Walmart income statement

In fiscal 2026, Walmart reported revenue of $713.16bn, up 4.7% on the year before, operating income of $29.82bn (a 4.2% margin) and net income of $21.89bn, or $2.73 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Walmart: income statement, annual
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
Revenue	408.1	421.8	446.5	468.7	476.3	485.7	482.1	485.9	500.3	514.4	524.0	559.2	572.8	611.3	648.1	681.0	713.2	735.8
Cost of revenue	304.1	314.9	335.0	352.3	358.1	365.1	361.0	361.3	373.4	385.3	394.6	420.3	429.0	463.7	490.1	511.8	535.4	550.2
Gross profit	104.0	106.9	111.5	116.4	118.2	120.6	121.1	124.6	126.9	129.1	129.4	138.8	143.8	147.6	158.0	169.2	177.8	185.7
Selling, general and administrative	80.0	81.4	85.0	88.6	91.4	93.4	97.0	101.9	106.5	107.1	108.8	116.3	117.8	127.1	131.0	139.9	147.9	153.4
Operating income	24.0	25.5	26.5	27.7	26.9	27.1	24.1	22.8	20.4	22.0	20.6	22.5	25.9	20.4	27.0	29.3	29.8	32.3
Interest expense	1.8	1.9	2.0	2.0	2.1	2.2	2.0	2.0	2.0	2.0	2.3	2.0	1.7	1.8	2.3	2.2	2.3	1.9
Net interest income	−1.9	−2.0	−2.2	−2.1	−2.2	−2.3	−2.5	−2.3	−2.2	−2.1	−2.4	−2.2	−1.8	−1.9	−2.1	—	—	—
Income before tax	22.1	23.5	24.3	25.7	24.7	24.8	21.6	20.5	15.1	11.5	20.1	20.6	18.7	17.0	21.8	26.3	29.5	29.3
Income tax	7.2	7.6	7.9	8.0	8.1	8.0	6.6	6.2	4.6	4.3	4.9	6.9	4.8	5.7	5.6	6.2	7.2	6.8
Net income	14.4	16.4	15.7	17.0	16.0	16.4	14.7	13.6	9.9	6.7	14.9	13.5	13.7	11.7	15.5	19.4	21.9	22.1
Diluted EPS	$1.24	$1.49	$1.51	$1.67	$1.63	$1.68	$1.52	$1.46	$1.09	$0.75	$1.73	$1.58	$1.62	$1.42	$1.91	$2.41	$2.73	$2.76
Diluted shares (average)	11,631m	11,010m	10,422m	10,167m	9,849m	9,729m	9,651m	9,336m	9,030m	8,835m	8,604m	8,541m	8,415m	8,202m	8,108m	8,081m	8,022m	8,000m
EBITDA	31.2	33.2	34.6	36.2	35.7	36.3	33.6	32.8	31.0	32.6	31.6	33.7	36.6	31.4	38.9	42.3	44.0	47.4

US$ billions unless shown otherwise. Fiscal quarters.

Walmart: income statement, quarterly
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
Revenue	169.6	180.6	165.6	177.4	179.5	190.7	177.8	187.9
Cost of revenue	127.3	136.2	124.3	132.8	134.7	143.6	133.1	138.8
Gross profit	42.2	44.4	41.3	44.6	44.8	47.0	44.7	49.1
Selling, general and administrative	35.5	36.5	34.2	37.3	38.1	38.3	37.2	39.8
Operating income	6.7	7.9	7.1	7.3	6.7	8.7	7.5	9.4
Interest expense	0.5	0.6	0.5	0.7	0.6	0.6	0.6	0.1
Income before tax	6.1	7.0	6.0	9.3	8.2	6.0	7.1	8.0
Income tax	1.4	1.5	1.4	2.2	2.1	1.6	1.7	1.5
Net income	4.6	5.3	4.5	7.0	6.1	4.2	5.3	6.4
Diluted EPS	$0.57	$0.66	$0.56	$0.88	$0.77	$0.53	$0.67	$0.80
EBITDA	10.0	11.2	10.5	10.8	10.3	12.4	11.3	13.3

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Walmart's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Walmart.