Walmart Inc. (WMT) income statement
NASDAQ · Consumer Defensive · Discount Stores · 2,100,000 employees · CEO John Furner
- Price
- $123.51 +1.86%
- Market cap
- $983B
- Enterprise value
- $1.05T
- Last report
- Q2 '27 filed 2026-08-28
- Next report
- 2026-11-19 EPS est. $0.64
Walmart Inc. (WMT) reported revenue of $188B for Q2 '27 (+5.9% year on year), operating income of $9.38B (5.0% of revenue) and net income of $6.37B. Over the last four quarters revenue was $736B.
Income statement
| Income statement | Trend | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $161B | $173B | $162B | $169B | $170B | $181B | $166B | $177B | $179B | $191B | $178B | $188B | |
| Cost of revenue | $121B | $132B | $121B | $127B | $127B | $136B | $124B | $133B | $135B | $144B | $133B | $139B | |
| Gross profit | $39.6B | $41.6B | $40.1B | $42.5B | $42.2B | $44.4B | $41.3B | $44.6B | $44.8B | $47B | $44.7B | $49.1B | |
| General & administrative | $33.4B | $34.3B | $33.2B | $34.6B | $35.5B | $36.5B | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $33.4B | $34.3B | $33.2B | $34.6B | $35.5B | $36.5B | $34.2B | $37.3B | $38.1B | $38.3B | $37.2B | $39.8B | |
| Operating income | $6.2B | $7.25B | $6.84B | $7.94B | $6.71B | $7.86B | $7.14B | $7.29B | $6.7B | $8.71B | $7.49B | $9.38B | |
| Interest income | $145M | $146M | $114M | $114M | $140M | $115M | $93M | $94M | $93M | $88M | $79M | $92M | |
| Interest expense | $682M | $695M | $714M | $679M | $618M | $717M | $637M | $769M | $684M | $709M | $699M | $263M | |
| Other non-operating income (gains on investments, FX ...) | $4.61B | -$959M | -$908M | $1.05B | -$8M | $179M | $504M | -$2.8B | -$2.17B | $2.03B | -$354M | $1.11B | |
| Total non-operating income | -$5.29B | $264M | $194M | -$1.73B | -$610M | -$896M | -$1.14B | $2.03B | $1.49B | -$2.74B | -$345M | -$1.37B | |
| Income before tax | $915M | $7.52B | $7.04B | $6.21B | $6.1B | $6.96B | $5.99B | $9.32B | $8.19B | $5.97B | $7.15B | $8.01B | |
| Income tax | $272M | $1.84B | $1.73B | $1.5B | $1.38B | $1.54B | $1.36B | $2.17B | $2.1B | $1.58B | $1.66B | $1.48B | |
| Net income | $453M | $5.49B | $5.1B | $4.5B | $4.58B | $5.25B | $4.49B | $7.03B | $6.14B | $4.24B | $5.33B | $6.37B | |
| EPS (basic) | $0.06 | $0.68 | $0.63 | $0.56 | $0.57 | $0.65 | $0.56 | $0.88 | $0.77 | $0.53 | $0.67 | $0.80 | |
| EPS (diluted) | $0.06 | $0.68 | $0.63 | $0.56 | $0.57 | $0.65 | $0.56 | $0.88 | $0.77 | $0.52 | $0.67 | $0.80 | |
| Shares (basic, weighted) | 8.08B | 8.07B | 8.05B | 8.04B | 8.04B | 8.03B | 8.01B | 7.98B | 7.97B | 7.97B | 7.97B | 7.95B | |
| Shares (diluted, weighted) | 8.11B | 8.1B | 8.08B | 8.08B | 8.08B | 8.08B | 8.05B | 8.02B | 8.01B | 8.01B | 8B | 7.98B | |
| Depreciation & amortization | $2.99B | $3.12B | $3.13B | $3.21B | $3.26B | $3.37B | $3.37B | $3.49B | $3.61B | $3.74B | $3.82B | $3.93B | |
| EBITDA | $4.58B | $11.3B | $10.9B | $10.1B | $9.98B | $11.1B | $10B | $13.6B | $12.5B | $10.4B | $11.7B | $12.2B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $486B | $500B | $514B | $524B | $559B | $573B | $611B | $648B | $681B | $713B | |
| Cost of revenue | $361B | $373B | $385B | $395B | $420B | $429B | $464B | $490B | $512B | $535B | |
| Gross profit | $125B | $127B | $129B | $129B | $139B | $144B | $148B | $158B | $169B | $178B | |
| General & administrative | $102B | $107B | $107B | $109B | $116B | $118B | $127B | $131B | $140B | $0 | |
| Operating expenses | $102B | $107B | $107B | $109B | $116B | $118B | $127B | $131B | $140B | $148B | |
| Operating income | $22.8B | $20.4B | $22B | $20.6B | $22.5B | $25.9B | $20.4B | $27B | $29.3B | $29.8B | |
| Interest income | $100M | $152M | $217M | $189M | $121M | $158M | $254M | $546M | $483M | $368M | |
| Interest expense | $2.37B | $2.33B | $2.35B | $2.6B | $2.32B | $1.99B | $2.13B | $2.68B | $2.73B | $2.8B | |
| Other non-operating income (gains on investments, FX ...) | -$100M | $2.98B | $8.15B | -$2.15B | -$331M | $5.25B | $1.28B | $2.48B | $311M | -$2.44B | |
| Total non-operating income | -$2.27B | -$5.31B | -$10.5B | -$452M | -$1.98B | -$7.25B | -$3.41B | -$5.16B | -$3.04B | -$356M | |
| Income before tax | $20.5B | $15.1B | $11.5B | $20.1B | $20.6B | $18.7B | $17B | $21.8B | $26.3B | $29.5B | |
| Income tax | $6.2B | $4.6B | $4.28B | $4.92B | $6.86B | $4.76B | $5.72B | $5.58B | $6.15B | $7.2B | |
| Net income | $13.6B | $9.86B | $6.67B | $14.9B | $13.5B | $13.7B | $11.7B | $15.5B | $19.4B | $21.9B | |
| EPS (basic) | $1.47 | $1.10 | $0.76 | $1.74 | $1.63 | $1.63 | $1.43 | $1.92 | $2.42 | $2.74 | |
| EPS (diluted) | $1.46 | $1.09 | $0.75 | $1.73 | $1.62 | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 | |
| Shares (basic, weighted) | 9.3B | 8.99B | 8.79B | 8.55B | 8.49B | 8.38B | 8.17B | 8.08B | 8.04B | 7.98B | |
| Shares (diluted, weighted) | 9.34B | 9.03B | 8.84B | 8.6B | 8.54B | 8.42B | 8.2B | 8.11B | 8.08B | 8.02B | |
| Depreciation & amortization | $10.1B | $10.5B | $10.7B | $11B | $11.2B | $10.7B | $10.9B | $11.9B | $13B | $14.2B | |
| EBITDA | $32.8B | $28B | $24.5B | $33.7B | $34B | $31.3B | $30.1B | $36.4B | $42B | $46.5B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-Q 2026-04-30, 10-K 2026-01-31, 10-Q 2025-10-31, 10-Q 2025-07-31, 10-Q 2025-04-30, 10-K 2025-01-31, 10-Q 2024-10-31, 10-Q 2024-07-31
Data as of 2026-11-01