Walmart (WMT) stock
Consumer Staples · Consumer Staples Merchandise Retail
Walmart (WMT) is a Consumer Staples Merchandise Retail company in the Consumer Staples sector, headquartered in Bentonville, Arkansas. As of October 23, 2026, WMT closed at $119.89, a market capitalization of $954.09 billion, the 13th largest company in the S&P 500. Over the last twelve months it generated $735.84 billion in revenue (+6% year over year) and $13.51 billion in free cash flow. The stock trades at 43.4x trailing earnings and 37.2x forward earnings.
- 1-year total return: +13.1% (dividends reinvested)
- 5-year return: +20.9% a year
- 52-week range: $98.88 – $135.16
- Gross margin 24.8%, operating margin 3.5%
- Dividend yield: 0.83%, 50 straight years of increases
- FI Handbook report card: C- across 10 metrics
- Largest of 34 Consumer Staples stocks in the S&P 500
WMT price chart
1Y price change: +12.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| WMT | +8.5% | +8.3% | +13.1% | +32.1% | +20.9% | +20.1% | +18.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1972.
WMT key statistics
- Market cap
- $954.1B
- #13 in S&P 500
- P/E (TTM)
- 43.4x
- Forward P/E
- 37.2x
- EPS (TTM)
- $2.76
- Revenue (TTM)
- $735.8B
- +6%
- Free cash flow
- $13.5B
- Gross margin
- 24.8%
- Operating margin
- 3.5%
- Return on equity
- 22.3%
- Dividend yield
- 0.83%
- 52-week range
- $98.88 – $135.16
- Beta
- 0.58
- Price / sales
- 1.3x
- EV / EBITDA
- 23.2x
- Debt / equity
- 0.72x
- Employees
- 2,100,000
WMT report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth5.9%C
- Gross margin24.8%D
- Operating margin3.5%D
- FCF margin1.8%D
- Return on equity22.3%B
- Net debt / EBITDA1.4xC
- Forward P/E37.2xD
- PEG ratio4.1xF
- Shareholder yield1.7%C
- Share count change / yr-1.2%B
Walmart financials
Revenue went from $481.3B in fiscal 2017 to $706.4B in fiscal 2026, growing 4.4% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $481.3B | $495.8B | $510.3B | $519.9B | $555.2B | $567.8B | $605.9B | $642.6B | $674.5B | $706.4B |
| Gross profit | $120.1B | $122.4B | $125.0B | $125.3B | $134.9B | $138.8B | $142.2B | $152.5B | $162.8B | $171.0B |
| Operating income | $22.8B | $20.4B | $22.0B | $20.6B | $22.5B | $25.9B | $20.4B | $27.0B | $29.3B | $29.8B |
| Net income | $13.6B | $9.9B | $6.7B | $14.9B | $13.5B | $13.7B | $11.7B | $15.5B | $19.4B | $21.9B |
| EPS (diluted) | $1.46 | $1.09 | $0.75 | $1.73 | $1.58 | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 |
| Free cash flow | $21.1B | $18.3B | $17.4B | $14.6B | $25.8B | $11.1B | $12.0B | $15.1B | $12.7B | $14.9B |
| Buybacks | $8.3B | $8.3B | $7.4B | $5.7B | $2.6B | $9.8B | $9.9B | $2.8B | $4.5B | $8.1B |
| Dividends paid | $6.2B | $6.1B | $6.1B | $6.0B | $6.1B | $6.2B | $6.1B | $6.1B | $6.7B | $7.5B |
| Diluted shares | 9.3B | 9.0B | 8.8B | 8.6B | 8.5B | 8.4B | 8.2B | 8.1B | 8.1B | 8.0B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into WMT?
A reverse DCF asks what growth the current price requires. With an enterprise value of $1.0T and $13.5B of trailing free cash flow, Walmart needs to grow free cash flow about 46.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -10.4% a year over the last five years.
P/E ratio history
Current 43.9x vs. median 18.6x (10th–90th percentile 13.7x–43.6x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
WMT dividend
- Dividend yield
- 0.83%
- Annual dividend
- $0.99
- Years of increases
- 50
- 5-yr dividend growth
- 5.5%
- per year
- Payout ratio
- 35%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
WMT earnings
Next report: November 19, 2026. Walmart has beaten EPS estimates 4 quarters in a row. Last quarter's revenue was $187.9B (+6% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 20, 2026 | $0.74 | $0.81 | +9.3% |
| May 21, 2026 | $0.66 | $0.66 | +0.2% |
| Feb 19, 2026 | $0.73 | $0.74 | +1.8% |
| Nov 20, 2025 | $0.60 | $0.62 | +3.1% |
| Aug 21, 2025 | $0.74 | $0.68 | -8.0% |
| May 15, 2025 | $0.58 | $0.61 | +5.6% |
| Feb 20, 2025 | $0.65 | $0.66 | +2.0% |
| Nov 19, 2024 | $0.53 | $0.58 | +8.8% |
Stocks like WMT
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|---|---|---|---|---|---|
 COST Costco Wholesale | -1.46% | +7% | $444.6B | 48.3x | Compare |
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 DG Dollar General | -4.62% | +31% | $29.3B | 17.2x | Compare |
 DLTR Dollar Tree | -4.37% | +25% | $23.5B | 15.3x | Compare |
 KO Coca-Cola | -2.76% | +36% | $398.9B | 27.8x | Compare |
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WMT news
- Walmart (WMT) Makes Sam's Club Its Exclusive Buy Now Pay Later Checkout Option · Oct 25, 2026
- Can Walmart's New Bundled Subscription Beat Amazon? · Oct 25, 2026
- Seven Answers to One Question: Who Decides Whether Your Agent Can Pay? · Oct 25, 2026
- Chinese Shoppers Are Joining Membership Clubs. Walmart Is Winning. · Oct 24, 2026
- Affirm Lost Walmart to Klarna in 2025. Now It Has Sam’s Club. Here’s What Moves the Stock Before November 5 · Oct 23, 2026
WMT stock FAQ
What is WMT's market cap?
Walmart's market capitalization is $954.09 billion as of October 23, 2026, ranking 13th in the S&P 500.
What is WMT's P/E ratio?
WMT trades at a trailing price-to-earnings ratio of 43.4x and a forward P/E of 37.2x. Its median P/E over the period we track is 18.6x.
Does WMT pay a dividend?
Yes. Walmart pays $0.99 per share a year, a 0.83% yield. It has raised its dividend 50 years in a row. Dividends grew 5.5% a year over the last five years.
How much has WMT stock returned?
Including reinvested dividends, WMT returned +13.1% over one year, +20.9% a year over five years, +20.1% a year over ten years through October 23, 2026.
Is WMT stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Walmart must grow free cash flow about 46% a year for the next decade. Its free cash flow fell 10% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does WMT report earnings?
Walmart is expected to report earnings on November 19, 2026. It has beaten EPS estimates 4 quarters in a row.
How many employees does Walmart have?
Walmart has about 2,100,000 full-time employees, or $350,400 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology