Walmart Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $713.16B | $680.99B | $648.13B | $611.29B | $572.75B | $559.15B | $523.96B | $514.41B |
| Walmart U.S. | $482.98B | $462.42B | $441.82B | $420.55B | $393.25B | $369.96B | $341.00B | $331.67B |
| Walmart International | $130.42B | $121.89B | $114.64B | $100.98B | $100.96B | $121.36B | $120.13B | $120.82B |
| Sam's Club | $93.02B | $90.24B | $86.18B | $84.35B | $73.56B | $63.91B | $58.79B | $57.84B |
| Membership and Other Income | $6.75B | $6.45B | $5.49B | $5.41B | $4.99B | $3.92B | $4.04B | $4.08B |
| Cost of Revenue | $535.40B | $511.75B | $490.14B | $463.72B | $429.00B | $420.32B | $394.61B | $385.30B |
| Gross Profit | $177.77B | $169.23B | $157.98B | $147.57B | $143.75B | $138.84B | $129.36B | $129.10B |
| Gross Margin | 24.9% | 24.9% | 24.4% | 24.1% | 25.1% | 24.8% | 24.7% | 25.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $147.94B | $139.88B | $130.97B | $127.14B | $117.81B | $116.29B | $108.79B | $107.15B |
| Operating Income | $29.83B | $29.35B | $27.01B | $20.43B | $25.94B | $22.55B | $20.57B | $21.96B |
| Operating Margin | 4.2% | 4.3% | 4.2% | 3.3% | 4.5% | 4.0% | 3.9% | 4.3% |
| Interest Expense | $2.32B | $2.25B | $2.26B | $1.79B | $1.67B | $1.98B | $2.26B | $1.98B |
| Pretax Income | $29.47B | $26.31B | $21.85B | $17.02B | $18.70B | $20.56B | $20.12B | $11.46B |
| Income Tax Expense | $7.20B | $6.15B | $5.58B | $5.72B | $4.76B | $6.86B | $4.92B | $4.28B |
| Net Income | $21.89B | $19.44B | $15.51B | $11.68B | $13.67B | $13.51B | $14.88B | $6.67B |
| Net Margin | 3.1% | 2.9% | 2.4% | 1.9% | 2.4% | 2.4% | 2.8% | 1.3% |
| EPS (Basic) | $2.74 | $2.42 | $1.92 | $1.43 | $1.63 | $1.59 | $1.74 | $0.76 |
| EPS (Diluted) | $2.73 | $2.41 | $1.91 | $1.42 | $1.62 | $1.58 | $1.73 | $0.75 |
| Shares Outstanding (Basic) | 7.98B | 8.04B | 8.08B | 8.17B | 8.38B | 8.49B | 8.55B | 8.79B |
| Shares Outstanding (Diluted) | 8.02B | 8.08B | 8.11B | 8.20B | 8.42B | 8.54B | 8.60B | 8.84B |
| Dividends Per Share | $0.94 | $0.83 | $0.76 | $0.75 | $0.73 | $0.72 | $0.71 | $0.69 |