Walmart (WMT) is trading up at $108.18 (+0.91%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Staples sector.
Current price targets from 14 firms average $128, median $129, ranging from $114 to $145 — the average is 18% above the current $108. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2017Jan 2017 | FY2018Jan 2018 | FY2019Jan 2019 | FY2020Jan 2020 | FY2021Jan 2021 | FY2022Jan 2022 | FY2023Jan 2023 | FY2024Jan 2024 | FY2025Jan 2025 | FY2026Jan 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $485.9B | $500.3B | $514.4B | $524.0B | $559.2B | $572.8B | $611.3B | $648.1B | $681.0B | $713.2B |
| Growth (year over year) | +0.8% | +3.0% | +2.8% | +1.9% | +6.7% | +2.4% | +6.7% | +6.0% | +5.1% | +4.7% |
| Gross profit | $124.6B | $126.9B | $129.1B | $129.4B | $138.8B | $143.8B | $147.6B | $158.0B | $169.2B | $177.8B |
| Gross margin | 25.6% | 25.4% | 25.1% | 24.7% | 24.8% | 25.1% | 24.1% | 24.4% | 24.9% | 24.9% |
| Operating income | $22.8B | $20.4B | $22.0B | $20.6B | $22.5B | $25.9B | $20.4B | $27.0B | $29.3B | $29.8B |
| Operating margin | 4.7% | 4.1% | 4.3% | 3.9% | 4.0% | 4.5% | 3.3% | 4.2% | 4.3% | 4.2% |
| Net income | $13.6B | $9.86B | $6.67B | $14.9B | $13.5B | $13.7B | $11.7B | $15.5B | $19.4B | $21.9B |
| Net margin | 2.8% | 2.0% | 1.3% | 2.8% | 2.4% | 2.4% | 1.9% | 2.4% | 2.9% | 3.1% |
| EPS (diluted) | $1.46 | $1.09 | $0.75 | $1.73 | $1.58 | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 |
| Balance sheet | ||||||||||
| Cash and equivalents | $6.87B | $6.76B | $7.72B | $9.46B | $17.7B | $14.8B | $8.63B | $9.87B | $9.04B | $10.7B |
| Total assets | $198.8B | $204.5B | $219.3B | $236.5B | $252.5B | $244.9B | $243.2B | $252.4B | $260.8B | $284.7B |
| Total liabilities | $118.3B | $123.7B | $139.7B | $154.9B | $165.0B | $153.0B | $159.4B | $162.1B | $163.4B | $178.8B |
| Long-term debt | $36.0B | $30.0B | $43.5B | $43.7B | $41.2B | $34.9B | $34.6B | $36.1B | $33.4B | $34.6B |
| Shareholders' equity | $77.8B | $77.9B | $72.5B | $74.7B | $80.9B | $83.3B | $76.7B | $83.9B | $91.0B | $99.6B |
| Cash flow | ||||||||||
| Operating cash flow | $31.7B | $28.3B | $27.8B | $25.3B | $36.1B | $24.2B | $28.8B | $35.7B | $36.4B | $41.6B |
| Capital expenditure | $10.6B | $10.1B | $10.3B | $10.7B | $10.3B | $13.1B | $16.9B | $20.6B | $23.8B | $26.6B |
| Free cash flow | $21.1B | $18.3B | $17.4B | $14.6B | $25.8B | $11.1B | $12.0B | $15.1B | $12.7B | $14.9B |
| Dividends paid | $6.22B | $6.12B | $6.10B | $6.05B | $6.12B | $6.15B | $6.11B | $6.14B | $6.69B | $7.51B |
| Share buybacks | $8.30B | $8.30B | $7.41B | $5.72B | $2.63B | $9.79B | $9.92B | $2.78B | $4.49B | $8.09B |
| Q3 FY25Oct 2024 | Q4 FY25†Jan 2025 | Q1 FY26Apr 2025 | Q2 FY26Jul 2025 | Q3 FY26Oct 2025 | Q4 FY26†Jan 2026 | Q1 FY27Apr 2026 | Q2 FY27Jul 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $169.6B | $180.6B | $165.6B | $177.4B | $179.5B | $190.7B | $177.8B | $187.9B |
| Growth (year over year) | +5.5% | +4.1% | +2.5% | +4.8% | +5.8% | +5.6% | +7.3% | +5.9% |
| Gross profit | $42.2B | $44.4B | $41.3B | $44.6B | $44.8B | $47.0B | $44.7B | $49.1B |
| Gross margin | 24.9% | 24.6% | 24.9% | 25.2% | 25.0% | 24.7% | 25.1% | 26.1% |
| Operating income | $6.71B | $7.86B | $7.13B | $7.29B | $6.70B | $8.71B | $7.49B | $9.38B |
| Operating margin | 4.0% | 4.4% | 4.3% | 4.1% | 3.7% | 4.6% | 4.2% | 5.0% |
| Net income | $4.58B | $5.25B | $4.49B | $7.03B | $6.14B | $4.24B | $5.33B | $6.37B |
| Net margin | 2.7% | 2.9% | 2.7% | 4.0% | 3.4% | 2.2% | 3.0% | 3.4% |
| EPS (diluted) | $0.57 | $0.65 | $0.56 | $0.88 | $0.77 | $0.52 | $0.67 | $0.80 |
| Balance sheet | ||||||||
| Cash and equivalents | $10.0B | $9.04B | $9.31B | $9.43B | $10.6B | $10.7B | $10.7B | $11.5B |
| Total assets | $263.4B | $260.8B | $262.4B | $270.8B | $288.7B | $284.7B | $289.6B | $293.9B |
| Total liabilities | $169.1B | $163.4B | $172.0B | $174.3B | $186.4B | $178.8B | $188.9B | $189.4B |
| Long-term debt | $33.6B | $33.4B | $36.5B | $35.6B | $34.4B | $34.6B | $36.9B | $36.5B |
| Shareholders' equity | $88.1B | $91.0B | $83.8B | $90.1B | $96.1B | $99.6B | $94.3B | $98.2B |
| Cash flow | ||||||||
| Operating cash flow | $6.56B | $13.5B | $5.41B | $12.9B | $9.10B | $14.1B | $4.74B | $15.0B |
| Capital expenditure | $6.19B | $7.09B | $4.99B | $6.42B | $7.22B | $8.02B | $6.68B | $7.50B |
| Free cash flow | $372.0M | $6.44B | $425.0M | $6.52B | $1.88B | $6.10B | −$1.95B | $7.47B |
| Dividends paid | $1.67B | $1.68B | $1.88B | $1.88B | $1.88B | $1.88B | $1.97B | $1.97B |
| Share buybacks | $977.0M | $1.45B | $4.55B | $1.65B | $808.0M | $1.08B | $2.08B | $3.02B |
From Walmart's 10-K and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Walmart Inc. is an American multinational omnichannel retail corporation that operates a chain of hypermarkets, discount department stores, grocery stores, pharmacies, and gas stations in the United States and 19 other countries. It is headquartered in Bentonville, Arkansas. The company was founded in 1962 by brothers Sam Walton and James "Bud" Walton in nearby Rogers, Arkansas. It also owns and operates Sam's Club retail warehouses.