Walmart Historical Income Statement

WMT Stock

USD 67.09 0.49 0.74%

Historical analysis of Walmart income statement accounts such as Depreciation And Amortization of 12.4 B, Total Revenue of 680.5 B, Gross Profit of 165.9 B or Other Operating Expenses of 652.2 B can show how well Walmart performed in making a profits. Evaluating Walmart income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Walmart's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Walmart latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Walmart is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

About Walmart Income Statement Analysis

Walmart Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Walmart shareholders. The income statement also shows Walmart investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Walmart Income Statement Chart

At this time, Walmart's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 680.5 B in 2024, whereas EBITDA is likely to drop slightly above 21.6 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts Walmart generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Walmart minus its cost of goods sold. It is profit before Walmart operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Walmart. It is also known as Walmart overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Walmart operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Walmart is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Walmart's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Walmart current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.At this time, Walmart's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 680.5 B in 2024, whereas EBITDA is likely to drop slightly above 21.6 B in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	572.8B	611.3B	648.1B	680.5B
Depreciation And Amortization	7.8B	9.7B	11.9B	12.4B

Total Revenue Depreciation And Amortization

Walmart income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Selling And Marketing Expenses	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other
Depreciation And Amortization		0.89	0.89	0.89	0.57	0.51	0.66	0.89	0.9	0.51	-0.3	0.52	0.44	0.84	0.78	0.2	0.71	-0.23	0.52	-0.41	-0.62	-0.06	0.51	0.31
Total Revenue	0.89		1.0	1.0	0.66	0.62	0.7	1.0	0.99	0.55	-0.53	0.57	0.49	0.74	0.86	0.02	0.69	-0.22	0.63	-0.42	-0.4	0.32	0.56	0.14
Gross Profit	0.89	1.0		1.0	0.68	0.63	0.71	1.0	0.99	0.56	-0.54	0.58	0.5	0.76	0.87	0.05	0.7	-0.22	0.61	-0.42	-0.41	0.31	0.52	0.12
Other Operating Expenses	0.89	1.0	1.0		0.65	0.6	0.68	1.0	1.0	0.53	-0.53	0.55	0.47	0.74	0.86	0.03	0.7	-0.23	0.64	-0.43	-0.41	0.33	0.56	0.15
Operating Income	0.57	0.66	0.68	0.65		0.96	0.96	0.66	0.61	0.92	-0.29	0.9	0.87	0.86	0.74	0.04	0.42	0.28	0.07	0.09	0.03	0.11	-0.07	-0.08
