See more : Cenkos Securities plc (CNKS.L) Income Statement Analysis – Financial Results
Complete financial analysis of Walmart Inc. (WMT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Walmart Inc., a leading company in the Discount Stores industry within the Consumer Defensive sector.
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Walmart Inc. (WMT)
About Walmart Inc.
Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 648.13B | 611.29B | 572.75B | 559.15B | 523.96B | 514.41B | 500.34B | 485.87B | 482.13B | 485.65B | 476.29B | 469.16B | 446.95B | 421.85B | 408.21B | 405.61B | 378.80B | 348.65B | 315.65B | 287.99B | 258.68B | 246.53B | 219.81B | 193.30B | 166.81B | 139.21B | 119.30B | 106.15B | 94.75B | 83.41B | 67.34B | 55.48B | 43.89B | 32.60B | 25.81B | 20.65B | 15.96B | 11.91B | 8.46B |
| Cost of Revenue | 490.14B | 463.72B | 429.00B | 420.32B | 394.61B | 385.30B | 373.40B | 361.26B | 360.98B | 365.09B | 358.07B | 352.49B | 335.13B | 315.29B | 304.66B | 306.16B | 286.52B | 264.15B | 240.39B | 219.79B | 198.75B | 191.84B | 171.56B | 150.26B | 129.66B | 108.73B | 93.44B | 83.66B | 74.56B | 65.59B | 52.60B | 43.53B | 34.31B | 25.15B | 19.80B | 15.84B | 12.12B | 8.93B | 6.27B |
| Gross Profit | 157.98B | 147.57B | 143.75B | 138.84B | 129.36B | 129.10B | 126.95B | 124.62B | 121.15B | 120.57B | 118.23B | 116.67B | 111.82B | 106.56B | 103.56B | 99.45B | 92.28B | 84.50B | 75.26B | 68.20B | 59.93B | 54.69B | 48.25B | 43.04B | 37.15B | 30.48B | 25.86B | 22.48B | 20.19B | 17.83B | 14.75B | 11.96B | 9.58B | 7.45B | 6.01B | 4.81B | 3.84B | 2.98B | 2.19B |
| Gross Profit Ratio | 24.38% | 24.14% | 25.10% | 24.83% | 24.69% | 25.10% | 25.37% | 25.65% | 25.13% | 24.83% | 24.82% | 24.87% | 25.02% | 25.26% | 25.37% | 24.52% | 24.36% | 24.24% | 23.84% | 23.68% | 23.17% | 22.18% | 21.95% | 22.27% | 22.27% | 21.90% | 21.68% | 21.18% | 21.30% | 21.37% | 21.90% | 21.55% | 21.82% | 22.85% | 23.29% | 23.27% | 24.08% | 25.02% | 25.91% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 126.57B | 123.04B | 113.91B | 113.09B | 105.09B | 103.65B | 103.41B | 98.95B | 94.54B | 91.02B | 88.95B | 86.57B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 4.40B | 4.10B | 3.90B | 3.20B | 3.70B | 3.50B | 3.10B | 2.90B | 2.50B | 2.40B | 2.40B | 2.30B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 130.97B | 127.14B | 117.81B | 116.29B | 108.79B | 107.15B | 106.51B | 101.85B | 97.04B | 93.42B | 91.35B | 88.87B | 85.27B | 81.02B | 79.61B | 76.65B | 70.29B | 64.00B | 56.73B | 51.11B | 44.91B | 41.04B | 36.17B | 31.55B | 27.04B | 22.36B | 19.36B | 16.79B | 14.95B | 12.86B | 10.33B | 8.32B | 6.68B | 5.15B | 4.07B | 3.27B | 2.60B | 2.01B | 1.49B |
