Consumer Staples · Consumer Staples Merchandise Retail
Walmart: revenue, profit and dividends
In fiscal 2026, Walmart had revenue of $713B, up 4.0% a year on average since 2016, and net income of $21.9B (3.1% of revenue). Its dividend per share has gone up 18 years in a row, to $0.94. It has 17% fewer shares than in 2016.
Revenue, fiscal 2026
average annual revenue growth since 2016 · +4.7% vs 2025
- Ticker
- WMT · Nasdaq
- Sector
- Consumer Staples
- Sub-industry
- Consumer Staples Merchandise Retail
- Headquarters
- Bentonville, Arkansas
- Founded
- 1962
- In the S&P 500 since
- August 31, 1982
- Latest fiscal year
- 2026, ended January 31, 2026
- SEC filer
- Walmart Inc. · CIK 0000104169
Revenue and net income
Revenue went from $377B in 2008 to $713B in 2026.
Diluted earnings per share
Diluted EPS went from $1.04 in 2008 to $2.73 in 2026. Ten-year growth: 6.0% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2009 to 2026. Ten-year growth: 3.7% a year.
Shares outstanding
16.9% fewer shares in 2026 than in 2016 (9.65B → 8.02B): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $14.9B in 2026, 2.1% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $713B | $21.9B | 3.1% | $2.73 | $0.94 | 8.02B | $41.6B | $26.6B | $14.9B |
| 2025 | $681B | $19.4B | 2.9% | $2.41 | $0.83 | 8.08B | $36.4B | $23.8B | $12.7B |
| 2024 | $648B | $15.5B | 2.4% | $1.91 | $0.76 | 8.11B | $35.7B | $20.6B | $15.1B |
| 2023 | $611B | $11.7B | 1.9% | $1.42 | $0.75 | 8.2B | $28.8B | $16.9B | $12B |
| 2022 | $573B | $13.7B | 2.4% | $1.62 | $0.73 | 8.41B | $24.2B | $13.1B | $11.1B |
| 2021 | $559B | $13.5B | 2.4% | $1.58 | $0.72 | 8.54B | $36.1B | $10.3B | $25.8B |
| 2020 | $524B | $14.9B | 2.8% | $1.73 | $0.71 | 8.6B | $25.3B | $10.7B | $14.6B |
| 2019 | $514B | $6.67B | 1.3% | $0.75 | $0.69 | 8.84B | $27.8B | $10.3B | $17.4B |
| 2018 | $500B | $9.86B | 2.0% | $1.09 | $0.68 | 9.03B | $28.3B | $10.1B | $18.3B |
| 2017 | $486B | $13.6B | 2.8% | $1.46 | $0.67 | 9.34B | $31.7B | $10.6B | $21.1B |
| 2016 | $482B | $14.7B | 3.0% | $1.52 | $0.65 | 9.65B | $27.6B | $11.5B | $16.1B |
| 2015 | $486B | $16.4B | 3.4% | $1.68 | $0.64 | 9.73B | $28.6B | $12.2B | $16.4B |
| 2014 | $476B | $16B | 3.4% | $1.63 | $0.63 | 9.85B | $23.3B | $13.1B | $10.1B |
| 2013 | $469B | $17B | 3.6% | $1.67 | $0.53 | 10.2B | $25.6B | $12.9B | $12.7B |
| 2012 | $447B | $15.7B | 3.5% | $1.51 | $0.49 | 10.4B | $24.3B | $13.5B | $10.7B |
| 2011 | $422B | $16.4B | 3.9% | $1.49 | $0.40 | 11B | $23.6B | $12.7B | $10.9B |
| 2010 | $408B | $14.4B | 3.5% | $1.24 | $0.36 | 11.6B | $26.2B | $12.2B | $14.1B |
| 2009 | $404B | $13.4B | 3.3% | $1.13 | $0.32 | 11.9B | $23.1B | $11.5B | $11.6B |
| 2008 | $377B | $12.7B | 3.4% | $1.04 | $0.29 | 12.2B | $20.6B | $14.9B | $5.71B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
Stock splits
Found in the filings; per-share figures and share counts on this page are on today’s share basis.
- 3-for-1 split · first reflected in a filing of March 15, 2024
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Consumer Staples Merchandise Retail companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.