---
title: "Walmart: Metrics Guide"
description: "Walmart revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained."
canonical: https://www.getswoopr.com/stocks/companies/walmart/metrics/
source: "Swoopr Investment: https://www.getswoopr.com"
---

## Direct Answer

> This guide identifies the key financial and operating metrics for Walmart (WMT), the world's largest retailer, explaining what each metric measures and how it connects to Walmart's comparable-sales model, e-commerce and advertising growth, and the membership economics of Sam's Club.

# Walmart Financial Metrics & KPI Guide

## What Are Walmart's Key Financial Figures?

| Fiscal year | FY2026ended January 31, 2026 | FY2025ended January 31, 2025 | FY2024ended January 31, 2024 | FY2023ended January 31, 2023 |
| --- | --- | --- | --- | --- |
| Revenue | $713 billion | $681 billion | $648 billion | $611 billion |
| Operating income | $29.8 billion | $29.3 billion | $27.0 billion | $20.4 billion |
| Operating margin | 4.2% | 4.3% | 4.2% | 3.3% |
| Net income | $21.9 billion | $19.4 billion | $15.5 billion | $11.7 billion |
| Net margin | 3.1% | 2.9% | 2.4% | 1.9% |
| Operating cash flow | $41.6 billion | $36.4 billion | $35.7 billion | $28.8 billion |
| Capital expenditures | $26.6 billion | $23.8 billion | $20.6 billion | $16.9 billion |
| Free cash flow | $14.9 billion | $12.7 billion | $15.1 billion | $12.0 billion |

Operating margin held roughly steady between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $14.9 billion against net income of $21.9 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.

![Bar chart of Walmart revenue, operating income, net income for fiscal 2023 to 2026. In fiscal 2026, revenue was $713 billion, operating income $29.8 billion and net income $21.9 billion.](https://www.getswoopr.com/images/charts/walmart-metrics-revenue-profit.webp)
*Walmart revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.*

![Line chart of Walmart operating margin and net margin for fiscal 2023 to 2026. In fiscal 2026, operating margin was 4.2% and net margin was 3.1%.](https://www.getswoopr.com/images/charts/walmart-metrics-margins.webp)
*Walmart operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.*

![Bar chart of Walmart operating cash flow, capital expenditures, free cash flow for fiscal 2023 to 2026. In fiscal 2026, operating cash flow was $41.6 billion, capital expenditures was $26.6 billion, free cash flow was $14.9 billion.](https://www.getswoopr.com/images/charts/walmart-metrics-cash-flow.webp)
*Walmart operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.*

## What Does Walmart's Balance Sheet Show?

| Cash and cash equivalents | $10.7 billion |
| --- | --- |
| Long-term debt | $34.6 billion |
| Total assets | $285 billion |
| Total liabilities | Not reported |
| Shareholders' equity | $99.6 billion |
| Current ratio | 0.8x |

Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.

## Where These Numbers Come From

Every figure on this page is a value Walmart reported in its own SEC filings, read from the SEC's XBRL data (accession 0000104169-26-000055 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.

Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What was Walmart's revenue in fiscal 2026?

Walmart reported revenue of $713 billion for the fiscal year ended January 31, 2026, according to its SEC filings.

### What is Walmart's operating margin?

Walmart's operating margin was 4.2% in fiscal 2026: operating income of $29.8 billion on revenue of $713 billion.

### How much free cash flow did Walmart generate?

Operating cash flow of $41.6 billion less capital expenditures of $26.6 billion gives free cash flow of $14.9 billion for fiscal 2026.

## References

- [SEC EDGAR: Walmart Inc. Form 10-K filed March 13, 2026](https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm)
- [SEC EDGAR: Walmart Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=104169&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)

## Related Pages

- [Walmart company dossier](https://www.getswoopr.com/stocks/companies/walmart/)
- [Walmart financial metrics](https://www.getswoopr.com/stocks/companies/walmart/metrics/)
- [Walmart financial risk indicators](https://www.getswoopr.com/stocks/companies/walmart/risks/)
- [Walmart peer comparison](https://www.getswoopr.com/stocks/companies/walmart/competitors/)
- [Walmart business model and revenue mix](https://www.getswoopr.com/stocks/companies/walmart/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).