Operating Income for Walmart (WMT)
According to Walmart's latest reported financial statements, the company's current operating income (TTM) is $29.82B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
WMT
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$29.82B
YoY change
+1.6%
5Y CAGR
+5.8%
Peak year (2026)
$29.82B
Cumulative operating income
$624.20B
Operating Income history chart for Walmart (WMT) from 1986 to 2026
Operating Income history table for Walmart (WMT) from 1986 to 2026
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2026 | $29.82B | +1.6% | ||
| 2025 | $29.35B | +8.6% | ||
| 2024 | $27.01B | +32.2% | ||
| 2023 | $20.43B | -21.3% | ||
| 2022 | $25.94B | +15.1% | ||
| 2021 | $22.55B | +9.6% | ||
| 2020 | $20.57B | -6.3% | ||
| 2019 | $21.96B | +7.4% | ||
| 2018 | $20.44B | -10.2% | ||
| 2017 | $22.76B | -5.6% | ||
| 2016 | $24.11B | -11.2% | ||
| 2015 | $27.15B | +1.0% | ||
| 2014 | $26.87B | -3.1% | ||
| 2013 | $27.73B | +4.7% | ||
| 2012 | $26.49B | +3.7% | ||
| 2011 | $25.54B | +6.4% | ||
| 2010 | $24.00B | +5.4% | ||
| 2009 | $22.77B | +3.7% | ||
| 2008 | $21.95B | +7.1% | ||
| 2007 | $20.50B | +9.5% | ||
| 2006 | $18.71B | +8.2% | ||
| 2005 | $17.30B | +15.1% | ||
| 2004 | $15.03B | +13.0% | ||
| 2003 | $13.29B | +14.8% | ||
| 2002 | $11.58B | +2.4% | ||
| 2001 | $11.31B | +36.1% | ||
| 2000 | $8.31B | +26.9% | ||
| 1999 | $6.55B | +26.8% | ||
| 1998 | $5.16B | +17.1% | ||
| 1997 | $4.41B | +7.2% | ||
| 1996 | $4.11B | +1.5% | ||
| 1995 | $4.05B | +13.5% | ||
| 1994 | $3.57B | +19.4% | ||
| 1993 | $2.99B | +23.7% | ||
| 1992 | $2.42B | +23.9% | ||
| 1991 | $1.95B | +16.7% | ||
| 1990 | $1.67B | +26.2% | ||
| 1989 | $1.32B | +22.8% | ||
| 1988 | $1.08B | +27.1% | ||
| 1987 | $848.30M | +37.3% | ||
| 1986 | $618.00M | — |
Operating Income values are taken from Walmart's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2026 fiscal year, Walmart (WMT) reported operating income of $29.82B – edged up 1.6% year-over-year.
Across 2021–2026 (5 years), Walmart operating income produced a CAGR of +5.8% – sustaining 3 straight years of year-over-year growth.
The highest annual operating income of $29.82B was reported in 2026. The lowest in the available history was $618.00M in 1986.
Among 8 Consumer Defensive peers, Walmart (WMT) ranks 1st; the peer median for operating income is $13.63B.
Walmart Operating Income by Year
Walmart Operating Income 2026: $29.82B
Walmart operating income in 2026 was $29.82B, edged up 1.6% from 2025. This figure represents the highest annual value in the available history.
Walmart Operating Income 2025: $29.35B
Walmart operating income in 2025 was $29.35B, grew 8.6% from 2024.
Walmart Operating Income 2024: $27.01B
Walmart operating income in 2024 was $27.01B, surged 32.2% from 2023.
Walmart Operating Income 2023: $20.43B
Walmart operating income in 2023 was $20.43B, declined 21.3% below 2022.
Walmart Operating Income 2022: $25.94B
Walmart operating income in 2022 was $25.94B.
See more financial history for Walmart (WMT).
Sector peers — Operating Income
Companies in the same sector as Walmart, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $3.62B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Walmart's operating income?
- Latest reported operating income for Walmart (WMT) is $29.82B (period ending January 31, 2026).
How has Walmart operating income changed year-over-year?
- Walmart (WMT) operating income changed +1.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Walmart operating income?
- Walmart (WMT) operating income compound annual growth rate is +5.8% over the most recent 5 years available.
When did Walmart operating income hit its highest annual value?
- Walmart operating income reached its highest annual value of $29.82B in 2026.
What was Walmart operating income in 2025?
- Walmart (WMT) operating income in 2025 was $29.35B.
What was Walmart operating income in 2026?
- Walmart (WMT) operating income in 2026 was $29.82B.
Metrics overview
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