WMT Balance Sheet - Walmart Inc

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Price: 114.04 EUR 0.28% Market Closed

Market Cap: €916.7B

Financial profile · Q2 FY2027

A scaled retail platform pairing steady growth with rising reinvestment

Walmart's multi-year history shows a volume-led retail model with recurring mid-single-digit revenue expansion and narrow but resilient operating margins. It converts earnings into substantial operating cash, while spending on stores, supply chain, technology, and omnichannel capabilities makes free cash flow increasingly sensitive to investment intensity.

What is developing

The July 31, 2026 results reinforce the established pattern of sales and operating-income growth, but also show that heavier capital spending is absorbing more of the operating-cash increase. The business remains cash generative, yet incremental growth now requires more reinvestment than earlier in the history.

What matters next

Whether operating cash flow continues to cover the enlarged capital-spending base without further TTM free-cash-flow erosion.

Metric	FY2017 Jan 2017	FY2018 Jan 2018	FY2019 Jan 2019	FY2020 Jan 2020	FY2021 Jan 2021	FY2022 Jan 2022	FY2023 Jan 2023	FY2024 Jan 2024	FY2025 Jan 2025	FY2026 Jan 2026
Cash & Cash Equivalents	6.6B	6.5B	7.7B	9.5B	17.7B	14.8B	8.6B	9.9B	9B	10.7B
Cash Equivalents	6.6B	6.5B	7.7B	9.5B	17.7B	14.8B	8.6B	9.9B	9B	10.7B
Total Receivables	5.8B	5.6B	6.3B	6.3B	6.5B	8.3B	7.9B	8.8B	10B	11.2B
Accounts Receivables	5.8B	5.6B	6.3B	6.3B	6.5B	8.3B	7.9B	8.8B	10B	11.2B
Other Receivables	0	0	0	0	0	0	0	0	0	0
Inventory	43B	43.8B	44.3B	44.4B	44.9B	56.5B	56.6B	54.9B	56.4B	58.9B
Other Current Assets	2.2B	3.8B	3.6B	1.6B	20.9B	1.5B	2.5B	3.3B	4B	4.1B
Total Current Assets	57.7B	59.7B	61.9B	61.8B	90.1B	81.1B	75.7B	76.9B	79.5B	84.9B
PP&E Net	114.2B	114.8B	111.4B	127B	109.8B	112.6B	119.2B	130.3B	139.7B	157B
PP&E Gross	114.2B	114.8B	111.4B	127B	109.8B	112.6B	119.2B	130.3B	139.7B	157B
Accumulated Depreciation	(77B)	(83B)	(87.2B)	(89.8B)	(88.4B)	(94.8B)	(101.6B)	(109B)	(111.6B)	(120.3B)
Intangible Assets	—	—	—	—	—	—	—	—	4.5B	4.3B
Goodwill	17B	18.2B	31.2B	31.1B	29B	29B	28.2B	28.1B	28.8B	28.7B
Other Long-Term Assets	9.9B	11.8B	14.8B	16.6B	23.6B	22.2B	20.1B	17.1B	8.4B	9.8B
Other Assets	17B	18.2B	31.2B	31.1B	29B	29B	28.2B	28.1B	28.8B	28.7B
Total Assets	198.8B	204.5B	219.3B	236.5B	252.5B	244.9B	243.2B	252.4B	260.8B	284.7B
Accounts Payable	41.4B	46.1B	47.1B	47B	49.1B	55.3B	53.7B	56.8B	58.7B	63.1B
Accrued Liabilities	20.7B	22.1B	22.2B	24.1B	26.7B	27.5B	32.6B	30.2B	28.1B	29.9B
Short-Term Debt	1.1B	5.3B	5.2B	575m	224m	410m	372m	878m	3.1B	6.6B
Current Portion of Long-Term Debt	2.8B	4.4B	2.6B	5.9B	3.6B	3.3B	4.8B	4.2B	3.4B	4.4B
Other Current Liabilities	921m	645m	428m	280m	13B	872m	727m	307m	3.4B	3.5B
Deferred Revenue	—	—	—	—	—	—	—	—	2.8B	2.9B
Total Current Liabilities	66.9B	78.5B	77.5B	77.8B	92.6B	87.4B	92.2B	92.4B	96.6B	107.5B
Long-Term Debt	38.8B	32.8B	46.3B	48B	45B	39.1B	39.5B	41.8B	39.3B	40.5B
Deferred Income Tax	8.7B	8.2B	11.6B	12.3B	14.4B	13.5B	14.7B	14.6B	14.4B	16.5B
Minority Interest	2.7B	3B	7.1B	6.9B	6.6B	8.6B	7.3B	6.7B	6.7B	6.6B
Other Liabilities	3.8B	4.2B	4.3B	16.9B	12.9B	13B	12.8B	12.9B	12.8B	13.9B
Total Liabilities	121B	126.7B	146.8B	161.8B	171.6B	161.6B	166.5B	168.5B	169.8B	185.1B
Common Stock	305m	295m	288m	284m	282m	276m	269m	805m	802m	797m
Retained Earnings	89.4B	85.1B	80.8B	83.9B	88.8B	86.9B	83.1B	89.8B	98.3B	104.8B
Additional Paid In Capital	2.4B	2.6B	3B	3.2B	3.6B	4.8B	5B	4.5B	5.5B	6.8B
Unrealized Security Profit/Loss	—	1.6B	0	—	—	—	—	—	—	—
Other Equity	(14.2B)	(11.8B)	(11.5B)	(12.8B)	(11.8B)	(8.8B)	(11.7B)	(11.3B)	(13.6B)	(12.8B)
Total Equity	77.8B	77.9B	72.5B	74.7B	80.9B	83.3B	76.7B	83.9B	91B	99.6B
Total Liabilities & Equity	198.8B	204.5B	219.3B	236.5B	252.5B	244.9B	243.2B	252.4B	260.8B	284.7B
Common Shares Outstanding	9.1B	8.9B	8.6B	8.5B	8.5B	8.3B	8.1B	8.1B	8B	8B