Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club U.S. It operates supercenters, supermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; and ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites. It offers grocery items, including dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, as well as consumables, such as health and beauty aids, pet supplies, household chemicals, paper goods, and baby products; and fuel and other categories. In addition, it is involved in the provision of health and wellness products covering pharmacy, optical and hearing services, over-the-counter drugs, and protein and nutrition products; and home, hardlines, and seasonal items, including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, and mattresses. Further, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Additionally, it operates digital payment platforms; offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access; and markets lines of merchandise under private and licensed brands. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $713.2B | $46.5B | $21.9B | $14.9B | 22.0% | 4.7% | 12.6% |
| 2025 | $681.0B | $42.0B | $19.4B | $12.7B | 21.4% | 5.1% | 25.3% |
| 2024 | $648.1B | $36.4B | $15.5B | $15.1B | 18.5% | 6.0% | 32.8% |
| 2023 | $611.3B | $30.1B | $11.7B | $12.0B | 15.2% | - | - |
| 2022 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 611,289 | 648,125 | 680,985 | 713,163 |
| Cost Of Revenue | - | 463,721 | 490,142 | 511,753 | 535,395 |
| Gross Profit | - | 147,568 | 157,983 | 169,232 | 177,768 |
| Operating Expense | - | 127,140 | 130,971 | 139,884 | 147,943 |
| Operating Income | - | 20,428 | 27,012 | 29,348 | 29,825 |
| EBITDA | - | 30,089 | 36,384 | 42,010 | 46,471 |
| EBIT | - | 19,144 | 24,531 | 29,037 | 32,268 |
| Pretax Income | - | 17,016 | 21,848 | 26,309 | 29,469 |
| Tax Provision | - | 5,724 | 5,578 | 6,152 | 7,199 |
| Net Income | - | 11,680 | 15,511 | 19,436 | 21,893 |
| Net Income Common Stockholders | - | 11,680 | 15,511 | 19,436 | 21,893 |
| Total Expenses | - | 590,861 | 621,113 | 651,637 | 683,338 |
| Interest Expense | - | 2,128 | 2,683 | 2,728 | 2,799 |
| Interest Income | - | 254 | 546 | 483 | 368 |
| Selling General And Administration | 117,812 | 127,140 | 130,971 | 139,884 | - |
| Normalized EBITDA | - | 30,089 | 36,384 | 42,010 | 46,471 |
| Normalized Income | - | 11,680 | 15,511 | 19,436 | 21,893 |
| Market Cap | 1,035,590 | 1,035,590 | 1,035,590 | 1,035,590 | 1,035,590 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Walmart Inc.this co. | WMT | $1.0T | 47.30β premium | 10.40 | 22.0% | 23.50 |
| Costco Wholesale Corporation | COST | $448.7B | 55.39 | 15.38 | 27.8% | 33.04 |
| The Procter & Gamble Company | PG | $354.7B | 21.68 | 6.76 | 31.2% | 15.56 |
| The Coca-Cola Company | KO | $329.3B | 25.16 | 10.25 | 40.7% | 19.52 |
| PepsiCo, Inc. | PEP | $212.5B | 25.79 |
| - |
| - |
| - |
| - |
| 10.41 |
| 40.4% |
| 16.29 |
| Altria Group, Inc. | MO | $112.8B | 16.10 | -31.93 | -198.4% | 12.28 |
| Monster Beverage Corporation | MNST | $76.4B | 40.15 | 9.27 | 23.1% | - |
| Mondelez International, Inc. | MDLZ | $74.7B | 30.17 | 2.86 | 9.5% | 18.83 |
| Colgate-Palmolive Company | CL | $68.3B | 31.85 | 1257.68 | 3948.1% | 19.00 |
| Peer Median | - | 27.98 | 9.76 | 29.5% | 18.83 | |