | 23.6 | 24.3 | 25.6 | 23.3 | 28.6 | 27.6 | 31.7 | 28.3 | 27.8 | 25.3 | 36.1 | 24.2 | 28.8 | 35.7 | 36.4 | 41.6 | 42.9 |
| Depreciation and amortisation | 7.2 | 7.6 | 8.1 | 8.5 | 8.9 | 9.2 | 9.5 | 10.1 | 10.5 | 10.7 | 11.0 | 11.2 | 10.7 | 10.9 | 11.9 | 13.0 | 14.2 | 15.1 |
| Stock-based pay | — | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.6 | 0.6 | 0.8 | 0.9 | 1.2 | 1.2 | 1.6 | 2.1 | 2.8 | 3.6 | — |
| Capital spending | 12.2 | 12.7 | 13.5 | 12.9 | 13.1 | 12.2 | 11.5 | 10.6 | 10.1 | 10.3 | 10.7 | 10.3 | 13.1 | 16.9 | 20.6 | 23.8 | 26.6 | 29.4 |
| Free cash flow | 14.1 | 10.9 | 10.7 | 12.7 | 10.1 | 16.4 | 16.1 | 21.1 | 18.3 | 17.4 | 14.6 | 25.8 | 11.1 | 12.0 | 15.1 | 12.7 | 14.9 | 13.5 |
| Free cash flow after stock pay | — | 10.6 | 10.4 | 12.3 | 9.8 | 15.9 | 15.6 | 20.5 | 17.7 | 16.6 | 13.7 | 24.6 | 9.9 | 10.4 | 13.0 | 9.9 | 11.3 | — |
| Dividends paid | 4.2 | 4.4 | 5.0 | 5.4 | 6.1 | 6.2 | 6.3 | 6.2 | 6.1 | 6.1 | 6.0 | 6.1 | 6.2 | 6.1 | 6.1 | 6.7 | 7.5 | 7.7 |
| Share buybacks | 7.3 | 14.8 | 6.3 | 7.6 | 6.7 | 1.0 | 4.1 | 8.3 | 8.3 | 7.4 | 5.7 | 2.6 | 9.8 | 9.9 | 2.8 | 4.5 | 8.1 | 7.0 |
| Shares issued | — | — | — | — | — | — | — | — | — | — | 0.1 | 0.1 | 3.2 | 0.1 | 0.7 | 0.4 | 0.1 | — |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 6.6 | 13.5 | 5.4 | 12.9 | 9.1 | 14.1 | 4.7 | 15.0 |
| Depreciation and amortisation | 3.3 | 3.4 | 3.4 | 3.5 | 3.6 | 3.7 | 3.8 | 3.9 |
| Capital spending | 6.2 | 7.1 | 5.0 | 6.4 | 7.2 | 8.0 | 6.7 | 7.5 |
| Free cash flow | 0.4 | 6.4 | 0.4 | 6.5 | 1.9 | 6.1 | −1.9 | 7.5 |
| Shares issued | 0.0 | 0.3 | — | — | — | — | — | — |
Compare with peers
- Costco cash flow
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