Walmart Inc. (WMT)
Income Statement
Consolidated Statement of Income
WALMART INC. (WMT39)
Three Months Ended (In millions, except shares and per share data)
| Apr 30, 2026 (Q1) | Apr 30, 2025 (Q1) | |
|---|---|---|
| Net sales | $175,684 | $163,981 |
| Membership and other income | $2,067 | $1,628 |
| Total revenues | $177,751 | $165,609 |
| Cost of sales | $133,058 | $124,303 |
| Operating, selling, general and administrative expenses | $37,200 | $34,171 |
| Operating income | $7,493 | $7,135 |
| Debt | $574 | $519 |
| Finance lease | $125 | $118 |
| Interest income | $(79) | $(93) |
| Interest, net | $620 | $544 |
| Other (gains) and losses | $(275) | $597 |
| Income before income taxes | $7,148 | $5,994 |
| Provision for income taxes | $1,658 | $1,355 |
| Consolidated net income | $5,490 | $4,639 |
| Consolidated net income attributable to noncontrolling interest | $(160) | $(152) |
| Consolidated net income attributable to Walmart | $5,330 | $4,487 |
| Basic net income per common share attributable to Walmart (in dollars per share) | 0.67 | 0.56 |
| Diluted net income per common share attributable to Walmart (in dollars per share) | 0.67 | 0.56 |
| Basic (shares) | 7,969 | 8,011 |
| Diluted (shares) | 7,999 | 8,051 |
| Dividends declared per common share (in dollars per share) | 0.99 | 0.94 |
Balance Sheet
Consolidated Balance Sheets
WALMART INC. (WMT39)
As of (In millions, except shares and per share data)
| Apr 30, 2026 | Jan 31, 2026 | Apr 30, 2025 | |
|---|---|---|---|
| Cash and cash equivalents | $10,729 | $10,727 | $9,311 |
| Receivables, net | $10,662 | $11,172 | $9,686 |
| Inventories | $62,570 | $58,851 | $57,467 |
| Prepaid expenses and other | $4,433 | $4,124 | $3,789 |
| Total current assets | $88,394 | $84,874 | $80,253 |
| Property and equipment, net | $137,789 | $136,083 | $121,261 |
| Operating lease right-of-use assets | $15,220 | $14,750 | $13,567 |
| Finance lease right-of-use assets, net | $6,033 | $6,123 | $6,056 |
| Goodwill | $28,152 | $28,735 | $28,866 |
| Other long-term assets | $14,019 | $14,103 | $12,369 |
| Total assets | $289,607 | $284,668 | $262,372 |
| Short-term borrowings | $10,673 | $6,596 | $5,595 |
| Accounts payable | $62,876 | $63,061 | $57,700 |
| Dividends payable | $5,921 | $5,660 | |
| Accrued liabilities | $27,530 | $31,187 | $26,085 |
| Accrued income taxes | $1,174 | $596 | $1,465 |
| Long-term debt due within one year | $3,896 | $3,542 | $4,085 |
| Operating lease obligations due within one year | $1,662 | $1,631 | $1,539 |
| Finance lease obligations due within one year | $851 | $856 | $791 |
| Total current liabilities | $114,583 | $107,469 | $102,920 |
| Long-term debt | $36,887 | $34,624 | $36,520 |
| Long-term operating lease obligations | $14,388 | $13,941 | $12,797 |
| Long-term finance lease obligations | $5,822 | $5,905 | $5,878 |
| Deferred income taxes and other | $16,952 | $16,549 | $13,609 |
| Commitments and contingencies | |||
| Redeemable noncontrolling interest | $293 | $293 | $307 |
| Common stock | $796 | $797 | $799 |
| Capital in excess of par value | $6,898 | $6,816 | $5,441 |
| Retained earnings | $100,241 | $104,774 | $90,849 |
| Accumulated other comprehensive loss | $(13,605) | $(12,770) | $(13,296) |
| Total Walmart shareholders' equity | $94,330 | $99,617 | $83,793 |
| Nonredeemable noncontrolling interest | $6,352 | $6,270 | $6,548 |
| Total shareholders' equity | $100,682 | $105,887 | $90,341 |
| Total liabilities, redeemable noncontrolling interest, and shareholders' equity | $289,607 | $284,668 | $262,372 |
Cash Flow
Consolidated Statement of Cash Flows
WALMART INC. (WMT39)
Three Months Ended (In millions, except shares and per share data)
| Apr 30, 2026 (Q1) | Apr 30, 2025 (Q1) | |
|---|---|---|
| Consolidated net income | $5,490 | $4,639 |
| Depreciation and amortization | $3,821 | $3,369 |
| Investment (gains) and losses, net | $(260) | $551 |
| Deferred income taxes | $640 | $(76) |
| Other operating activities | $411 | $501 |
| Receivables, net | $395 | $268 |
| Inventories | $(3,833) | $(807) |
| Accounts payable | $1,177 | $(310) |
| Accrued liabilities | $(3,351) | $(3,627) |
| Accrued income taxes | $248 | $903 |
| Net cash provided by operating activities | $4,738 | $5,411 |
| Payments for property and equipment | $(6,684) | $(4,986) |
| Proceeds from disposal of property and equipment | $36 | $25 |
| Other investing activities | $(89) | $(132) |
| Net cash used in investing activities | $(6,737) | $(5,093) |
| Net change in short-term borrowings | $4,130 | $2,521 |
| Proceeds from issuance of long-term debt | $4,230 | $3,983 |
| Floating Debt, Due 2029 - Senior Unsecured Notes | $349 | |
| 4.000% Debt, Due 2029 - Senior Unsecured Notes | $648 | |
| 4.150% Debt, Due 2031 - Senior Unsecured Notes | $994 | |
| 4.450% Debt, Due 2033 - Senior Unsecured Notes | $1,244 | |
| 4.750% Debt, Due 2036 - Senior Unsecured Notes | $995 | |
| Senior Unsecured Notes | $4,230 | |
| Repayments of long-term debt | $(1,504) | |
| Dividends paid | $(1,972) | $(1,880) |
| Purchase of Company stock | $(2,080) | $(4,555) |
| Other financing activities | $(476) | $(61) |
| Net cash provided by financing activities | $2,328 | $8 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $(331) | $70 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $(2) | $396 |
| Cash, cash equivalents and restricted cash at end of period | ||
| Cash, cash equivalents and restricted cash at end of period |