Walmart Inc. income statement & cash flow
In the fiscal year ended Jan 31, 2026, Walmart Inc. reported net income of $21.89B on revenue of $713.16B. Operating cash flow was $41.56B and capital expenditures were $26.64B, leaving $14.92B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $485.87B | $500.34B | $514.40B | $523.96B | $559.15B | $572.75B | $611.29B | $648.12B | $680.99B | $713.16B |
| Operating income | $22.76B | $20.44B | $21.96B | $20.57B | $22.55B | $25.94B | $20.43B | $27.01B | $29.35B | $29.82B |
| Net income | $13.64B | $9.86B | $6.67B | $14.88B | $13.51B | $13.67B | $11.68B | $15.51B | $19.44B | $21.89B |
| Diluted EPS | $4.38 | $3.28 | $2.26 | $5.19 | $4.75 | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 |
| Operating cash flow | $31.67B | $28.34B | $27.75B | $25.25B | $36.07B | $24.18B | $28.84B | $35.73B | $36.44B | $41.56B |
| Capital expenditures | $10.62B | $10.05B | $10.34B | $10.71B | $10.26B | $13.11B | $16.86B | $20.61B | $23.78B | $26.64B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Jan 2026 | — | 4.2% | 3.1% |
| Jan 2025 | — | 4.3% | 2.9% |
| Jan 2024 | — | 4.2% | 2.4% |
| Jan 2023 | — | 3.3% | 1.9% |
| Jan 2022 | — | 4.5% | 2.4% |
Source: SEC EDGAR XBRL company facts for CIK 104169 (raw data). Most recent filing in this dataset: 10-Q filed Aug 28, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.