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.

Walmart Inc.

Net Sales

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Net Sales Common Size

Membership and Other Income

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Total Revenues

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Cost of Sales

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Operating, Selling, General and Administrative Expenses

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Operating Income

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Debt

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Finance Lease

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Interest Income

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Interest, Net

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Loss on Extinguishment of Debt

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Other Losses

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Income Before Income Taxes

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Income Before Income Taxes Common Size

Current

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Deferred

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Provision for Income Taxes

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Income from Continuing Operations

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Income from Discontinued Operations, Net of Tax

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Income from Discontinued Operations, Net of Tax Common Size

Income from Discontinued Operations, Net of Income Taxes

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Income from Discontinued Operations, Net of Income Taxes Common Size

Consolidated Net Income

Consolidated Net Income %Chg

Consolidated Net Income Common Size

Consolidated Net Income Attributable to Walmart

Consolidated Net Income Attributable to Walmart %Chg

Consolidated Net Income Attributable to Walmart Common Size

Consolidated Net Loss Attributable to Noncontrolling Interest

Consolidated Net Loss Attributable to Noncontrolling Interest %Chg

Consolidated Net Loss Attributable to Noncontrolling Interest Common Size

Basic Income per Common Share from Continuing Operations Attributable to Walmart

Basic Income per Common Share from Continuing Operations Attributable to Walmart %Chg

Basic Income per Common Share from Continuing Operations Attributable to Walmart Common Size

Basic Income per Common Share from Discontinued Operations Attributable to Walmart

Basic Income per Common Share from Discontinued Operations Attributable to Walmart %Chg

Basic Income per Common Share from Discontinued Operations Attributable to Walmart Common Size

Basic Net Income per Common Share Attributable to Walmart

Basic Net Income per Common Share Attributable to Walmart %Chg

Basic Net Income per Common Share Attributable to Walmart Common Size

Diluted Income per Common Share from Continuing Operations Attributable to Walmart

Diluted Income per Common Share from Continuing Operations Attributable to Walmart %Chg

Diluted Income per Common Share from Continuing Operations Attributable to Walmart Common Size

Diluted Income per Common Share from Discontinued Operations Attributable to Walmart

Diluted Income per Common Share from Discontinued Operations Attributable to Walmart %Chg

Diluted Income per Common Share from Discontinued Operations Attributable to Walmart Common Size

Diluted Net Income per Common Share Attributable to Walmart

Diluted Net Income per Common Share Attributable to Walmart %Chg

Diluted Net Income per Common Share Attributable to Walmart Common Size

Basic

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Diluted

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Net Income Attributable to Minority Interests and Other

Net Income Attributable to Minority Interests and Other %Chg

Net Income Attributable to Minority Interests and Other Common Size

Net Income Attributable to Discontinued Operations

Net Income Attributable to Discontinued Operations %Chg

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Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Total Revenues	703,061	680,985	648,125	611,289	572,754	559,151	523,964	514,405	500,343	485,873	482,130
Total Revenues %Chg	4.3%	5.1%	6%	6.7%	2.4%	6.7%	1.9%	2.8%	3%	0.8%	-0.7%
Net Sales
Membership and Other Income
Cost of Sales	527,952	511,753	490,142	463,721	429,000	420,315	394,605	385,301	373,396	361,256	360,984
Cost of Sales
Gross Profit	175,109	169,232	157,983	147,568	143,754	138,836	129,359	129,104	126,947	124,617	121,146
Gross Profit Margin	24.9%	24.9%	24.4%	24.1%	25.1%	24.8%	24.7%	25.1%	25.4%	25.6%	25.1%
Selling, General & Administrative Expenses	146,133	139,884	130,971	127,140	117,812	116,288	108,791	107,147	106,510	101,853	97,041
Operating, Selling, General and Administrative Expenses
Operating Profit	28,976	29,348	27,012	20,428	25,942	22,548	20,568	21,957	20,437	22,764	24,105
Operating Income
Operating Margin	4.1%	4.3%	4.2%	3.3%	4.5%	4%	3.9%	4.3%	4.1%	4.7%	5%
Interest and Investment Income	395	483	546	254	158	121	189	217	152	100	81
Interest Income
Interest Expense	-2,807	-2,728	-2,683	-2,128	-1,994	-2,315	-2,599	-2,346	-2,330	-2,367	-2,548
Debt
Finance Lease
Non-Operating Income	3,898	-794	-3,027	-1,538	-5,410	210	1,958	-8,368	-3,136	—	—
Loss on Extinguishment of Debt
Other Losses
Total Non-Operating Income	1,486	-3,039	-5,164	-3,412	-7,246	-1,984	-452	-10,497	-5,314	-2,267	-2,467
Income Before Provision for Income Taxes	30,462	26,309	21,848	17,016	18,696	20,564	20,116	11,460	15,123	20,497	21,638
Income Before Income Taxes
Provision for Income Taxes	7,159	6,152	5,578	5,724	4,756	6,858	4,915	4,281	4,600	6,204	6,558
Current
Deferred
Consolidated Net Income	23,303	20,157	16,270	11,292	13,940	13,706	15,201	7,179	10,523	14,293	15,080
Income from Continuing Operations
Consolidated Net Income
Net Income Attributable to Minority Interests and Other	393	721	759	-388	267	196	320	509	661	650	386
Consolidated Net Loss Attributable to Noncontrolling Interest
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	—	—
Income from Discontinued Operations, Net of Tax
Income from Discontinued Operations, Net of Income Taxes
Net Income Attributable to Common Shareholders	22,910	19,436	15,511	11,680	13,673	13,510	14,881	6,670	9,862	13,643	14,694
Consolidated Net Income Attributable to Walmart
Basic EPS	2.9	2.4	1.9	1.4	1.6	1.6	1.7	0.8	1.1	1.5	1.5
Diluted EPS	2.9	2.4	1.9	1.4	1.6	1.6	1.7	0.8	1.1	1.5	1.5
Basic Weighted Average Shares Outstanding	7,998	8,041	8,077	8,171	8,376	8,493	8,550	8,787	8,985	9,303	9,621
Total Shares Outstanding	7,970.2	8,054	8,054	8,079	8,284	8,463	8,496	8,634	8,856	9,144	9,486
Diluted Weighted Average Shares Outstanding	8,039	8,081	8,108	8,202	8,415	8,541	8,604	8,835	9,030	9,336	9,651
EBITDA	42,812	42,321	38,865	31,373	36,600	33,700	31,555	32,635	30,966	32,844	33,559
Effective Tax Rate	23.5%	23.4%	25.5%	33.6%	25.4%	33.3%	24.4%	37.4%	30.4%	30.3%	30.3%