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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.

Revenue
+5.94%
EPS
−9.09%
Free cash flow
+15.8%
Total debt
+14.0%

Quarter to July 2026, against a year earlier

125.73 0.06 +0.05%
Market cap
$997.0B
P/E
45.3×
Fwd P/E
43.6×
Dividend yield
0.78%
F-score
7/9
ROIC
13.5%
Net debt / EBITDA
0.9×
Dividend safety
79/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

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 0.2×.

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 0.2×
Market median 0.2×

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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