Walmart (WMT): financials, SEC filings and peers
Walmart (WMT) is a consumer staples merchandise retail company in the Consumer Staples sector of the S&P 500, headquartered in Bentonville, Arkansas.
It was founded in 1962 and joined the S&P 500 on August 31, 1982.
Its fiscal year ends in January, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Retail-Variety Stores”.
Walmart at a glance
- Revenue (12 months)
- $735.8B
- Revenue growth
- +6.2%
- Operating margin
- 4.4%
- Net income (12 months)
- $22.1B
- Free cash flow (12 months)
- $13.5B
- Cash
- $11.5B
- Debt
- $50.4B
- Diluted EPS (12 months)
- $2.77
Twelve months to July 31, 2026, from the 10-Q filed August 28, 2026.
Latest twelve months
Over the twelve months to July 31, 2026, Walmart reported revenue of $735.8 billion, about the same as a year earlier (+6.2%).
Its operating margin was 4.4%: for every $100 of sales, about $4 was left as operating profit.
Net income was $22.1 billion (3.0% of revenue), 3.4% higher than a year earlier.
Operating cash flow was $42.9 billion and capital spending $29.4 billion, leaving free cash flow of $13.5 billion (1.8% of revenue).
At the end of the period it held $11.5 billion in cash and $50.4 billion in debt, a net debt position of $38.9 billion.
Five-year trend
- Revenue went from $559.2 billion in fiscal 2021 to $713.2 billion in fiscal 2026, about 5.0% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin has been steady, around 4.2%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $572.8B | $611.3B | $648.1B | $681.0B | $713.2B |
| Revenue growth | 2.4% | 6.7% | 6.0% | 5.1% | 4.7% |
| Operating margin | 4.5% | 3.3% | 4.2% | 4.3% | 4.2% |
| Net income | $13.7B | $11.7B | $15.5B | $19.4B | $21.9B |
| Free cash flow | $11.1B | $12.0B | $15.1B | $12.7B | $14.9B |
| Diluted EPS | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 |
Fiscal years as reported in Walmart’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
Companies like Walmart
Other S&P 500 companies in Consumer Staples Merchandise Retail:
- COSTCostcoIssaquah, Washington
- DGDollar GeneralGoodlettsville, Tennessee
- DLTRDollar TreeChesapeake, Virginia
- TGTTarget CorporationMinneapolis, Minnesota
More from Consumer Staples
Questions about Walmart
Is Walmart's revenue growing?
Yes. Revenue for the twelve months to July 31, 2026 was $735.8 billion, up 6.2% from a year earlier, according to its SEC filings.
Is Walmart profitable?
Yes. It earned $22.1 billion in net income over the twelve months to July 31, 2026, a net margin of 3.0%.
Does Walmart have more cash or more debt?
At July 31, 2026 it had $11.5 billion in cash and $50.4 billion in debt, so more debt than cash.
When did Walmart last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 28, 2026.
Which companies are similar to Walmart?
In the S&P 500, Walmart is grouped in Consumer Staples Merchandise Retail within the Consumer Staples sector. Costco (COST), Dollar General (DG), Dollar Tree (DLTR), Target Corporation (TGT) are in the same group.
Understand the numbers
Source: Walmart’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.