Walmart Historical Income Statement

WMT Stock  USD 60.72  0.21  0.35%   
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.
  
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 tightly coupled 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

Walmart Income Statement is one of the three primary financial statements used for reporting Walmart's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Walmart revenue and expense. Walmart Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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

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 tightly coupled 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 Revenue572.8B611.3B648.1B680.5B
Depreciation And Amortization7.8B9.7B11.9B12.4B

Walmart income statement Correlations

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Walmart Account Relationship Matchups

Walmart income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization13.1B11.5B7.8B9.7B11.9B12.4B
Total Revenue524.0B559.2B572.8B611.3B648.1B680.5B
Gross Profit129.4B138.8B143.8B147.6B158.0B165.9B
Other Operating Expenses503.4B536.6B546.8B590.9B621.1B652.2B
Operating Income20.6B22.5B25.9B20.4B27.0B15.9B
Ebit20.6B22.5B25.9B20.4B27.0B16.0B
Ebitda33.7B34.0B33.8B30.1B38.9B21.6B
Cost Of Revenue394.6B420.3B429B463.7B490.1B514.6B
Total Operating Expenses108.8B116.3B117.8B127.1B131.0B137.5B
Income Before Tax20.1B20.6B18.7B17.0B21.8B14.3B
Total Other Income Expense Net(452M)(2.0B)(7.2B)(3.4B)(5.2B)(4.9B)
Net Income14.9B13.5B13.7B11.7B15.5B9.3B
Income Tax Expense4.9B6.9B4.8B5.7B5.6B4.6B
Interest Expense2.6B2.3B2.0B2.1B2.7B2.0B
Selling General Administrative105.1B113.1B113.9B123.0B131.0B79.3B
Net Income Applicable To Common Shares14.9B13.5B13.7B11.7B13.4B13.3B
Minority Interest320M6.6B(267M)388M(759M)(721.1M)
Net Income From Continuing Ops15.2B13.7B13.9B11.3B16.3B11.5B
Tax Provision4.9B6.9B4.8B5.7B5.6B4.4B
Interest Income189M121M1.8B1.9B546M916.9M
Net Interest Income(2.4B)(2.2B)(1.8B)(1.9B)(2.1B)(2.2B)
Reconciled Depreciation11.0B11.2B10.7B10.9B11.9B12.1B
Non Operating Income Net Other2.0B210M(5.4B)(1.5B)(1.8B)(1.9B)

Walmart Investors Sentiment

The influence of Walmart's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Walmart. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Walmart's public news can be used to forecast risks associated with an investment in Walmart. The trend in average sentiment can be used to explain how an investor holding Walmart can time the market purely based on public headlines and social activities around Walmart. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Walmart's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Walmart's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Walmart's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Walmart.

Walmart Implied Volatility

    
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Walmart's implied volatility exposes the market's sentiment of Walmart stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Walmart's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Walmart stock will not fluctuate a lot when Walmart's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Walmart in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Walmart's short interest history, or implied volatility extrapolated from Walmart options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Walmart is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Walmart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Walmart Stock. Highlighted below are key reports to facilitate an investment decision about Walmart Stock:
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 tightly coupled 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.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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Is Walmart's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Walmart. If investors know Walmart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Walmart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.12)
Dividend Share
0.76
Earnings Share
1.91
Revenue Per Share
80.243
Quarterly Revenue Growth
0.057
The market value of Walmart is measured differently than its book value, which is the value of Walmart that is recorded on the company's balance sheet. Investors also form their own opinion of Walmart's value that differs from its market value or its book value, called intrinsic value, which is Walmart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Walmart's market value can be influenced by many factors that don't directly affect Walmart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Walmart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Walmart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Walmart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.