v3.25.4
Net Income Per Common Share
12 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
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 fiscal 2026, 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:
Fiscal Years Ended January 31,
(Amounts in millions, except per share data)202620252024
Numerator
Consolidated net income$22,270 $20,157 $16,270 
Consolidated net income attributable to noncontrolling interest(377)(721)(759)
Consolidated net income attributable to Walmart$21,893 $19,436 $15,511 
Denominator
Weighted-average common shares outstanding, basic7,983 8,041 8,077 
Dilutive impact of share-based awards39 40 31 
Weighted-average common shares outstanding, diluted8,022 8,081 8,108 
Net income per common share attributable to Walmart
Basic$2.74 $2.42 $1.92 
Diluted2.73 2.41 1.91