• Income Statement
  • Balance Sheet
  • Cashflow Statement
  • Profitability
  • Ratios

Walmart's Income Statement

  Chart 2021 2022 2023 2024 2025
Revenue
$559.15 B $572.75 B $611.29 B $648.13 B $680.99 B
Cost of Revenue
$420.32 B $429.00 B $463.72 B $490.14 B $511.75 B
Gross Profit
$138.84 B $143.75 B $147.57 B $157.98 B $169.23 B
Research & Development
- - - - -
Selling,General & Administrative
$116.29 B $117.81 B $127.14 B $130.97 B $139.88 B
Operating Expense
$116.29 B $117.81 B $127.14 B $130.97 B $139.88 B
Operating Income
$22.55 B $25.94 B $20.43 B $27.01 B $29.35 B
Net Income
$13.51 B $13.67 B $11.68 B $15.51 B $19.44 B

Walmart's Balance Sheet

Chart 2021 2022 2023 2024 2025
Cash and Cash Equivalents
$17.74 B $14.76 B $8.63 B $9.87 B $9.04 B
Inventories
$44.95 B $56.51 B $56.58 B $54.89 B $56.44 B
Total Current Assets
$90.07 B $81.07 B $75.66 B $76.88 B $79.46 B
Property,Plant and Equipment
$109.85 B $112.62 B $119.23 B $130.34 B $139.70 B
Goodwill
$28.98 B $29.01 B $28.17 B $28.11 B $28.79 B
Total Assets
$252.50 B $244.86 B $243.20 B $252.40 B $260.82 B
Total Liabilities
$164.97 B $152.97 B $159.21 B $161.83 B $163.13 B
Retained Earnings
$88.76 B $86.90 B $83.14 B $89.81 B $98.31 B
Total Shareholder Equity
$80.93 B $83.25 B $76.69 B $83.86 B $91.01 B
Common Stock
$282.00 M $276.00 M $808.00 M $805.00 M $802.00 M

Walmart's Cash flow

Chart 2021 2022 2023 2024 2025
Depreciation & Amortization
$11.15 B $10.66 B $10.95 B $11.85 B $12.97 B
Dividends Payout
-$6.12 B -$6.15 B -$6.11 B -$6.14 B -$6.69 B
Capital Expenditures (Capex)
-$10.26 B -$13.11 B -$16.86 B -$20.61 B -$23.78 B
Free Cash Flow (FCF)
$25.81 B $11.08 B $11.98 B $15.12 B $12.66 B

Walmart's Profitability

Chart 2021 2022 2023 2024 2025
Gross Profit
$138.84 B $143.75 B $147.57 B $157.98 B $169.23 B
Gross Profit Margin (%)
24.83% 25.10% 24.14% 24.38% 24.85%
Operating Income
$22.55 B $25.94 B $20.43 B $27.01 B $29.35 B
Operating Income Margin (%)
4.03% 4.53% 3.34% 4.17% 4.31%
Net Income
$13.51 B $13.67 B $11.68 B $15.51 B $19.44 B
Net Income Margin (%)
2.42% 2.39% 1.91% 2.39% 2.85%
EBITDA
$34.03 B $31.35 B $30.09 B $36.38 B $42.01 B
EBITDA Margin (%)
6.09% 5.47% 4.92% 5.61% 6.17%

Walmart's Ratios

Chart 2021 2022 2023 2024 2025
Return on Equity (ROE)
16.69% 16.42% 15.23% 18.50% 21.36%
Return on Assets (ROA)
5.35% 5.58% 4.80% 6.15% 7.45%
Debt to Equity
78.15% 68.85% 76.83% 73.12% 66.05%
Debt to total asset
25.05% 23.41% 24.23% 24.30% 23.05%
Enterprise value to revenue
0.79 0.76 0.72 0.77 1.23
Enterprise value to EBITDA
12.92 11.83 14.70 13.64 28.64
Enterprise value
$439.75 B $432.88 B $442.23 B $496.34 B $840.38 B
Cash to Debt
57.04% 42.18% 48.95% 58.26% 60.62%
Tax Rate (%)
33.35% 25.44% 33.64% 25.53% 23.38%
Payout Ratio
45.27% 44.99% 52.35% 39.58% 34.41%

Frequently Asked Questions

What is Walmart's revenue?

In fiscal year 2025, Walmart generated a total revenue of $680.99 Billion.

What is Walmart's net income and net income margin?

In fiscal year 2025, Walmart earned a net income of $19.44 Billion, with a net income margin of 2.85%.

What is Walmart's gross profit and gross profit margin?

In fiscal year 2025, Walmart's gross profit was $169.23 Billion, with a gross profit margin of 24.85%.

What is Walmart's operating profit and operating profit margin?

In fiscal year 2025, Walmart's operating profit was $29.35 Billion, with an operating profit margin of 4.31%.

What is Walmart's EBITDA?

In fiscal year 2025, Walmart's EBITDA was $42.01 Billion.

What is Walmart's free cash flow?

In fiscal year 2025, Walmart's free cash flow was $12.66 Billion.

What are Walmart's total asset and total liability?

In fiscal year 2025, Walmart's total asset was $260.82 Billion, while its total liability was $163.13 Billion.

What are Walmart's capital expenditure (capex) and operating expense (opex)?

In fiscal year 2025, Walmart's capital expenditure (capex) was -$23.78 Billion, while its operating expense (opex) was $139.88 Billion.

What is Walmart's Return on Equity (ROE)?

In fiscal year 2025, Walmart's Return on Equity (ROE) was 21.36%.

What was Walmart's income tax expense, and what is its effective tax rate?

In fiscal year 2025, Walmart's income tax expense amounted to $6.15 Billion, with an effective tax rate of 23.38%.

What is Walmart's Market cap?

As of , Walmart's market cap is .

What is Walmart's Enterprise value?

Walmart's enterprise value reached $840.38 Billion, according to its recent quarterly filing.