Basic net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards as determined under the treasury stock method. The Company did not have significant share-based awards outstanding that were antidilutive and not included in the calculation of diluted net income per common share attributable to Walmart for the three and nine months ended October 31, 2025 and 2024.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart:


	Three Months Ended October 31,				Nine Months Ended October 31,
(Amounts in millions, except per share data)	2025		2024		2025		2024
Numerator
Consolidated net income	$	6,088	$	4,714	$	17,878	$	14,732
Consolidated net (income) loss attributable to noncontrolling interest	55		(137)		(222)		(550)
Consolidated net income attributable to Walmart	$	6,143	$	4,577	$	17,656	$	14,182

Denominator
Weighted-average common shares outstanding, basic	7,974		8,038		7,987		8,044
Dilutive impact of share-based awards	37		44		39		38
Weighted-average common shares outstanding, diluted	8,011		8,082		8,026		8,082

Net income per common share attributable to Walmart
Basic	$	0.77	$	0.57	$	2.21	$	1.76
Diluted	0.77		0.57		2.20		1.75