WMTWalmart

Consumer staples · Discount Stores · Nasdaq

Headquarters: Bentonville, AR
CEO: John R. Furner
Next results: around Nov 19, 2026

The biggest changes in the 10-K filed 2026-03-13, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+14.1% Big change FY to 2026-01-31 vs 2025-01-31

“The increase in net cash provided by operating activities in fiscal 2026 is primarily due to an increase in cash provided by operating income, lower cash tax payments and the timing of certain payments.”
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Net income

+12.6% Big change FY to 2026-01-31 vs 2025-01-31

“Membership and other income increased $0.3 billion and $1.0 billion for fiscal 2026 and 2025, respectively, primarily driven by growth in membership fee revenue globally, partially offset by decreases in certain other income items, including a reduction in recycling income in fiscal 2026.”
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Revenue

+4.7% FY to 2026-01-31 vs 2025-01-31

“Comparable sales in fiscal 2026 were driven by growth in average ticket and transactions, and also reflected growth in unit volumes and strength in all merchandise categories.”
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“For fiscal 2026, comparable sales were driven by growth in unit volumes and transactions, reflecting strong sales in grocery, health and wellness and general merchandise.”
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Operating margin

4.4% → 4.2% (-0.1 pts) FY to 2026-01-31 vs 2025-01-31

“Operating income as a percentage of net sales decreased 13 basis points for fiscal 2026 and increased 15 basis points for fiscal 2025, respectively, primarily due to the factors described above and strong growth in membership income globally.”
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“ROI benefited from increased operating income due to improved business performance, which was partially offset by the incremental non-cash share-based compensation charge at PhonePe as well as certain legal matters and other business restructuring charges.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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