WMTMEDIUM SIGNALOPPORTUNITY10-K

Walmart delivered strong operational and financial momentum with revenue growth to $713.2B, expanded customer reach to 280 million weekly customers, and significantly increased shareholder returns through 80% higher share buybacks.

The company demonstrates robust growth across key metrics while successfully scaling its omnichannel strategy, evidenced by expanding from 8,000+ to over 8,400 pickup/delivery locations globally. The substantial increase in share buybacks signals strong cash generation and management confidence, though investors should monitor the 11.3% rise in current liabilities alongside this growth.

Comparing 2026-03-13 vs 2025-03-14View on EDGAR →
FINANCIAL ANALYSIS

Walmart showed broad-based financial strength with total revenues growing from $681.0B to $713.2B, net income increasing 12.6% to $21.9B, and operating cash flow rising 14.1% to $41.6B. The company significantly boosted shareholder returns with share buybacks jumping 80% to $8.1B while maintaining a healthy cash position that grew 18.7% to $10.7B. The 11.3% increase in current liabilities appears manageable given the strong revenue growth and cash generation, suggesting effective working capital management during expansion.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+80%
$4.5B$8.1B

Share repurchases increased 80% — management returning capital, signals confidence in intrinsic value.

Cash & Equivalents
Balance Sheet
+18.7%
$9.0B$10.7B

Cash grew 18.7% — improving liquidity position supports investment and shareholder returns.

Operating Cash Flow
Cash Flow
+14.1%
$36.4B$41.6B

Operating cash flow grew 14.1% — strong conversion of earnings to cash, healthy business fundamentals.

Net Income
P&L
+12.6%
$19.4B$21.9B

Net income grew 12.6% — bottom-line growth signals improving overall business health.

Current Liabilities
Balance Sheet
+11.3%
$96.6B$107.5B

Current liabilities rose 11.3% — increased short-term obligations, watch current ratio.

LANGUAGE CHANGES
NEW — 2026-03-13
PRIOR — 2025-03-14
ADDED
Each week, we serve approximately 280 million customers who visit more than 10,900 stores in 19 countries and through our numerous eCommerce websites and mobile applications.
Our discussion is as of, and for the fiscal years ended, January 31, 2026 ("fiscal 2026"), January 31, 2025 ("fiscal 2025") and January 31, 2024 ("fiscal 2024").
During fiscal 2026, we generated total revenues of $713.2 billion, which primarily comprised net sales of $706.4 billion.
Our common stock trades on the Nasdaq Global Select Market under the symbol "WMT." The Development of Our Company The businesses conducted by our founders began in 1945 when Sam M.
Today, customers can access pickup or delivery services at over 8,400 locations globally, reflecting our ability to leverage our store and club footprint to expand customer access.
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REMOVED
(Exact name of registrant as specified in its charter) ___________________________________________ Delaware 71-0415188 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 702 S.W.
Each week, we serve approximately 270 million customers who visit more than 10,750 stores and numerous eCommerce websites in 19 countries.
Our discussion is as of, and for the fiscal years ended, January 31, 2025 ("fiscal 2025"), January 31, 2024 ("fiscal 2024") and January 31, 2023 ("fiscal 2023").
During fiscal 2025, we generated total revenues of $681.0 billion, which primarily comprised net sales of $674.5 billion.
Our common stock trades on the New York Stock Exchange under the symbol "WMT." The Development of Our Company The businesses conducted by our founders began in 1945 when Sam M.
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