Ebit	0.51	0.62	0.63	0.6	0.96		0.97	0.62	0.56	0.97	-0.1	0.97	0.89	0.8	0.67	-0.15	0.35	0.47	0.02	0.22	0.12	0.07	-0.05	0.12
Ebitda	0.66	0.7	0.71	0.68	0.96	0.97		0.69	0.65	0.94	-0.13	0.94	0.85	0.91	0.8	0.0	0.5	0.33	0.15	0.11	-0.09	0.05	0.0	0.17
Cost Of Revenue	0.89	1.0	1.0	1.0	0.66	0.62	0.69		0.99	0.54	-0.53	0.56	0.48	0.74	0.86	0.01	0.69	-0.22	0.63	-0.42	-0.39	0.32	0.57	0.15
Total Operating Expenses	0.9	0.99	0.99	1.0	0.61	0.56	0.65	0.99		0.48	-0.54	0.5	0.41	0.72	0.87	0.07	0.74	-0.3	0.68	-0.47	-0.48	0.35	0.56	0.15
Income Before Tax	0.51	0.55	0.56	0.53	0.92	0.97	0.94	0.54	0.48		0.07	0.99	0.95	0.79	0.57	-0.13	0.27	0.55	-0.11	0.35	0.16	-0.13	-0.06	0.22
Total Other Income Expense Net	-0.3	-0.53	-0.54	-0.53	-0.29	-0.1	-0.13	-0.53	-0.54	0.07		0.08	0.08	-0.21	-0.47	-0.22	-0.41	0.59	-0.57	0.66	0.26	-0.63	-0.28	0.66
Net Income	0.52	0.57	0.58	0.55	0.9	0.97	0.94	0.56	0.5	0.99	0.08		0.9	0.79	0.6	-0.21	0.31	0.58	-0.03	0.3	0.14	-0.1	-0.02	0.29
Income Tax Expense	0.44	0.49	0.5	0.47	0.87	0.89	0.85	0.48	0.41	0.95	0.08	0.9		0.72	0.48	0.02	0.19	0.45	-0.26	0.43	0.23	-0.14	-0.14	0.12
Interest Expense	0.84	0.74	0.76	0.74	0.86	0.8	0.91	0.74	0.72	0.79	-0.21	0.79	0.72		0.81	0.15	0.62	0.08	0.24	-0.09	-0.32	-0.1	0.12	0.15
Selling General Administrative	0.78	0.86	0.87	0.86	0.74	0.67	0.8	0.86	0.87	0.57	-0.47	0.6	0.48	0.81		0.2	0.76	-0.19	0.65	-0.29	-0.45	0.44	0.25	0.11
Minority Interest	0.2	0.02	0.05	0.03	0.04	-0.15	0.0	0.01	0.07	-0.13	-0.22	-0.21	0.02	0.15	0.2		0.27	-0.55	-0.02	-0.06	-0.54	-0.01	-0.2	-0.28
Discontinued Operations	0.71	0.69	0.7	0.7	0.42	0.35	0.5	0.69	0.74	0.27	-0.41	0.31	0.19	0.62	0.76	0.27		-0.37	0.56	-0.41	-0.54	0.29	0.21	0.06
Net Income From Continuing Ops	-0.23	-0.22	-0.22	-0.23	0.28	0.47	0.33	-0.22	-0.3	0.55	0.59	0.58	0.45	0.08	-0.19	-0.55	-0.37		-0.45	0.71	0.55	-0.39	-0.15	0.39
Selling And Marketing Expenses	0.52	0.63	0.61	0.64	0.07	0.02	0.15	0.63	0.68	-0.11	-0.57	-0.03	-0.26	0.24	0.65	-0.02	0.56	-0.45		-0.65	-0.58	0.58	0.65	0.15
Tax Provision	-0.41	-0.42	-0.42	-0.43	0.09	0.22	0.11	-0.42	-0.47	0.35	0.66	0.3	0.43	-0.09	-0.29	-0.06	-0.41	0.71	-0.65		0.55	-0.31	-0.38	0.24
Interest Income	-0.62	-0.4	-0.41	-0.41	0.03	0.12	-0.09	-0.39	-0.48	0.16	0.26	0.14	0.23	-0.32	-0.45	-0.54	-0.54	0.55	-0.58	0.55		0.03	-0.41	-0.18
Net Interest Income	-0.06	0.32	0.31	0.33	0.11	0.07	0.05	0.32	0.35	-0.13	-0.63	-0.1	-0.14	-0.1	0.44	-0.01	0.29	-0.39	0.58	-0.31	0.03		0.07	-0.36
Reconciled Depreciation	0.51	0.56	0.52	0.56	-0.07	-0.05	0.0	0.57	0.56	-0.06	-0.28	-0.02	-0.14	0.12	0.25	-0.2	0.21	-0.15	0.65	-0.38	-0.41	0.07		0.38
Non Operating Income Net Other	0.31	0.14	0.12	0.15	-0.08	0.12	0.17	0.15	0.15	0.22	0.66	0.29	0.12	0.15	0.11	-0.28	0.06	0.39	0.15	0.24	-0.18	-0.36	0.38

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Walmart Account Relationship Matchups

