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Friday 23 October 2026 Export WMT’s income statement to Excel — free account

Walmart Inc.

WMT Consumer Defensive Discount Stores

Walmart Inc.’s revenue for fiscal 2026 (year ended January 2026) was $713.2 billion, up 4.73% from fiscal 2025. In the quarter to July 2026, revenue grew 5.94%, EPS fell 9.09%, free cash flow grew 15.8% and total debt rose 14.0%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

119.23 1.89 −1.56%
Market cap
$960.9B
P/E
43.7×
Fwd P/E
41.3×
Dividend yield
1.01%
F-score
7/9
Altman Z
6.46
Beneish M
−2.71
Dividend safety
79/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Walmart Inc. (WMT) Debt to equity

Alert me on Debt to equity

Walmart Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 0.5×, up 0.1× from fiscal 2026 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2022) to 0.7× (fiscal 2019); the current reading is higher than 25% of that period. That is above the Discount Stores industry median of 0.4× and above the Consumer Defensive sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.5× 3.62%
FY2025 0.5× (9.63%)
FY2024 0.5× (2.85%)
FY2023 0.5× 14.22%
FY2022 0.5× (16.68%)
FY2021 0.6× (16.46%)
FY2020 0.7× (8.06%)
FY2019 0.7× 26.94%
FY2018 0.6× 0.62%
FY2017 0.6× (4.80%)

Quarterly newest first

Period Debt to equity Change
Jul 2026 0.5× (5.20%)
Apr 2026 0.6× 18.89%
Jan 2026 0.5× (6.47%)
Oct 2025 0.5× (0.08%)
43 more quarters

Against its own ten years

Low 0.5× High 0.7×
Ten-year median 0.6×
Current reading's percentile 25

Debt to equity against peers

Company Debt to equity
OLLI Ollie's Bargain Outlet Holdings, Inc. compare 0.0×
PSMT PriceSmart, Inc. compare 0.1×
COST Costco Wholesale Corporation compare 0.2×
BJ BJ's Wholesale Club Holdings, Inc. compare 0.3×
DG Dollar General Corporation compare 0.5×
WMT Walmart Inc. 0.5×
DLTR Dollar Tree, Inc. compare 0.9×
TGT Target Corporation compare 0.9×
TBBB BBB Foods Inc. compare 2.4×
Discount Stores industry median 0.4×
Consumer Defensive sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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