Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·WMT
Preparing the analysis
We’re preparing the company’s analysis.
NASDAQ·WMT
Walmart Inc.
Share price$124.28Price as of: Nov 9, 2026
Walmart Inc. (WMT) is a company listed on NASDAQ, classified under Discount Stores.
Walmart Inc., established in 1945 and based in Bentonville, Arkansas, operates as a global retail powerhouse, having officially adopted its current name in February 2018, formerly Wal-Mart Stores, Inc.
Revenue · FY 2026
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Sales generated during the period, before costs and expenses.
Net margin · FY 2026
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
Of every $100 it takes in,68 come from Walmart U S.
Walmart U S is its largest source of revenue (67.7%), followed by Walmart International (18.3%). Here you will see what it sells, where, and how that mix is changing.
$713bnrevenue in FY 2026
3business lines with data
81%of sales, in United States
Full fiscal year ended Jan 31, 2026
After that close
Q2 fiscal 2027, ended Jul 31, 2026: total revenue +5.9% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2026
02Where revenue comes from
A single line brings in half or more.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
No room for a label in the mosaic
No breakdown0.9%
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
$6.8bn (0.9%) of revenue has no segment assigned in the published data.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
It depends on one main market.
United States is its largest market, with 81.5% of sales. Each square is a region and its area is what it sells there.
Regions from largest to smallest · FY 2026
04How the mix is changing
The mix barely changes.
Weight of each part in 2025 and in 2026. A line gains weight when it grows faster than the total.
FY 2025FY 2026
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
Our take
In FY 2026, Walmart remains chiefly reliant on Walmart U S and the US market; International adds growth, but the business axis is unchanged.
- 01Our interpretation
International grows, but doesn’t shift the picture
Walmart International delivers higher proportional growth, but its revenue share remains secondary. Diversification has made little headway.
See the calculations behind it
- Walmart U S brought $20.6B of the $32.2B by which revenue grew in FY 2026 (63.9%), although it weighed 67.9%. Without that line, the rest grew 5.3%.
- Dependence on Walmart U S barely changes: 67.9% of revenue in FY 2025 and 67.7% in FY 2026.
- United States brings 81.5% of sales (81.9% in FY 2025).
- Walmart U S accounts for 63.9% of the change in revenue in FY 2026 and weighed 67.9%.
- Walmart U S weighs more than all the other lines together: 67.7% of revenue in FY 2026.
With data to Nov 4, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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