Walmart income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	13.1B	11.5B	7.8B	9.7B	11.9B	12.4B
Total Revenue	524.0B	559.2B	572.8B	611.3B	648.1B	680.5B
Gross Profit	129.4B	138.8B	143.8B	147.6B	158.0B	165.9B
Other Operating Expenses	503.4B	536.6B	546.8B	590.9B	621.1B	652.2B
Operating Income	20.6B	22.5B	25.9B	20.4B	27.0B	15.9B
Ebit	20.6B	22.5B	25.9B	20.4B	27.0B	16.0B
Ebitda	33.7B	34.0B	33.8B	30.1B	38.9B	21.6B
Cost Of Revenue	394.6B	420.3B	429B	463.7B	490.1B	514.6B
Total Operating Expenses	108.8B	116.3B	117.8B	127.1B	131.0B	137.5B
Income Before Tax	20.1B	20.6B	18.7B	17.0B	21.8B	14.3B
Total Other Income Expense Net	(452M)	(2.0B)	(7.2B)	(3.4B)	(5.2B)	(4.9B)
Net Income	14.9B	13.5B	13.7B	11.7B	15.5B	9.3B
Income Tax Expense	4.9B	6.9B	4.8B	5.7B	5.6B	4.6B
Interest Expense	2.6B	2.3B	2.0B	2.1B	2.7B	2.0B
Selling General Administrative	105.1B	113.1B	113.9B	123.0B	126.6B	78.4B
Net Income Applicable To Common Shares	14.9B	13.5B	13.7B	11.7B	13.4B	13.3B
Minority Interest	320M	6.6B	(267M)	388M	(759M)	(721.1M)
Net Income From Continuing Ops	15.2B	13.7B	13.9B	11.3B	16.3B	11.5B
Selling And Marketing Expenses	3.7B	3.2B	3.9B	4.1B	4.4B	3.5B
Tax Provision	4.9B	6.9B	4.8B	5.7B	5.6B	4.4B
Interest Income	189M	121M	1.8B	1.9B	546M	916.9M
Net Interest Income	(2.4B)	(2.2B)	(1.8B)	(1.9B)	(2.1B)	(2.2B)
Reconciled Depreciation	11.0B	11.2B	10.7B	10.9B	11.9B	12.1B
Non Operating Income Net Other	2.0B	210M	(5.4B)	(1.5B)	(1.8B)	(1.9B)

Pair Trading with Walmart

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Walmart position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Walmart will appreciate offsetting losses from the drop in the long position's value.

Moving together with Walmart Stock

0.88

BJs Wholesale Club

Pair Corr

Moving against Walmart Stock

0.67	TGT	Target	Pair Corr
0.65	LFLY	Leafly Holdings	Pair Corr
0.62	GO	Grocery Outlet Holding	Pair Corr
0.55	SYY	Sysco Fiscal Year End 6th of August 2024	Pair Corr
0.51	KR	Kroger Company Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Walmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Walmart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Walmart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Walmart to buy it.

The correlation of Walmart is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Walmart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walmart moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Walmart can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Walmart Stock Analysis

When running Walmart's price analysis, check to measure Walmart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Walmart is operating at the current time. Most of Walmart's value examination focuses on studying past and present price action to predict the probability of Walmart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walmart's price. Additionally, you may evaluate how the addition of Walmart to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Walmart Historical Income Statement

About Walmart Income Statement Analysis

Walmart Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Walmart income statement Correlations

Walmart Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Walmart income statement Accounts

Pair Trading with Walmart

Moving together with Walmart Stock

Moving against Walmart Stock

Additional Tools for Walmart Stock Analysis

COMMON DESTINATIONS

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Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses

Tax Provision	- 0.65	Selling And Marketing Expenses
Net Interest Income	- 0.63	Total Other Income Expense Net
Interest Income	- 0.62	Depreciation And Amortization
Interest Income	- 0.58	Selling And Marketing Expenses
Selling And Marketing Expenses	- 0.57	Total Other Income Expense Net
Net Income From Continuing Ops	- 0.55	Minority Interest