Walmart
Runs omnichannel discount stores and membership clubs backed by pickup, delivery, and advertising.
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Profile
Sells groceries, general merchandise, health and wellness products, and fuel through stores, clubs, websites, and apps, with added revenue from memberships, advertising, marketplaces, fulfillment, and financial services. The U.S. segment contributes most sales, and the store network doubles as a pickup and delivery system.
Sells groceries, general merchandise, health and wellness products, and fuel through Walmart U.S. stores and digital channels; Walmart International retail, wholesale, and e-commerce operations; and Sam’s Club U.S. membership warehouses. The U.S. business contributes most sales, while international operations extend across the Americas, Africa, China, and India through stores, marketplaces, and businesses including Flipkart. Walmart+ and Sam’s Club memberships, Walmart Connect advertising, marketplaces, fulfillment, and financial services add fee and service revenue around the retail base.
Links stores, clubs, apps, and an extensive supply chain to offer everyday-low pricing, pickup, and delivery. Store density supports rapid local fulfillment, while everyday-low-price and everyday-low-cost disciplines connect price leadership with expense control. Operations depend on global suppliers, distribution and fulfillment systems, trade rules, and secure digital infrastructure.
Company facts
Categories
Key statistics
Year to date −8.6% · Average volume (30d) 25.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | Jefferies | Reiterate | Buy | $145 | $120 |
| Aug 21, 2026 | Deutsche Bank | Target | $120 | $113 | |
| Aug 21, 2026 | Raymond James | Reiterate | Outperform | $135 | $130 |
| Aug 21, 2026 | Evercore ISI | Target | $130 | $125 | |
| Aug 21, 2026 | Truist Financial | Target | $114 | $125 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY27 | $0.74 | $0.81 | +9.2% | $186.64B | $187.94B | +0.7% | −9.15% |
| May 21, 2026Q1 FY27 | $0.66 | $0.66 | +0.2% | $174.84B | $177.75B | +1.7% | −0.88% |
| Feb 19, 2026Q4 FY26 | $0.73 | $0.74 | +1.8% | $190.49B | $190.66B | +0.1% | −1.51% |
| Nov 20, 2025Q3 FY26 | $0.60 | $0.62 | +3.2% | $177.44B | $179.50B | +1.2% | −1.67% |
Financial highlights
| 12 quarters | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $165.61B | $177.40B | $179.50B | $190.66B | $177.75B | $187.94B | |
| Gross profit | $41.31B | $44.63B | $44.79B | $47.04B | $44.69B | $49.13B | |
| Operating income | $7.14B | $7.29B | $6.70B | $8.71B | $7.49B | $9.38B | |
| Net income | $4.49B | $7.03B | $6.14B | $4.24B | $5.33B | $6.37B | |
| Diluted EPS | $0.56 | $0.88 | $0.77 | $0.53 | $0.67 | $0.80 | |
| Gross margin | 24.9% | 25.2% | 25.0% | 24.7% | 25.1% | 26.1% | |
| Operating margin | 4.3% | 4.1% | 3.7% | 4.6% | 4.2% | 5.0% |
Fiscal years (4-quarter sums)FY22 $572.75B · FY23 $611.29B · FY24 $648.13B · FY25 $680.99B · FY26 $713.16B
Revenue by product · Q2 FY27
Revenue by geography · Q2 FY27
Balance sheet, Jul 31, 2026Cash & short-term investments $11.53B · Total debt $73.76B · Total assets $293.91B · Shareholders' equity $98.24B
Dividends
Raised for 50 straight years — most recently to $0.2475 from $0.235 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Sep 8 | $0.2475 | |
| May 8, 2026 | May 8 | May 26 | $0.2475 | |
| Mar 20, 2026 | Mar 20 | Apr 6 | $0.2475 | raised from $0.235 |
| Dec 12, 2025 | Dec 12 | Jan 5 | $0.235 | |
| Aug 15, 2025 | Aug 15 | Sep 2 | $0.235 | |
| May 9, 2025 | May 9 | May 27 | $0.235 | |
| Mar 21, 2025 | Mar 21 | Apr 7 | $0.235 | raised from $0.2075 |
| Dec 13, 2024 | Dec 13 | Jan 6 | $0.2075 |
Ownership
Shares outstanding 7.96B · Float 4.37B · 55.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Walton Enterprises, LLC | 3.52B | 44.21% | 13D | Mar 3, 2026 |
| BlackRock, Inc. | 354.20M | 4.45% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 286.35M | 3.60% | 13F | Aug 13, 2026 |
| State Street Corp | 188.04M | 2.36% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 148.46M | 1.87% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Daniel Danker | officer: Executive Vice President | −50,644 | $105.35 |
| Aug 20, 2026 | Christopher James Nicholas | officer: Executive Vice President | −2,900 | $106.34 |
| Aug 3, 2026 | Daniel J. Bartlett | officer: Executive Vice President | −3,710 | $113.10 |
| Jul 16, 2026 | Christopher James Nicholas | officer: Executive Vice President | −2,900 | $114.14 |
| Jul 1, 2026 | Daniel J. Bartlett | officer: Executive Vice President | −3,775 | $109.64 |
Peers
- Amazon
Primary rival across e-commerce, grocery, fulfillment, advertising, and subscription.
- Costco
Direct warehouse-club rival to Sam's Club; holds 63.7% of the U.S. club market.
- Kroger
Largest pure-play U.S. grocer; competes in grocery, pharmacy, and digital food.
- Target
U.S. discount general merchandise rival; competes on store footprint and retail media.
- Dollar General
Dense rural discount rival capturing fill-in trips Walmart supercenters cannot serve.
- Albertsons Companies
Second-largest U.S. supermarket chain; competes in grocery, pharmacy, and digital food.
- Instacart
Largest third-party online grocery marketplace; competes on delivery and ad budgets.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Walmart | $103.07 | −0.03% | $820.40B | 37.2 | 34.5 | 1.1 | +5.9% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Costco | $945.47 | −0.03% | $419.30B | 47.6 | 43.0 | 1.4 | +11.6% |
| Kroger | $57.69 | −0.06% | $35.36B | 33.8 | 11.1 | 0.2 | +2.2% |
| Target | $163.23 | +0.05% | $74.10B | 16.9 | 17.6 | 0.7 | +5.3% |
| Dollar General | $123.13 | +0.23% | $27.11B | 16.0 | 15.9 | 0.6 | +5.2% |
| Albertsons Companies | $12.52 | −0.10% | $6.08B | 156.6 | 5.7 | 0.1 | +0.2% |
| Instacart | $50.02 | −1.01% | $11.88B | 27.6 | 19.4 | 3.0 | +14.1% |
| Median | 27.6 | 17.6 | 0.7 | +5.3% |