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03Detailed Report
WMT
Walmart Inc
Period
Q3 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 27, 2026
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Executive Summary
Walmart Inc (WMT) reported robust financials for Q3 2025, with revenue reaching $169.59 billion, reflecting a 6.1% growth in constant currency. This growth was driven by strategic investments in eCommerce and core operations, enabling profits to rise by 9.8% faster than sales. Management highlighted that the strong performance across all three segments—Walmart U.S., Walmart International, and Sam's Club—was fueled by increased eCommerce activities and membership income growth. Despite external pressures from hurricanes and a port strike, the company demonstrated resilience through effective inventory management and customer engagement strategies, positioning itself well for continued momentum going into the holiday season.
Key Performance Indicators
Revenue
Increasing
169.59B
QoQ: 0.15% | YoY: 5.46%
Gross Profit
Increasing
42.25B
24.91% margin
QoQ: -0.65% | YoY: 6.63%
Operating Income
Increasing
6.71B
QoQ: -15.52% | YoY: 8.16%
Net Income
Increasing
4.58B
QoQ: 1.69% | YoY: 910.38%
EPS
Increasing
0.57
QoQ: 1.79% | YoY: 916.04%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue & Profitability:
- Q3 Revenue: $169.59 billion, a YoY increase of 6.1%.
- Gross Profit: $42.24 billion, with a gross profit margin of 24.9%.
- Operating Income: $6.71 billion, reflecting an operating income growth of 9.8%.
- Net Income: $4.58 billion, a significant increase of 910.38% YoY, primarily attributed to a lower comparative base in the previous year.
Cash Flow:
- Net Cash from operating activities: $6.56 billion.
- Free Cash Flow: $372 million.
Balance Sheet:
- Cash and Equivalents: $10.05 billion.
- Total Assets: $263.40 billion.
- Total Liabilities: $168.93 billion.
- Total Shareholders' Equity: $88.11 billion.
Key Ratios:
- Current Ratio: 0.848.
- Debt-to-Equity Ratio: 0.701.
- Return on Equity: 5.19%.
Growth drivers included a 27% rise in eCommerce sales and a 9.25% increase in adjusted EPS to $0.58. Management has raised its full-year sales growth guidance to 4.8% - 5.1%, reflecting confidence in ongoing operational momentum.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
169.59B
5.46%
0.15%
Gross Profit
42.25B
6.63%
-0.65%
Operating Income
6.71B
8.16%
-15.52%
Net Income
4.58B
910.38%
1.69%
EPS
0.57
916.04%
1.79%
Key Financial Ratios
Gross Profit Margin
Fair
24.90%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
3.96%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
2.70%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
1.74%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
5.19%
Return on equity is acceptable but below top-tier companies
Current Ratio
Concern
0.85
Current ratio below safe levels, potential liquidity risk