| Other Expenses | 0.00 | -1.54B | -3.00B | 210.00M | 1.96B | -8.37B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 848.70M | 649.10M | 475.40M | 346.60M | 269.40M | 213.60M | 166.00M | 123.60M | 89.70M |
| Operating Expenses | 130.97B | 127.14B | 117.81B | 116.29B | 108.79B | 107.15B | 106.51B | 101.85B | 97.04B | 93.42B | 91.35B | 88.87B | 85.27B | 81.02B | 79.61B | 76.65B | 70.29B | 64.00B | 56.73B | 51.11B | 44.91B | 41.04B | 36.17B | 31.55B | 27.04B | 22.36B | 19.36B | 16.79B | 14.95B | 12.86B | 11.18B | 8.97B | 7.16B | 5.50B | 4.34B | 3.48B | 2.77B | 2.13B | 1.57B |
| Cost & Expenses | 621.11B | 590.86B | 546.81B | 536.60B | 503.40B | 492.45B | 479.91B | 463.11B | 458.03B | 458.50B | 449.42B | 441.36B | 420.39B | 396.31B | 384.26B | 382.81B | 356.80B | 328.15B | 297.12B | 270.90B | 243.66B | 232.88B | 207.74B | 181.81B | 156.70B | 131.09B | 112.80B | 100.45B | 89.52B | 78.44B | 63.78B | 52.50B | 41.47B | 30.65B | 24.14B | 19.32B | 14.88B | 11.06B | 7.85B |
| Interest Income | 546.00M | 254.00M | 158.00M | 121.00M | 189.00M | 217.00M | 152.00M | 100.00M | 81.00M | 113.00M | 119.00M | 187.00M | 162.00M | 201.00M | 181.00M | 284.00M | 305.00M | 280.00M | 248.00M | 201.00M | 164.00M | 138.00M | 171.00M | 188.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 2.68B | 2.13B | 1.99B | 2.32B | 2.60B | 2.35B | 2.33B | 2.37B | 2.55B | 2.46B | 2.34B | 2.25B | 2.32B | 2.21B | 2.07B | 2.18B | 2.10B | 1.81B | 1.42B | 1.19B | 996.00M | 1.06B | 1.33B | 1.37B | 1.02B | 797.00M | 784.00M | 845.00M | 888.00M | 706.00M | 517.00M | 323.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 11.85B | 10.95B | 10.66B | 11.15B | 10.99B | 10.68B | 10.53B | 10.08B | 9.45B | 9.17B | 8.87B | 8.50B | 8.13B | 7.64B | 7.16B | 6.74B | 6.32B | 5.46B | 4.72B | 4.41B | 3.85B | 3.43B | 3.29B | 2.87B | 2.38B | 1.87B | 1.63B | 1.46B | 1.30B | 1.07B | 848.70M | 649.10M | 475.40M | 346.60M | 269.40M | 213.60M | 166.00M | 123.60M | 89.70M |
| EBITDA | 38.87B | 30.09B | 36.60B | 34.03B | 33.70B | 32.64B | 31.47B | 32.84B | 33.56B | 36.32B | 35.74B | 36.49B | 34.85B | 33.38B | 31.29B | 29.82B | 28.58B | 26.24B | 23.60B | 21.56B | 19.04B | 16.79B | 14.98B | 14.37B | 12.48B | 9.99B | 8.14B | 7.19B | 6.55B | 6.04B | 3.78B | 3.14B | 2.89B | 2.30B | 1.94B | 1.54B | 1.24B | 971.90M | 707.70M |
| EBITDA Ratio | 6.00% | 4.92% | 5.89% | 6.09% | 6.43% | 4.76% | 6.22% | 6.78% | 6.98% | 7.50% | 7.53% | 7.78% | 7.80% | 7.91% | 7.66% | 7.35% | 7.55% | 7.53% | 7.44% | 7.53% | 7.36% | 6.98% | 6.99% | 7.43% | 7.48% | 7.18% | 6.82% | 6.74% | 6.90% | 7.24% | 5.61% | 5.65% | 5.67% | 6.24% | 6.84% | 6.78% | 7.14% | 7.45% | 7.86% |
| Operating Income | 27.01B | 20.43B | 25.94B | 22.55B | 20.57B | 21.96B | 20.44B | 22.76B | 24.11B | 27.15B | 26.87B | 27.80B | 26.56B | 25.54B | 23.95B | 22.80B | 22.00B | 20.50B | 18.53B | 17.09B | 15.03B | 13.64B | 12.08B | 9.52B | 8.31B | 6.55B | 5.16B | 4.41B | 4.11B | 4.05B | 3.57B | 2.99B | 2.42B | 1.95B | 1.67B | 1.32B | 1.08B | 848.30M | 618.00M |
| Operating Income Ratio | 4.17% | 3.34% | 4.53% | 4.03% | 3.93% | 4.27% | 4.08% | 4.69% | 5.00% | 5.59% | 5.64% | 5.93% | 5.94% | 6.05% | 5.87% | 5.62% | 5.81% | 5.88% | 5.87% | 5.93% | 5.81% | 5.53% | 5.49% | 4.93% | 4.98% | 4.70% | 4.33% | 4.15% | 4.34% | 4.86% | 5.30% | 5.39% | 5.51% | 5.98% | 6.47% | 6.41% | 6.76% | 7.12% | 7.30% |
| Total Other Income/Expenses | -5.16B | -3.41B | -7.25B | -1.98B | -452.00M | -10.50B | -5.31B | -2.27B | -2.47B | -2.35B | -2.22B | -2.14B | -2.16B | -2.00B | -1.88B | -1.90B | -1.79B | -1.53B | -1.18B | -771.00M | -832.00M | -927.00M | -1.18B | -1.20B | 774.00M | 777.00M | 557.00M | 474.00M | 247.00M | 212.00M | 123.50M | 177.60M | 136.70M | 93.10M | 36.50M | 1.10M | -9.50M | -2.30M | -14.40M |
| Income Before Tax | 21.85B | 17.02B | 18.70B | 20.56B | 20.12B | 11.46B | 15.12B | 20.50B | 21.64B | 24.80B | 24.66B | 25.74B | 24.40B | 23.54B | 22.07B | 20.90B | 20.20B | 18.97B | 17.36B | 16.11B | 14.19B | 12.72B | 10.75B | 10.12B | 9.08B | 7.32B | 5.72B | 4.85B | 4.35B | 4.26B | 3.69B | 3.17B | 2.55B | 2.04B | 1.71B | 1.33B | 1.07B | 846.00M | 603.60M |
| Income Before Tax Ratio | 3.37% | 2.78% | 3.26% | 3.68% | 3.84% | 2.23% | 3.02% | 4.22% | 4.49% | 5.11% | 5.18% | 5.49% | 5.46% | 5.58% | 5.41% | 5.15% | 5.33% | 5.44% | 5.50% | 5.59% | 5.49% | 5.16% | 4.89% | 5.23% | 5.45% | 5.26% | 4.79% | 4.57% | 4.59% | 5.11% | 5.48% | 5.71% | 5.82% | 6.27% | 6.62% | 6.42% | 6.70% | 7.10% | 7.13% |
| Income Tax Expense | 5.58B | 5.72B | 4.76B | 6.86B | 4.92B | 4.28B | 4.60B | 6.20B | 6.56B | 7.99B | 8.11B | 7.98B | 7.94B | 7.58B | 7.14B | 7.15B | 6.91B | 6.37B | 5.80B | 5.59B | 5.12B | 4.49B | 3.90B | 3.69B | 3.34B | 2.74B | 2.12B | 1.79B | 1.61B | 1.58B | 1.36B | 1.17B | 944.70M | 751.70M | 631.60M | 488.20M | 441.00M | 395.90M | 276.10M |
| Net Income | 15.51B | 11.68B | 13.67B | 13.51B | 14.88B | 6.67B | 9.86B | 13.64B | 14.69B | 16.36B | 16.02B | 17.00B | 15.70B | 16.39B | 14.34B | 13.40B | 12.73B | 11.28B | 11.23B | 10.27B | 9.05B | 8.04B | 6.67B | 6.30B | 5.58B | 4.43B | 3.53B | 3.06B | 2.74B | 2.68B | 2.33B | 1.99B | 1.61B | 1.29B | 1.08B | 837.20M | 627.60M | 450.10M | 327.50M |
| Net Income Ratio | 2.39% | 1.91% | 2.39% | 2.42% | 2.84% | 1.30% | 1.97% | 2.81% | 3.05% | 3.37% | 3.36% | 3.62% | 3.51% | 3.89% | 3.51% | 3.30% | 3.36% | 3.24% | 3.56% | 3.57% | 3.50% | 3.26% | 3.03% | 3.26% | 3.34% | 3.18% | 2.96% | 2.88% | 2.89% | 3.21% | 3.46% | 3.60% | 3.67% | 3.96% | 4.17% | 4.05% | 3.93% | 3.78% | 3.87% |
