$WMT

WAL MART STORES INC

CIK:0000104169|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2026	Jul. 31, 2025
Revenues:
Net sales	$ 186,100	$ 175,750	$ 361,784	$ 339,731
Membership and other income	1,837	1,652	3,904	3,280
Total revenues	187,937	177,402	365,688	343,011
Costs and expenses:
Cost of sales	138,804	132,771	271,862	257,074
Operating, selling, general and administrative expenses	39,750	37,345	76,950	71,516
Operating income	9,383	7,286	16,876	14,421
Interest:
Debt	137	651	711	1,170
Finance lease	126	118	251	236
Interest income	(92)	(94)	(171)	(187)
Interest, net	171	675	791	1,219
Other (gains) and losses	1,200	(2,708)	925	(2,111)
Income before income taxes	8,012	9,319	15,160	15,313
Provision for income taxes	1,483	2,168	3,141	3,523
Consolidated net income	6,529	7,151	12,019	11,790
Consolidated net income attributable to noncontrolling interest	(163)	(125)	(323)	(277)
Consolidated net income attributable to Walmart	$ 6,366	$ 7,026	$ 11,696	$ 11,513
Net income per common share:
Basic net income per common share attributable to Walmart (in dollars per share)	$ 0.80	$ 0.88	$ 1.47	$ 1.44
Diluted net income per common share attributable to Walmart (in dollars per share)	$ 0.80	$ 0.88	$ 1.46	$ 1.43
Weighted-average common shares outstanding:
Basic (shares)	7,954	7,978	7,962	7,994
Diluted (shares)	7,978	8,016	7,989	8,033
Dividends declared per common share (in dollars per share)	$ 0	$ 0	$ 0.99	$ 0.94

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Cash flows from operating activities:
Consolidated net income	$ 12,019	$ 11,790
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	7,746	6,856
Investment (gains) and losses, net	947	(2,066)
Deferred income taxes	845	1,551
Other operating activities	816	1,370
Changes in certain assets and liabilities, net of effects of acquisitions and dispositions:
Receivables, net	9	(405)
Inventories	(2,660)	(659)
Accounts payable	1,648	1,302
Accrued liabilities	(1,449)	(1,453)
Accrued income taxes	(211)	66
Net cash provided by operating activities	19,710	18,352
Cash flows from investing activities:
Payments for property and equipment	(14,181)	(11,409)
Proceeds from disposal of property and equipment	124	41
Proceeds from disposal of certain strategic investments	42	775
Other investing activities	(249)	(606)
Net cash used in investing activities	(14,264)	(11,199)
Cash flows from financing activities:
Net change in short-term borrowings	3,923	759
Proceeds from issuance of long-term debt	4,230	3,983
Repayments of long-term debt	(2,303)	(875)
Dividends paid	(3,945)	(3,755)
Purchase of Company stock	(5,104)	(6,200)
Other financing activities	(1,643)	(905)
Net cash used in financing activities	(4,842)	(6,993)
Effect of exchange rates on cash, cash equivalents and restricted cash	67	181
Net increase in cash, cash equivalents and restricted cash	671	341
Cash, cash equivalents and restricted cash at beginning of year	11,321	9,536
Cash, cash equivalents and restricted cash at end of period	$ 11,992	$ 9,877

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2026	Jan. 31, 2026	Jul. 31, 2025
Current assets:
Cash and cash equivalents	$ 11,529	$ 10,727	$ 9,431
Receivables, net	11,075	11,172	10,518
Inventories	61,600	58,851	57,729
Prepaid expenses and other	4,499	4,124	4,355
Total current assets	88,703	84,874	82,033
Property and equipment, net	142,482	136,083	125,476
Operating lease right-of-use assets	15,650	14,750	13,953
Finance lease right-of-use assets, net	6,178	6,123	6,128
Goodwill	28,260	28,735	29,060
Other long-term assets	12,641	14,103	14,187
Total assets	293,914	284,668	270,837
Current liabilities:
Short-term borrowings	10,479	6,596	3,837
Accounts payable	64,318	63,061	60,086
Dividends payable	3,949	0	3,783
Accrued liabilities	30,074	31,187	28,821
Accrued income taxes	746	596	620
Long-term debt due within one year	3,470	3,542	4,011
Operating lease obligations due within one year	1,714	1,631	1,580
Finance lease obligations due within one year	880	856	828
Total current liabilities	115,630	107,469	103,566
Long-term debt	36,462	34,624	35,640
Long-term operating lease obligations	14,798	13,941	13,171
Long-term finance lease obligations	5,952	5,905	5,947
Deferred income taxes and other	16,273	16,549	15,656
Commitments and contingencies
Redeemable noncontrolling interest	293	293	307
Shareholders' equity:
Common stock	794	797	797
Capital in excess of par value	7,046	6,816	5,718
Retained earnings	103,601	104,774	96,328
Accumulated other comprehensive loss	(13,203)	(12,770)	(12,733)
Total Walmart shareholders' equity	98,238	99,617	90,110
Nonredeemable noncontrolling interest	6,268	6,270	6,440
Total shareholders' equity	104,506	105,887	96,550
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	$ 293,914	$ 284,668	$ 270,837