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MARKETS / NASDAQ / WMT
NASDAQ · RETAIL-VARIETY STORES · LARGE CAP

Walmart Inc. WMT

19 fiscal years on record · USD · FY2025 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
$706.4B
▲ 4.7% YoY
$21.9B
▲ 12.6% YoY
$14.9B
▲ 17.9% YoY
In brief

What this company does

Walmart operates retail, wholesale and other units, as well as eCommerce, throughout the U.S., Africa, Canada, Central America, Chile, China, India and Mexico. Each week it serves approximately 280 million customers, who visit more than 10,900 stores in 19 countries as well as its eCommerce websites and mobile applications. Total revenues for fiscal 2026 were $713.2 billion, of which net sales accounted for $706.4 billion. Its operations are conducted in three reportable segments: Walmart U.S., Walmart International and Sam's Club U.S. Walmart U.S. operates 4,611 stores, including in all 50 states, Washington D.C. and Puerto Rico. Walmart International operates 5,743 stores across 18 countries outside the U.S. Sam's Club U.S. is a membership-only warehouse club with 601 clubs in 44 states in the U.S. and Puerto Rico, and it also runs samsclub.com and the Sam's Club mobile application. The businesses conducted by its founders began in 1945, when Sam M. Walton opened a franchise Ben Franklin variety store in Newport, Arkansas.

Written from the business description in Walmart Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth
USD 706.4B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 706.4 · Net income 21.9
250.0B500.0B2007201020132016201920222025
Compound annual growth
+5.3%
+4.9%
+3.9%
+3.5%
+23.3%
+10.1%
+4.1%
+1.9%
+24.3%
+8.0%
−0.9%
+12.3%
+4.1%
−1.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.9% a year over five years — but profit grew faster: net income at +10.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.2% · Net 3.2%
2%4%6%2007201020132016201920222025
ROE
FY2025 · ROE 23.0%
10%20%2007201020132016201920222025

Each USD of equity produced 23 cents of profit this year.

Cash & shareholders
USD 15.6B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 14.9
10B20B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 7.5 · Net buybacks 8.1
8B16BDividendsNet buybacks2007201020132016201920222025
Dividends paidUSD 7.5B
Net buybacksUSD 8.1B
Share of profit71.2%
Consecutive raises4 years (since the 2021 share-count change)

USD 7.5B in dividends and USD 8.1B in buybacks — 71% of the year's profit went back to shareholders.

Total assetsUSD 284.7B
EquityUSD 99.6B
CashUSD 10.7B
Gross debtUSD 38.2B
Net debtUSD 27.4B
Current ratio0.79×

Net debt stands at 28% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B706.4674.5642.6605.9567.8555.2519.9510.3495.8481.3482.1485.7476.3468.7446.5421.8408.1404.3377.0
Operating income $B29.829.327.020.425.922.520.622.020.422.824.127.126.927.726.525.524.022.822.0
EBITDA $B44.042.338.931.436.633.731.632.631.032.833.636.335.736.234.633.2···
Income tax $B7.26.25.65.74.86.94.94.34.66.26.68.08.18.07.97.67.2−7.16.9
Net income $B21.919.415.511.713.713.514.96.79.913.614.716.416.017.015.716.414.413.412.7
Free cash flow $B14.912.715.112.011.125.814.617.418.321.116.116.410.112.710.710.914.111.65.7
EPS, diluted $2.732.411.911.421.624.755.192.263.284.384.575.054.885.024.524.473.713.393.13
Dividend / sh $0.940.830.760.750.732.162.122.082.042.001.961.921.881.591.461.211.090.950.88
Payout %34344052454541916246433838323227292828
ROE %23.022.219.314.616.717.420.28.912.717.218.120.821.023.022.523.621.220.5·
Shares out B··············3.423.523.793.92·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Variety Stores
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsJanuary 31
Data on record since2007

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