| EPS | 1.92 | 1.43 | 1.63 | 1.59 | 1.74 | 0.76 | 1.10 | 1.47 | 1.53 | 1.66 | 1.62 | 5.02 | 1.51 | 1.49 | 1.24 | 1.13 | 1.04 | 0.90 | 0.90 | 0.80 | 0.69 | 0.61 | 0.50 | 0.47 | 0.42 | 0.33 | 0.26 | 0.22 | 0.20 | 0.20 | 0.17 | 0.14 | 0.12 | 0.10 | 0.08 | 0.06 | 0.05 | 0.03 | 0.03 |
| EPS Diluted | 1.91 | 1.42 | 1.62 | 1.58 | 1.73 | 0.75 | 1.09 | 1.46 | 1.52 | 1.65 | 1.61 | 5.00 | 1.51 | 1.49 | 1.23 | 1.13 | 1.04 | 0.90 | 0.89 | 0.80 | 0.69 | 0.60 | 0.50 | 0.47 | 0.42 | 0.33 | 0.26 | 0.22 | 0.20 | 0.20 | 0.17 | 0.14 | 0.12 | 0.10 | 0.08 | 0.06 | 0.05 | 0.03 | 0.03 |
| Weighted Avg Shares Out | 8.08B | 8.17B | 8.38B | 8.49B | 8.55B | 8.79B | 8.99B | 9.30B | 9.62B | 9.69B | 9.81B | 10.12B | 10.38B | 10.97B | 11.60B | 11.82B | 12.20B | 12.49B | 12.55B | 12.78B | 13.09B | 13.29B | 13.40B | 13.40B | 13.35B | 13.39B | 13.55B | 13.76B | 13.78B | 13.75B | 13.72B | 13.76B | 13.79B | 13.36B | 13.45B | 13.22B | 13.45B | 13.49B | 12.26B |
| Weighted Avg Shares Out (Dil) | 8.11B | 8.20B | 8.41B | 8.54B | 8.60B | 8.84B | 9.03B | 9.34B | 9.65B | 9.73B | 9.85B | 10.17B | 10.42B | 11.01B | 11.63B | 11.85B | 12.22B | 12.50B | 12.56B | 12.80B | 13.12B | 13.34B | 13.44B | 13.45B | 13.42B | 13.46B | 13.60B | 13.78B | 13.79B | 13.75B | 13.72B | 13.76B | 13.79B | 13.36B | 13.45B | 13.22B | 13.45B | 13.49B | 12.26B |
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Source: https://incomestatements.info
Category: Stock Reports
How did Walmart’s e-commerce growth affect its financial results?
E-commerce sales rose 27% globally and 22% in the U.S., led in part by store-fulfilled pickup and delivery and the company’s marketplace. Consolidated operating income grew 8.2% to $500 million on higher gross margins, growth in membership income and reduced losses in e-commerce.
What factors contributed to Walmart’s strong financial performance in 2024?
Walmart’s impressive first-quarter earnings underscore its ability to navigate through inflationary pressures and shifting consumer behaviors. The retailer’s success lies in its strategic pricing, the growing appeal of its private-label products, and a robust digital presence.
How did Walmart’s net sales change from 2022 to 2024?
Walmart U.S. had net sales of $441.8 billion for fiscal 2024, representing 69% of our fiscal 2024 consolidated net sales, and had net sales of $420.6 billion and $393.2 billion for fiscal 2023 and 2022, respectively.
What was the impact on Walmart’s operating income from 2022 to 2024?
Walmart annual operating income for 2024 was $27.012B, a 32.23% increase from 2023. Walmart annual operating income for 2023 was $20.428B, a 21.26% decline from 2022. Walmart annual operating income for 2022 was $25.942B, a 15.05% increase from 2021.