Walmart Quarterly Income Statement
NASDAQ: WMTConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Walmart revenue and earnings
In the quarter ended Jul 31, 2026, Walmart generated $187.94 billion in revenue, up 5.9% from the same quarter a year earlier. Net income was $6.37 billion (-9.4% year over year), for a net margin of 3.4% versus a median of 3.0% in the prior 5 quarters. Gross margin was 26.1% (up from 25.2%) and operating margin 5.0%.
Diluted earnings per share came in at $0.80, down from $0.88.
Summary generated from market data by MetaCap's automated system. Methodology
Walmart income statement (quarterly)
| Quarter (USD) | Q2 20272026-07-31 | Q1 20272026-04-30 | Q4 20262026-01-31 | Q3 20262025-10-31 | Q2 20262025-07-31 | Q1 20262025-04-30 | Q4 20252025-01-31 | Q3 20252024-10-31 | Q2 20252024-07-31 | Q1 20252024-04-30 | Q4 20242024-01-31 | Q3 20242023-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 187.94B | 177.75B | 190.66B | 179.50B | 177.40B | 165.61B | 180.55B | 169.59B | 169.34B | 161.51B | 173.39B | 160.80B |
| Revenue growth (YoY) | +5.94% | +7.33% | +5.60% | +5.84% | +4.76% | +2.54% | +4.13% | +5.46% | +4.77% | +6.05% | +5.69% | +5.23% |
| Cost of Revenue | 138.80B | 133.06B | 143.62B | 134.71B | 132.77B | 124.30B | 136.17B | 127.34B | 126.81B | 121.43B | 131.82B | 121.18B |
| Gross Profit | 49.13B | 44.69B | 47.04B | 44.79B | 44.63B | 41.31B | 44.38B | 42.25B | 42.52B | 40.08B | 41.56B | 39.62B |
| Operating Expenses | 39.75B | 37.20B | 38.33B | 38.09B | 37.34B | 34.17B | 36.52B | 35.54B | 34.59B | 33.24B | 34.31B | 33.42B |
| Selling, General & Admin | 39.75B | 37.20B | 38.33B | 38.09B | 37.34B | 34.17B | 36.52B | 35.54B | 34.59B | 33.24B | 34.31B | 33.42B |
| Operating Income | 9.38B | 7.49B | 8.71B | 6.70B | 7.29B | 7.13B | 7.86B | 6.71B | 7.94B | 6.84B | 7.25B | 6.20B |
| Interest Expense | 137.00M | 574.00M | 585.00M | 563.00M | 651.00M | 519.00M | 599.00M | 496.00M | 557.00M | 597.00M | 576.00M | 572.00M |
| Other Income (Expense) | -1.20B | 275.00M | -2.12B | 2.08B | 2.71B | -597.00M | -294.00M | -132.00M | -1.16B | 794.00M | 813.00M | -4.75B |
| Pretax Income | 8.01B | 7.15B | 5.97B | 8.19B | 9.32B | 5.99B | 6.96B | 6.10B | 6.21B | 7.04B | 7.52B | 915.00M |
| Income Tax | 1.48B | 1.66B | 1.58B | 2.10B | 2.17B | 1.35B | 1.54B | 1.38B | 1.50B | 1.73B | 1.84B | 272.00M |
| Net Income | 6.37B | 5.33B | 4.24B | 6.14B | 7.03B | 4.49B | 5.25B | 4.58B | 4.50B | 5.10B | 5.49B | 453.00M |
| Net Income growth (YoY) | -9.39% | +18.79% | -19.36% | +34.21% | +56.10% | -12.09% | -4.37% | +910.38% | -42.96% | +205.08% | -12.45% | — |
| EPS (Basic) | 0.80 | 0.67 | 0.53 | 0.77 | 0.88 | 0.56 | 0.66 | 0.57 | 0.56 | 0.63 | 0.67 | 0.06 |
| EPS (Diluted) | 0.80 | 0.67 | 0.52 | 0.77 | 0.88 | 0.56 | 0.65 | 0.57 | 0.56 | 0.63 | 0.67 | 0.06 |
| Shares Outstanding (Basic) | 7.95B | 7.97B | — | 7.97B | 7.98B | 8.01B | — | 8.04B | 8.04B | 8.05B | — | 8.08B |
| Shares Outstanding (Diluted) | 7.98B | 8.00B | — | 8.01B | 8.02B | 8.05B | — | 8.08B | 8.08B | 8.08B | — | 8.11B |
| EBITDA | 13.31B | 11.31B | 12.45B | 10.30B | 10.77B | 10.50B | 11.23B | 9.97B | 11.15B | 9.97B | 10.37B | 9.19B |
| Gross Margin | 26.14% | 25.14% | 24.67% | 24.95% | 25.16% | 24.94% | 24.58% | 24.91% | 25.11% | 24.81% | 23.97% | 24.64% |
| Operating Margin | 4.99% | 4.22% | 4.57% | 3.73% | 4.11% | 4.31% | 4.35% | 3.96% | 4.69% | 4.24% | 4.18% | 3.86% |
| Net Margin | 3.39% | 3.00% | 2.22% | 3.42% | 3.96% | 2.71% | 2.91% | 2.70% | 2.66% | 3.16% | 3.17% | 28.00% |
This table shows 12 quarterly periods of Walmart's income statement, from Q2 2027 back to Q3 2024, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WMT's reporting calendar. What is a income statement?