Walmart Inc. (WMT) fundamental analysis

From the Sep 26, 2026 report · Read the full report

Annual income statement

Fiscal year	Revenue	Growth	Gross margin	Operating margin	Net margin	Free cash flow	Diluted EPS
Jan 31, 2026	713.16B	4.7%	24.9%	4.2%	3.1%	14.92B	2.73
Jan 31, 2025	680.99B	5.1%	24.9%	4.3%	2.9%	12.66B	2.41
Jan 31, 2024	648.13B	6.0%	24.4%	4.2%	2.4%	15.12B	1.91
Jan 31, 2023	611.29B	—	24.1%	3.3%	1.9%	11.98B	1.42

Balance sheet

Jul 31, 2026

Cash and short-term investments: 11.53B
Total debt: 73.76B
Shareholders' equity: 98.24B

Against its sector

	WMT	Sector median
Forward P/E	33.7	—
Net margin	3.0%	—
Revenue growth	5.9%	—
ROE	22.3%	—
Debt / equity	71.7	—

From the Sep 26, 2026 report

Walmart's fundamentals demonstrate strong profitability with a return on equity (ROE) of 22.31% and return on assets (ROA) of 6.41%, outperforming sector peers. The company reported Q2 2026 revenue of $187.94 billion (+10.8% YoY) and EBITDA of $12.20 billion (+13.9% YoY), reflecting margin expansion with gross profit margin at 26.1%. However, valuation metrics present challenges with a price-to-earnings ratio (PE) of 38.98 (TTM) and a price/earnings to growth (PEG) ratio of 4.13, indicating potential overvaluation relative to growth expectations. The company maintains a dividend yield of 0.92% and has demonstrated strong free cash flow of $7.47 billion in Q2 2026, supporting ongoing share buybacks and dividend stability.

Frequently asked questions

How fast is WMT revenue growing?

Walmart Inc. reported revenue of 713.16B in the fiscal year ended Jan 31, 2026, 4.7% more than the year before.

Data as of Sep 29, 2026. Sources: Yahoo Finance (prices, financial statements and analysts' estimates) and the U.S. Treasury (10-year yield). Indicators and valuation are computed without AI.

AI-generated informational content. Not financial advice or a personalised investment recommendation. Investing involves risk, including loss of capital.

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